Segmental Analysis
The global Soft Drinks Packaging Market Size has been segmented on the basis of material, packaging type, application, and region.
By mode of packaging type, the global Soft Drinks Packaging Market Size has been segmented into bottle, box, cans, cartons, and others.
Among these, glass bottles are the least used mode of packaging. A small percentage of the total manufactured soft drinks is packed in glass bottles owing to its high storing and transportation cost. Metal cans and PET bottles have replaced the use of glass bottles as they are light in weight saves storage and transportation cost, and are recyclable.
By mode of application, the global Soft Drinks Packaging Market Size has been segmented into functional drinks, carbonated soft drinks, juices, and others. Among these, consumers are predicted to shift towards functional drinks owing to the increasing health conscious population.
Regional Insights
Geographically, the Soft Drinks Packaging Market Size span across regions namely, Europe, North America, Asia Pacific, and Rest-of-the-World (RoW).
Among all the regions, the Asia Pacific region is considered to dominate the global Soft Drinks Packaging Market Sizeowing to the increasing number of soft drinks consumers in this region. Also, low production cost due to easy availability of inexpensive technical labor, high disposable income, and high population are some of the driving factors of the market.Moreover, with the emergence of local players across countries, the competition among the global players have increased which is further propelling the market growth. Also, adoption of innovative packaging creates huge opportunities for the manufactures to increase their foothold.
Industry Updates
January 2018: Coca-Cola had recently announced their plan to collect and recycle 100% of it’s packaging by the end of 2030. The company is also planning to reshape its approach to packaging and recycling. It is presumed that Coca-Cola produces 110 billion single-use plastic bottles every year. This is anticipated to impact the virgin packaging providers, and other beverage producers are also expected to follow the trend.
Competitive Dashboard
The prominent players operating the global Soft Drinks Packaging Market Size are Mondi Group (South Africa), Ball Corporation (U.S.), Graham Packaging Company (U.S.), CKS Packaging Inc. (U.S.), Owens-Illinois Inc. (U.S.), AptarGroup Inc. (U.S.), Bemis Company Inc. (U.S.), Tetra Pak International S.A. (Switzerland), CAN-PACK S.A. (Poland), Allied Glass Containers (U.K.), Amcor Ltd. (Australia), Crown Holdings Inc. (U.S.), and Ardagh Group Inc. (Luxembourg).
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