Press release
Soft Drinks Packaging Market To Witness Astonishing Growth – 2026 | Key Players: Amcor Limited, Toyo Seikan Group Holdings Ltd., Graham Packaging Company, Ball Corporation
The Soft Drinks Packaging Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.The soft drinks packaging market was valued at USD 25.37 billion in 2019 and is expected to reach USD 35.43 billion by 2025, at a CAGR of 3.96% over the forecast period 2020 - 2025.
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Top Leading Companies of Soft Drinks Packaging Market are Amcor Limited, Toyo Seikan Group Holdings Ltd., Graham Packaging Company, Ball Corporation, Owens-Illinois Inc, Pacific Can China Holdings Limited, Crown Holdings Incorporated, CAN-PACK S.A., CKS Packaging, Inc., Refresco Group N.V., Tetra Pak, Inc., Ardagh Group S.A. and others.
Key Market Trends:
Plastic to Account for the Largest Market Share
- Consumer preference for plastic packaging in the soft drinks industry has been observed over other products in, as plastic packages are lightweight and more comfortable to handle. Also, the major manufacturers prefer to use plastic packaging solutions, as the cost of production is significantly lower.
- However, the market is expected to face challenges due to government regulations and consumer demand pushing manufacturers to look for packaging solutions that are biodegradable or derived from sustainable sources.
Asia-Pacific to Witness Fastest Growth
- Asia-Pacific is a region with a huge customer base and several fast-growing economies. However, packaging preferences differ considerably from region to region, thus adopting region and application-specific strategies is expected to result in better product movement. Moreover, manufacturers are actively adopting sustainable packaging practices due to the increased pressure from consumer groups, government, and customers.
- Japanese consumers have the highest per capita spending power in Asia. This, combined with the growing size of its aging population and the new functional food labeling system, has created an opportunity for premium functional soft drinks products, particularly those with health claims targeting an older demographic.
Competitive Landscape:
- Mar 2019 - Amcor Limited acquired its rival Bemis Company, Inc. By combining these two market leaders, Amcor aims to create a stronger value proposition for shareholders, customers, employees, and the environment.
- Jun 2018 - Thimonnier innovated a new packaging solution STRAAP, with an aim for reducing packaging wastes by eliminating cap and straw for soft drinks packaging products. The main innovation of the STRAAP is the combination of a protective film on the drinking area and the patented PepUp valve. Its volume is reduced to its content, and therefore needs a minimum of packaging materials, consisting of either a laminated film or a single-material film easily recyclable.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Soft Drinks Packaging Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Soft Drinks Packaging Market (%),2016 - 2026
- Soft Drinks Packaging Market Share, By Brand
- Soft Drinks Packaging Market Share, By Company
- Soft Drinks Packaging Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Soft Drinks Packaging Market Value Analysis & Forecast
- Promising Soft Drinks Packaging Development by Major Companies
- Detailed Soft Drinks Packaging Portfolio of the Major Companies
- Major Deals in the Soft Drinks Packaging Market
- Major Companies Analysis
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https://www.marketinsightsreports.com/reports/01091745645/soft-drinks-packaging-market-growth-trends-and-forecast-2020-2025?Mode=nm
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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