Soft Drinks Packaging Market Overview
The soft drink packaging market is expected to grow at a CAGR of 3.95% during the forecast period of 2022-2030
Soft drinks are non-alcoholic drinks, including CSDs, juices and concentrates, ready-to-drink (RTD) tea and coffee, and functional drinks. The proper packaging of soft drinks provide product support, external environment protection, and tamper resistance.
The demand for soft drinks is increasing globally owing to factors such as Increasing population, rapid urbanization and rising disposable income had led to increase in demand for soft drinks products across the world. Efficient packaging solutions offer benefits like ease of use, disposability and enhanced user experience. These benefits has led to growth in demand of packaging solutions for soft drinks segment.
Majority of the soft drinks packaging is done in cans. Refillable PET bottles are also very popular for packaging of soft drinks. In many parts of the world, recycling is considered important due to which many soft drink cans and bottles include a deposit. To ensure that the empty bottles are refunded, the reverse vending machines are installed at the entrances of most supermarkets. Increasing disposable income of middle income group, rapid urbanization and packaging innovations are the key factors driving the soft drink packaging market.
Soft drinks Packaging Market Competitive Analysis
The global soft drinks packaging market is extremely competitive due to the presence of many vendors involved in the packaging of soft drinks. Many new vendors are emerging in the market, but it is difficult for them to compete with international vendors in terms of features, functions, and services. The competition in the global market is expected to intensify with increase in product extensions, innovations in technology, an increase in product extensions, and mergers and aquisitions.
December 2017- Coca-Cola teamed up with Ardagh to create the most eye-catching packaging presentation for its limited edition Star Wars: The Last Jedi Coca-Cola Zero Sugar bottles. Each shaped aluminium bottle uses the award winning high definition, high resolution printing expertise of Ardagh’s specialist plant in Beaurepaire, France to feature one of the film’s 6 main characters.
June 2017- CROWN Beverage Packaging, launched an easy to open crown to help beer manufacturers deliver a unique opening experience to consumers. The technology represents a modern advancement of the bottle cap, to improve the packaging of carbonated soft drinks and beer.
April 2017- Allied Glass Containers has secured a £75m debt package from Investec to support its growth plans. The Yorkshire-based specialist manufacturer and distributor of glass bottles and containers to the premium spirits and food & beverage sector produces 600 million bottles per annum across 450 product lines, and is focusing on growth in the global whisky and gin markets.
December 2016 - Amcor Rigid Plastics has launched a new range of crystal clear polyethylene terephthalate (PET) stock bottles and preforms. PET beverage collection is available in round, hourglass, and square shapes and comes in four sizes (12oz, 16oz, 32oz, and 64oz). Three filling types include cold-fill for dairy and juice, aseptic for dairy and juice, and high-pressure processing (HPP) for juice.
September, 2015 - Owens-Illinois, Inc. today announced that it has completed the acquisition of the Vitro food and beverage glass container business from Vitro, S.A.B. de C.V. in a transaction valued at approximately USD 2.15 billion. The transaction includes Vitro’s five food and beverage glass container plants in Mexico, a plant in Bolivia and the food and beverage business of Vitro Packaging, its North American distribution business based in Plano, Texas.
Soft drinks Packaging Market – Segmentation
The Soft drinks Packaging Market can be segmented in to three key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Material - Glass, Plastic, Metal, Paperboard, and others
Segmentation by Type - Rigid packaging and Flexible Packaging
Segmentation by Application - Carbonated soft drinks, Functional drinks, Juices, and others
Segmentation by Regions: North America, Europe, APAC and Rest of the World.
Soft drinks Packaging Market – Regional Analysis
Asia Pacific region is expected to dominate the growth of the global soft drinks packaging market owing to growing number of soft drinks consumers in the region. Large population base with increasing disposable income, low cost of production owing to the easy availability of inexpensive technical labor is expected to further drive the soft drinks market in the region.
The emergence of local players across different countries in the region is leading to an increase in competition among global manufacturers. Adoption of Innovative packaging presents many opportunities for the manufactures to increase their foothold across the globe.
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