Market Size of Soft Drinks Packaging Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 3.96 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Soft Drinks Packaging Market Analysis
The soft drinks packaging market is expected to register a CAGR of 3.96% over the forecast period. Increasing disposable income, growing economies, and demand for ready-to-use drinks are expected to drive market growth.
- The market for carbonated soft drinks (CSD) has matured within the beverage industry. It has undergone several changes recently, and it is anticipated that this flux will last for some time. Consumers have been becoming more and more health-conscious in recent years. Customers are spending more money on products that replenish them and are safe to ingest.
- Customers seek healthy products with a variety of flavor options. Furthermore, to accommodate these expectations, businesses are introducing additional products. Consequently, more chances will arise for the packaging industry for these items.
- The economies of developing nations like China and India are expanding, increasing the disposable income available to the general public. Ready-to-use packaged drinks are currently more in demand from consumers.
- The use of non-biodegradable plastics is subject to stringent government regulations preventing businesses from using other eco-friendly packaging materials. Due to their outstanding prices, these items reduce the profit margin, ultimately impacting the soft drink packaging market.
- Lockdown procedures in response to the COVID-19 pandemic emergency have severely disrupted the supply chain and reduced consumer disposable income. The carbonated soft drink industry will undoubtedly be impacted by the solid recessionary repercussions and new health and fitness concerns in the post-COVID-19 age.
Soft Drinks Packaging Industry Segmentation
Soft drinks are generally non-alcoholic beverage drinks, which contain carbonated air, added flavors, and ingredients. The new trend toward healthy and natural content drinks is gaining market share.
The Soft Drinks Packaging Market is Segmented by Material (Plastic, Metal, Glass, Paper, and Paperboard), Product (Bottles, Cans, Carton, and Boxes), and Geography (North America (United States and Canada), Europe (Germany, United Kingdom, France, and Spain), Asia-Pacific (India, China, Japan, and Australia), Latin America (Brazil, Mexico, and Argentina), and Middle-East and Africa (Saudi Arabia, South Africa, and the UAE)). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.
| By Material | |
| Plastic | |
| Metal | |
| Glass | |
| Paper and Paperboard |
| By Product Type | |
| Bottle | |
| Can | |
| Cartons and Boxes |
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Soft Drinks Packaging Market Size Summary
The soft drinks packaging market is poised for growth, driven by increasing disposable incomes and a rising demand for ready-to-use beverages, particularly in developing economies like China and India. The market has seen a shift towards health-conscious consumer preferences, prompting companies to innovate and introduce a variety of flavor options. This trend has created opportunities for the packaging industry to cater to these evolving consumer demands. However, the market faces challenges due to stringent government regulations on non-biodegradable plastics, pushing manufacturers to explore eco-friendly packaging solutions. The COVID-19 pandemic has also impacted the market, disrupting supply chains and altering consumer spending patterns, which may have lasting effects on the carbonated soft drink sector.
In the Asia-Pacific region, the soft drinks packaging market is experiencing significant growth, fueled by a large customer base and rapidly expanding economies. Regional variations in packaging preferences necessitate tailored solutions to enhance product transportation. The demand for sustainable packaging is increasing, driven by consumer advocacy and government pressures. The market is highly competitive, with numerous players like Amcor PLC and Toyo Seikan Group Holdings Ltd actively pursuing expansion strategies. Recent investments in sustainable and recyclable packaging facilities, such as those by LinkOwens-Illinois Inc. and Amcor, highlight the industry's commitment to environmental sustainability. The introduction of innovative packaging solutions, like infinitely recyclable beverage cans by Crown Holdings Incorporated, reflects the market's adaptability to changing consumer and regulatory landscapes.
Soft Drinks Packaging Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Value Chain Analysis
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1.3 Industry Attractiveness - Porter's Five Forces Analysis
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1.3.1 Bargaining Power of Suppliers
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1.3.2 Bargaining Power of Consumers
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1.3.3 Threat of New Entrants
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1.3.4 Intensity of Competitive Rivalry
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1.3.5 Threat of Substitute Products
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2. MARKET SEGMENTATION
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2.1 By Material
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2.1.1 Plastic
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2.1.2 Metal
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2.1.3 Glass
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2.1.4 Paper and Paperboard
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2.2 By Product Type
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2.2.1 Bottle
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2.2.2 Can
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2.2.3 Cartons and Boxes
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2.3 By Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 United Kingdom
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2.3.2.3 France
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2.3.2.4 Spain
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Australia
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2.3.4 Latin America
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2.3.4.1 Brazil
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2.3.4.2 Mexico
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2.3.4.3 Argentina
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2.3.5 Middle-East and Africa
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2.3.5.1 Saudi Arabia
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2.3.5.2 South Africa
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2.3.5.3 United Arab Emirates
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Soft Drinks Packaging Market Size FAQs
What is the current Soft Drinks Packaging Market size?
The Soft Drinks Packaging Market is projected to register a CAGR of 3.96% during the forecast period (2024-2029)
Who are the key players in Soft Drinks Packaging Market?
Amcor PLC, Toyo Seikan Group Holdings Ltd, Graham Packaging Company, Ball Corporation and Owens-Illinois Inc. are the major companies operating in the Soft Drinks Packaging Market.
