Surge in popularity of adult soft drinks across the globe is expected to boost expansion opportunities for companies operating in the global non-alcoholic beverage packaging market during the forecast period of 2021 to 2031.
An upcoming research report by Transparency Market Research (TMR) gives thorough assessment of major factors influencing the development curve of the global non-alcoholic beverage packaging market. Thus, the report delivers comprehensive analysis of prime elements such as drivers, historical and present trends, growth restraints, R&D activities, challenges, and growth avenues in the market. Furthermore, the document offers trustworthy data on production, sales, shares, volume, and revenues of the market for non-alcoholic beverage packaging. Thus, this study works as a helpful document to gain thorough insights on the market.
The research analysts have demonstrated all information and analysis of the non-alcoholic beverage packaging market in the form of varied segments, which are decided on many crucial parameters such as packaging material and region. In terms of packaging material, the market is classified into three parts, namely, plastic, glass, and metal.
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In recent years, there is significant growth in the popularity of adult soft drinks among traditional soft drink consumers as well as alcohol drinkers. These drinks have no alcohol percentage and are considered as a good alternative to alcohol. As non-alcoholic beverages are considered classy and a best alternative to regular soft drinks, there is notable growth in the demand for premium soft drinks in pubs and bars. This factor is resulting into increased sales opportunities for companies operating in the global non-alcoholic beverage packaging market.
Several government bodies across the globe have made amendments that may help in lowering alcohol consumption and boost the demand for adult soft drinks in the forthcoming years. This factor is estimated to drive the expansion opportunities for companies operating in the global non-alcoholic beverage packaging market.
The non-alcoholic beverage packaging market is moderately fragmented in nature with existence of several well-established players. The competition levels in the market for non-alcoholic beverage packaging are highly intense. Thus, players are executing organic and inorganic strategies in order to stand out from the crowd.
Major companies in the global non-alcoholic beverage packaging market are increasing focus on the development of innovative products. Thus, they are increasing investments in R&D activities. Moreover, mergers, acquisitions, new product launches, partnerships, collaborations, and joint ventures are some of the prominent strategies used by market enterprises.
Some of key players in the global non-alcoholic beverage packaging market are:
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In terms of region, the global non-alcoholic beverage packaging market shows existence in many regions including APAC, EMEA, and Americas. Among all, APAC is one of the prominent regions of the market for non-alcoholic beverage packaging.
The APAC non-alcoholic beverage packaging market is expected to expand in the upcoming years on the back of improved disposable incomes and surge in inclination among regional population toward use of canned and bottled water instead of tap water. In addition, surge in demand for adult soft drinks in many emerging economies is expected to help in the regional market growth.
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