Colombia’s soft drink packaging market is expected to grow at a CAGR of 3.5% in terms of sales volume to reach 11.5 billion units over the forecast period 2017 - 2022. Colombia has natural biodiversity and the manufacturers constantly innovate to find environmentally friendly packaging using natural raw materials. The economy here is constantly changing and the constant research and analysis of consumer behavior has failed to establish new packaging that caters to all inhabitants. The major introduction by soft drink manufacturers in 2014 includes carbonated RTD tea and carbonated juice, aimed at taking advantage of consumer migration from standard carbonates toward healthier alternatives. The PET bottles volume sales continue to increase, including bottled water, carbonates, and RTD products. However, the growth has slowed down in carbonates due to health and wellness concerns with a migration towards soft drinks that are perceived as healthier such as RTD tea, juice, and bottled water.
Companies are in constant search for packaging that can reduce the cost of products. Therefore, soft drinks and dairy products manufacturers have tried to reduce the amount of plastic used in the manufacture of packaging to achieve low prices. This reduction helps in terms of transportation as the packaging occupies less space and makes the recycling process easier and friendlier to the environment. Efficient packaging solutions offer benefits like ease of use, disposability, and enhanced user experience. These benefits have led to the growth in demand for packaging solutions for the soft drinks segment. The other trend augmenting demand are the new and innovative products, which help manufacturers enhance their brand visibility while offering product differentiation.
Colombia’s soft drink packaging market is segmented on the basis of material (plastic, paper, metal, and glass), soft drink product (juices, bottled water, energy drinks, ready-to-drink (RTD), and carbonates), and products (beverage cans, PET bottles, and boxes).
This report gives a detailed study of Porter’s five forces analysis of the market. All the five major factors in these markets have been quantified using the internal key parameters governing each of them. It also covers the market landscape of these players which includes the key growth strategies and competition analysis. The report considers key trends that will impact the industry and profiles the leading suppliers of Colombia’s soft drink packaging market.
Some of the top companies mentioned in the report are:
What the Report Offers
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Market Definition
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Soft Drink Consumption
4.2.2 Increased demand for convenience packaging from consumers
4.3 Market Restraints
4.3.1 Environmental concerns regarding usage of plastic
4.3.2 Stringent Government Regulations
4.4 Current Opportunities in the Colombia Soft Drinks Packaging Market
4.5 Industry Value Chain Analysis
4.6 Porter's Five Forces Analysis
4.6.1 Bargaining Power of Suppliers
4.6.2 Bargaining Power of Consumers
4.6.3 Threat of New Entrants
4.6.4 Threat of substitute products and services
4.6.5 Competitive Rivalry within the Industry
4.7 Industry Policies
5. Technology Snapshot
6. Colombia Soft Drinks Packaging Market - Segmented by Primary Material Used
6.2 Paper & Paparboard
7. Colombia Soft Drinks Packaging Market - Segmented by Type
7.1 Bottles Water
7.3 RTD Beverages
7.4 Sport Drinks
8. Competitive Intelligence - Key Company Profiles (List populated based on Global Presence)
8.1 Pactiv, LLC
8.2 Amcor, Ltd.
8.4 Graham Packaging Company
8.5 Ball Corporation
8.6 SIG Combibloc Company Ltd.
8.7 Tetra Pak International
8.9 Toyo Seikan Group Holdings Ltd.
8.10 Rock Tenn Company
8.11 Nuconic Packaging
8.12 The Scoular Company
8.13 Owens-Illinois Inc
8.14 Crown Holdings Incorporated
8.15 Rexam inc
8.16 Alcoa Inc
9. Investment Analysis
9.1 Recent Mergers and Acquisitions
9.2 Investor Outlook
10. Future of Colombia Soft Drinks Packaging Market