The global sales of fruit juice packaging Market are estimated to be worth USD 14.6 billion in 2021 and are anticipated to reach a value of USD 22.4 billion by 2031. Sales are projected to rise at a CAGR of 4.4% over the forecast period between 2021 and 2031. The revenue generated by fruit juice packaging Market in 2020 was USD 14 billion.
The key driving factors in the fruit juice packaging market are the increasing health consciousness to favour demand for natural and nutritious beverages; convenience trends that boost demand due to easy-to-carry and ready-to-drink products, hence spurring innovations across various packaging solutions.
Sustainability concerns, on the other hand, also push the market toward a greater preference for recyclable materials and those that are friendly to the environment. Furthermore, it enhances the presentation aspect of the product and attracts the consumers with better packaging technologies.
Other factors contributing to the growth in the market include expanding distribution channels and rising disposable incomes, particularly in emerging markets. Together, these drivers form the changing face of the fruit juice packaging industry.
Global Fruit Juice Packaging Market Industry Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2020 | USD 14.0 billion |
| Estimated Size, 2021 | USD 14.6 billion |
| Projected Size, 2031 | USD 22.4 billion |
| Value-based CAGR (2021 to 2031) | 4.4% |
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Fruit juice is a rapidly growing segment of the beverage industry. Thus the fruit juice packaging is simultaneously changing and growing. With the rise in consumer demand for new products in line with a hectic lifestyle, on-the-go consumption is transforming the packaging landscape.
This has led the fruit juice manufacturers to provide functional packaging formats and advanced materials. One of the main aims of a packaging system and packages is to protect fruit juice from microbial spoilage and chemical deterioration during distribution and storage. This consumption is on the rise especially in developing countries due to disposable income rise.
According to a 2018 study, approximately 36 million liters of fruit juice have been consumed globally. According to studies around 40% of fruits per capita are used for making juices. It’s been observed that there has been a significant rise in children as consumers of fruit juices. This huge making and consumption of fruit juices are expected to grow the fruit packaging market.
Also, with increasing demand and consumption the fruit juice market is saturating therefore packaging becomes a way to attract more customers. Also in the forecasted period, there will be a rise in sugar-free and natural beverages. All these factors drive the Fruit Juice Packaging Market significantly during the forecast period from 2021 to 2031.
The changing consumer adaption and improvements in fruit juices are likely to augment the fruit juice packaging market in the forecast period. Changing consumer preferences are resulting in an increased utility of packaging materials to enhance strength, aroma retention, heat insulation, sealing, and barrier against moisture.
Soaring demand for small packs is providing a strong push to the demand for flexible bags and pouches. The fruit juice packaging market is experiencing significant growth due to types of juices manufactured, methods of packaging, increasing disposable income, traveling, and change in lifestyle. Thus the demand for fruit juice packaging will increase over the forecasting period.
Principal Consultant
USA and Canada will retain the top position in the market of fruit juice packaging due to the continued demand for fruit juice and rising inclination towards natural beverages than others.
The presence of strong infrastructure, packaging industries, and growing fruit juice manufacturing industries in the USA and Canada are adding to fruit juice packaging growth in the region. According to a study, 45% of the USA population are consumers of fruit juices. There has been an increase in children in form of fruit juice consumers in the countries. These factors will provide growth to the fruit juice packaging market in the region.
The European fruit juice market is experiencing significant growth due to increasing at-home consumption. The European Fruit Juice Association (AIJN) joined the European Pact for Sustainable Industry, which will help the industry grow in the region with the involvement of sustainable packaging material.
The post-consumer recycling material will be in demand in the forecast period. This will result in the growth of the fruit juice packaging demand in Europe during the forecast period.
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Some of the leading manufacturers and suppliers of fruit juice packaging include
These companies followed certain strategies like partnership, manufacturing plant expansion, mergers, and acquisitions to gain a good position in the market. For instance, in September 2020, Ball Corporation announced its plan to build a new USA aluminium beverage packaging plant in Pittston, Pennsylvania. Which will be functional from mid-2021.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
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Fruit Juice Packaging Market
