|10-11-2018 08:22 PM CET - Business, Economy, Finances, Banking & Insurance||
Juice Packaging Market Forecast 2017-2024 Global Players - Amcor Ltd., Mondi plc, Plastipak Holdings, Inc., Ball Corporation, Bemis Company, Inc., Sonoco Products Company
Press release from: Global Market Insights, Inc.
Global Juice Packaging Market is expected to witness a significant growth in the forecast timespan. There are numerous factors which have impacted the product market. Packaging has been an integral part of every industry, particularly in the food and beverage industry. The rising consumer awareness about health and wellness has propelled the packaging industries to find healthier alternatives for packaging. Upsurge in the production of eco-friendly packaging material will also lead to the market growth. Governments have encouraged the use of eco-friendly materials which has fueled the market growth.
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The increasing disposable income of people and trend of nuclear families has resulted into an augmented demand for healthy packaging options. The key driver behind the market growth is the escalating demand from the developing economies. Juice consumption has greatly increased in countries such as China and India, which will favorably affect the market. The trend of sustainable packaging is intensifying globally, which will propel the juice packaging market. Technological advancements and innovations in raw materials have also boosted the packaging industry.
The changing consumer lifestyle has enhanced the demand of packaged juices. The market has charted a significant growth trajectory due to the ease of availability and consumption of packaged juices. The shelf life of juices is extended with packaging ensuring healthy consumption. Juice packaging is done according to the safety and health regulations which has ensured hygienic conditions under which packaging is done. The manufacturers have constantly been engaged in producing attractive packaging, which has further driven the industry.
However, there are some restraints which can affect the juice packaging market adversely. The fluctuating costs of raw materials and government constraints on the use of plastics for juice packaging can hinder the growth of the market. Environmental impact from the carbon footprint produced while manufacturing of packaging material can also hamper the market growth. Costs involved in the transportation of raw materials can impede the market growth.
Packaging ensures protection of juices from contaminants such as dust, germs and other environmental factors such as moisture, heat, etc. It provides tampering resistance and aids in secure and reliable transportation of products. It reduces damage after production and helps in safe distribution of the products across the value chain. PET bottles, glass and cartons are widely used for packaging of juices. The principal factors considered during packaging of juices are aroma barrier, gas barrier and light barrier, to maintain the quality of the product.
The juice packaging market can be segmented into raw materials, technology, opening type, packaging type and regions. Based on raw materials, the market can be divided into cardboard, glass, brick carton, plastic and metal. Plastic is the most common type of material used for packaging of juices. Based on technology, the juice packaging industry can be classified as hot filling process, blow-fill-seal process and aseptic filling process. On the basis of opening type, the market can be segmented into clip opening, straw hole opening and lid opening. Based on packaging type, the market can be bifurcated into flexible packaging and rigid packaging. Flexible packaging includes pouches and bag-in-box packaging. Rigid packaging includes cans, cartons and bottles.
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Based on region, the market can be segmented into North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. U.S. has the major market share owing to the huge consumption of packaged juices. The market in Europe is also expected to grow at a robust rate. The consumption of packaged juices has been remarkably increased in Asia Pacific, which will drive the market growth.
There are several players in the juice packaging market due to the high competition and presence of local and international suppliers. Some of them are Amcor Ltd., Mondi plc, Plastipak Holdings, Inc., Ball Corporation, Bemis Company, Inc., Sonoco Products Company, Smurfit Kappa Group, Silgan Holdings Inc., Tetra Pak International S.A., D.S. Smith plc, Ardagh Group, Graham Packaging Company, Printpack, Inc., CKS Packaging, Inc., Packman Industries, Genpak, LLC, etc.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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This release was published on openPR.
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