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Global beverage containers market size is anticipated to grow at a CAGR of over 3% from 2016 to 2023: Global Market Insights, Inc.

Global beverage containers market size is anticipated to grow

Global beverage containers market size is anticipated to grow at a CAGR of over 3% from 2016 to 2023 and it is estimated to exceed USD 65 billion by 2023. Demand growth can be subjected to attributes offered by containers such as external environment protection, product support along with tampering resistance to beverages.

Flourishing demand for alternatives to the carbonated drinks along with increasing consumer preferences for single serving containers is expected to drive beverage containers market growth over the forecast period. In addition, these containers also assist in minimizing post production damage which is further expected to fuel the industry demand.

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The U.S. beverage containers market size is forecast to reach 300 million units by 2023 growing at CAGR of over 2% from 2016 to 2023. The region is likely to be valued over USD 30 billion by 2023. Plastic containers in the U.S. are expected to continue its dominance by being fastest as well as fastest growing segment.

The gains in the region can be dedicated to superior prospects offered by polyethylene terephthalate (PET) containers in the ready-to-drink (RTD) sports drinks, tea and other non-carbonated RTD beverages sectors. Europe is projected to accumulate 29% of the overall industry share in 2014 and it is expected to witness considerable growth over the forecast period.

Metal beverage containers segment is the second largest beverage container type in terms of units is expected to register less growth owing to descending soft drink production and meagre increases in beer production from 2016 to 2023.

However, the industry is likely to gain its potential due to intense expansion of the energy and specialty drinks industry along with product innovations such as shaped and vented cans. In addition, inroads by cans in the craft beer market are estimated to support the beverage container market demand. Robust increase in demand for aluminium bottles can be subjected to the upscale appearance as well as product differentiation offered in beer industry.

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key industry participants occupying major beverage containers market share include Amcor Limited, Ampac Packaging LLC, Alcoa Incorporated, Anchor Glass Container Corporation, Ardagh Group SA, Anheuser-Busch, Ball Corporation, CCL Industries Incorporated, Berry Plastics Corporation, CKS Packaging Incorporated, Consolidated Container Company LLC, Coca-Cola Company Incorporated, Crown Holdings Incorporated, Empaque, Dean Foods Company, Evergreen Packaging, Gallo (E&J) Winery, Exal Group, Graham Packaging and Hindalco Industries Limited among others.

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Contact Us:
Jack Davis
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1 888-689-0688
Email: sales@gminsights.com
Web:https://www.gminsights.com

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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