Beverage Packaging Market Size | Leading Players Updates, Industry Demand, Current and Future Plans by Forecast to 2027
Global Beverage Packaging Market: Synopsis
The detailed report published by Market Research Future
(MRFR) projects that the global beverage packaging market size is marked to exhibit moderate expansion at a
CAGR of 4% during the forecast period from 2017 to 2022 and generate noteworthy
revenue by the end of the review period. High demand for packaged drinks as
result of changing lifestyle and dietary habits, rapid adoption of
technologically advanced packaging solutions, increased emphasis on
manufacturing environment-friendly packaging for beverage, rise in popularity
of packaged beverages and coolants among the young population, and increased
availability of innovative beverages that are available in ready to drink and
carry along packaging are majorly propelling the growth of the global beverage
packaging market during the assessment period.
Global Beverage Packaging Market: Segmental Analysis
The global Beverage
Packaging Market Size has been segmented on the basis of packaging type,
products, and materials. Based on packaging type, the global beverage packaging
market has been segmented into flexible, rigid, and semi-rigid. Based on
products, the global beverage packaging market has been segmented into cans,
bottles, pouch, and others. The bottles segment commanded the major share of
the global beverage packaging market and is anticipated to expand at a
significant growth rate during the assessment period. Based on materials, the
global beverage packaging market has been segmented into metal, plastic, paper,
and others. The plastic segment is projecting the fastest growth in the global
beverage packaging market owing to the advantages of plastic bottles in
increasing the shelf life of beverages.
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Global Beverage Packaging Market: Regional Analysis
Geographically, the global beverage packaging market size has
been segmented into four major regions such as Asia Pacific (APAC), North
America, Europe, and the rest of the world (RoW). The North America region
commands the major share of the global beverage packaging market during the
assessment period. The factors such as high demand for packaged drinks as
result of changing lifestyle and dietary habits, rapid adoption of
technologically advanced packaging solutions, increased emphasis on
manufacturing environment-friendly packaging for beverage, rise in popularity
of packaged beverages and coolants among the young population, and increased
availability of innovative beverages that are available in ready to drink and
carry along packaging are majorly propelling the growth of the global beverage
packaging market in the North America region. Availability of cheap raw
materials, rapid expansion of packaging industry, high demand for packaged
drinks, and increasing production of recyclable beverage packaging due to the
rise in environmental concerns are fueling the growth of the beverage packaging
market in the Asia Pacific region.
Global Beverage Packaging Market: Industry Updates
In February 2019, the Can Makers has announced that it has
merged its operations with the Metal Packaging Manufacturers Association
(MPMA).
In January 2019, Rumble Supershakes has announced the
relaunch of their beverages with SIG packaging.
In January 2019, Suntory, a Japanese manufacturer of
beverage packaging, has launched FtoP Direct Recycle Technology for making PET
bottles.
Global Beverage Packaging Market: Key Players
The key players profiled by Market Research Future (MRFR)
that are operating in the global beverage packaging market are Crown Holdings
Inc., Rexam PLC, Ball Corporation, Mondi PLC, Amcor Limited, Reynolds Group
Holdings Limited, Tetra Laval International S.A., Owens-Illinois Inc., and Alcoa
Inc. The players in the global beverage packaging market are introducing
innovative and environment-friendly packaging solutions in order to expand
their businesses in the global beverage packaging market. Strategically planned
mergers and acquisitions along with collaborations in multiple projects are
aiding these players in sustaining the competition in the global beverage
packaging market during the assessment period.
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