About the Fruit Juice Packaging Market
Fruit juice packaging provides product support, protection from external environmental factors, and tampering resistance. Fruit juice packaging aids in the reliable distribution of the product among the value chain and reduces post-production damage. Glass, plastic, and carton are commonly used packaging formats for fruit juices.
Technavio’s analysts forecast the global fruit juice packaging marketto grow at a CAGR of 3.21% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global fruit juice packaging market for 2016-2020. To calculate the market size, the report takes into account the total revenue generated from different regions.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Fruit Juice Packaging Market 2016-2020
Technavio recognizes the following companies as the key players in the global fruit juice packaging market: Amcor, Ball, Bemis, Crown Holdings, Smurfit Kappa, and Tetra Laval.
Other Prominent Vendors in the market are: Ardagh Group, Can-Pack, CCL Industries, CKS Packaging, DS Smith, Evergreen Packaging, Genpak, International Paper, MeadWestvaco, Mondi Group, Owens-Illinois, Plastipak Packaging, Printpack, Silgan Holdings, Sonoco Products, and Stora Enso.
Commenting on the report, an analyst from Technavio’s team said: “A key trend influencing market growth is the increased use of sustainable packaging. Manufacturers in the fruit juice packaging industry not only develop products to preserve packed fruit juice but also aim to protect its nutritional value. Companies such as Nestlé, PepsiCo, Coca-Cola, ConAgra Foods, and Cadbury also prefer packaging materials that are eco-efficient.”
According to the report, a key driver of market growth is the growing demand from developing countries. Fruit juice consumption is high in the growing economies such as India and China in APAC, which is driving the market growth. In 2014, China accounted for 13.6% of the global juice market in terms of revenue.
Further, the report states that one challenge that could impede market growth is the variation in the cost of raw materials.
Amcor, Ball, Bemis, Crown Holdings, Smurfit Kappa, Tetra Laval, Ardagh Group, Can-Pack, CCL Industries, CKS Packaging, DS Smith, Evergreen Packaging, Genpak, International Paper, MeadWestvaco, Mondi Group, Owens-Illinois, Plastipak Packaging, Printpack, Silgan Holdings, Sonoco Products, Stora Enso.