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
Research Methodology: Beverage Packaging Market - Global Market Assessment, 2021 - 2028
The global Beverage Packaging market research study is based on a comprehensive research methodology that is used to arrive at the market estimations and forecasts. This methodology aid analysts and to learn and understanding market facts and insights from the innermost levels of the market. The whole research process involves 3 major activities: Secondary Research, Primary Research, and Data Triangulation. Secondary resources are utilized to gain insights on the market and later primary research is conducted to revalidate the information and conclusion derived from the secondary research. Out of the total primary respondents, 24% were from North America, 29% were from Europe, 31% were from the Asia Pacific, and the rest of the respondents were from Latin America and MEA. Consumer spending data distinguished by regions was considered while studying the Beverage Packagingmarket.
Secondary Research
Primary Research:
Primary research is conducted to verify and revalidate the data gained/procured from the secondary data sources. The primary research is also conducted to identify key players in the market and to gather and validate already procured information pertaining to their market-specific financial information. Moreover, primary research is used to gain/validate information about:
- Beverage Packagingmarket size at regional and country level
- Understanding market developments, future growth prospects, and upcoming challenges
- Overview of the Beverage Packagingsupply chain and overall ecosystem
Data Triangulation and Market Size Estimations
The information procured from the secondary and primary resources is undergone through data triangulation methods to attain more accurate results on quantitative and qualitative analysis for specific market research studies. This helps to study any minutest details of the market along with building a clearer market-specific view for revenue estimations, industry trends, within each end-use industry, and estimate future trends within the market. After arriving at the global market numbers, top-down and bottom-up approaches are used to estimate, validate and finalize the market size of the Beverage Packagingmarket.
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.
