Worldwide Beverage Packaging Market Size to Touch US $ 220 Billion by 2028; Beverage Packaging Market Share [2021-2028]

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.

The Global Beverage Packaging Market size 2023 research report covers explicit information regarding the development rate, market estimates, drivers, limitations, future-based demand, and revenue during the forecast period. The report explores the current outlook in global and key regions from the perspective of players, countries, product types and end industries.

Additionally, the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. The Global Beverage Packaging Market consists of data accumulated from numerous primary and secondary sources. This information has been verified and validated by the industry analysts, thus providing significant insights to the researchers, analysts, managers, and other industry professionals. This document further helps in understanding market trends, applications, specifications, and market.

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Acquisition of Signode by Crown Holdings to Propel Market

Crown Holdings, an American leader in metal beverage and food cans, aerosol metal containers, metal closures, and specialty packing, announced that it completed the acquisition of Signode Industrial Group Holdings (Bermuda) Ltd, a leader in packaging system and solutions. The strategic agreement between the company can boost the beverage packaging market sales during the forecast period due to the strong and enhanced portfolio of the company, which will further broaden and diversify the customer base.

Moreover, increasing acquisitions and partnerships among key players will subsequently uplift the beverage packaging market trend in the forthcoming years. For instance, Berry Global Group, Inc., a global manufacturer and marketer of plastic packaging products, announced the completion of its acquisition of RPC Group Plc (RPC), one of Europe's largest suppliers of plastic packaging. The agreement involved a transaction of $6.5 billion, which includes approximately $4.3 billion of cash paid for the equity interest in RPC and $2.2 of net debt and estimated transaction-related costs, subject to closing adjustments. In addition, the strategic development is predicted to offer protective solutions to the plastic packaging industry, which in turn will augur well for the market.

Pre-Post COVID-19 Impact on Global Beverage Packaging Market

COVID-19 is an infectious disease caused by the most recently discovered novel corona virus. Largely unknown before the outbreak began in Wuhan (China) in December 2019, COVID-19 has moved from a regional crisis to a global pandemic in just a matter of a few weeks. 

In addition, production and supply chain delays were also witnessed during the second quarter which poised a challenge to the Beverage Packaging Market, since end-user industries were still not operating at their full capacity.

Secondary Research:

Beverage Packaging Market research study made extensive use of secondary sources, directories, and databases such as Hoover's, Bloomberg BusinessWeek, Factiva, and OneSource to identify and collect information useful for a technical, market-oriented, and commercial study of the global portable generator market. Other secondary sources included company annual reports, press releases, and investor presentations, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.

Primary Research:

Various sources from both the supply and demand sides were interviewed during the primary research process to obtain qualitative and quantitative information for this report. Primary sources included industry experts from the core and related industries, as well as preferred suppliers, manufacturers, distributors, technology developers, researchers, and organizations from all segments of the value chain of this industry. To obtain and verify critical qualitative and quantitative information, in-depth interviews were conducted with a variety of primary respondents, including key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants.

Estimation of Market Size

The total size of the Beverage Packaging Market was estimated and validated using both top-down and bottom-up approaches. These methods were also widely used to estimate the size of various market sub segments. The following research methodologies were used to estimate market size:

Extensive secondary research was used to identify the industry's key players.

The revenues generated by the market's leading players in molecular diagnostics have been determined through primary and secondary research.

All percentage shares, splits, and breakdowns were calculated using secondary sources and confirmed using primary sources.

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Some of the Key Questions Answered in this Report:

What focused approach and constraints are holding the Beverage Packaging Market demand?

SWOT Analysis of each defined key player along with its profile and Porter's five forces analysis to complement the same.

What trends, challenges and barriers will impact the development and sizing of the Global Beverage Packaging Market?

Detailed Overview of Market will help deliver clients and businesses making strategies.

Influencing factors that are thriving demand and latest trends running in the market.

Market forecast for global Beverage Packaging Market split into segments like region, product, applications, end-user, technology, etc.

What is the Beverage Packaging Market growth momentum or market carries during the forecast period?

Which region may tap the highest market share in the coming era?

Which application/end-user category or Product Type may seek incremental growth prospects?

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