Sustainable packaging is the new trend in fruit juice packaging business: According to Goldstein Research, “Innovative packaging of fruit juices in pouches and cartons are gaining popularity majorly among children and teenagers.” Portable wine and cocktail pouches form of juice packaging are mostly preferred as they are easy to carry. Such convenient and straw less packaging solution is expected to boost demand of the fruit juice packaging market.
Global fruit juice packaging market is segmented based on materials used for packaging type which is further bifurcated into paper/carton packaging, plastic packaging and glass packaging. Among these segments, paper based or carton packaging accounted for the largest market share of 55% in 2016 in overall packaging type segment and is projected to maintain its dominance over the forecast period.
Global fruit juice packaging market is anticipated to reach USD 26.46 billion by the end of 2024 on the back of expansion of eco-friendly packaging products in food and beverages industry. Asia-Pacific is the fastest growing region for fruit juice packaging market across the globe. Asia-Pacific fruit juice packaging market is expected to occupy 23.0% of market share in global fruit juice packaging market by the end of 2024. Rising health awareness, changing lifestyle and willingness to spend on healthy food is expected to accelerate the demand for packaged fruit juices which pushes the fruit juice manufacturers towards effective and attractive packaging.
Next Generation Packaging: Aseptic Packaging
Ready to drink fruit juices which are available in aseptic packages provides a tremendous opportunity for fruit juice packaging market. Aseptic packages are manufactured by combining the paperboard and aluminum foil with thermoplastic material. This multi-layer technology prevents the juice from spoilage and increases the shelf life of the products. Also innovation in opening facilities of these aseptic packages is gaining consumer’s interest. Pull-tab opening feature is a new trend which is helpful in easy opening of fruit packets without making any damage to the packaging. These new innovative solutions are likely to expand the fruit juice market across the globe.
“Global Fruit Juice Packaging Market Outlook 2024” contains detailed overview of the global fruit juice packaging market in terms of market segmentation by packaging type.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Sacle) analysis, Porter’s five force model and SWOT analysis.
Global Fruit Juice Packaging Market Report also provides competitive outlook of some of the major players which includes profiling of companies such as Amcor Limited, Ball Corporation, Smurfit Kappa Group, Tetra Laval International S.A., Evergreen Packaging Inc., International Paper Company, MeadWestvaco Corporation, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents comprehensive synopsis on the global fruit juice packaging market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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