Overview:

The global beverage packaging market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. Packaging is done to protect any element from being tampered or been affected from external environmental factors and chemicals. Also, packaging aids in extending the shelf life of products.

The glass and plastic are most commonly used form of beverage packaging. The other packaging materials include metal, paperboard, and wood.

Market Dynamics:

Rising demand for non-alcoholic and alcoholic beverages globally is a key factor propelling demand for beverage packaging, thereby driving growth of the global market. In addition, use of particular color, font, and design for packaging is been used by key manufacturers for branding and for influencing brand awareness, which is another factor fueling growth of the global beverage packaging market.

However, stringent regulations and environmental legislations implemented by government authorities related to use of packaging materials and its standards is a key factor expected to hamper growth of the global beverage packaging market to a certain extent during the forecast period.

Key Trends:

Rising adoption of recyclable plastic for beverage packaging is a key trend observed in the global market. For instance, in February 2020, REBBL, a beverage manufacturing company announced that it will utilize 100% recycled and recyclable plastic for its products. Thus, rising adoption of recyclable products is expected to further propel the growth of the global market.

Regional Analysis:

For detailed understanding of market dynamics, the global beverage packaging market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The target market in Asia Pacific is accounted for highest share in terms of revenue in 2019 and is expected to maintain its dominance in the global beverage packaging market over the forecast period. This dominance can be attributed to increasing investment by leading beverage companies in setting up manufacturing plants in countries in the region coupled with increased modern retail in the region. The market in North America is expected to witness significant growth in terms of CAGR during the forecast period.

Scope of the Report:

Detailed Segmentation:

Global Beverage Packaging Market, By Material:

• Glass
• Plastic
• Metal
• Paperboard
• Others

Global Beverage Packaging Market, By Form:

• Bottle
• Can
• Pouch
• Carton
• Others

Global Beverage Packaging Market, By Application:

• Alcoholic Beverages
• Non-alcoholic Beverages
• Dairy Beverages

Key Players Covered:

Key players operating in the global beverage packaging market includes, Alcoa Inc., Amcor Limited, Owens-Illinois Inc., Ball Corporation, Crown Holdings, Inc., Mondi PLC, Rexam PLC, Reynolds Group Holdings Limited, Saint-Gobain S.A., and Tetra Laval International S.A.

Key Features of the Study:

Foresight Market Research provides detailed analysis on global market in our report- Global Beverage Packaging Market by material, form, application, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global beverage packaging market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, market expansion, and marketing tactics used overall the globe.