The global beverage packaging market size is expected to
reach USD 173.26 billion by 2025, according to a new report by Grand View
Research, Inc., progressing at a CAGR of 4.5% during the forecast period.
Increasing consumption of beverages coupled with surging demand for convenient
and sustainable packaging solutions is estimated to propel the market.
The global beverage packaging market
is witnessing a huge demand from alcoholic as well as non-alcoholic beverage
segments in emerging economies. The overall market is also observing growth on
account of soaring demand for functional drinks. Rapid urbanization and
widening base of middle-class population in developing economies are resulting
in lifestyles changes, including rise in the demand for beverages.
Bottle & jars were the largest
product segment in 2016. However, carton is anticipated to witness the most
promising growth over the forecast period owing to burgeoning adoption of
active packaging. It helps in extending shelf life of products by utilizing
several systems such as moisture absorbers, oxygen scavengers, antioxidants,
and antimicrobial agents. It can also facilitate easier processing as well as
consumption of the beverage.
Bottle & jars are typically made
up of glass and plastic. The demand for plastic bottles is directly supplemented
by rising consumption of bottled drinking water and carbonated soft drinks.
High-density polyethylene (HDPE) and polyethylene terephthalate (PET) are among
the major grades of plastics utilized to manufacture plastic bottles.
Phenomenal growth in the single-serve water packaging segment is likely to push
the demand for plastic bottles during the forecast period.
Browse full research report on Compressed Natural Gas (CNG) Market: https://www.grandviewresearch.com/industry-analysis/beverage-packaging-market
Further Key Findings from the Report Suggest:
- The global beverage packaging market is projected to reach
USD 173.26 billion by 2025, registering a CAGR of 4.5% from 2017 to 2025
- In terms of revenue, bottle & jars were the largest
product segment in 2016, accounting for 33.4% of the global market. Rise
in demand for bottled drinking water is poised to supplement the demand
for bottles & jars
- Glass was the most significant material segment in 2016 and
is expected to maintain its dominance throughout the forecast period
- Asia Pacific was the leading revenue generating region in
2016, while North America is estimated to register the fastest CAGR from
2017 to 2025
- Rapid growth in the e-commerce industry is driving the change
and demand for packaging
- Key players include Mondi PLC; Sonoco Product Company; Bemis
Company Inc.; Alcoa Corporation; and Stora ENSO.
Browse
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/beverage-packaging-market/request/rs1
Grand View Research has segmented the global beverage packaging
market on the basis of product, material, application, and region:
Beverage Packaging Product Outlook (Volume, Billion Liters;
Revenue, USD Million, 2014 - 2025)
- Can
- Bottle
& jars
- Pouch
- Carton
- Others
Beverage Packaging Material Outlook (Volume, Billion Liters;
Revenue, USD Million, 2014 - 2025)
- Plastic
- Glass
- Metal
- Other
Beverage Packaging Application Outlook (Volume, Billion Liters;
Revenue, USD Million, 2014 - 2025)
- Alcoholic
- Non
alcoholic
Beverage Packaging Regional Outlook (Volume, Billion Liters;
Revenue, USD Million, 2014 - 2025)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Asia
Pacific
- China
- India
- Australia
- Japan
- Central
& South America
- Brazil
- Middle
East & Africa
About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For
more info visit @ https://www.grandviewresearch.com
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