Beverage Packaging Market 2021-2027 Size, Share, Recent Enhancements And Regional Analysis

Precision Business Insights published a research report on “Global Beverage Packaging Market: By Material (Glass, Metal, Paper, Plastic and Others), By Product Type (Bottles, Boxes, Cans, Pouches and Others), By Type of Beverages (Alcoholic Drinks, Carbonated Drinks, Energy Drinks, Juices, Milk, Water and Others) and Geography- Global/Region/Country Forecast to 2027”. The global beverage packaging market was valued at US$ 137 Billion in the year 2020 and expected to grow US$ 196.66 Billion at a CAGR of 5.3% over the forecast time span 2021-2027.

Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on “Global Beverage Packaging Market: By Material (Glass, Metal, Paper, Plastic and Others), By Product Type (Bottles, Boxes, Cans, Pouches and Others), By Type of Beverages (Alcoholic Drinks, Carbonated Drinks, Energy Drinks, Juices, Milk, Water and Others) and Geography- Global/Region/Country Forecast to 2027”.

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Growing Demand for Sustainable and Convenient Packaging Solutions is driving the Global Beverage Packaging Market
The world population is growing at a rate of 1.2% every year over the past 7 years and hence the consumption of beverages has also increased to 3.6% every year. New additions like vitamin water, sports and energy drinks provide targeted proposition and give advantage for particular consumption, whereas, milk, alcoholic beverages, juices and aerated drinks are the traditional categories, which have well-defined consumption. In addition, increasing preference towards stand-up pouches and bag-in-box packaging for beverages because of the huge consumption of bottled water will fuel the growth of market. Furthermore, vendors are also introducing novel packaging, which not only appeal to customers in terms of handling and visuals but also beneficial for supply chain management due to the strong competition in the market.

There are some of the major factors fuelling the beverage packaging market growth such as growing disposable income, increase in consumption of bottled water, changing customer preferences, growing adoption of Bioplastics as well as rising demand for sustainable and convenient packaging solutions. On the other hand, unpredictability of raw material costs and environmental norms against certain kind of plastics are the major factors hampering the growth of market. Risks linked with packaging materials are restraining the market growth. Packaging consists of residues from elements utilized during manufacturing like solvents, along with non-intentionally added elements like impurities and degradation products. But, these factors contribute towards growing concerns regarding the harm caused to both human health and environment. Therefore, risks connected with such materials are hindering the growth of market.

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Asia Pacific Witnesses huge Revenue Share in the Global Beverage Packaging Market
Asia Pacific witnessed huge revenues hare in the global beverage packaging market with significant CAGR rate. This region is experiencing huge growth because of the growing income levels and continuous population shift from rural to urban, in leading countries. A few other market fuelling factors in the region are changing customer preferences and growing economies in the region. Furthermore, the leading economy China is the chief contributor for the market growth.

Competitive Analysis - Global Beverage Packaging Market
Major players working in the global beverage packaging market are Alcoa Inc. (US), Amcor Limited (Australia), Ball Corporation (US), Crown HoldingsInc. (US), Mondi plc (UK), Rexam PLC (UK), Reynolds Group Holdings Ltd. (New Zealand), Saint-Gobain S.A. (France), Stora Enso Oyj (Finland) and Tetra Laval International S.A. (Switzerland).

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