Global Beverage Packaging Market Size was valued nearly USD 124 billion by 2017 and is estimated to reach up to USD xx.xx billion by 2025. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 4.3% during the forecast period, i.e. 2017-2025. Beverage packaging more specifically refers to the packaging of various types of beverages with suitable material in order to preserve it for longer and to increase its shelf life. Material used in the beverage packaging includes glass, plastic, metal, paperboard, and others. Collectively these materials provide enhanced strength, sealing, barrier against, and heat insulation which in turn help to increase the shelf life of the product.
Global Market Growth Opportunities (Revenue, Growth) By 2017-2025
This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global beverage packaging market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global beverage packaging market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.
The global beverage packaging market was valued at around USD 124 billion in the year 2017, and it is anticipated grow at CAGR of 4.3% during the assessment period of 2017-2025. The market is driven by set of factors which are driving the growth of overall beverage packaging market. Lifestyle changes, and hectic work life has led to the trend for ready to eat and packaged food across the major geographies. The impact of this factor has largely seen on the adoption of convenient solutions thereby driving the demand for beverages packaging market. However, strong alcohol consumption, rising disposable income, high demand for bottled water, and consumer demand for flavored drinks are some of the primary factors surging demand for beverage packaging. Manufacturing are coming with innovative packaging solution due to consistently rising demand for packaged dairy products.
Further, increasing adoption of paperboard in the dairy and other beverages is anticipated to rise drastically as a result of restriction on the plastic in the beverage packaging. In a similar manner, rising awareness among the consumers pertinent to environment led to the trend for eco-free packaging material which expected to offer healthy growth opportunities during the forecast period. On the split side, a strict regulatory policy on the plastic packaging material which is the largest segment is anticipated to restrain the overall growth of beverage packaging.
Based on material, the beverage packaging market is segments as Glass, Plastic, Metal, Paper, Others. Plastic is among the highly adopted material in the beverage packaging due to its cost effective nature. Based on the product types global market segmented into Cans, Bottles, Pouches, Boxes, Others. Bottle segment expected to exhibit highest CAGR during the forecast period as a result of its high addition.
Market segmentation based on the beverages types includes Carbonated Drinks, Milk, Water, Juices, Energy Drinks, Alcoholic Drinks, others. On the basis of application, market segmented into alcoholic and non-alcoholic. Non-alcoholic application segment includes packaging range of beverage products such as fruit juices, flavored drinks, dairy products, sport drinks and others due to which it is expected to dominate the global market over the years to come.
Asia-Pacific expected to emerge as a global leader in the global beverage packaging market among others. The region witnessed high demand for cans and bottles made form PET and recycled PET due to its cost effective nature. Tremendous economic growth in the countries such as China and India which are high population containing countries and generating high demand for fruit juices, tea, and coffee.
Global Beverage Packaging Market Size, Share Analysis By Region 2017
North America is the second largest market for beverages packaging after Asia Pacific. Presence of tier-1 manufacturing in the region is the key factor impacting the domestic demand. As the manufacturers are coming with sustaining packaging solution which expected to further encourage the domestic in the North America region. Europe, n the other hand, comprises large number of regulatory bodies which in turn expected to drive adoption of eco-friendly products in the region. Middle East and Africa market gaining attraction of the investment for the companies for more scope in the regions and expected to rise healthy growth over the forecast period.
Major players analyzed and profiled in the global beverage packaging market include Amcor Limited, Bemis Company, Inc., Mondi PLC, Tetra Laval International SA, RPC Group PLC, Alcoa Inc., Westpack, Rexam Inc., Reynolds Group Holdings, Sonoco Products Company, Crown Holdings Incorporated, and Ardagh Group.
Global Beverage Packaging Market Study Report Offer You!
The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.
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