Beverage Container Market Analysis, Size, Growth, Demand and Outlook 2022- Piramal Glass Private Limited(Piramal Group), Gerresheimer AG, Vidrala SA

The Beverage Container market report provides information regarding market size, share, trends, growth, cost structure, global market competition landscape, market drivers, challenges and opportunity, capacity, revenue and forecast 2028. This report also includes the overall and comprehensive study of the Beverage Container market with all its aspects influencing the growth of the market. This report is an exhaustive quantitative analysis of the Beverage Container industry and provides data for making strategies to increase market growth and effectiveness.

The beverage container market was valued at USD 204.02 billion in 2019 and is expected to reach USD 283.98 billion by 2027, at a CAGR of 5.08% over the forecast period 2022 - 2027

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Markets Segmentation:

Top leading Companies Profiled in Beverage Container Market Report are Ê- Ardagh Group, Piramal Glass Private Limited(Piramal Group), Gerresheimer AG, Vidrala SA, Owens Illinois Inc., Vetropack Holding AG

News and Updates

- In February 2022 - Amcor announced its latest and custom designs at the Wine and Symposium, North America. The company also announced a collaboration with Garc_on Wines, a British start-up. Through this collaboration, Amcor will produce flat wine bottles made with post-consumer recycled (PCR) PET plastic in the United States.

- In January 2022 - Ardagh Group, Glass - North America, a business unit of the Ardagh Group SA and the largest domestic manufacturer of glass bottles for the US wine market, introduced six new sophisticated glass wine bottle designs.

Market Overview

The growth of this market is fueled by increasing applications, technological advancements, and the growing demand in developing regions, such as the Asia-Pacific and Latin America. This growth can be attributed to rising disposable incomes, growing population, and increasing dependence on the consumption of beverages.

- Improvements in technology indicate sustainable growth in the beverage container market. The manufacturers are now able to offer similar strength with reduced thickness, weight, and material used. This enables them to provide better solutions while maintaining a lower cost. The lower price is significant because it operates in very low-profit margins of nearly 8% to 10%. For instance, glass packaging is 100% recyclable, making it a desirable packaging option from the environmental point of view. Six metric tons of recycled glass directly saves six metric tons of resources and reduces the emission of CO2 by one metric ton.

- The rising trend for reusability of beverage bottles and containers is termed as re-commerce. Re- commerce has enabled packaging players to supply their products in glass bottles. This is expected to bolster the adoption of reusable beverage bottles and containers over the forecast period. For instance, in January 2019, the launch of Loop, a durable packaging initiative run by New Jersey-based recycling company, TerraCycle, that debuted at the World Economic Forum, allows the use of steel, glass, and durable plastic reusable packaging for everyday items. The initiative enables the user to order products made by the participating companies, which are delivered in special reusable packaging, with manufacturers redesigning product containers for some of their most popular products.

Regional Analysis:

Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Malaysia, and Others), North America (United States, Canada, and Mexico), Central & South America (Brazil, and Rest of South America), Europe (Germany, France, UK, Italy, Russia, and Rest of Europe), Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa and Other)

North America to Hold Maximum Market Share

- The packaging is the most critical factor that plays an essential role in the widespread consumption of beverages around the world. The strong demand for sustainable and convenient packaging solutions will drive the demand for beverage containers in North America. According to the Association for Packaging and Processing Technologies (PMMI) 2018 Beverage Report, the North American beverage industry is expected to register a growth of 4.5% during the period 2018-2028.

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Key Takeaways from Beverage Container Report

─Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals

─Understand the different dynamics influencing the Beverage Container market - key driving factors, challenges and hidden opportunities.

─Get in-depth insights on your competitor performance - Beverage Container market shares, strategies, financial benchmarking, product benchmarking, SWOT and more

─Analyze the sales and distribution channels across key geographies to improve top-line revenues.

─Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.

─Get a quick outlook on the market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.

─Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the Beverage Container

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In conclusion, the Beverage Container market report presents the descriptive analysis of the parent market supported elite players, present, past and artistic movement information which is able to function as a profitable guide for all the Beverage Container Industry business competitors. Our expert research analyst's team has been trained to provide in-depth market research reports from every individual sector which will be helpful to understand the industry data in the most precise way.

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