Beverage Packaging Market 2019 - Global Industry Analysis & Future Growth Prospects to 2026 | Ball Corporation, Crown Holdings, Inc, Mondi plc, Orora Ltd, Stora Enso Oyj

Beverage Packaging Market by Packaging Material (Glass, Metal, Plastic and Paperboard), Beverage Type (Alcoholic Beverages and Non-Alcoholic Beverages), and Packaging Type (Bottle, Can, Cartons and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026". According to the report, the global beverage packaging industry was pegged at $86.1 billion in 2018 and is projected to reach $133.3 billion by 2026, registering a CAGR of 5.6% from 2019 to 2026.

Rise in demand for convenience packaging, surge in consumption of bottled water, and increase in adoption of automation in beverage packaging have boosted the growth of the global beverage packaging market. However, implementation of plain packaging for alcoholic and sugary drinks impedes the growth to certain extent. On the contrary, use of recycled plastic for beverage packaging and introduction of bio-plastics for beverage packaging are expected to create lucrative opportunities in the near future.

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The growing environmental problems due to plastic pollution has made it necessary to find alternatives for beverage packaging. In this context, the technological advancements in bio-plastics is projected to create growth opportunities for the market during the forecast period. Moreover, as per the beverage packaging market trends, the replacement of virgin plastic with recycled plastic or rPET is expected to create better opportunities for the beverage packaging companies to curb plastic pollution in the near future.

Based on beverage type, the non-alcoholic segment held the largest share in 2018, accounting for more than half of the global beverage packaging market. Furthermore, the segment is expected to maintain its dominance throughout the study period. Moreover, the segment is expected to portray the fastest CAGR of 6.1% during the forecast period. This is due to change in consumer preferences toward healthy beverages and constant developments of new beverages.

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Asia-Pacific accounted for the highest revenue in 2018 compared to other regions due to new innovations and technological advancements for plastic alternatives. In Asia-Pacific and LAMEA, the increasing consumption of bottled water and growing popularity of nutritional drinks is anticipated to boost the growth of beverage packaging in the near future.

The global beverage packaging market is segmented on the basis of packaging material, beverage type, packaging type, and region. By packaging material, the market is divided into glass, metal, polymers, and paperboard. By beverage type, it is classified into alcoholic beverages and non-alcoholic beverages. By packaging type, the market is classified into bottles, cans, cartons, and others. The others segment includes pouches and bag-in-box type of packaging. The bottles segment holds the highest contribution in the overall beverage packaging market share.

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Key offerings of the report:

1. Key drivers & Opportunities: Detailed analysis on driving factors and opportunities in different segments for strategizing.
2. Current trends & forecasts: Comprehensive analysis on latest trends, development, and forecasts for next few years to take next steps.
3. Segmental analysis: Each segment analysis and driving factors along with revenue forecasts and growth rate analysis.
4. Regional Analysis: Thorough analysis of each region help market players devise expansion strategies and take a leap.
5. Competitive Landscape: Extensive insights on each of the leading market players for outlining competitive scenario and take steps accordingly.

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