Beverage Container Market 2019-2024; Growth Forecast & Industry Share Report

An analysis of Beverage Containers Market has been provided in the latest report introduced by Global Market Insights, Inc. that primarily focuses on the market trends, demand spectrum, and future prospects of this industry over the forecast period. Furthermore, the report provides a detailed statistical overview in terms of trends outlining the geographical opportunities and contributions by prominent industry share contenders.

According to a new research report by Global Market Insights, Inc. Beverage Containers Market size is estimated to exceed USD 250 billion by 2025.

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Positive applications outlook for metal cans with increasing consumption of alcoholic and nonalcoholic beverages will create new opportunities for manufacturers. Increasing popularity of mini cans for carbonated soft drinks as well as sparkling beverages will help metal cans to maintain sizeable market share. Increasing necessity for extended product life and low manufacturing cost has prompted industry players focus on development of sustainable and durable packaging solutions.

Favorable government regulations and guidelines pertaining to the re-use of containers will further provide positive business outlook for manufacturers. FDA has laid down several guidelines pertaining to the re-use of containers. For instance, manufacturer may re-use the container as a refillable if the manufacturer considers the product to be suitable for re-use. However, overuse of containers as refillable pose threat to consumer health, thus may hamper growth of beverage containers market.

Plastic is anticipated to witness over 4% growth in terms of revenue up to 2025. Numerous advantages over conventional materials including improved safety, light weight, attractive and unique design will boost the segment growth. Beverage manufacturing companies are expected to prefer plastic over other packaging solutions, owing to their lower cost of production and ease of handling. However, increasing concern pertaining to environmental safety is anticipated to limit product usage in forecast timeframe.

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Nonalcoholic beverage containers market is anticipated to hold over 50% revenue share by 2025. Increasing consumer preference for bottled water in the developed and developing regions owing to growing concern regarding contaminants in drinking water will support this segment growth. Surge in demand for functional beverages among young generation in order to supplement health is propelling the non-alcoholic beverage market.

Asia Pacific beverage containers market will witness over 4% CAGR from 2019 to 2025. Key factors affecting the market include increasing awareness regarding healthy and nutritious beverages. Increasing consumption of alcoholic beverages in economies such as China, India, Japan, and South Korea are expected to support industry expansion. Growing concerns regarding the recyclability of disposed containers have been driving the trend for use of sustainable materials in beverage packaging. The continuously widening array of beverages in the industry are presenting new growth opportunities to market players operating in this region.

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Amcor Limited, Ball Corporation, Rexam Inc., Owens-Illinois, Silgan Holdings, Toyo Seikan Group Holdings, Huber Packaging Group, CLARCOR, and Ardagh Group are among the major beverage container companies. The global beverage containers market share is fragmented owing to the presence of medium, large regional and multinational players operating comprehensively. Collaborations, mergers & acquisitions, and portfolio expansion are among the key strategies to gain significant competitive share by the major industry players.

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