Soft Drinks Packaging Market will reach at $ 45.4 bn by 2032 at CAGR 12.34 % Booming Worldwide With Leading Key Players -Amcor, Ball, Crown Holding, Graham Packaging Company, Ball Corporation, Owens-Illinois, Tetra Laval International, Allied Glass Contai
Recession is going to hit soon badly, know your market well.
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.
According to Red Bull, in 2019 , its sales grew by 37% in India and this trend is expected to continue in the forecasted period, 2020-2025.
Get an Exclusive Sample of Report on the Soft Drinks Packaging market is available : https://www.mraccuracyreports.com/report-sample/551588
"The Global Soft Drinks Packaging Market size was estimated at a reasonable million USD in 2021 and expected to reach a healthy million USD in 2022, and is projected to grow at a steady CAGR to get a prominent million USD by 2027."
The market was studied across External Soft Drinks Packaging and Internal Soft Drinks Packaging based on Category. Report provides a basic overview of the industry including definitions, classifications, applications and Soft Drinks Packaging industry chain structure. Top Companies in this report are: Amcor, Ball, Crown Holding, Graham Packaging Company, Ball Corporation, Owens-Illinois, Tetra Laval International, Allied Glass Containers, Amcor, DS Smith, Sonoco Products, Mondi Group, CCL Industries, CKS Packaging
Based on the packaging type
The soft drink packaging market has been segmented based on the packaging type and includes others like boxes, bottles, cartons, cans, and others.
Based on the regional segmentation of the soft drinks packaging market value, the global market has been segmented in regions like North America, Europe, Asia Pacific, and the Rest of the World. In 2017, about 202,400 million liters of soft drinks were sold only in the Asian Pacific region that is home to countries like India, China, Japan, Korea, and others. The driving factor of the increasing market size in the Asian Pacific region is witnessing an increase in the growth of the overall population and the population of youth in this region, which results in a wide degree of expansion in the huge customer base. Another reason for the growing soft drink market is the fast-growing economies in the global market premises. China is emerging as a leading country in the Asia Pacific because of its high population. There is a very high demand for soft drinks in countries like Argentina because of warm climatic conditions and higher incomes.
Plastic packaging is known to be light weighted and hence, is easy to handle which influences the demand positively. As a part of the market segments, the plastic packaging segment will soar high as the period commences and move towards its conclusion. With the increasing degree of environmental awareness, the target consumers are getting increasingly inclined to make wide use of biodegradable and eco-friendly plastics.
PET bottles that are made up of a plastic resin chemically are known as polyethylene terephthalate. These are one such type of eco-friendly bottles which are in high demand nowadays and will likely be striving for a better marketing degree of the market during the forecast period that will be ending in 2028.
Only a small percentage of the total manufactured soft drinks that are being demanded by various consumer groups is packed in glass bottles. This is a good and preferred choice as it incurs a higher degree of transportation and storage cost. The rising use of glass bottles is likely to be reduced because of the availability of alternatives like metal cans and PET bottles. Further, market products like metal cans and PET bottles are lightweight and recyclable and save storage and transportation cost.
The soft drink packaging market report covers various market aspects and aims to conduct an in-depth market analysis to understand the patterns for growth and expansion during the forecast period that will be ending in 2028. The report helps in understanding the impact of the pandemic outbreak on the market and the steps that have been undertaken to solve the impact and improve the condition of the market.
Soft Drinks Packaging Market Segmentation by Type:
Plastic, Glass, Paperboard, Metal.
Soft Drinks Packaging Market Segmentation by Application:
Carbonated Soft Drinks (CSDs), Functional Drinks, Juices
Continuous Product Developments by The Key Market Players
The industry participants' ongoing product innovations will be the main driving force behind the soft drink market. Players constantly innovate their products' ingredients, formulations, packaging, and other features to boost sales. As an illustration, PepsiCo introduced three new cola tastes in April 2019: Pepsi Lime, Pepsi Berry, and Pepsi Mango. These tastes were said to reduce the amount of sugar in the drinks by around 50%. Thus, it is anticipated that the market for soft drinks will be driven in the following years by new product introductions that take target customers' health requirements into account.
Fast Food Restaurants Offer Less Expensive Meals with A Higher Value
One of the major factors driving the expansion of the carbonated soft drink market in numerous regions is the fast-food industry. Many fast-food restaurants, like McDonald's, Domino's, Pizza Hut, Subway, Burger King, and a host of others, provide meals with minimal prices that are of excellent value. Most of these meals come with a drink, which is typically a soft drink. The lengthy practice of consuming and savouring their food more is why fast-food restaurants serve soft beverages. The flavour of fast food is enhanced when it is served with a suitable beverage, such as a soft drink. It has been found that eating fast food alone causes a temporary obstruction in the food pipe.
Access full Report Description, TOC, Table of figures, Chart, etc.: https://www.mraccuracyreports.com/reportdetails/reportview/551588
The global market for soft drinks is anticipated to reach USD 621.66 billion by 2030 at a CAGR of 5.23%.
The global soft drinks market is divided into four parts based on product, flavour, distribution channel and region. Further, based on product, the market is bifurcated into Carbonated and Non-carbonated soft drinks. The non-carbonated soft drinks market is expected to grow at a significant CAGR.
According to flavour, the market is divided into Cola, Citrus, and Others. The cola segment accounts for more than half of the global market.
Based on the distribution channel, the market is segmented into Hypermarkets, Supermarkets &, Mass Merchandisers, Convenience Stores & Gas Stations, Food Service Outlets, Online Stores & D2C, and Others. The hypermarkets, supermarkets &, and mass merchandisers segment accounts for the largest market share.
The market is divided into North America, Europe, Asia-Pacific, Central & South America and the Middle East & Africa based on region. North America dominates the market.
Some of the key players contributing majorly to the soft drinks market are
Monster Beverage Corp.
Refresco Group BV
Red Bull GmbH
Suntory Holdings Ltd.
The Coca-Cola Co.
Keurig Dr Pepper Inc.
The Kraft Heinz Co.
ANADOLU GRUBU A.Åž.
JONES SODA CO
National Beverage Corp.
SODASTREAM INTERNATIONAL LTD.
The report answers questions such as:
What is the Soft Drinks Packaging market size and forecast of the Global Market?
What are the inhibiting factors and impact of COVID-19 shaping the Global Soft Drinks Packaging Market during the forecast period?
Which products/segments/applications/areas to invest in over the forecast period in the Global Soft Drinks Packaging Market?
What modes and strategic moves are suitable for entering the Global Soft Drinks Packaging Market?
Direct Purchase this Market Research Report Now @ https://www.mraccuracyreports.com/checkout/551588
If you have any special requirements, please let us know and we will offer you the report as you want.
Call Us - UK +44 7452119323
USA +1 8045001224
Email us - firstname.lastname@example.org
30 Crawley Lane, West Sussex, RH10 7EG, United Kingdom
3351 Green Turtle Rd, Regina, SK S4V 3N6, Canada
MR Accuracy Reports is a Market Research and consulting company that accomplishes requirement of research agencies,small, medium and large corporations, global business leaders, government organizations,
SME's, Individual & Start-ups, top management consulting firms.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Soft Drinks Packaging Market will reach at $ 45.4 bn by 2032 at CAGR 12.34 % Booming Worldwide With Leading Key Players -Amcor, Ball, Crown Holding, Graham Packaging Company, Ball Corporation, Owens-Illinois, Tetra Laval International, Allied Glass Contai here
News-ID: 2753189 • Views: …
More Releases from MR ACCURACY REPORTS
Butylated Triphenyl Phosphate Market Is Thriving Worldwide- ExxonMobil, Lyondell …
A market study Global examines the performance of the Butylated Triphenyl Phosphate 2023. It encloses an in-depth analysis of the Butylated Triphenyl Phosphate state and the competitive landscape globally. The Global Butylated Triphenyl Phosphate can be obtained through the market details such as growth drivers, latest developments, Butylated Triphenyl Phosphate business strategies, regional study, and future market status. The report also covers information including Butylated Triphenyl Phosphate industry latest opportunities
Agricultural Lubricants Market is expected to reach a value of USD 1,721,231.5 M …
Latest Updated Report 2023, The Global Agricultural Lubricants Market to Growing A CAGR of 14.6% during forecast period of 2023-2032. The Market is segmented by Global Agricultural Lubricants Market Breakdown by Application (Engines, Gear & Transmission, Hydraulics, Greasing, Implements) by Type (Mineral Lubricants, Synthetic Lubricants, Bio-based Lubricants) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The Agricultural Lubricants Market 2023 Report makes available the current and forthcoming technical
Pyroelectric Detector Market 2031 Growth Drivers along with Top Players- Excelit …
The Pyroelectric Detector report is an in-depth examination of the global Pyroelectric Detector's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global Pyroelectric Detector industry, as well as market segmentation, competition, and the macroeconomic climate. A complete Pyroelectric Detector analysis takes into account a number of aspects, including a country's population and business cycles, as well as market-specific microeconomic
Plastic Fillers Market is booming Globally with Top key players-Evonik Industrie …
A market study Global examines the performance of the Plastic Fillers 2023. It encloses an in-depth analysis of the Plastic Fillers state and the competitive landscape globally. The Global Plastic Fillers can be obtained through the market details such as growth drivers, latest developments, Plastic Fillers business strategies, regional study, and future market status. The report also covers information including Plastic Fillers industry latest opportunities and challenges along with the
More Releases for Drinks
Global Energy Drinks Market, Global Energy Drinks Industry, Covid-19 Impact Glob …
An energy drink is a type of drink comprising stimulant compounds, primarily caffeine, which is promoted as conveying mental and physical stimulation. They may or may not be carbonated and may also comprise, sugar and several other sweeteners, herbal extract, amino acids and taurine. They are a subset of the greater group of the energy products, which comprise gels and bars, and distinct from the sports drinks, which are advertised
United Kingdom (UK) Beverages Consumption Market Trends and Forecasts Tracker (D …
HTF Market Intelligence released a new research report of 60 pages on title 'United Kingdom (UK) Beverages Consumption Trends and Forecasts Tracker, Q1 2021 (Dairy and Soy Drinks, Alcoholic Drinks, Soft Drinks and Hot Drinks)' with detailed analysis, forecast and strategies. The market Study is segmented by key a region that is accelerating the marketization. The study is a perfect mix of qualitative and quantitative Market data collected and
Isotonic Drinks Market - Coca-Cola,Bisleri,Pepsico,Extreme Drinks
This report studies the global Isotonic Drinks market status and forecast, categorizes the global Isotonic Drinks market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, India, Southeast Asia and other regions (Central & South America, and Middle East & Africa). The global Isotonic Drinks market is valued at million US$ in 2017 and will reach million
Functional Drinks Market Report 2018: Segmentation by Product (Hydration Drinks, …
Global Functional Drinks market research report provides company profile for Archer Daniels Midland (ADM), Campbell Soup, Coca-Cola, Danone, Del Monte Pacific, Dr. Pepper Snapple Group and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc.
Caffeine-based Drinks Market Report 2018: Segmentation by Product (Carbonated dr …
Global Caffeine-based Drinks market research report provides company profile for PepsiCo, Red Bull, THE COCA-COLA COMPANY, DR PEPPER SNAPPLE GROUP, Monster Energy Company, Nestle and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The
Global Functional Drinks Sales Market For 2017: By Product Types - Hydration dri …
Researchmoz added Most up-to-date research on "Global Functional Drinks Sales Market For 2017: By Product Types - Hydration drinks, Rejuvenation drinks, Health & Wellness drinks & Weight Management drinks" to its huge collection of research reports. This report studies sales (consumption) of Functional Drinks in Global market, especially in United States, China, Europe and Japan, focuses on top players in these regions/countries, with sales, price, revenue and market share for each