Global Juice Packaging Market: Emergence of Sustainable Packaging Solutions to Offer Lucrative Growth Opportunities

Juice packaging is one of the most prominent segments of the global beverage packaging segments. A report by Transparency Market Research (TMR), titled “Juice Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016–2024,” offers invaluable insights into all the vital parameters of the market. It reviews the competitive scenario of the global juice packaging market using various analytical tools and offers a set of recommendations for both existing and emerging players. It divides the market on the basis of technology and packaging type for a better understanding of market dynamics.

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The increasing consumption of packaged food and beverages worldwide is one of the primary growth stimulants of the global juice packaging market. The widening base of middle-class population in emerging economies and the rising disposable income are translating into the greater uptake of juices, which in turn is stoking the growth of the market. Moreover, the growing popularity of packaging intended for single use is providing a fillip to the global market.

However, stringent government norms pertaining to the usage of plastics in packaging and the increasing carbon footprints during the production of packaging material are impeding the growth of the global juice packaging market. Volatile prices of raw materials are also negatively impacting the growth of the market. Nevertheless, extensive research and development activities for the introduction of sustainable packaging solutions coupled with increasing efforts for product innovation are likely to unfold immense opportunities for the growth of the market. Market participants are increasingly adopting biomaterials and environment-friendly materials for juice packaging.

The report segments the global juice packaging market on the basis of geography into Asia Pacific, North America, Europe, the Middle East and Africa, and Latin America. North America will account for a substantial share in the overall market revenue throughout the forecast period. The growth of the region can be attributed to the booming fast moving consumer goods (FMCG) sector. Europe is poised to register steady growth during the same period.

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Asia Pacific is expected to exhibit a moderate CAGR over the forecast horizon despite being a major contributor to the global packaging industry. However, the juice packaging market in the region is anticipated to gain traction over the coming years, thanks to changing consumer lifestyles and increasing disposable incomes of the populace in developing countries such as India and China.

Some of the prominent companies operating in the global market for juice packaging are Amcor Limited, Ball Corporation, Bemis Company Inc., Smurfit Kappa Group, Tetra Laval International S.A., DS Smith Plc., Evergreen Packaging Inc., International Paper Company, and MeadWestvaco Corporation.

About TMR

TMR is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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This release was published on openPR.