Market Trends of Soft Drinks Packaging Industry
This section covers the major market trends shaping the Soft Drinks Packaging Market according to our research experts:
Plastic to Account for the Largest Market Share
- Since plastic packets are lighter and more comfortable to handle than other items, consumers have been seen to prefer them over other products in the soft drink business. Additionally, the big manufacturers favor plastic packaging options due to the much cheaper production costs.
- Government laws and customer demand, which are causing manufacturers to seek out packaging options that are biodegradable or made from sustainable sources, are predicted to present difficulties to the industry.
- In recent years, many plastic products have also been recycled and utilized again. Another factor boosting the market share of this sector is the diversity of plastics available for packaging, including PVC, PE, PP, PS, PET, and nylon.
- PET bottles are one of the most economical packaging options for soft drinks because of their small weight, which lowers storage and shipping expenses. However, shortly, the demand for freshly manufactured goods by consumers could have a detrimental effect on expanding the worldwide soft drink packaging industry.
- The resins used in PET bottles to pack carbonated drinks are of exceptional quality. The PET bottles have to be extremely strong to contain the internal pressure of CO2 without distortion and expansion.
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Asia-Pacific to Witness Fastest Growth
- Asia-Pacific has a sizable customer base and several economies that are expanding quickly. However, regional packaging preferences vary widely; therefore, adopting regional and application-specific solutions is anticipated to improve product transportation. Additionally, manufacturers are actively implementing sustainable packaging standards due to rising pressure from consumer advocacy organizations, the government, and consumers.
- In Asia, Japanese consumers have the highest per capita income. This, together with the country's elderly population's growth and the new functional food labeling system, has made room for luxury available soft drink brands, particularly those that target older consumers with health claims.
- In India, one of the sectors where significant investments are being made for growth and technological advancement is the beverage business. The country's soft drink packaging sector has recently seen a substantial trend away from the common multi-serve presentations prevalent in all soft drink categories in favor of more miniature "on the go" packs and, even more critical, "family packs."
- Additionally, for several macro reasons, the non-alcoholic beverage market in the region is among the fastest-growing markets globally. The current low per capita consumption indicates a huge future volume growth potential.
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