The global non-alcoholic beverage packaging market is forecast to grow at a CAGR of 5.25% during the period 2017-2021.
The report, Global Non-alcoholic Beverage Packaging Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.
The latest trend gaining momentum in the market is the rising popularity of eco-friendly packaging options. Plastic water bottles take up to 800-1,200 years to decompose in a landfill. PET plastics, which are generally used for soda bottles or water bottles can be combined with other rigid materials to create a stronger plastic product. It is built to withstand multiple uses. Owing to this, PET plastics continue to be a problem as a plastic pollution contributor worldwide. Owing to this many start-ups and research agencies are looking for ways to combat the problem of pollution from plastic bottles.
According to the report, one of the major drivers for this market is the increasing popularity of adult soft drinks. Adult soft drinks can be consumed by both alcohol drinkers and traditional soft drink consumers. These drinks do not contain alcohol and act as a viable alternative to alcohol, as they are more sophisticated and premium alternative to regular soft drinks. The adult soft drinks market is gaining its popularity because vendors of these products seek to satisfy different consumer needs.
Further, the report states that one of the major factors hindering the growth of this market is countries increasingly imposing tax on sugary drinks. It has been observed that few countries have imposed a tax on sugary drinks and many other countries such as the UK are on their way to do the same. It is observed that around 15-20 countries have introduced a tax on food and drinks to reduce the sugar consumption.
Other prominent vendors
Can Pack Group
Key Topics Covered:
Part 01:Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segmentation By Packaging Material