Beverage Packaging Market is expected to reach US$ 242.01 Mn. in 2029, with a CAGR of 6.42% for the period 2023-2029, because of the growing emphasis on eco-friendly and biodegradable packaging.
Beverage Packaging Market Scope:
The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.
Beverage Packaging Market Overview:
The primary goal of this research is to assist the user in understanding the Beverage Packaging Market in terms of definition, segmentation, market potential, significant trends, and the problems that the Beverage Packaging industry faces in key regions and nations. The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.
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Beverage Packaging Market Segmentation:
According to the kind of packaging used, the market for beverage packaging is further divided into bottle, can, carton, pouch, and other packaging types. In 2022, bottles led the global market in terms of revenue. Glass drinking bottles are used to package the vast majority of alcoholic beverages. On the other hand, there is some demand for non-alcoholic beverage application categories such milk, juice, and others. Glass bottles make the product look more polished and are simple to clean. They are so increasingly being used in beverage packaging.
Carton sales are anticipated to increase at the fastest rate during the projection period. In order to preserve beverages over time, cartons are often made of paperboard with a thin layer of aluminum and plastic. Because they preserve food without a lot of preservatives, cartons are highly sought-after for packing milk, juices, and other non-alcoholic beverages. Perishable beverages can now be transported to places without refrigeration or other preservation tools thanks to this packaging.
The beverage packaging market is further divided into the following material types: metal, plastic, glass, paper & paperboard, and other material type. In 2022, the glass industry was the most significant in terms of revenue. It is mostly utilized to create packaging materials like bottles and jars. Among the products offered are spirit miniatures, pocket flasks, spirit bottles, wine bottles, beer bottles, juice and soft drink bottles, oil bottles, spice and sauce bottles, spice jars, and wide-mouth jars.
1. Global Beverage Packaging Market, by Product Type (2022-2029)
• Non-alcoholic beverages
• Alcoholic beverages
• Dairy beverages
2. Global Beverage Packaging Market, by Packaging Type (2022-2029)
• Bottle
• Can
• Carton
• Pouch
• Other packaging type
3. Global Beverage Packaging Market, by Material Type (2022-2029)
• Metal
• Plastic
• Glass
• Paper & paperboard
• Other material type
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Beverage Packaging Market Key Players: The study discusses the key market players who are engaged in the industry, such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors, and so on. The key players in the Beverage Packaging market are
1. Amcor Group GmbH
2. O-I Glass, Inc.
3. Crown Holdings, Inc
4. Ardagh Group S.A.
5. Verallia SA
6. Tetra Pak Group
7. Ball Corporation
8. Vidrala S.A.
9. Toyo Seikan Group Holdings, Ltd.
10. CPMC Holdings Limited
11. Huhtamaki Oyj.
12. Brodrene Hartmann A/S
13. UFP Technologies, Inc.
14. Gerresheimer AG.
15. Owens-Illinois, Inc.
16. Berry Global, Inc.
17. Beatson Clark Ltd.
18. Intrapac International Corporation
19. BA Glass Germany GmbH.
20. Nampak Ltd.
21. Silgan Containers LLC.
22. Mahmood Saeed Beverage Cans & Ends Industry Company Ltd.
23. Orora Packaging Australia Pty Ltd.
24. Others
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Regional Analysis:
The report focuses on Global Regions and Market Size of Beverage Packaging, and development forecast 2021-2027, including industries, major players, suppliers worldwide, and market share by regions, with company and product introduction, position in the market including their market status and development trend by types and applications, which will provide its price and profit status, and marketing status, with 2020 as the base year.
COVID-19 Impact Analysis on Beverage Packaging Market:
The report discusses the impact of COVID-19: Since the breakout of the COVID-19 virus in December 2019, the disease has spread to practically every country on the planet, prompting the WHO to declare it a public health crisis. The worldwide effects of the coronavirus epidemic are already being noticed, and they will have a considerable influence on the Beverage Packaging industry in 2021.
Key Questions Answered in the Beverage Packaging Market Report are:
- What is the function of Beverage Packaging?
- What is the predicted revenue generation of the Beverage Packaging market?
- At what growth rate is the Beverage Packaging market evolving?
- Who are the major market giants operating in the Beverage Packaging market?
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