IMARC Group’s latest research report, titled “Beverage Packaging Market size: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
The global beverage packaging market reached a value of US$ 146.86 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 212.37 Billion by 2027, exhibiting a CAGR of 6.10% during 2022-2027. Beverage packaging represents the processes that are used to preserve, store, and transport beverages, including carbonated energy drinks, milk, bottled water, alcohol, fruit and vegetable juices, etc., to their desired location without affecting the taste or quality. It generally involves the utilization of several materials, such as metal, glass, plastic, paperboard, etc. Beverage packaging aids in preventing spillage, contamination, loss of vital nutrients, etc., while retaining the quality of the drink, protecting the content against moisture and heat, and offering easy portability. In addition to this, it exhibits higher insulation, durability, cost-effectiveness, barrier properties, etc., than other packaging solutions. Presently, beverage packaging is commercially available in the glass bottles, pouches, cans, cartons, and kegs packaging types.
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Important Attribute and highlights of the Report:
- Detailed analysis of the global market share
- Market Segmentation by material, product and application.
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape for Beverage Packaging Market
- Strategies of major players and product offerings
The growing consumer inclination toward ready-to-drink (RTD) tea, coffee, flavored milk, etc., on account of the expanding working population with busy schedules and hectic lifestyles, is primarily driving the beverage packaging market. Additionally, the escalating demand for convenient beverage packaging solutions to preserve the flavor and nutritional content, increase product shelf-life, provide a high oxygen barrier against external contaminations, etc., is further catalyzing the market growth. Besides this, the introduction of green packaging solutions that are recyclable as well as sustainable and assist in minimizing the overall carbon footprint is acting as another significant growth-inducing factor. Moreover, the elevating investments in R&D activities to develop anti-microbial materials are anticipated to fuel the beverage packaging market over the forecasted period.
Key Players Included in Global Beverage Packaging Market Research Report:
- Amcor Limited
- Ardagh Group
- Ball Corporation
- Berry Global Inc.
- Crown Holdings Inc.
- Mondi plc
- Orora Packaging Australia Pty Ltd
- SIG Combibloc Group AG
- Smurfit Kappa Group PLC
- Sonoco Products Company
- Stora Enso and Tetra Laval International SA.
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COVID-19 Impact Overview:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Key Market Segmentation:
Breakup by Material:
- Plastic
- Metal
- Glass
- Paperboard
- Others
Breakup by Product:
- Bottles
- Cans
- Pouches
- Cartons
- Others
Breakup by Application:
- Alcoholic Beverages
- Non-Alcoholic Beverages
- Carbonated Drinks
- Bottled Water
- Milk
- Fruit and Vegetable Juices
- Energy Drinks
- Plant-based Drinks
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
TOC for the Beverage Packaging Market Research Report:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- Global Beverage Packaging Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
Who we are:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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