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Beverage Packaging Market Competitive Analysis, Growth and Forecasts 2023

The beverage packaging market was valued at USD 111.36 billion in 2017, and is expected to reach a value of USD 142.28 billion by 2023 at a CAGR of 4.17%, over the forecast period (2019 - 2023).

Beverage Packaging

The Global Beverage Packaging Market Report provides a complete analysis of the market. The Report focuses on manufacturers, suppliers, segmentation according to the application, major players, customers, opportunities, future roadmap, and furthermore. The competitive data type analysis includes capacity, market share, profit margin, market growth, consumer consumption, imports, exports, revenue, and etc. Marketing strategies, policies, industry chain that are changing the wave of the market are also catered in the report.

The beverage packaging market was valued at USD 111.36 billion in 2017, and is expected to reach a value of USD 142.28 billion by 2023 at a CAGR of 4.17%, over the forecast period (2019 – 2023).

Top Companies in the Global Beverage Packaging Market: AMCOR LIMITED, BEMIS COMPANY, INC., MONDI PLC, TETRA LAVAL INTERNATIONAL SA, RPC GROUP PLC, ALCOA INC., WESTPACK, REXAM INC., REYNOLDS GROUP HOLDINGS, SONOCO PRODUCTS COMPANY, CROWN HOLDINGS INCORPORATED, AND ARDAGH GROUP, and others.

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Growing Beverage Consumption is Driving the Market

The beverage industry encompasses drinks, primarily ready-to-drink alcoholic and non-alcoholic beverages. The industry is witnessing a strong growth due to evolving efficient distribution and packaging mechanism, introduction of new innovative products, and increased consumption frequency and trials, achieved with persuasion from traditional advertising and digital media. The market is witnessing new segments, like energy and sports drinks, vitamin water, flavored water, flavored tea and coffee, and vegetable juices, over the years. These new segments are helping to grow the market further, by providing more variants that lead to an increase in consumption. Milk, aerated drinks, alcoholic beverages, and juices are the traditional categories that have well defined consumption, while the new segments, like sports and energy drinks and vitamin water, offer targeted proposition and benefit for specific consumption.

Plastic Material Type has the Largest Market Share

The plastic beverage packaging segment is anticipated to grow at a healthy rate, owing to several factors, such as the high growth of end-user applications, dynamically changing lifestyles, availability of feedstock, and increasing emphasis on manufacturing innovative designs. Plastic bottles are becoming more pervasive because of their advantages over glass bottles. Choosing plastic over glass is an easy decision for manufacturers who are looking to reduce weight, speed up transportation, and reduce packaging costs. Polyethylene terephthalate (PET) bottles are expected to witness steady demand from end-use sectors during the forecast period.

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Global Beverage Packaging Market by Regions:

North America (United States, Canada and Mexico)

Europe (Germany, France, UK, Russia and Italy)

Asia-Pacific (China, Japan, Korea, India and Southeast Asia)

South America (Brazil, Argentina, Colombia etc.)

Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Asia-Pacific to Grow at a Faster Pace

The Asia-Pacific region holds a significant potential for development, in terms of the most prospective countries. The market holds major share in retail packaging, estimating to nearly 75%, as major manufacturing is done in China. The demand for beverages, and hence the demand for beverage packaging, is expected to grow faster in the Asia-Pacific region, due to a rise in income and ongoing population shift from rural to urban, in major countries such as China, Japan, and India. Change in lifestyle and a growing young population lead to a higher demand for branded and packaged substances. At the same time, growing health awareness and more concern towards environmental sustainability, lead to innovations in beverages packaging in the region.

Key Developments in the Market

September 2018 – Bemis entered into partnership with Dow Packaging and Specialty Plastics and Ploykar Inc., to recycle plastic scrap.

February 2018 – Mondi group acquired Excelsior technologies for USD 40 million. This acquisition is expected to expand its consumer packaging business.

November 2017 – Amcor acquired the North American rigid plastics blow molding operations of Sonoco Products Company, a global packaging company based in the United States.

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What are the market factors that are explained in the report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Analytical Tools: The Global Beverage Packaging Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.

Finally, Beverage Packaging Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and Market development rate and figure and so on. This report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.

Reasons to Purchase this report:

Current and future market outlook for beverage packaging in the developed and emerging markets

Analyze various perspectives on the market with the help of Porters five forces analysis

The segment that is expected to dominate the market

Regions that are expected to witness the fastest growth, during the forecast period

Identify the latest developments, market shares and strategies employed by the major market players.

3 months analyst support, along with the Market Estimate sheet (in excel).

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