The Global Market for Beverage Packaging is Projected to Exceed US$142 Billion by 2022

Rising Consumption of Health Drinks, Packaged Water & Alcoholic Beverages Drive Demand for Beverage Packaging, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Beverage Packaging market. The global market for Beverage Packaging is projected to exceed US$142 billion by 2022, driven by surging demand from the alcoholic beverages sector, and rising consumption of all types of beverages, including health drinks and packaged water.

Packaging is a highly versatile facet of a beverage attuned to changing consumer preferences. In addition, packaging is also a media for communication and projection of brand image in addition to protecting the contents from degrading due to external conditions such as tampering and weather changes. With expanding global trade and economic cooperation, beverage products are now finding new consumers and markets. Emerging trends of beverage packaging as a marketing tool, and growing consumer preferences for package convenience and product information is fuelling the global demand for beverage packaging. Technology advances aiding the development of innovative, eco-friendly and cost-effective packaging formats, robust demand for safe and convenient beverages combined with the growing consumption of alcoholic beverages, health drinks, and packaged water represent key factors driving growth in the global beverage packaging market.

Demand for sustainable, green and pure packaging among consumers would drive healthy growth in the global beverage packaging market in the coming years. Surging demand for pure, chemically inert, and safe packaging materials that preserves product quality, ensures product safety and minimizes product waste will also benefit market prospects in the long run. Another important trend is the emergence of lightweighting across all beverage packaging materials including glass, metal, plastics, and paperboard for reduction in raw material costs, logistics costs, and CO2 emissions. Glass dominates as the largest beverage packaging material supported by its superior attributes of sterility, reusability, chemical stability, durability, non-permeability and malleability and by virtue of it being hygienic, eco-friendly, and aesthetically pleasing. While metal beverage cans are making deeper inroads into the beer and energy drinks segments, niche packaging is challenging the dominance of glass in the wine segment. Plastics continue to represent the fastest growing beverage packaging material owing to rising consumer preference for single-serve portions, enhanced visual appeal, and portability.

As stated by the new market research report on Beverage Packaging, Asia-Pacific represents the largest market worldwide, closely followed by Europe. Asia-Pacific also represents the fastest growing market with a CAGR of 7.5% over the analysis period. Booming retail sector; rapid urbanization; increasing focus on health, wellness and fitness that spurred opportunities for energy drinks, sports drinks and functional drinks; and rising consumption of beer, cider and soft drinks represent the major drivers behind the growing demand for beverage packaging in the region. By virtue of being the largest market for beer in terms of volume sales worldwide, China represents the leading market for beverage packaging in the region.

Key players covered in the report include Allied Glass Containers Ltd., Anadolu Cam Sanayii A.S., Amcor Limited, Anchor Glass Container Corporation, Anheuser-Busch Companies, LLC, Metal Container Corporation, Ardagh Glass Group S.A., Ball Corporation, Crown Holdings, Inc., Ecolean AB, Gerresheimer Group, Graham Packaging Company, HUBER Packaging Group, Owens-Illinois, Inc., ProAmpac, Rexam Plc, SIG Combibloc Group, Silgan Holdings, Inc., Tetra Laval International SA, Toyo Seikan Group Holdings, Inc., Verallia, and Vidrala S.A., among others.

The research report titled “Beverage Packaging: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of major market participants. The report provides market estimates and projections for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America (Brazil, and Rest of Latin America) and Rest of World. Major materials analyzed for the global market include Glass, Metal, Plastic, and Others.

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