The global beverage container market size is expected to reach around US$ 251 billion by 2026 and growing at noteworthy CAGR around 4.2 % throughout the forecast period 2019 to 2026.
Beverage container refers to the packaging of beverages with jars & bottles, cartons, pouches, bags-in-boxes or cans. These containers are manufactured from the paperboard, plastics, glass or metals, and also from the combination of the all with the application in non-alcoholic and alcoholic beverages. Plastic containers are widely used because of several benefits associated with the packaging of plastic such as toughness, ease of production and energy saving. Additionally, plastic containers are also safe for use, recyclable and economical manufacturing. Apart from this, non-alcoholic beverages such as bottled water, sports drinks, carbonated soft drinks, liquid dairy products, and varies types of juices are packaged in these beverage containers.
The increasing demand for packaged products across the globe is primarily driving the market growth. The rising trend of hectic lifestyle, consumers are looking for the more convenient options in daily life, which is another factor fuelling the demand for beverage containers. The rising demand for hygiene along with the increasing demand for extended shelf life is also boosting the market value. The presence of a large customer base in economies including China and India is further stimulating the demand for beverage containers. The rising awareness about the healthy lifestyle among individuals is driving the demand for protein-based beverages and herbal drinks these are also important factor accelerating the market growth. Apart from this, beverage containers offer leakage-free packaging, a barrier against oxygen and light which can change the flavor and freshness of the drink. Ongoing R&D by major players and new product development along with the advanced technologies are also propelling the demand in the market.
However, stringent environmental norms associated with the use of plastic packaging by governments of different economies are expected to hamper the growth of beverages container market. Whereas, innovation of recyclable products, which comply with the sustainability standards and FDAregulations are likely to create potential opportunity over the forecast period.
The cartons dominated the container type segment with largest market share in the year 2018 and the segment is also projected to maintain its dominance during the forecast period. The segment is primarily growing due to the easy customization and transportation, along with the bulk packaging of beverages. The increasing demand for biodegradable and eco-friendly packaging solution among the customers because of the rapidly growing carbon footprints is further supporting the growth of the carton containers.
The plastic materials beverage containers held the largest market share in the year 2018 and the segment is also expected to continue its dominance over the forecast period. The benefits offered by plastic containers like the economical cost of manufacturing, easy production, and customization of shapes and sizes among others are the major factors contributing to the growth of the segment. Apart from this, the glass containers are projected to be the fastest-growing market over the precast period. The rising awareness about the healthy lifestyle among individuals across the globe is primarily contributing to the growth of glass containers in the market.
The non-alcoholic beverages dominated the global beverage container market in 2018. The non-alcoholic beverages including carbonated soft drinks, juices, bottled water, dairy, and sports drinks are supporting the growth of the segment. The rising awareness among the people about healthy lifestyle is further driving the demand for health-drinks such as protein supplements among others are also propelling the market value. Along with this, the alcoholic beverages applications are expected to be the fastest-growing market over the forecast year from 2018 to 2026.
The market research study on “Beverage Container Market – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2026”, offers a detailed insights on the global beverage containers market entailing insights on its different market segments. Market dynamics with drivers, restraints, and opportunities with their impact are provided in the report. The report provides insights into the global beverage container market, its material, container type, application, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers the global beverage container market size and volume, and segment markets by material, container type, application, and geography along with the information on companies operating in the market. On the basis of region, the global beverage containers market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East and Africa. For each region, the market size and volume for different segments have been covered under the scope of the report.
North America accounted as the leader in the market and also expected to continue with the same dominance over the forecast period. The market is mainly growing owing to the rising demand for easy to carry packaged products. The presence of the working population in the region is driving the demand for beverage container. North America is followed by the Asia Pacific in terms of market share. Apart from this, Asia Pacific is also projected as the fastest growing market by region owing to the presence of a large customer base. The rapidly growing demand for packaged products in the emerging economies is further boosting the market value.
The players profiled in the report include Ball Corporation, Amcor Limited, PARKER HANNIFIN CORP, Silgan Holdings Inc., HUBER Packaging Group GmbH, Owens-Illinois Inc. and Ardagh Group. The major companies are engaging in mergers & acquisition and strategic alliances with universities and academic institutes to develop innovative products and maintain a competitive image over other competitors.
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Market By Container Type
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