Beverage Packaging Market Size to Reach US $ 220 Billion by 2028; Industry Compound Annual Growth Rate of 5.5%

The global Beverage Packaging Market size is projected to reach USD 220 Billion by 2028, from 136 Billion in 2019, at a Compound Annual Growth Rate (CAGR) of 5.5% during the forecast period. Exactitude Consultancy with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. Beverage Packaging Market Business strategies of the key players and the new entering market industries are studied in detail. Well explained SWOT analysis, revenue share and contact information are shared in this report analysis. It also provides market information in terms of development and its capacities.

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Companies Profiled in Beverage Packaging Market Report:

Amcor Group GmbH (Switzerland), O-I Glass, Inc. (US), Crown Holdings, Inc (US), Ardagh Group S.A. (Ireland), Verallia SA (France), Tetra Pak Group (Switzerland), Ball Corporation (US), Toyo Seikan Group Holdings, Ltd. (Japan), and CPMC Holdings Limited (China).

Focus towards Innovative Packaging Solutions to Accelerate Business

Packaging design plays an important role in attracting consumers. Key players in the market are focused on developing new innovative designs and solutions to better cater to the demand of the consumers. Attractive & personalized packaging, which will not only evoke customers but also preserve the contents of the product. For instance, in 2019, Johnnie Walker, a well-known scotch whiskey brand introduced "Game of Thrones" (GoT) edition 'White Walker Scotch Whisky' to attract massive GoT fan base to purchase its product. Moreover, the implementation of various marketing strategies and innovative solutions by key players will boost the beverage packaging market revenue during the forecast period.

Adoption of Marketing Strategies by key Players to Consolidate Market

The key players in the market are adopting marketing strategies such as strategic partnerships, new product launch & development, mergers & acquisitions, and agreements to strengthen product portfolio and enhance competition. For instance, in January 2020, Ball Corporation, a manufacturer of a wide range packaging solution, introduced an "infinitely recyclable" aluminum bottle line to support its customers amidst regulatory changes on the use of plastic and create a circular economy. In addition, the emphasis on packaging design and solution will facilitate the market in the forthcoming years.

Market Dynamics

The Beverage Packaging Market variables explored for estimating the market valuation are growth engines, hurdles, opportunities, and threats. These variables and their role in predicting the ups and downs of the industry make the majority of the report. They are used in sizing the value of segments and sub-segments of the market. Moreover, the insights gleaned through astute market research are based on proven methodologies such as Porter's Five Forces model and can prevent investment mistakes.

Market Segmentation

By Packaging Type: Bottle, Can, Carton, Pouch, Other Packaging Type

By Material Type: Metal, Plastic, Glass, Paper & Paperboard, Other Material Type

By Beverage Packaging: Non-Alcoholic Beverages, Alcoholic Beverages, Dairy Beverages

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Exactitude Consultancy follows a robust research methodology that involves data triangulation based on top-down, bottom-up approaches, and validation of the estimated market numbers through primary research. The information used to estimate the market size and forecast for various segments at the global, regional, and country level is derived from the most credible published sources and through interviews with the right stakeholders.

Growth rate or CAGR exhibited by a market for a certain forecast period is calculated on the basis of various factors and their level of impact on the market. These factors include market drivers, restraints, industry challenges, market and technological developments, market trends, etc.

Further Report Findings:

Regional Analysis: The presence of leading players in the USA and Canada will also aid growth in North America. Europe is predicted to witness significant growth during the forecast period owing to the high demand for alcoholic beverages in the region.

Leading Segment: The plastic segment is predicted to account for the lion's share during the forecast period owing to the high demand for disposable beverage packaging. The plastic also preserves the content of the product, which will further spur the demand of the segment.

Secondary Research Is Conducted To Derive The Following Information:

• Details such as Beverage Packaging Market share, revenues, strategies, growth rate, product & their pricing by region/country for all major companies

• Details in relation to product type, application, distribution channel, business strategies, etc.

• Estimating demand of end user by region/country and average IT spending on procuring different product type and services

• Market dynamics in relation market under focus - Drivers, restraints, opportunities and trends

• Beverage Packaging Market & technological trends, product pipeline, new product developments, etc.

Statistical Analysis

The data is generally gathered in various arrangements such as charts, graphs, infographics, trends, documents and records from various manufacturers and retailers. Our subject experts gather, collect, and interpret such data to form significant databases. Our team then works with large data volumes to analyze core developments, evaluate Beverage Packaging Market estimations, and identify trends.

We provide statistical modelling, inferential statistical analysis, descriptive statistical analysis, and predictive analysis among various other types of studies. Thus, we provide customized reports with data preparation, management, and analysis. We also have a continuous feedback system, wherein our team ensures that new market developments are accurately incorporated in the previous databases.

Surveys And Discussion With Industry Leaders

Conducting primaries of industrial experts and subject experts is one of the most important steps of our research analysis. It is a continuous process and is carried out at each level along the value chain. To ensure that the market estimates are unbiased and depict the actual market scenario, we carry out questionnaires-based research and telephonic discussions with raw material suppliers and manufacturers, product manufacturers and distributors. Additionally, we also cover insights from representatives of regulatory bodies and industry associations.

With the help of insights collected from industrial experts, we are able identify market segments and key parameters including spending habits of consumers, raw material and production trends, pricing mechanism, and expansion plans of Beverage Packaging Market players. This helps us in providing an-depth analysis of the concerned market.

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This release was published on openPR.