Global Beverage Packaging Market, By Material (Glass, Plastics, Metal, Paperboard, Others), Packaging Type (Box, Bottle, Cartons, Cans, Pouch, Jars, Others), Application (Carbonated Soft Drinks, Functional Drinks, Juices, Alcoholic, Milk, Water, Energy Drinks, Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Beverage Packaging Market
The beverage packaging market is expected to witness market growth at a rate of 4.83% in the forecast period of 2021 to 2028 and is expected to reach USD 30.57 billion by 2028. Data Bridge Market Research report on beverage packaging market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The growing adoption of bioplastics is escalating the growth of beverage packaging market.
Drinks packaging are designed with purpose of packaging liquids such as carbonated soft drinks, milks, water, functional drinks, alcoholic drinks and others. The packaging is utilized in materials such as plastic, glass, paperboard, metals and others. They help in keeping the product fresh and increase their shelf life. The common types of packaging are cans, jars pouch, bottle and others. These are available in different sizes and shape as per the need of the drinks.
The increase in changing consumer preferences accelerating the utility of packaging materials with the purpose of enhancing strength, aroma retention, heat insulation, sealing and barrier against moisture is one of the major factors driving the growth of beverage packaging market. The growing demand for small packs, increase in demand for flexible bags and pouches and incorporation of active and intelligent systems in beverage packaging accelerate the beverage packaging market growth. The use of the packaging to extend the shelf life and the various types of materials such as glass, polymers, metals, paperboards along with their combinations in accordance of the chemical composition of the beverage and the value of the beverage that is to be packaged influence the beverage packaging market. Additionally, growth in population, change in lifestyle, demand for better and convenient packaging technologies, demand for premium products and rising disposable income positively affect the beverage packaging market. Furthermore, growing of pet as packaging raw material, transforming unpackaged into packaged and emerging economies extends profitable opportunities to the beverage packaging market players in the forecast period of 2021 to 2028.
On the other hand, the implementation of stringent environmental legislations and sluggish demand for beverages are the major factors driving the beverage packaging market. Demand for eco-friendly packaging solutions, counterfeiting, issues with burning and infrastructural challenges in developing countries are projected to challenge the beverage packaging market in the forecast period of 2021 to 2028.
This beverage packaging market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on beverage packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Beverage Packaging Market Scope and Market Size
The beverage packaging market is segmented on the basis of material, packaging type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of material, the beverage packaging market is segmented into glass, plastics, metal, paperboard and others.
- On the basis of packaging type, the beverage packaging market is segmented into box, bottle, cartons, cans, pouch, jars and others.
- On the basis of application, the beverage packaging market is segmented into carbonated soft drinks, functional drinks, juices, alcoholic, milk, water, energy drinks and others.
Global Beverage Packaging Market Country Level Analysis
The beverage packaging market is analyzed and market size, volume information is provided by country, material, packaging type and application as referenced above.
The countries covered in the global beverage packaging market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates beverage packaging market due to demand of beverage cans and bottles made up of PET due to low costs and flourishing end-user industries such as RTD juices, tea and coffee and bottled water. North America is expected to witness significant growth during the forecast period of 2021 to 2028 because of the demand for plastic packaging and expansion of the beverage industry.
The country section of the beverage packaging market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Beverage Packaging Market Share Analysis
The beverage packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to beverage packaging market.
The major players covered in the beverage packaging market report 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 among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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