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The infographic below contains key findings from our analysis of the non-alcoholic beverage packaging market
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Research analysis on the global non-alcoholic beverage packaging market identifies that the rising popularity of adult soft drinks will be one of the major factors that will have a positive impact on the growth of the market. Technavio's market research analysts predict that this market will grow at a CAGR of more than 5% by 2021. Adult soft drinks are increasingly gaining popularity among alcohol drinkers and traditional soft drink consumers. These drinks do not contain alcohol and act as a feasible alternative to alcohol, since they are more sophisticated and are a premium alternative to regular soft drinks. Many people are choosing premium soft drinks in bars and pubs. The popularity of adult soft drinks is also driven by the Scottish government when it introduced a lower drink drive limit in 2014. The imposition of such reforms across the country will significantly lower alcohol consumption and raise demand for adult soft drinks during the forecast period. As a result, the demand for non-alcoholic beverage packaging such as glass bottles will significantly increase during the forecast period. This will lead to the growth of glass bottle packaging market.
The rising focus on consumer convenience is one of the key trends that will contribute to the growth of this market in the forthcoming years. The companies in the beverages industry are constantly trying to innovate to provide increased consumer convenience. The innovation includes the addition of different functionalities to ease out the process of product use. Berlin Packaging came up with custom designed packaging for Torani Smoothie Mix. The company redesigned the Torani package with a new closure that has a built-in venting feature, which enables a controlled pour. In addition to increasing the popularity of Torani, the new design is also improving the productivity of bartenders.
The non-alcoholic beverage packaging market is highly competitive due to the presence of many international vendors. Though numerous glass bottle packaging market are emerging in this market, they are finding it difficult to compete with the international vendors in terms of quality, durability, and reliability. The players in this market are constantly focusing on innovations to attract customers and increase their market shares.
The leading vendors in the market are -
The other prominent vendors in the market are Allied Glass, AptarGroup, Ardagh Group, Can Pack Group, CCL, CKS Packaging, Evergreen Packaging, Genpak, HUBER Packaging, International Paper, Kian Joo, Mondi, Parksons, Silgan Holdings, and Tetra Pak.
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During 2016, the plastic segment accounted for the major shares of the non-alcoholic beverage packaging market. The lightweight and low cost of the material are major factors that will contribute to the growth of this industry segment in the coming years.
This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the market throughout the forecast period. The increasing disposable income and people's preferences toward bottled and canned water instead of tap water in emerging countries is driving the market's growth in the region.
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Non-alcoholic beverages are those beverages that do not have alcohol content. This upcoming research report on the global non-alcoholic beverage packaging market offers insights into the major trends and forthcoming drivers influencing the growth of the transportation and logistics industry. Our reports for the transportation and logistics industry also follow an extensive research method and presents an analysis of the fast-growing market segments like the packaging.
To precisely predict the packaging industry's future prospects, our market research analysts follow a corroborative approach of primary and secondary research methods. This approach largely constitutes of numerous webinar sessions coupled with an extensive study of industry journals and publications. Also, by taking into account the market forecast, size, and surging demand for various segments in the packaging sector, the market research professionals at Technavio present an all-inclusive picture of the non-alcoholic beverage packaging market for the period of 2017 to 2021.
This forthcoming market research report on the non-alcoholic beverage packaging market also covers vendors like?Amcor, Ball,?Crown, Owens-Illinois, and Bemis. Furthermore, our research practices support clients to develop impactful growth strategies and keep pace with the continually changing market dynamics. This market research report also presents an extensive analysis of various products and services based on the insights from the information gathered from specific resources such as channel partners and market stakeholders.
The upcoming industry research report on the non-alcoholic beverage packaging market also categorizes the major drivers, key trends, along with the imminent restraints that the packaging sector currently experiences. This upcoming report on the non-alcoholic beverage packaging market also presents insights into the rapidly changing competitive landscape to give clients a complete picture of the forthcoming events within the transportation and logistics industry. Technavio also presents in-depth market assessments into the sectors such as logistics and tags and labels.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by packaging material
PART 07: Geographical segmentation
PART 08: Key leading countries
PART 09: Decision framework
PART 10: Drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Key vendor analysis
PART 14: Appendix
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