Colombia Soft Drink Packaging market is estimated to grow at a CAGR of 3.5% in terms of the volume sales to reach 11.5 billion units over the forecast period 2014-2020. Colombia is a country possessing natural biodiversity and the manufacturers constantly innovate in environmental friendly packaging using the natural raw materials. The economy here is constantly changing and companies are aware of this issue and the constant research and analysis of consumer behavior has failed to establish new packaging that caters to all inhabitants. The major introduction by soft drink manufacturers in 2014 includes, carbonated RTD tea and carbonated juice, aimed at taking advantage of consumer migration from standard carbonates toward healthier alternatives. The PET bottles volume sales continue to increase including bottled water, carbonates and RTD products. However, the growth was slowing down in carbonates due to health and wellness concerns with a migration towards soft drinks that are perceived as healthier such as RTD tea, juice and bottles water.
Companies are in constant search for packaging that will reduce the cost of products influenced by the consumer requirements. Therefore, soft drinks and dairy products manufacturers have tried to reduce the amount of plastic used in the manufacture of packaging to achieve low prices. As a result, this reduction helps in terms of transportation as the packaging occupies less space and makes the recycling process easier and friendlier to the environment. Efficient packaging solutions offer benefits like ease of use, disposability and enhanced user experience. These benefits has led to growth in demand of packaging solutions for soft drinks segment. The other trend which is augmenting the demand is new and innovative products, which helps manufacturers enhance brand visibility while offering product differentiation.
Colombia Soft Drink Packaging Market is segmented on the basis of Material (Plastic, Paper, Metal, and Glass), Soft Drink Product (Juices, Bottled Water, Energy Drinks, Ready-To-Drink (RTD), and Carbonates), and Products (Beverage Cans, PET Bottles, Cartons and Boxes). This report describes a detailed study of the Porter’s five forces analysis of the market. All the five major factors in these markets have been quantified using the internal key parameters governing each of them. It also covers the market landscape of these players which includes the key growth strategies and competition analysis.
The report also considers key trends that will impact the industry and profiles of leading suppliers of Colombia Soft Drink Packaging Market. Some of the top companies mentioned in the report are Pactiv, Amcor, Genpak, Graham Packaging, Ball Corporation, SIG, Tetra Pak International, Placon, Toyo Seikan, Rock Tenn, Nuconic Packaging, The Scoular Company, Owens-Illinois, Crown Holdings, Rexam, Alcoa and Others.
What the report offers
Market Definition for Colombia Soft Drink Packaging along with identification of key drivers and restraints for the market.
Market analysis for the Colombia Soft Drink Packaging Market, with region specific assessments and competition analysis on a regional scale.
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market shares.
Identification and analysis of the Macro and Micro factors that affect the Colombia Soft Drink Packaging market on a regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.