Soft Drinks Market Share Analysis and Demand with Forecast to 2023

Key Players

The prominent players operating the global Soft Drinks Market Share are

Mondi Group (South Africa)
Ball Corporation (U.S.)
Graham Packaging Company (U.S.)
CKS Packaging Inc. (U.S.)
Owens-Illinois Inc. (U.S.)
AptarGroup Inc. (U.S.)
Bemis Company Inc. (U.S.)
Tetra Pak International S.A. (Switzerland)
CAN-PACK S.A. (Poland)
Allied Glass Containers (U.K.)
Amcor Ltd. (Australia)
Crown Holdings Inc. (U.S.)
Ardagh Group Inc. (Luxembourg)

Industry Updates

January 2018: Coca-Cola had recently announced their plan to collect and recycle 100% of it’s packaging by the end of 2030. The company is also planning to reshape its approach to packaging and recycling. It is presumed that Coca-Cola produces 110 billion single-use plastic bottles every year. This is anticipated to impact the virgin packaging providers, and other beverage producers are also expected to follow the trend.

Drivers and Constraints Impacting the Market

Packaging plays a crucial role as it offers information about the constituting ingredients, product content,expiry and manufacturing dates. Proper packaging of soft drinks provides external environment protection, product support, and tamper resistance. These advantages of packaging are considered to fuel the demand across the globe. Factors such as rapid urbanization, increasing population, and increasing disposable income are creating high demand for soft drink products among the global population. Benefits such as ease of disposability, ease of use, and enhanced user experience are anticipated to stimulate the market growth for soft drinks packaging in the coming years.

Global Soft Drinks Market Share: Segmental Analysis

The global Soft Drinks Market Share has been segmented on the basis of material, packaging type, application, and region.

By mode of packaging type, the global Soft Drinks Market Share has been segmented into bottle, box, cans, cartons, and others.

Among these, glass bottles are the least used mode of packaging. A small percentage of the total manufactured soft drinks is packed in glass bottles owing to its high storing and transportation cost. Metal cans and PET bottles have replaced the use of glass bottles as they are light in weight saves storage and transportation cost, and are recyclable.

Regional Insights

Geographically, the Soft Drinks Market Share span across regions namely, Europe, North America, Asia Pacific, and Rest-of-the-World (RoW).

Among all the regions, the Asia Pacific region is considered to dominate the global Soft Drinks Market Shareowing to the increasing number of soft drinks consumers in this region. Also, low production cost due to easy availability of inexpensive technical labor, high disposable income, and high population are some of the driving factors of the market.Moreover, with the emergence of local players across countries, the competition among the global players have increased which is further propelling the market growth. Also, adoption of innovative packaging creates huge opportunities for the manufactures to increase their foothold.

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