The global beverage packaging market is expected to reach the market value of around US$ 190 Bn by 2026 and is anticipated to grow at a CAGR of around 5.2% in terms of revenue during the forecast period 2019 to 2026.
Beverage packaging is a significant part of the booming beverage industry. Beverage packaging is a complex process, and beverage diversification, such as alcoholic or non-alcoholic, requires various materials and containers. Proper design and adoption of a beverage package extends the beverage's shelf-life, is convenient to users, and saves the waste material costs.
The report provides analysis of global beverage packaging market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.
A change in consumer preferences towards longer shell-life drinks has prompted the beverage industry to provide safe and compact packaging options that reduce the storage costs. This serves as a contributing factor to expansion of the demand for packaging drinks. To meet consumer preferences and provide them with drinks from top-quality packaging firms, products are being produced that are robust, offering thermal insulation and moisture barrier.
Changing consumer preferences result in increased utility of packaging materials to improve strength, product preservation, heat insulation, sealing and moisture-free barriers. The steep demand for small packs provides a powerful push to the demand for flexible bags and pouches. Further help the industry achieve tremendous traction, the integration of active and intelligent structures in product packaging is also expected. The packaging industry is increasingly adopting intelligent systems to ensure maximum safety as well as maintaining the nutritional content of beverages.
In contrast, rising concerns about obesity and high intake of sugar lead many governments to implement strategies for plain packaging. The plain packaging applies to unattractive colors and images to reduce the consumption of unhealthy drinks such as soft drinks, alcohols, and sugar drinks. It is predicted that plain packaging would hamper the beverage packaging industry and thereby hinder its growth during the forecast period.
Asia Pacific comprises approximately 60 percent of the world's population and with growing urbanization, consumer spending is rising in countries such as China, India, Thailand and Malaysia. These patterns accompany the rise of the beverage industry. The global beverage sector has witnessed a shift in consumption of consumer beverages. Carbonated drinks have long been the major beverages, but with increased awareness of health-related problems from drinks that contain sugar consumers are shifting to functional drinks and bottled waters.
The market research study on “Beverage Packaging Market (By Type: Rigid, Semi Rigid, Flexible; By Material: Paper, Metal, Plastic, Glass; By Product: Cans, Bottles, Pouch, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026” offers a detailed insights on the global Beverage Packaging 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 also provides competitive landscape to understand the current stance of particular player. The report provides insights on global beverage packaging market, its type, material, product, and major geographic regions. The report covers global beverage packaging market size, and segment markets by type, material, product, and geography along with the information on companies operating in the market. The Beverage Packaging market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.
The global Beverage Packaging market is segmented as below:
Beverage Packaging Market By Type
Beverage Packaging Market By Material
Beverage Packaging Market By Product
Beverage Packaging Market By Geography
Middle East & Africa
Key Players and Market Situation
Players profiled in the report are Crown Holdings, Inc., Amcor plc, SIG Combibloc Group AG, Ball Corporation, Orora Limited, Mondi plc, Reynolds Group Holdings Limited, and Others.
In 2019, Amcor has developed a new collection of polyethylene terephthalate (PET) bottles for the Brazilian Age craft beer company Salzburg. The new bottle provides a shelf life of four months and offers 100 percent recycling in the existing recycling techniques. The bottle has a glass-like look and a metal crown to make it more attractive to clients.
The market value of beverage packaging is anticipated to be around US$ 190 Bn in 2026.
It is anticipated to grow over 5.2% CAGR amid the forecast period.
Asia Pacific held maximum share in 2018 led by the China.
North America is projected to grow at a fast pace during forecast period.
A change in consumer preferences towards longer shell-life drinks has prompted the beverage industry to provide safe and compact packaging options that reduce the storage costs.
Rising concerns about obesity and high intake of sugar lead many governments to implement strategies for plain packaging
Rigid, Semi Rigid and Flexible are the types of beverage packaging market.