With a 4.1% CAGR, the market for beverage packaging is projected to reach US$ 156.7 billion in 2032. In 2022, the market is anticipated to be worth US$ 104.8 billion. In order to accommodate the expanding customer demand, eco-friendly packaging measures are being introduced along with numerous technological advancements in the beverage packaging industry as the market matures.
Beverage packaging plays a crucial role in preserving the quality and extending the shelf life of various beverages, including carbonated drinks, juices, energy drinks, and alcoholic beverages. The global Beverage Packaging Market has experienced significant growth in recent years, driven by the rising demand for convenience beverages and the increasing focus on sustainable packaging solutions. This article delves into the dynamics of the Beverage Packaging Market, explores key trends and drivers, and analyzes the competitive landscape.
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.
Identify key trends, drivers, and challenges in the market, which will help vendors improve their strategies to stay ahead of their competitors. View our PDF Sample Report https://www.futuremarketinsights.com/reports/sample/rep-gb-196
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., B
- all 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.
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.
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.
Ask An Analyst @
https://www.futuremarketinsights.com/ask-question/rep-gb-196
Key Drivers and Trends
a) Rising Demand for Convenient Packaging Solutions: In today’s fast-paced world, consumers are increasingly seeking convenience in their beverage consumption. This has led to a surge in demand for portable and easy-to-use packaging formats, such as single-serve bottles, cans, and pouches.
b) Growing Awareness of Sustainable Packaging: With the increasing focus on environmental sustainability, beverage manufacturers are actively adopting eco-friendly packaging solutions. Materials like recycled plastic, compostable materials, and lightweight packaging options are gaining popularity in the market.
c) Shift Towards Premium Packaging: As consumers become more discerning about their beverage choices, the demand for premium packaging is on the rise. Elegant designs, innovative shapes, and unique closures are being employed to enhance the overall brand experience.
Beverage Packaging Market by Category
By product Type:
- Liquid Cartons
- Beverage Cans
- Glass Bottles
- Plastic Bottles
- Others
By Material:
- Glass
- Plastic
- Metal
- Paper/Paperboard
By Application:
- Alcoholic Drinks
- Beer
- Wine
- Non-Alcoholic Drinks
- Fruit Juices
- Carbonated Drinks/Soda
- RTD Beverages
Request Customization of the Report @
https://www.futuremarketinsights.com/customization-available/rep-gb-196
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
LinkedIn| Twitter| Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com
