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2020-03-09
670
Global
Packaging helps in protection of fruit juices from external environmental factors and contamination of bacteria. Appropriate fruit juice packaging helps in proper storage and distribution among consumers and reduces the risk of damaging. Growing consumption of packaged food and beverages across the world is increasing the demand for the juice packaging market. However, government regulations associated with material used in juice packaging is hindering the growth of global fruit juice packaging market. Several government policies are made to reduce the usage of metal and plastic containers for packaging of food and beverages and also providing tax exemption on the use of environmentally friendly materials for packaging. As per our research, metal cans and pet bottles take over 500 to 30,000 years to degrade completely which results in the mounting demand for environment-friendly packaging material for food and beverages.
The global fruit juice packaging market is classified on the following basis:
Based on Packaging Type
Europe region dominated the global fruit juice packaging market with a market share of 40.2% in 2019 followed by North America and is expected to maintain its dominance over the forecast period. High consumption rate of fruit juice and stringent regulations in European countries such as the UK, Germany and France is likely to fuel the Europe fruit juice packaging market. Europe is projected to hold 44.2% market share of global fruit juice packaging market by the end of 2025. On the other hand, North America is expected to occupy 29.0% market share in global fruit juice packaging market by 2024. Moreover, rising health consciousness and shift towards healthy beverages is boosting the consumption of fruits juices in United States and Canada.
Growing consumption of packaged beverages and rise in personal disposable income are some driving factors which are shifting the consumers towards packaged beverages and juices. Thus, these factors are fostering the growth of global fruit juice packaging market. Light weight packaging provides the convenience in carrying and transportation of fruit juices.
Increasing price of raw materials and stringent regulations on using non-biodegradable material for packaging and targeting to adopt for sustainable packaging are major factors, hindering the growth of fruit juice packaging market. Government policies for increment in the carbon footprint which is produced by different packaging material is likely to obstruct the juice packaging business expansion in the near future.
Our global packaging robots market report comprises of the following companies as the key players.
Market Synopsis
Market Segmentation
The Global Fruit Juice Packaging Market is segmented as follows:
By Regions
Market Dynamics: Growth Drivers, Restraints and Opportunities
Key Market Players
Porter’s Five Force Model
Market Landscape: Competition and Beyond
Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem
Expert Analysis
Concluding Remarks
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