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Overview of the soft drinks packaging market
Technavio’s soft drinks packaging market research report predicts the global soft drinks packaging market to grow steadily at a CAGR of more than 3% during the forecast period. The rising consumption of soft drinks in developing countries like China, Brazil, Mexico, and Eastern European countries is driving the soft drinks packaging market globally. Moreover, the consumption of soft drinks, primarily functional drinks, has increased owing to the introduction of a broad range of option in these untapped markets and a rise in disposable income of the people. Furthermore, the booming growth of the global food and beverage industry will translate into the growth of the soft drinks packaging market during the forecast period.
In this soft drinks packaging market analysis report, the analysts estimated factors such as the increasing focus on improving and redesigning of the packaging material to spur the growth of the soft drinks packaging market until the end of 2020. The R&D departments of metal packaging vendors are looking to transform the packaging by making it lightweight and easy to carry. They use different methodologies to analyze and monitor improvements by tracking changes in the average total weight of packaging. Reducing the weight of the packaging material to light configurations help vendors cut down transportation expenses. For example, Ball introduced lighter weight aerosol cans in Europe that are made of 25% recycled aluminum and are 10% lighter than conventional cans. With the introduction of lightweight cans, the company estimates that it can reduce its use of aluminum by almost 19,000 tons each year.
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Segmentation by application and analysis of the soft drinks packaging market
Carbonated soft drinks (CSDs)
During 2015, the global CSD packaging segment dominated the soft drinks packaging market and accounted for nearly 52% of the market share. However, the demand for CSD packaging is expected sluggish growth during the forecast period. With an increasing number of consumers turning health conscious, they are more inclined toward functional and health drinks that are non-carbonated. As a result, low demand for CSDs will slow down the growth of this market segment during the forecast period.
Geographical segmentation and analysis of the soft drinks packaging market
In this soft drinks packaging market forecast report, the analysts have estimated the Americas to be the largest soft drinks packaging market during the forecast period. Factors such as the presence of many beverage and soft drink companies is expected to account to approximately USD 10 billion until the end of 2020.
Competitive landscape and key vendors
The global soft drinks packaging market is highly competitive owing to the presence of many big and small vendors involved in the soft drinks packaging market. Several new vendors are emerging in the market, but they find it tough to compete with international vendors in terms of features, functions, and services. The competitive environment is expected to intensify with an increase in product extensions, innovations in technology, an increase in product extensions, and M&A.
Key vendors in this market are -
Other prominent vendors analyzed in this report are Allied Glass Containers, Aptargroup, Ardagh, Bemis, Can-Pack, CCL Industries, CKS Packaging, DS Smith, Evergreen Packaging, Genpak, Mondi Group, Owens-Illinois (O-I), Silgan Holdings, Sonoco Products, and Stora Enso.
Key questions answered in the report include
What will the market size and the growth rate be in 2020?
What are the key factors driving the global soft drinks packaging market?
What are the key market trends impacting the growth of the global soft drinks packaging market?
What are the challenges to market growth?
Who are the key vendors in global soft drinks packaging market?
What are the market opportunities and threats faced by the vendors in the global soft drinks packaging market?
Trending factors influencing the market shares of the Americas, APAC, and EMEA.
What are the key outcomes of the five forces analysis of global soft drinks packaging market?
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