The North America soft drink packaging market is estimated to grow at a CAGR of 6.5% in terms of the volume sales over the forecast period 2017 - 2022. With the trend towards healthier beverages threatening the growth of carbonated soft drinks, finding new and innovative ways to get consumers through packaging stimuli will be a key focus for packaging manufacturers and brand owners. However, the cost will still be the key ingredient to any new packaging feasibility. The most common beverage package in North America is the aluminum can, which is also among the most widely recycled consumer packaging in the US. Aluminum is the most valuable commodity in the waste stream. According to the Aluminum Association, the US aluminum industry is the world's largest, annually producing about USD 39.1 billion in products and exports.
The fastest growing packaging material is polyethylene terephthalate (PET). This plastic packaging material is favored by many beverage companies for bottled beverages due to its light weight and durability. Glass is the oldest beverage packaging and is still used for iced teas, fruit juices, soda, and sparkling waters. Glass is a popular beverage packaging material because it is impermeable and nonporous. In Canada, all the health and safety standards under the Food and Drug Regulations are enforced by the Canadian Food Inspection Agency (CFIA). The CFIA is also responsible for the administration of non-health and safety regulations concerning food packaging, labeling, and advertising.
Soft drinks are the second most consumed drink after water, with plastic being the most used material for soft drinks packaging. Increasing population and rising disposable income have led to an increasing demand for soft drinks 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 augmenting demand are the new and innovative products, which help manufacturers enhance their brand visibility while offering product differentiation.
The North America 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), products (beverage cans, PET bottles, cartons, and boxes), and country (the US, Canada, and others).
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 the North America soft drink packaging market.
Some of the top companies mentioned in the report are:
- Alcoa
- Amcor
- Crown Holdings
- Nuconic Packaging
- Owens-Illinois
- Pactiv
- Placon
- Rexam
- Rock-Tenn
- Tetra Pak International
- The Scoular Company
- Toyo Seikan
What the Report Offers
- Market definition for the North America soft drink packaging market, along with identification of key drivers and restraints.
- Market analysis for the North America soft drink packaging market, with region-specific assessments and competition analysis on a regional scale.
- Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence the market on a regional scale.
- Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share.
- Identification and analysis of the macro and micro factors that affect the North America soft drink packaging market on a regional scale.
- A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
