The global beverage packaging market size was estimated to be US$ 126.5 billion in 2020 and is expected to reach US$ 250 billion by 2031 at a CAGR of 6.4%. Appropriate design and reception of a beverage packing increases the time span of usability of the beverage, is helpful for the clients, and reduces the material expenses with respect to wastage.
The usage of various materials is chosen according to the timeframe of usability of the beverage, the compound organization of the beverage and the worth of the beverage that will be packed. The evolving interest for compact easy to carry packs, expansion popular for adaptable sacks and pockets and fuse of dynamic and smart models in beverage packaging speed up the beverage packaging market evolution during 2022-2032.
The utilization of the packaging to expand the time span of usability and the different sorts of materials like glass, polymers, metals, paperboard alongside their compounding in accord of the substance synthesis of the beverage and the worth of the beverage that will be packaged impact the beverage packaging market. Moreover, explicit rise in populace, drastic change in lifestyle and eating habits post 2020, need for better and advantageous packaging innovations, call for premium items and rising extra cash emphatically influence the beverage packaging market during 2022-2032.
The expanding utilization of non-alcoholic beer is expected to increase the demand for bottles in beverage packaging. Bottles additionally offer incredible accommodation in conveying and storage, proving it as the best choice for the purchasers. These factors are projected to encourage the demand of container packaging in the worldwide market. Flexibility and comfort offered by metal packaging is empowering the development of the segment. The metal utilized for beverages can be aluminum or steel.
The alteration in changing customer inclinations speeding up the utility of packaging materials fully intent on improving strength, aesthesis maintenance, heat protection, securing and boundary against dampness is one of the central point’s driving the development of beverage packaging market during 2022-2032.
North America is relied upon to remark critical development during the forecast time of 2022-2032 on account of the demand for plastic packaging and extension of the beverage industry. With the Coronavirus episode and an upsurge in demand for cocktails across the US and Europe, numerous packagers have detailed having been running on low stocks. Continuous testing in regard to utilization of reused plastic to supplant virgin plastic holders will help the beverage packaging organizations to keep up with ecological manageability just as safe costs on obtainment of new polymer materials, and in this manner, support the beverage packaging market during the forecast time frame of 2022-2032.
Global Beverage Packaging Market Value Share Analysis, by Geography (2021)
The report titled “Global Beverage Packaging Market - Global Market Share, Trends, Analysis and Forecasts, 2022-2032”, wherein 2020 is historic period, 2021 is the base year, and 2022 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the Global Beverage Packaging Market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.
The global Beverage Packaging market is segmented as material, packaging, application, and region. Based on material, the Beverage Packaging market is segmented into glass, plastics, metal, paperboard, and other. Based on packaging, the Beverage Packaging market is segmented into box, bottle, cartons, cans, pouch, jars, others. Based on application, the Beverage Packaging market is segmented into carbonated soft drinks, functional drinks, juices, alcoholic, milk, water, energy drinks, and others.
Based on geography, the Global Beverage Packaging Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is sub-segmented into the United States, Canada and Rest of North America. Europe is sub-segmented into Germany, United Kingdom, Italy, France, Spain, and Rest of Europe. Asia Pacific is sub-segmented into China, Japan, India, Australia, and Rest of Asia Pacific. Middle East & Africa is sub-segmented into Saudi Arabia, UAE, South Africa and Rest of Middle East & Africa. South America is sub-segmented into Brazil and Rest of South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment and would identify the segment of the company focusing on Global Beverage Packaging Market. Further, market share of prominent companies in the Global Beverage Packaging Market would also be estimated.
The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, swot analysis, and research and development focus of all the Beverage Packaging companies. The Global Beverage Packaging Market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution. Product portfolio would focus on all the products under the Beverage Packaging business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the Global Beverage Packaging Market.
The key players of the Global Beverage Packaging Market are Graham Packaging Company., O-I, BALL CORPORATION, Tetra Pak International S.A., Bemis Company, Inc., CAN-PACK S.A., CKS Packaging, Inc., Amcor plc, Crown, AptarGroup, Inc., Ardagh Group S.A., Mondi, Refresco Group, Pacific Can China Holdings Limited, Toko Seikan Group Holding, Stora Enso, Reynolds, Alcoa Corporation, Saint-Gobain Performance Plastics, Sonoco Products Company, and others.
Global Beverage Packaging Market Key Segments:
Based on material
Based on packaging
Based on application
By Region
The global Beverage Packaging market was worth US$ 126.5 billion in 2020.
The global Beverage Packaging market is expected to register a CAGR of 6.4% between 2022 and 2032.
Graham Packaging Company., O-I, BALL CORPORATION, Tetra Pak International S.A., Bemis Company, Inc. are few prominent players active in the market.
North America is the principal contributor to the global Beverage Packaging market.
The global Beverage Packaging market segmented on the basis of material, packaging, application and geography.
Copyright © 2024 Same Page Management Consulting Pvt. Ltd. (insightSLICE) | All Rights Reserved