Beverage Packaging Market Overview | Industry Analysis 2021-2027 by Types, Applications and Key Players
The detailed report published by Market Research
Future (MRFR) projects that the global beverage packaging market overview 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 Overview 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.
Global Beverage Packaging Market: Regional Analysis
Geographically, the global Beverage Packaging Price 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 overview 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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