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Juice Packaging Market: Introduction

Packaging is a well-grounded technology used to secure the products, particularly consumables, like food and liquids from getting defaced and defiled. The packaging of liquid demands great seal durability, the strength of packaging materials, resistivity to cracking, prevention of spillage and degradation and delivering the products in complex transportation. Juice packaging is intended to provide support, protection from external environmental elements and tamper resistance. Juice packaging is the most competitive segment in the global beverage packing industry. As a result of the emerging consumption of vegetable and fruit juice, the worldwide market for juice packaging is probably going to witness strong growth in future.

Juice Packaging: Market Dynamics

The rising consumption of packaged food and beverages all over the world is contributing to the demand for juice packaging market. Increase in disposable income of the households and the growing number of nuclear families in the developing countries is fuelling the growth in the juice packaging market. Packaging intended for single use is a key driving force for the juice packaging market. The fluctuating cost of raw materials is rather an inhibiting factor for the juice packaging market. Moreover, the government norms associated with the use of plastics in packaging also restrains the growth of the market.

The increment in the carbon footprint due to the production of packaging material using different types of resins suppresses the growth of the juice packaging market. Manufacturers still rely majorly on plastics as the source of raw material. Variable logistics cost involved in the transportation of raw materials and the final product acts as an inhibitor to the juice packaging market. The key trend prevailing in this market is the increased application of sustainable packaging. The upsurge in the juice packaging using biomaterials and environment friendly products is likely to create an opportunity for this market. Likewise, innovations concerning next generation packaging along with increased preference for pure juices other than preservative juices is assumed to fuel the demand for the juice packaging market.

Juice Packaging: Market Segmentation

The market can be segmented on the basis of packaging type, technology type, opening type and geography. On the basis of packaging type, the juice packaging market can be segmented into flexible and rigid juice packaging. Flexible juice packaging can be further segmented into stand up pouch and Bag-In-Box (BIB) packaging. Rigid juice packaging can be sectioned into cartons, cans and bottles.

Comparatively, flexible packaging has garnered more dominance over rigid packaging amongst consumers. On the basis of technology, the juice packaging industry can be segmented into the aseptic filling process, hot filling process and blow-fill-seal process. On the basis of opening type, the juice packaging market can be segmented into lid type, straw hole opening and clip opening. On the basis of geography, the market can be segmented into Middle-East and Africa (MEA), North America, Asia Pacific (APAC), Europe and Latin America.

Juice Packaging: Regional Outlook

Geographically, North America is the largest market for the juice packaging industry owing to its large consumption of FMCG products. The European market will continue to grow at a steady rate, the Asia Pacific market despite having nearly 45% share in the global packaging industry has not shown substantial growth rate, but the juice packaging market is likely to prosper over the forecast period due to the changing lifestyle pattern and increased awareness among consumers. The rising disposable income of individuals in India and China will further fuel the growth of the juice packaging market in the Asia Pacific region.

Juice Packaging: Key players

Key players in the juice packaging market include Amcor Limited (U.S.), Ball Corporation (U.S.), Bemis Company Inc. (U.S.), Smurfit Kappa Group (Ireland), Tetra Laval International S.A. (Switzerland), DS Smith Plc. (U.K.), Evergreen Packaging Inc. (U.S.), International Paper Company (U.S.) and MeadWestvaco Corporation (U.S.).

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Juice Packaging Market

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