Market Size of Europe Soft Drinks Packaging Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.80 % |
| Market Concentration | Low |
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?
Europe Soft Drinks Packaging Market Analysis
Europe Soft Drinks Baby Food Packaging Market is expected to grow at a CAGR of 4.8% over the forecast period (2021 - 2026). The Covid-19 pandemic had a negative effect on the soft drinks packaging market. The pandemic situation leads to disruptions in the supply chain and shrinks the disposable income of the customers, which leads to less consumption. Sharp recessionary effect and wellness and health priorities in the post-pandemic era will have a negative effect on the industry.
- The growth of soft drinks in Europe will remain tied to GDP growth and increasing consumer purchasing power. RTD teas and bottled waters will be key opportunity areas as soft drinks consumption in Latin America have been the global bright spot for soft drinks brand owners and bottlers over the recent review period.
- Although Carbonated Soft Drinks (CSD) consumption is high in European regions, consumer-led health and wellness trends could take their toll on continued growth. Stevia and alternative sweeteners offer a natural way for consumers to enjoy indulgent soft drinks, with RTD tea a possible alternative.
- Soft drinks are the second most-consumed drink after water, with plastic being the most used material for soft drinks packaging. The increasing population and rising disposable income have led to the increasing demand for soft drinks products across the world. Packaging plays an important role in the soft drinks market.
- 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 that is augmenting the demand is the new and innovative products, which helps manufacturers enhance their brand visibility while offering product differentiation.
- A new Kearney study finds that soft drink consumption in Europe is expected to return to pre-COVID levels despite declining consumption due to restrictions. However, consumer preferences vary from country to country. For example, per capita consumption in Germany may decline slightly, while consumers in the UK are likely to consume more soft drinks in the future.
