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Beverage Packaging Market

Beverage Packaging Market

Beverage Packaging Market Global Industry Assessment & Forecast

# Pages:

180

Base Year:

2021

Dec - 2021

Format:

Report Code:

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 YearsForecast Years: 2021 - 2028
Historical YearsHistorical Years: 2016 - 2020
Revenue 2021Revenue 2021: 140 Billion
Revenue 2028Revenue 2028: 190 Billion
Revenue CAGRRevenue CAGR (2021 - 2028): 5.1%
Fastest Growing Region 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
  • 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%%.

  • 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..

  • The market is project to grow at a CAGR of 5.1%% between 2021 and 2028.

  • 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.

  • Asia Pacific was the leading regional segment of the Beverage Packaging in 2020.