Beverage Packaging Market
Beverage Packaging Market Global Industry Assessment & Forecast
#
Pages:
180
2021
Dec - 2021
VMR-2021-1080
Segments Covered
By
Packaging Type Bottle, Can, Carton, Pouch, Other Packaging Type
-
By
Material Type Metal, Plastic, Glass, Paper & paperboard, Other material type
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
140 Billion |
 Revenue 2028:
|
190 Billion |
 Revenue CAGR
(2021 - 2028): |
5.1% |
Fastest Growing Region (2022 -
2028)
|
Asia Pacific |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
FAQ
Frequently Asked Question
What is the global demand for Beverage Packaging in terms of revenue?
-
The global Beverage Packaging valued at 140 Billion in 2020 and is expected to reach 190 Billion in 2028 growing at a CAGR of 5.1%%.
Which are the prominent players in the market?
-
The prominent players in the market are Amcor Group GmbH O-I Glass, Inc., Crown Holdings, Inc, Ardagh Group S.A., Verallia SA, Tetra Pak Group, Ball Corporation, Vidrala S.A..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 5.1%% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Beverage Packaging include
- The increasing health awareness among youths has increased the demand for packaged juices, energy drinks, and health drinks, providing immense opportunities for manufacturers to increase their sales. Furthermore, the increase in tourism, easy availability of bottled water, and preference for a healthy lifestyle on-the-go have also increased the demand for bottled water and flavored water infused with vitamins, natural flavors, or nature-identical flavoring substances such as basil, lemon, mint, orange, hibiscus, and fruits.
- The increasing awareness of environmental safety among consumers and the rising adoption of eco-friendly products provide manufacturers of beverage packing products with immense opportunities. According to a study conducted by National Retail Federation, 69% of participants in North America are ready to pay a premium price for recycled products, while 80% of participants want to know the origin of products they buy. Bioplastics are polymers obtained from renewable sources, such as corn starch, woodchips, vegetables, and fatty oils.
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Beverage Packaging in 2020.
