Beverage Packaging Market to Reap Excessive Revenues by 2022-2027

The beverage packaging market is expected to surpass US$ 128.2 Bn by 2027, likely to Grow Moderately at 4.1% CAGR during the assessment period.

Beverage packaging manufacturers have witnessed an increasing demand for smaller pack sizes, which has led to a rise in demand for beverage cans, as they are convenient for carrying. However, rising awareness regarding sugar content in soft drinks, and the resultant health effects has led to a meteoric increase in the consumption of bottled water in the beverage packaging market.

In the beverage packaging market, brand owners in developed countries such the U.S. have been quick to capitalize on this growing demand and offer seasonal flavoured water, such as chocolate peppermint.

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High consumption of alcohol in developed and developing economies is expected to bolster the demand for beverage packaging, especially beer bottles and beverage cans, during the next ten years. High demand for flavoured alcoholic beverages, wine, soft drinks, and energy drinks are expected to bolster the sales of beverage cans in the beverage packaging market.

Key Takeaways of Beverage Packaging Market Study

According to FMI analysis, glass is expected to remain the top revenue generating segment in the beverage packaging market. However, it is expected to witness a decline during the forecast period, owing to the shift in preference for plastic packaging solutions, due to the brittle nature of glass.

The growth in consumption of bottled water is expected to continue in the beverage packaging market as more consumers continue to make the shift from carbonated drinks to low-sugar drinks. This is attributed to rising consumer awareness regarding the health effects associated with the consumption of carbonated drinks.

The Asia Pacific except Japan (APEJ) Beverage packaging market is identified as the most lucrative geographic region, wherein China & India represent a substantial total incremental opportunity over the forecast period.

"The beverage packaging industry is characterized by several design-level trends. One of the most prominent trends is an inclination of beverage packaging manufacturers towards packaging design innovation, keeping consumer convenience at the center. Many vendors focus on lightweight feature to help beverage packaging manufacturers in their efforts to reduce transit costs," says an FMI analyst.

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Beverage Packaging Market by Category-

By product Type:
Liquid Cartons
Beverage Cans
Glass Bottles
Plastic Bottles
Others

By Material:
Glass
Plastic
Metal
Paper/Paperboard

By Application:
Alcoholic Drinks
Beer
Wine
Non-Alcoholic Drinks
Fruit Juices
Carbonated Drinks/Soda
RTD Beverages
Beverage Packaging Market Landscape

Key players in the beverage packaging market such as Ball Corporation and Crown Holdings, Inc. emphasize on product development by adopting smart packaging technology, such as smart beverage cans, which can connect with electronic devices to interact with the user. Key players operating in the global market for Beverage packaging include Crown Holdings, Inc., Amcor Limited., Ardagh Group S.A., Ball Corporation, Gerresheimer AG., Owens-Illinois, Inc., Berry Global, Inc., Beatson Clark Ltd., Intrapac International Corporation, BA Glass Germany GmbH., Nampak Ltd., Vidrala S.A., Silgan Containers LLC., Mahmood Saeed Beverage Cans & Ends Industry Company Ltd., and Orora Packaging Australia Pty Ltd.

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Table of Content
1. Executive Summary

1.1. Market Overview

1.2. FMI Analysis and Recommendations

1.3. Wheel of Opportunity

Market Introduction
2.1. Market Definition

2.2. Market Taxonomy

Market Viewpoint
3.1. Porter's Five Force Analysis

3.2. Global Packaging Industry Outlook

3.3. Market Dynamics

3.3.1. Drivers

3.3.2. Restraints

3.3.3. Trends

3.3.4. Opportunities

Global Beverage Packaging Market Analysis By Region
4.1. Introduction

4.2. Historical Market Size (US$ Mn) and Volume (Tonnes) Analysis 2012-2021 By Region

4.2.1. North America

4.2.2. Asia Pacific Excluding Japan

4.2.3. Western Europe

4.3. Current Market Size (US$ Mn) and Volume (Tonnes) Forecast 2022-2027 By Region

4.3.1. North America

4.3.2. Asia Pacific Excluding Japan

4.3.3. Western Europe

4.3.4. Eastern Europe

TOC Continued…

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This release was published on openPR.