Soft Drinks Packaging Market Overview
Soft drink is generally a non-alcoholic beverage which consists of various flavors and ingredients. It primarily provides hydration, sugars or calories, nutrients, vitamins and many other, based on its ingredients. Soft drinks are consumed by people of all age groups, available in a variety of options such as juices, flavored water, energy drinks, and many others. Since, soft drinks is a ready to consume product, the right quality of packaging is imperative for keeping the product in a perfect condition. Therefore, packaging plays an important role as it provides information about the product content, constituting ingredients, and manufacturing and expiry dates.
The global market for soft drink packaging is expected to grow at a CAGR of ~ 3.95% during the forecast period of 2018–2023.
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There are many factors affecting the growth of the soft drinks packaging market. In the last few years, the market for soft drinks packaging is increasing continuously due to high demand for soft drinks in the developing countries mainly due to rise in disposable income among the individuals. Change in lifestyle and growing youth population is also a considerable driving factor for the growth of the market. Today, people are becoming more conscious about their health and prefer soft drink instead of alcohol-based or hard drinks, therefore, soft drinks have become a convenient alternative to alcoholic beverages which is also contributing to the market growth substantially. Innovation in operational activity and increasing urbanization in the developing countries is also augmenting the demand for soft drinks.
Industry News and key players
The key players of Global Soft drinks Packaging Market report include :
- Amcor Ltd. (Australia)
- Crown Holdings Inc. (U.S.)
- AptarGroup Inc.(U.S.)
- Ardagh Group Inc. (Luxembourg)
- Graham Packaging Company (U.S.)
- Owens-Illinois, Inc.(U.S.)
- Ball Corporation(U.S.)
- Tetra Pak International S.A. (Switzerland)
- Allied Glass Containers(U.K)
- Bemis Company Inc.(U.S.)
- CAN-PACK S.A. (Poland)
- CKS Packaging Inc. (U.S.)
- Mondi Group (South Africa)
June 2017- For improving the packaging of carbonated soft drinks & beer and delivering a unique opening experience to consumers, a new technology – easy to open crown has been launched by CROWN Beverage Packaging. The technology represents a modern advancement of the bottle cap.
December 2017- Coca-Cola teamed up with Ardagh to create the most eye-catching packaging presentation for its limited edition Star Wars: The Last Jedi Coca-Cola Zero Sugar bottles. Each shaped aluminium bottle uses the award winning high definition, high resolution printing expertise of Ardagh’s specialist plant in Beaurepaire, France to feature one of the film’s 6 main characters.
June 2017- CROWN Beverage Packaging, launched an easy to open crown to help beer manufacturers deliver a unique opening experience to consumers. The technology represents a modern advancement of the bottle cap, to improve the packaging of carbonated soft drinks and beer.
April 2017- Allied Glass Containers has secured a £75m debt package from Investec to support its growth plans. The Yorkshire-based specialist manufacturer and distributor of glass bottles and containers to the premium spirits and food & beverage sector produces 600 million bottles per annum across 450 product lines, and is focusing on growth in the global whisky and gin markets.
December 2016 – Amcor Rigid Plastics has launched a new range of crystal clear polyethylene terephthalate (PET) stock bottles and preforms. PET beverage collection is available in round, hourglass, and square shapes and comes in four sizes (12oz, 16oz, 32oz, and 64oz). Three filling types include cold-fill for dairy and juice, aseptic for dairy and juice, and high-pressure processing (HPP) for juice.
September, 2015 – Owens-Illinois, Inc. today announced that it has completed the acquisition of the Vitro food and beverage glass container business from Vitro, S.A.B. de C.V. in a transaction valued at approximately USD 2.15 billion. The transaction includes Vitro’s five food and beverage glass container plants in Mexico, a plant in Bolivia and the food and beverage business of Vitro Packaging, its North American distribution business based in Plano, Texas.
Segmentation: Global Soft Drinks Packaging Market
Global soft drink packaging market is segmented on the basis of material, packaging type, application, size, and region. On the basis of material, it is segmented as glass, plastic, metal, paperboard, and others. Among all, the segment for plastic packaging has landed the highest market share because of its cost-efficiency. Plastic packaging is light weighted and easy to handle which influences the demand positively. With the increasing environmental awareness, consumers are getting increasingly inclined to use biodegradable and eco-friendly plastics. PET bottles, made-up of a plastic resin chemically known as polyethylene terephthalate, are one such type of eco-friendly bottles which are in high demand nowadays.
On the basis of packaging type, the market is segmented as box, bottle, cartons, cans, and others. Only a small percentage of the total manufactured soft drinks is packed in glass bottles as it incurs high transportation and storing cost. The use of glass bottles is reduced because of availability of alternatives like metal cans and PET bottles. Metal cans and PET bottles are lightweight and recyclable and save storage and transportation cost.
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Regional Analysis of Global Soft Drink Packaging Market
On the basis of region, the market is segmented as North America, Europe, Asia Pacific and Rest of the World. In 2017, about 202,400 million liters of soft drinks were sold only in Asia Pacific. The driving factor of increasing market in Asia Pacific is the growing overall population and the population of youth in this region, which results in a huge customer base. Another reason for the growing soft drink market is fast-growing economies. China is a leading country in Asia Pacific because of high population. There is very high demand of soft drinks in Argentina because of warm climatic conditions and higher incomes.
Scope Of Report
The report for Global Soft Drink Packaging Market of Market Research Future comprises extensive primary research findings along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain deeper insight into the market and industry performance. The report gives a clear picture of current market scenario, which includes historical and projected market size in terms of value, technological advancement, macroeconomic and governing factors in the market. The report provides detailed information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
TABLE OF CONTENT
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat of New Entrants
3.1.2 Bargaining Power of Buyers
3.1.3 Bargaining Power of Suppliers
3.1.4 Threat of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain/supply Chain Analysis
4 Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
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