Non-Alcoholic Beverage Packaging Market Size, Industry Analysis Report By Type (Carbonated Soft Drinks, Bottled Water, Tea & Coffee, Juices), By Distribution Channel (Food Service, Retail) & Region – Forecast
- PUBLISHED ON
- 2024-10-03
- NO OF PAGES
- CATEGORY
- Packaging
It is estimated for the global non-alcoholic market to witness growth at a CAGR of 6.1% during the forecast period of 2022 to 2030. The market witnessed growth at a CAGR of 4.7% during the previous forecast period of 2018 to 2021. The non-alcoholic drinks help keeps the body hydrated and may even contain vitamins and minerals that can put the body to good use. This importance of the product is driving the growth of the market during the forecast period.
Global Non-Alcoholic Beverage Packaging Market – Growth Factors
The growing awareness about the non consumption of alcoholic products is estimated to boost the growth of the market during the forecast period. In order to shift their focus from alcoholic products, people are shifting more towards non-alcoholic products and this factor is also boosting the growth of the market during the forecast period. Growth in the advertising of these non-alcoholic products is also creating urge within people to try these products and this factor is also estimated to boost the growth of the market during the forecast period. The growth in the sales of these products through the online medium of marketing is also estimated to foster the growth of the market during the forecast period.
Global Non-Alcoholic Beverage Packaging Market – Market Trends
• In order to shift their focus from alcoholic products, people are shifting more towards non-alcoholic products and this factor is boosting the growth of the market during the forecast period.
• In the advertising of these non-alcoholic products is also creating urge within people to try these products and this factor is also estimated to boost the growth of the market during the forecast period.
• The growth in the sales of these product through the online medium of marketing is also estimated to foster the growth of the market during the forecast period.
Global Non-Alcoholic Beverage Packaging Market – Segmentation
The global non-alcoholic beverage packaging market is segmented on the basis of product type and distribution channel type.
Based on product type, the market is segmented into,
• Carbonated Soft Drinks
• Bottled Water
• Tea & Coffee
• Juices
• Others
Based on distribution channel, the market is segmented into,
• Food Service
• Retail
Global Non-Alcoholic Beverage Packaging Market – Regional Analysis
It is estimated for the region of US to drive the growth of the market during the forecast period. The growing in the technological advancements in the food sector in the region is estimated to foster the growth of the market during the forecast period. The region of Europe is estimated to witness growth at a healthy rate during the forecast period. The Asia Pacific region is also estimated to witness a notable growth rate in the market.
Global Non-Alcoholic Beverage Packaging Market – Key Market players
Nestlé; PepsiCo; Unilever; Keurig Dr Pepper Inc.; The Coca-Cola Company; Cott Corporation; Danone S.A.; SUNTORY BEVERAGE & FOOD LIMITED; Asahi Group Holdings, Ltd.; Red Bull are the major players that are driving the growth of the market during the forecast period.
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One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
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