About Soft Drinks Packaging
Soft drinks are non-alcoholic drinks that include the following segments: CSDs, juices and concentrates, ready-to-drink (RTD) tea and coffee, and functional drinks. Soft drink packaging provides product support, external environment protection, and tamper resistance. It aids in the reliable distribution of soft drinks among the value chain and reduces post-production damage. The different types of materials used in packaging of soft drinks are glass, plastic, metal, and paperboard. The application of these packaging materials is for hot beverages, packaged water, CSD, and sports and energy drinks.
Technavio’s analysts forecast the global soft drinks packaging market to grow at a CAGR of 3.86% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global soft drinks packaging market for the period 2016-2020. To calculate the market size, in terms of revenue the report considers the sales of soft drinks packaging products for different end-user application.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Soft Drinks Packaging Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Soft Drinks Packaging Market: Amcor, Ball Corporation, Crown Holding, Graham Packaging Company, Rexam, and Tetra Laval International.
Other Prominent Vendors in the market 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.
Commenting on the report, an analyst from Technavio’s team said: “The focus of manufacturers on lightweight packaging materials because of the increasing consumer preference is a key trend emerging the market. Another trend is increased market consolidation. The upcoming merger between Rexam and Ball will further consolidate the market and have important implications for the competition. The global focus on sustainability is resulting in growing demand for either paper-based materials or coatings that are environmentally friendly.”
According to the report, increased consumption of soft drinks, especially functional drinks, leads to market growth in developing nations. The popularity of packaging is also because of changing consumer tastes and lifestyles and increase in organized retail stores in these regions. Organized retail stores prefer branded packaged goods.
Further, the report states that intense competition and stringent regulations have restricted the growth of the market.
Amcor, Ball Corporation, Crown Holding, Graham Packaging Company, Rexam, Tetra Laval International, 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, Stora Enso.
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