Soft Drinks Packaging Industry: A Potential Market to Invest During the Forecast 2019-2024
Latest Report Available at Arcognizance.com Global “Soft Drinks Packaging Market” Report provides pin-point analysis for changing competitive dynamics and a forward looking perspective on different factors driving or restraining industry growth.
(EMAILWIRE.COM, June 26, 2019 ) The soft drinks packaging market is expected to witness a CAGR of 3.96%, during the forecast period of 2019-2024. The soft drinks are generally non-alcoholic beverage drinks which contain carbonated air, added flavors, and ingredients. The new trend towards healthy and natural content drinks is gaining the market share.
- The carbonated soft drinks (CSD) market has reached a mature stage in the beverages market. In recent years it has gone through multiple changes, and this state of flux is expected to continue in the near future. In recent years, consumers are progressively becoming health-conscious. Consumers are now spending more on products that keep them refreshed and are safe to consume.
- Consumers prefer healthy products with multiple flavors option into the product. Keeping this in mind, companies are launching more products to meet these demands. Hence, creating more opportunities for the packaging market of such products.
- The economies of developing countries like China and India are growing, which is creating an increase in disposable income across the population. Consumers are now demanding more of ready-to-use packaged drinks.
- However, stringent government restrictions over the use of non-biodegradable plastics are restricting companies on other environment-friendly packaging materials. These products are limiting the profit margin due to higher cost and ultimately affecting the overall soft drink packaging market.
Scope of the Report
The demand for advanced 100% recyclable packaging solutions is increasing. Also, awareness about the hazardous packaging products among the consumers is growing. The scope of the study for soft drinks packaging market has considered the types of packaging made of different materials and products offered by companies globally.
Request a sample of Soft Drinks Packaging Market report @ http://www.arcognizance.com/enquiry-sample/454038
Key Market Trends
Plastic to Account for the Largest Market Share
- Consumer preference for plastic packaging in the soft drinks industry has been observed over other products in, as plastic packages are lightweight and more comfortable to handle. Also, the major manufacturers prefer to use plastic packaging solutions, as the cost of production is significantly lower.
- However, the market is expected to face challenges due to government regulations and consumer demand pushing manufacturers to look for packaging solutions that are biodegradable or derived from sustainable sources.
- Furthermore, a significant amount of plastic products are being recycled & reused in recent years. Also, the variety of plastics available for packagings, such as PVC, PE, PP, PS, PET, and nylon is one of the reasons contributing to the market share of this segment. According to the British Soft Drinks Association, out of total carbonated soft drinks consumed in 2017, 59% of drinks were packaged with plastic material and followed by metal.
- Coca-cola has revealed that it has used three million tonnes of plastics in the year 2017. Hence, with the average weight of 10 grams a bottle, it employed 300 million plastic bottles in that year. Even though the sales of carbonated drinks is towards the declining trend, the use of plastic for other soft drinks offered by different players has multiplied over the years.
- Polyethylene terephthalate (PET) bottles are expected to witness steady demand from consumers during the forecast period.
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 2018, its sales grew by 30% in India and this trend is expected to continue in the forecasted period 2019-2024.
- Countries like India and China are showing rapid urbanization and currently with 33% and 51% urban population respectively. With the urbanization, growing disposable income is creating demand for soft drink products and hence affecting the soft drinks packaging market.
Access this report of Soft Drinks Packaging Market @ http://arcognizance.com/report/soft-drinks-packaging-market-growth-trends-and-forecast-2019-2024
Competitive Landscape
The availability of several players providing soft drinks packaging solutions has intensified the competition in the market. Therefore, the market is moderately fragmented, with many companies developing expansion strategies.
- Mar 2019 - Amcor Limited acquired its rival Bemis Company, Inc. By combining these two market leaders, Amcor aims to create a stronger value proposition for shareholders, customers, employees, and the environment.
- Jun 2018 - Thimonnier innovated a new packaging solution STRAAP, with an aim for reducing packaging wastes by eliminating cap and straw for soft drinks packaging products. The main innovation of the STRAAP is the combination of a protective film on the drinking area and the patented PepUp valve. Its volume is reduced to its content, and therefore needs a minimum of packaging materials, consisting of either a laminated film or a single-material film easily recyclable.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- Report customization as per the client's requirements
- 3 months of analyst support
Buy The Report @ http://www.arcognizance.com/purchase/454038
Major Point of TOC:
Chapter One: INTRODUCTION
Chapter Two: RESEARCH METHODOLOGY
Chapter Three: EXECUTIVE SUMMARY
Chapter Four: MARKET DYNAMICS
Chapter Five: MARKET SEGMENTATION
Chapter Six: Competitive Landscape
Chapter Seven: INVESTMENT ANALYSIS
Chapter Eight: MARKET OPPORTUNITIES AND FUTURE TRENDS
Request a sample of Soft Drinks Packaging Market report @ http://www.arcognizance.com/enquiry-sample/454038
About Us:
www.arcognizance.com is an initiation in this new era of “analysis @ thought.” We are on a mission to replace the conventional research programs and give way to the latest methods and information for the organizations. We have created this hub of analytical research papers where you can get an access to the latest and the best research papers coming out from some reliable and budding research houses. After the advent of “new analytics based on the data collection facilities of big data, the face of business research facilities has changed drastically. With ARC our experts have created a bookshelf where you can check out the research reports that are an outcome of the progression of knowledge in various industry sectors. Alongside you can also check some research papers, market reports, and forecasts that are talking about the out of the box developments in the market.
Contact US:
Name: Analytical research cognizance
Address: 100 Church Street,
8th floor, Manhattan,
New York 10007
Phone: +1 (646) 434-7969 +91 90967 44448
Email: enquiry@arcognizance.com
- The carbonated soft drinks (CSD) market has reached a mature stage in the beverages market. In recent years it has gone through multiple changes, and this state of flux is expected to continue in the near future. In recent years, consumers are progressively becoming health-conscious. Consumers are now spending more on products that keep them refreshed and are safe to consume.
- Consumers prefer healthy products with multiple flavors option into the product. Keeping this in mind, companies are launching more products to meet these demands. Hence, creating more opportunities for the packaging market of such products.
- The economies of developing countries like China and India are growing, which is creating an increase in disposable income across the population. Consumers are now demanding more of ready-to-use packaged drinks.
- However, stringent government restrictions over the use of non-biodegradable plastics are restricting companies on other environment-friendly packaging materials. These products are limiting the profit margin due to higher cost and ultimately affecting the overall soft drink packaging market.
Scope of the Report
The demand for advanced 100% recyclable packaging solutions is increasing. Also, awareness about the hazardous packaging products among the consumers is growing. The scope of the study for soft drinks packaging market has considered the types of packaging made of different materials and products offered by companies globally.
Request a sample of Soft Drinks Packaging Market report @ http://www.arcognizance.com/enquiry-sample/454038
Key Market Trends
Plastic to Account for the Largest Market Share
- Consumer preference for plastic packaging in the soft drinks industry has been observed over other products in, as plastic packages are lightweight and more comfortable to handle. Also, the major manufacturers prefer to use plastic packaging solutions, as the cost of production is significantly lower.
- However, the market is expected to face challenges due to government regulations and consumer demand pushing manufacturers to look for packaging solutions that are biodegradable or derived from sustainable sources.
- Furthermore, a significant amount of plastic products are being recycled & reused in recent years. Also, the variety of plastics available for packagings, such as PVC, PE, PP, PS, PET, and nylon is one of the reasons contributing to the market share of this segment. According to the British Soft Drinks Association, out of total carbonated soft drinks consumed in 2017, 59% of drinks were packaged with plastic material and followed by metal.
- Coca-cola has revealed that it has used three million tonnes of plastics in the year 2017. Hence, with the average weight of 10 grams a bottle, it employed 300 million plastic bottles in that year. Even though the sales of carbonated drinks is towards the declining trend, the use of plastic for other soft drinks offered by different players has multiplied over the years.
- Polyethylene terephthalate (PET) bottles are expected to witness steady demand from consumers during the forecast period.
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 2018, its sales grew by 30% in India and this trend is expected to continue in the forecasted period 2019-2024.
- Countries like India and China are showing rapid urbanization and currently with 33% and 51% urban population respectively. With the urbanization, growing disposable income is creating demand for soft drink products and hence affecting the soft drinks packaging market.
Access this report of Soft Drinks Packaging Market @ http://arcognizance.com/report/soft-drinks-packaging-market-growth-trends-and-forecast-2019-2024
Competitive Landscape
The availability of several players providing soft drinks packaging solutions has intensified the competition in the market. Therefore, the market is moderately fragmented, with many companies developing expansion strategies.
- Mar 2019 - Amcor Limited acquired its rival Bemis Company, Inc. By combining these two market leaders, Amcor aims to create a stronger value proposition for shareholders, customers, employees, and the environment.
- Jun 2018 - Thimonnier innovated a new packaging solution STRAAP, with an aim for reducing packaging wastes by eliminating cap and straw for soft drinks packaging products. The main innovation of the STRAAP is the combination of a protective film on the drinking area and the patented PepUp valve. Its volume is reduced to its content, and therefore needs a minimum of packaging materials, consisting of either a laminated film or a single-material film easily recyclable.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- Report customization as per the client's requirements
- 3 months of analyst support
Buy The Report @ http://www.arcognizance.com/purchase/454038
Major Point of TOC:
Chapter One: INTRODUCTION
Chapter Two: RESEARCH METHODOLOGY
Chapter Three: EXECUTIVE SUMMARY
Chapter Four: MARKET DYNAMICS
Chapter Five: MARKET SEGMENTATION
Chapter Six: Competitive Landscape
Chapter Seven: INVESTMENT ANALYSIS
Chapter Eight: MARKET OPPORTUNITIES AND FUTURE TRENDS
Request a sample of Soft Drinks Packaging Market report @ http://www.arcognizance.com/enquiry-sample/454038
About Us:
www.arcognizance.com is an initiation in this new era of “analysis @ thought.” We are on a mission to replace the conventional research programs and give way to the latest methods and information for the organizations. We have created this hub of analytical research papers where you can get an access to the latest and the best research papers coming out from some reliable and budding research houses. After the advent of “new analytics based on the data collection facilities of big data, the face of business research facilities has changed drastically. With ARC our experts have created a bookshelf where you can check out the research reports that are an outcome of the progression of knowledge in various industry sectors. Alongside you can also check some research papers, market reports, and forecasts that are talking about the out of the box developments in the market.
Contact US:
Name: Analytical research cognizance
Address: 100 Church Street,
8th floor, Manhattan,
New York 10007
Phone: +1 (646) 434-7969 +91 90967 44448
Email: enquiry@arcognizance.com
Contact Information:
Analytical Research Cognizance
Avanti dengale
Tel: 16464347969
Email us
----
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Analytical Research Cognizance
Avanti dengale
Tel: 16464347969
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results