Soft Drinks Packaging Market Driven by increasing demand for the soft drink in the developing countries
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Soft Drinks Packaging - Market Dynamics
There are several factors which contribute to the growth of the soft drinks packaging market. One of the significant factors which participate in the growth of the soft drinks packaging market is increasing demand for the soft drink in the developing countries due to increases in the disposable income of the persons. Metal cans and currently account for a significant share of the total packaging types used for packaging of soft drinks. Metal cans are preferred for the packaging of carbonated soft drinks because of the lightweight and fully recyclable nature. Nowadays, inclination towards the glass bottle for the packaging of soft drinks is reduced because of its alternative options such as PET bottle, which is more compatible for the packaging of the soft drinks. PET bottles are lighter, so it saves the transportation and storage cost, and it is one of the best cost-saving options for the packaging of soft drinks so these are the several reasons for the popularity of PET bottles. The consumer preference towards the freshly prepared products may affect the stagnant growth of the soft drinks packaging market in near future.
Soft Drinks Packaging - Market Segmentation
The soft drinks packaging market is segmented on the basis of material, product type, capacity, and application.
On the basis of material, the soft drinks packaging market is segmented into –
On the basis of product type, the soft drinks packaging market is segmented into –
On the basis of capacity, the soft drinks packaging market is segmented into –
Up to 100 ml
100 to 250 ml
250 to 500 ml
500 to 1000 ml
1000 to 2000 ml
Above 2000 ml
On the basis of application, the soft drinks packaging market is segmented into –
Carbonated soft drinks
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Soft Drinks Packaging Market - Regional outlook
Soft drinks packaging market has been segmented on the basis of the region into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and Latin America. Among these regions, North America and Asia Pacific are expected to collectively dominate the market throughout the forecast period. Latin America and Middle East & Africa are expected to witness sluggish growth during the forecast period. Amongst North America, Europe, and Asia Pacific, Europe is expected to create maximum incremental opportunities in terms of revenue for companies involved in the soft drinks packaging market. However, China and India based soft drinks manufacturers are focusing on creating value-added products that meet consumer desires for flavourful, functional and healthy products.
Soft Drinks Packaging Market - Key players
Few of the key players identified across the globe in the soft drinks packaging market are Amcor Ltd., Pacific Can China Holdings Limited, CAN-PACK S.A., Tetra Pak Inc., Graham Packaging Company, Bemis Company Inc., CKS Packaging, Inc., Crown Cork & Seal Co Inc. etc.
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