Beverage Packaging Market Forecast: 4.1% CAGR by 2027
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.
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.
The beverage packaging market is anticipated to register a CAGR 4.1% in terms of value during the forecast period of 2019-2027.
Get a Sample Copy of Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-196
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.
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.
Request a Complete TOC of this Report with figures: https://www.futuremarketinsights.com/toc/rep-gb-196
Market Taxonomy
The global beverage packaging market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
Product Type
- Liquid Cartons
- Beverage Cans
- Glass Bottles
- Plastic Bottles
- Others
Material Type
- Glass
- Plastic
- Metal
- Paper/Paperboard
Application
- Alcoholic Drinks
- Non-Alcoholic
Region
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- MEA
- Japan
Feel free to ask your queries at https://www.futuremarketinsights.com/ask-question/rep-gb-196
Explore FMI’s Extensive Coverage on Packaging Domain
Packaging Tubes Market: The packaging tubes market is estimated at US$ 3.2 Bn in 2022 and is projected to reach US$ 4.4 Bn by 2028, at a CAGR of 5.0% from 2022 to 2028.
Bagasse Tableware Products Market: The bagasse tableware products market revenue is expected to register y-o-y growth of 4.3% and reach US$ 1.95 Bn in 2021. This demand for bagasse tableware products will accelerate with top-tier players holding 25% to 30% of the total sales of bagasse tableware products.
Nylon Films for Liquid Packaging Market: The global nylon films for liquid packaging market is estimated to value at US$ 454 million in 2022 and is projected to reach US$ 599 million by 2027, at a CAGR of 5.7% during the forecast period.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact:
Corporate Headquarter
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com/
Report: https://www.futuremarketinsights.com/reports/global-beverage-packaging-market
Press Release Source: https://www.futuremarketinsights.com/press-release/global-beverage-packaging-market
