Soft Drinks Packaging Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Global Soft Drinks Packaging Market is Segmented by Material (Plastic, Metal, Glass, Paper, and Paperboard), Product (Bottles, Cans, Carton, and Boxes), and Geography (North America (US and Canada), Europe (Germany, UK, 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.

Soft Drinks Packaging Market Size

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Soft Drinks Packaging Market Summary
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

Soft Drinks Packaging Market Major Players

*Disclaimer: Major Players sorted in no particular order

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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 Market Trends

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.
Soft Drinks Packaging Market - Demand for Polyethylene Terephthalate Worldwide from 2010 to 2020, with a Forecast for 2021 to 2030, in Million Metric Tons

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.
Soft Drinks Packaging Market - Growth Rate by Region

Soft Drinks Packaging Industry Overview

The availability of several players providing soft drinks packaging solutions has intensified the competition in the market. Therefore, the market could be more cohesive, with many companies developing expansion strategies. Some prominent market players are Amcor PLC, Toyo Seikan Group Holdings Ltd, and Graham Packaging Company.

In July 2022, LinkOwens-Illinois Inc. announced the building of a new greenfield glass plant in Bowling Green, KY. In line with strong consumer trends toward healthy, recyclable, and sustainable food and beverage packaging. The company plans to invest up to USD 240 million in several waves of expansion over time, adding about 140 additional jobs to the area.

Soft Drinks Packaging Market Leaders

  1. Amcor PLC

  2. Toyo Seikan Group Holdings Ltd

  3. Graham Packaging Company

  4. Ball Corporation

  5. Owens-Illinois Inc.

*Disclaimer: Major Players sorted in no particular order

Soft Drinks Packaging Market Concentration
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Soft Drinks Packaging Market News

  • Dec 2022: Amcor announced a collaboration with Licella Holdings to invest in one of Australia's first plastic advanced recycling facilities, and the agreement supports Amcor and Licella's commitment to creating a local circular economy for soft plastics in Australia and helps promote Amcor's target to achieve 30% recycled content across its portfolio by 2030.
  • Aug 2022: Crown Holdings Incorporated partnered with Brazilian beverage producer Socorro Bebidas (Socorro) to extend its line of mineral water to include infinitely recyclable beverage cans; growth in demand for packaged water has presented local beverage producers with an opportunity to diversify their brand portfolios.

Soft Drinks Packaging Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS

    1. 4.1 Market Overview

    2. 4.2 Industry Value Chain Analysis

    3. 4.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.3.1 Bargaining Power of Suppliers

      2. 4.3.2 Bargaining Power of Consumers

      3. 4.3.3 Threat of New Entrants

      4. 4.3.4 Intensity of Competitive Rivalry

      5. 4.3.5 Threat of Substitute Products

  5. 5. MARKET DYNAMICS

    1. 5.1 Market Drivers

      1. 5.1.1 Increasing Disposable Income and Growing Economies

      2. 5.1.2 Growing Demand for Ready-to-use Drinks

    2. 5.2 Market Restraints

      1. 5.2.1 Stringent Government Regulations Against Non-biodegradable Products

  6. 6. MARKET SEGMENTATION

    1. 6.1 By Material

      1. 6.1.1 Plastic

      2. 6.1.2 Metal

      3. 6.1.3 Glass

      4. 6.1.4 Paper and Paperboard

    2. 6.2 By Product Type

      1. 6.2.1 Bottle

      2. 6.2.2 Can

      3. 6.2.3 Cartons and Boxes

    3. 6.3 By Geography

      1. 6.3.1 North America

        1. 6.3.1.1 United States

        2. 6.3.1.2 Canada

      2. 6.3.2 Europe

        1. 6.3.2.1 Germany

        2. 6.3.2.2 United Kingdom

        3. 6.3.2.3 France

        4. 6.3.2.4 Spain

      3. 6.3.3 Asia-Pacific

        1. 6.3.3.1 China

        2. 6.3.3.2 Japan

        3. 6.3.3.3 India

        4. 6.3.3.4 Australia

      4. 6.3.4 Latin America

        1. 6.3.4.1 Brazil

        2. 6.3.4.2 Mexico

        3. 6.3.4.3 Argentina

      5. 6.3.5 Middle-East and Africa

        1. 6.3.5.1 Saudi Arabia

        2. 6.3.5.2 South Africa

        3. 6.3.5.3 United Arab Emirates

  7. 7. COMPETITIVE LANDSCAPE

    1. 7.1 Company Profiles

      1. 7.1.1 Amcor PLC

      2. 7.1.2 Toyo Seikan Group Holdings Ltd

      3. 7.1.3 Graham Packaging Company

      4. 7.1.4 Ball Corporation

      5. 7.1.5 Owens-Illinois Inc.

      6. 7.1.6 Pacific Can China Holdings Limited

      7. 7.1.7 Crown Holdings Incorporated

      8. 7.1.8 CAN-PACK SA

      9. 7.1.9 CKS Packaging Inc.

      10. 7.1.10 Refresco Group NV

      11. 7.1.11 Tetra Pak Inc.

      12. 7.1.12 Ardagh Group SA

    2. *List Not Exhaustive
  8. 8. INVESTMENT ANALYSIS

  9. 9. MARKET OPPORTUNITIES AND FUTURE TRENDS

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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
By Geography
North America
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Asia-Pacific
China
Japan
India
Australia
Latin America
Brazil
Mexico
Argentina
Middle-East and Africa
Saudi Arabia
South Africa
United Arab Emirates
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Soft Drinks Packaging Market Research FAQs

The Soft Drinks Packaging Market is projected to register a CAGR of 3.96% during the forecast period (2024-2029)

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.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia Pacific accounts for the largest market share in Soft Drinks Packaging Market.

The report covers the Soft Drinks Packaging Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Soft Drinks Packaging Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

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Soft Drinks Packaging Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)