Press release
Soft Drinks Packaging Market Share 2022: Global Key Findings, Industry Demand, Regional Analysis, Key Players Profiles, Future Prospects and Forecasts to 2026
The "Soft Drinks Packaging Market" provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the Market’s growth. The rise in the aviation sector is escalating the growth of the Soft Drinks Packaging Market. Increased adoption of superior technology consisting of synthetic intelligence and system learning, a developing quantity of records and growing utility of records answers through an extensive variety of ends person verticals consisting of banking, economic services, and insurance, authorities and public sector, telecommunications and IT, energy, healthcare and others are the foremost elements as a consequence of the increase of the market.The Global Soft Drinks Packaging Market Size is Projected to Reach at a CAGR of 3.96% during 2022-2026.
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Market Overview:
- The carbonated soft drinks (CSD) market has reached a mature stage in the beverages market. In recent years, it has gone through multiple changes, and this state of flux is expected to continue in the near future. In recent years, consumers are progressively becoming health conscious. Consumers are now spending more on products that keep them refreshed and are safe to consume.
- Consumers prefer healthy products with multiple flavours options into the product. Keeping this in mind, the companies are launching more products to meet these demands. Hence, creating more opportunities for the packaging market of such products.
Key players in the global Soft Drinks Packaging Market covered:
Amcor PLC, Toyo Seikan Group Holdings Ltd, Graham Packaging Company, Ball Corporation, Owens-Illinois Inc., Pacific Can China Holdings Limited, Crown Holdings Incorporated, CAN-PACK SA, CKS Packaging Inc., Refresco Group NV, Tetra Pak Inc., Ardagh Group SA,
Recent Development:
- Mar 2022: CanPack announced the capacity expansion in Colombia and Russia, two growing markets, by more than one billion cans annually. The new expansion comes as beverage companies in Colombia and Russia seek additional capacity for their products, an increase that is driven by both a focus on environmental sustainability, as well as a growth in sales.
- 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.
Market Segmentation by Type:
Plastic
Glass
Paperboard
Metal
Others
Market Segmentation by Application:
Carbonated Soft Drinks (CSDs)
Functional Drinks
Juices
Others
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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, 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.
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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 practises due to the increased pressure from consumer groups, the government, and customers.
- Japanese consumers have the highest per capita spending power in Asia. This, combined with the growing size of its ageing population and the new functional food labelling system, has created an opportunity for premium functional soft drinks products, particularly those with health claims targeting an older demographic.
Table of Contents: Soft Drinks Packaging Market
- Chapter 1: outline of Soft Drinks Packaging marketplace
- Chapter 2: worldwide market reputation and forecast through areas
- Chapter 3: worldwide marketplace popularity and forecast by using types
- Chapter 4: worldwide marketplace repute and forecast by using Downstream enterprise
- Chapter 5: marketplace riding issue evaluation
- Chapter 6: market opposition reputation by major producers
- Chapter 7: essential producers Presentation and market data
- Chapter 8: Upstream and Downstream marketplace investigation
- Chapter 9: Fetched and net part investigation
- Chapter 10: marketplace file end
- Chapter 11: research technique and Reference
We Offer Customization on Report Based on Specific Client Requirement:
–Country Level analysis for any 5 countries of your choice.
–Competitive analysis of any 5 key market players.
–40 analyst hours to cover any other data point.
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