Global Drinks Packaging Market Is Set To Witness A Steady CAGR In The Forecast Period Of 2019- 2026

Global drinks packaging market is set to witness a steady CAGR in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Rising demand for ready to drink products and growing consumptions of alcohol is the factor for the growth of this market.

Global Drinks Packaging Market By Material (Glass, Plastics, Metal, Paperboard, Others), Packaging Type (Box, Bottle, Cartons, Cans, Pouch, Jars, Others), Application (Carbonated Soft Drinks, Functional Drinks, Juices, Alcoholic, Milk, Water, Energy Drinks, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026.

Market Analysis: Global Drinks Packaging Market

Global drinks packaging market is set to witness a steady CAGR in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Rising demand for ready to drink products and growing consumptions of alcohol is the factor for the growth of this market.

Market Definition: Global Drinks Packaging Market

Drinks packaging are specially designed for the packaging of liquids such as carbonated soft drinks, alcoholic drinks, milks, water, functional drinks and others. These packaging are mainly made of materials such as plastic, glass, paperboard, metals and others. There main function is to keep the product fresh and increase their shelf life. Cans, jars pouch, bottle and others are some of the common type of packaging type which is used in drinks packaging. These packaging are usually available in different sizes and shape as per the need of the drinks.

 

Market Drivers:

  • Increasing consumption of beverages is driving the market growth
  • Growing demand for sustainable and convenient packaging solution will also act as driver for this market
  • Increasing usage of stand up pouches and bag-in-box packaging for beverage is contributing as a factor for the growth of this market
  • Rising adoption of bottled water is also accelerating the market growth

Market Restraints:

  • Fluctuation in the price of raw material will hamper the market growth
  • Rising awareness about the hazardous packaging products will also restrain the market growth
  • Strict government rules associated with non- biodegradable product is also hindering the market growth

Segmentation: Global Drinks Packaging Market

By Material

  • Glass
  • Plastics
  • Metal
  • Paperboard
  • Others

By Packaging Type

  • Box
  • Bottle
  • Cartons
  • Cans
  • Pouch
  • Jars
  • Others

By Application

  • Carbonated Soft Drinks
  • Functional Drinks
  • Juices
  • Alcoholic
  • Milk
  • Water
  • Energy Drinks
  • Others

Key Developments in the Market:

  • In October 2018, Elopak announced the launch of their new range of aseptic Pure-Pak cartons which are recyclable in nature are made from the natural brown board. The main aim of the launch is to meet growing demand for sustainable and authentic package. They can work on E-PS120A aseptic filling machine and are available in different sizes such as 500ml, 750ml and 1ml.
  • In November 2018, Indorama Ventures Public Company Limited announced that they have acquired 74% of the share of Medco Plast for Packing and Packaging Systems S.A.E from Middle East Glass Manufacturing Co. S.A.E. (MEG) and the Samaha family. Medco Plast is one of the largest manufacturer of injection molded products and closures for soft drink and water. This acquisition will help the company to expand them in the East African PET packaging market.

Competitive Analysis:

Global drinks packaging market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of drinks packaging market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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Key Market Competitors:

Few of the major competitors currently working in the global drinks packaging market are Amcor plc, Crown, AptarGroup, Inc., Ardagh Group S.A., Graham Packaging Company., O-I, BALL CORPORATION, Tetra Pak International S.A., Bemis Company, Inc., CAN-PACK S.A., CKS Packaging, Inc., Mondi, Refresco Group, Pacific Can China Holdings Limited, Toko Seikan Group Holding, Stora Enso, Reynolds, Alcoa Corporation, Saint-Gobain Performance Plastics., Sonoco Products Company, and others.

 

About Data Bridge Market Research 12189 Articles
Hi, I am Ravi Kumar, a Blogger, Freelancer, SEO Consultant, an Internet Marketer, I am a research analyst who loves to evaluate data relating to Manufacturing industry, Management of companies and enterprises, Finance and insurance, Wholesale trade, Management, scientific, and technical consulting services

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