Beverages Carriers Market: Introduction
The past few years has seen a change in transition in retail business structure, from unorganized local stores to organized retail chains such as supermarkets and hypermarkets. Change in retail business structure is attributed to factors such as changing lifestyle and increasing per capita spending, worldwide. Organized retail companies are using new packaging solutions to attract new customers. With the objective to have a competitive edge in the market, various packaging manufacturers are introducing new attractive packaging solutions to grab the market share. Beverages carriers are one of the popular packaging solutions among beverages manufacturing companies. Beverages carriers are used widely not only for convenience solutions, but also augmenting the brand name that helps in creating a massive impact in the consumer’s mind.
Beverages Carriers Market: Market Dynamics
Growth in demand for beverages carriers is expected to remain steady, owing to various factors. Most players in the beverages industry are continuously striving to offer its products in attractive packages and convenience. Additionally, packaging manufacturers are increasingly investing to develop new packaging solutions to increase their customer base. Alcoholic beverages industry is witnessing a healthy growth during the past few years. Wine producers are inclined towards use of beverages containers for wine packaging, owing to various advantages offered by such containers in comparison to glass bottles. Beverages containers are easy to pack, distribute and cost-efficient. In addition, oxygen transmission rate is considered to be one of the prime factors for increasing acceptance of beverages carrier. Beverages carriers, being a light weight packaging solution is a major factor expected to fuel demand for beverages carriers among beverage manufacturers. Beverages carriers are increasingly used by beverages manufacturers to minimize transportation cost. Moreover, luxury packaging is gaining traction among manufacturers of beverages. In order to attract new customers, aesthetic looking beverage carriers are being launched in the market. Beverages carriers are also used in the organized retails store to enhance brand visibility to consumers. In addition, dairy beverages products are also expected to create a huge impact in the beverages carriers market during the forecast period.
Beverages Carriers: Market Segmentation
The global beverages carriers market is segmented on the basis of material type, end user and packaging type
By material type, the global beverages carriers market is segmented into:
- Linear Low Density Polyethylene (LLDPE)
- Low Density Polyethylene (LDPE)
- Polypropylene (PP)
- Ethylene Vinyl Alcohol (EVOH)
- Ethylene Vinyl Acetate (EVA)
- Polyethylene terephthalate (PET)
- Polyamide/ Nylon (PA)
- Polystyrene (PS)
- High Density Polyethylene (HDPE)
By end user, the global beverages carriers market is segmented into:
- Drinking Water
- Energy drinks
- Soft Drinks
By packaging type, the global beverages carriers market is segmented into:
Beverages Carriers Market: Regional outlook
In terms of geography, the global beverages carriers market has been divided in to five key regions including North America, Latin America, Europe, Asia Pacific and Middle East & Africa. The market in North America is expected to retain its dominance throughout the forecast period. This is attributed to the massive growth of the beverages industry in the U.S. during the forecast period. North America is also witnessing a rapid increase in the production capacity of beverage carriers. The market in Asia Pacific is also expected to register a comparatively high CAGR during the forecast period. India and China are expected to be the most attractive countries in Asia Pacific, owing to the impressive growth of non-alcoholic beverages in the last couple of years. The market in Europe is expected to register a healthy growth for the early adoption of beverage carriers by the marketers. However, the market in Middle East & Africa is expected to witness slow growth in comparisons to the markets in other regions.
Beverages Carriers Market: Key Players
Some of the key players in the global beverages carriers market are Smurfit Kappa Group, Optopack Ltd., CDF Corporation, TPS Rental Systems Ltd, Scholle IPN, etc.
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