Market Size of Soft Drinks Packaging Industry
| 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
*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.
