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Beverage Packaging Market - Production, Sales, Supply, Demand, Analysis & Forecast to 2025
Press release from: Future Market Insights
PR Agency: Future Market Insights
The global beverage packaging market, valued at over US$ 186 billion in 2015, is expected to increase at a compound annual growth rate of over 3% through 2020 and beyond. In the backdrop of innovation in packaging techniques, beverage companies are able to experiment with their packaging, enhancing their functionality and sustainability. The key trend expected to shape up the beverage packaging landscape during the forecast period 2015-2025 are,
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Shift from glass to plastic
Plastic bottles are becoming more ubiquitous by the day owing to their advantages over glass bottles. Choosing plastic over glass is an easy decision for manufacturers looking to reduce weight, speed up transportation, and reduce packaging costs. Polyethylene terephthalate (PET) bottles are expected to witness steady demand from end-use sectors during the forecast period 2015-2025.
Increasing emphasis on personalisation
Beverage packaging has relied upon the mass production model for years; however, as consumer aspirations shift to personalisation and greater customisation, brands are adopting collaborative design ideas to cater to the shifting trends. Co-creation is gathering steam in the beverage packaging landscape, with Coca Cola and Nutella collaborating with consumers to create the packaging that they desire.
Increase in one-person packaging
Packages designed for one-person households are gaining traction as the percentage of one-person households continue to increase in key, lucrative markets. During the forecast period, multipacks of individual portions will include a significant revenue share of the global beverage packaging market.
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Next-generation packaging will make inroads
The next-generation packaging market, valued at over US$ 32 billion in 2015, will witness steady increase in global revenues, and reach US$ 58 billion by 2025. Active packaging, intelligent packaging, and modified atmosphere packaging are expected to gain adoption among end-users.
Beverage Packaging Market: Region-wise Analysis and Forecast
Asia Pacific (excluding Japan) and North America will continue to be the two largest markets for beverage packaging globally, closely followed by Western Europe. The beverage packaging market in APEJ will continue to witness steady gains during the forecast period. Accounting for a revenue share of over 25% in 2015, the APEJ market will continue to offer growth opportunities to existing and new entrants, as the beverage industry in the region witnesses a period of progression. Among all the regions, the market will witness fastest gains in APEJ.
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.
FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.
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This release was published on openPR.
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