Varanasi News Magazine

Beverage Packaging Market to See Major Growth by 2025 | Key Players are Amcor Group GmbH, O-I Glass, Inc., Crown Holdings, Inc, Ardagh Group S.A., Verallia SA

 Breaking News
  • No posts were found

Beverage Packaging Market to See Major Growth by 2025 | Key Players are Amcor Group GmbH, O-I Glass, Inc., Crown Holdings, Inc, Ardagh Group S.A., Verallia SA

May 11
11:54 2021
Beverage Packaging Market to See Major Growth by 2025 | Key Players are Amcor Group GmbH, O-I Glass, Inc., Crown Holdings, Inc, Ardagh Group S.A., Verallia SA

MarketsandMarkets™
The global beverage packaging market was valued at USD 148.1 billion in 2021. It is projected to grow at a CAGR of 5.0% and reach USD 189.0 billion by 2026

The reportBeverage Packaging Market by Packaging Type (Bottle, Can, Pouch, Carton), Material Type (Glass, Plastic, Metal, Paper & Paperboard), Product Type (Alcoholic Beverages, Non-Alcoholic Beverages, Dairy Beverages), and Region – Global Forecast to 2026″, Beverage packaging helps in protecting the beverages and extend its shelf-life. It further acts as an effective tool for marketing and attracting the attention of consumers. The global beverage packaging market was valued at USD 148.1 billion in 2021. It is projected to grow at a CAGR of 5.0% and reach USD 189.0 billion by 2026.

Beverage Packaging Market

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1222

The increase in the consumption of non-alcoholic and dairy beverages is projected to be some of the major drivers for the growth of the global beverage packaging market. There has been several innovations and development in the packaging designs and packaging technology over the last five years in the global beverage packaging market. The increase in demand for products made from biodegradable and renewable raw material presents lucrative opportunities for the players in the market. The rise in consumption in emerging economies is encouraging the growth of the market

By packaging type, the bottle segment is expected to hold a largest share in the market, during the forecast period

The beverage packaging market includes five major packaging types: bottle, can, pouch, carton, and others. The others segment includes bulk and draught containers for a large volume of packaging. Packages are used according to beverages that are served. Alcoholic beverages are served in bottles and packaging, whereas non-alcoholic drinks are mostly served in bottles. The bottle segment dominated the global market for beverage packaging in 2020. Bottles made from PET & HDPE are preferred by manufacturers for their cost-effectiveness. These bottles can compete with cartons on the extended shelf life of products when stored at chilled or ambient temperatures. The can segment accounted for the second-largest market share in terms of revenue in 2020.

The metal segment as a material type is expected to hold one of the largest share in the beverage packaging market, in terms of value, in 2021

On the basis of material type, the market is classified into metal, plastic, glass, paper & paperboard, and others. Beverage containers can be rigid or flexible. Rigid containers include glass and plastic bottles, metal cans, wood boxes, and drums. They give physical protection to the product inside it. Flexible packaging includes a major group of material types, such as plastic films and papers. Beverage packaging manufacturers combine two or more packaging material types of different characteristics to develop a multi-featured packaging solution that is convenient, safe, cost-effective, and recyclable. Metal segment dominated the market with largest share. The resilience and recyclability offered by metals are the two major factors driving the growth of the market.

By product type, non-alcoholic beverage will drive the demand for beverage packaging, in terms of value, in 2021

Based on product type, the market is categorized as a non-alcoholic beverage, alcoholic beverage, and dairy beverage. The non-alcoholic beverage segment is dominated in the market. A non-alcoholic beverage usually acts as refreshment drinks for the majority of the population. Hence it captures a major market share in the overall beverage market. The non-alcoholic beverage market is flooded with a large number of strong brands of all product categories that make the market highly competitive. Therefore, in order to retain its customers and gain new customers, the players are coming up with a diversified range of products in beverages. The dairy beverage segment is projected to grow at the highest CAGR of during the review period.

Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=1222

Asia Pacific is projected to dominate the majority market share, in the global beverage packaging market, in terms of value, in 2021

On the basis of the regional area, the market is segmented into North America, Europe, Asia Pacific, South America, and Rest of World (RoW). Due to the increase in population and rise in disposable income, Asia Pacific is projected to account for the largest share during the review period. Global players such as Ball Corporation (US) and Crown Holdings Inc (US) are entering the Asia Pacific market by developing new manufacturing plants in the region. Rapid industrialization and urbanization, increase in environmental concerns, rise in disposable income of growing middle class, and lower production of fresh food & beverage products are factors propelling the usage of processed food & beverage products, consequently fueling the demand for beverage packaging market in this sector.

This report includes a study on the marketing and development strategies, along with a survey of the product portfolios of the leading companies operating in the beverage packaging market. It includes the profiles of leading companies, such as Amcor Group GmbH (Switzerland), O-I Glass, Inc. (US), Crown Holdings, Inc (US), Ardagh Group S.A. (Ireland), Verallia SA (France), Tetra Pak Group (Switzerland), Ball Corporation (US), Vidrala S.A. (Spain), Toyo Seikan Group Holdings, Ltd. (Japan), and CPMC Holdings Limited (China), among others.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/beverage-packaging-market-1222.html