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Beverage Packaging Market Size is Forecasted to Reach USD 241.3 Billion by 2030 Says Precedence Research

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The beverage packaging market demand stood at 129.8 billion in 2020 and is forecast to reach 241.3 billion by 2030, growing at a healthy CAGR of 6.4% until FY2030, according to a 2021 study by Precedence Research, the Canada-based market Insight Company.

The report contains 150+ pages with detailed analysis and it is analyzed on the basis of value (US$ Million), volume (Unit), and price (US$/Unit).

Download Free Sample Copy with TOC, Graphs & List of Figures @ https://www.precedenceresearch.com/sample/1311

Market Report Scope

Report Highlights Details
Market Size in 2020 US$ 129.8 billion by 2030
Growth Rate CAGR of 6.4% from 2021 to 2030
Market Size US$ 241.3 Billion by 2030
Largest Market Asia Pacific
Fastest Growing Market North America
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Product Type, Application Type, Material Type, Region Type

The beverage packaging is significantly impacted with the growth of the global beverages industry. Packaging is one of the primary attributes of a beverage product. The availability of a huge number of beverage products in different packaging sizes and varied materials is an important factor that propels the consumption of different packaging materials. The most popular packaging materials are glasses and plastics. Glasses are easily reusable. The problem lies with the use of conventional petroleum based plastic that are non-reusable. The extensive use of plastics had created a huge amount of wastes that is now threatening the environment. Therefore, the development of bioplastics is expected to drive the market growth in the foreseeable future. Moreover, governments of several nations have banned the use of plastics to reduce the carbon footprint.

The private players are investing heavily on the development of various sustainable packaging materials and methods to promote eco-friendly packaging solutions. Consumers in the developed markets of Europe and North America are highly concerned with the sustainability factors before they make a purchase. Therefore, the future of the beverage packaging industry lies in the development of cost-effective sustainable packaging materials.

Crucial factors accountable for market growth are:

  • Rising global warming issues
  • Increased awareness regarding eco-friendly products among the consumers
  • Rapid growth of the beverages industry
  • Growing government initiatives to promote sustainable packaging
  • Growing demand for the PET bottles
  • Increasing demand for ready-to-drink beverages
  • Growing demand for on-the-go beverages is boosting the demand for cans
  • Increased consumption of alcoholic beverages

Report Highlights

  • By material, the plastic segment is expected to witness highest CAGR during the forecast period. This is majorly attributed to the growing demand for the water-soluble plastics, compostable, recyclable, and bio-degradable plastics in the packaging industry across the globe.
  • By product, the bottles segment was the highest revenue contributor in the market in 2020. The increased preference for the packaging of alcoholic beverages to extend the shelf-life and the reusability feature of the glass bottles is a major driver of the segment growth.
  • By application, the non-alcoholic beverages segment is expected to be the most opportunistic market owing to the growing preference of various functional beverages among the consumers. Moreover, the rising demand for health drinks and on-the-go consumption trends are fueling the segment growth.

Market Dynamics

Drivers – The growing demand for the environmental friendly packaging solutions is the primary driver of the market. Apart from this the growing trend of on-the-go consumption of beverages among the working population is boosting the demand for the cans. Hence, this factor is expected to drive the market growth in the upcoming years.

Restraints – Growing geriatric population is resulting in the decreased consumption of carbonated drinks and the alcoholic beverages. This may hamper the growth of the beverage packaging consumption. The increasing health awareness among the consumers is resulting in the decreased volume of consumption of several drinks that may have a negative effect on the beverage packaging market.

Opportunities – New product launches and the introduction of innovative packaging solutions are expected to offer new growth prospects to the market players in the upcoming future. For instance, Ball Corporation introduced Infinitely Recyclable packaging solution made using aluminium bottles to promote sustainability.

Challenges – The growing demand for the glass bottles may lead to the stockpiling of the glasses that may result in a price hike of the glasses. Therefore the fluctuations in the prices of the raw materials due to stockpiling are a major challenge to the beverage packaging industry.

Regional Snapshots

Asia Pacific dominated the global beverage packaging market in 2020 and is expected to retain its dominance during the forecast period. The demand for the different beverages is higher in the region owing to the high population. Therefore, the higher production of beverages requires higher volume of packaging materials. Further, the rising disposable income of the consumers coupled with the lack of adequate volume of drinkable water is boosting the demand for the packaged drinking water in the region. The adoption of automation in the production of packaging materials is boosting the growth of the beverage packaging industry in the region.

North America is estimated to be the fastest-growing market. This is attributed to the rising investments to develop eco-friendly packaging solutions. The rising demand for the paper-based, recyclable, and bi-degradable packaging materials is driving the growth of the North America beverage packaging market. Further, the higher consumption of non-alcoholic beverages in the region is significantly boosting the demand for the beverage packaging in the region.

Competition Landscape

In the final section of the research report, Precedence Research provided the global beverage packaging market structure and a detailed competition landscape to provide a dashboard view of key players operating in the beverage packaging market along with their business strategies to report audiences. This section is primarily designed to provide clients with an objective and detailed comparative assessment of the key providers specific to a market segment in the value chain of the market.

Some of the major players in the beverage packaging market include:

  • Mondi Plc
  • Amcor Plc
  • RPC Group
  • Tetra Laval International
  • Crown Holdings, Inc.
  • Saint-Gobain S.A.
  • Sonoco Products Company
  • Ball Corporation
  • Ardagh Group S.A.
  • Berry Global, Inc.
  • Vidrala S.S

Market Segmentation

By Material

  • Metal
  • Plastic
  • Glass
  • Others

By Product

  • Bottles
  • Cans
  • Pouch
  • Carton
  • Others

By Application

  • Alcoholic Beverage
  • Non-Alcoholic Beverage

Regional Segmentation

– North America (U.S. and Canada)

 – Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)

 – Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)

 – Latin America (Brazil and Rest of Latin America)

– Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Research Methodology

Secondary Research

It involves company databases such as Hoover’s: This assists us recognize financial information, structure of the market participants and industry competitive landscape.

The secondary research sources referred in the process are as follows:

  • Governmental bodies, and organizations creating economic policies
  • National and international social welfare institutions
  • Company websites, financial reports and SEC filings, broker and investor reports
  • Related patent and regulatory databases
  • Statistical databases and market reports
  • Corporate Presentations, news, press release, and specification sheet of Manufacturers

Primary Research

Primary research includes face-to face interviews, online surveys, and telephonic interviews.

  • Means of primary research: Email interactions, telephonic discussions and Questionnaire based research etc.
  • In order to validate our research findings and analysis we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.

Why should you invest in this report?

If you are aiming to enter the global beverage packaging market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for beverage packaging are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030, so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

Purchase Full Research Report (Single User License US$ 4500) @ https://www.precedenceresearch.com/checkout/1311

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics

5.1.1. Market Drivers

5.1.2. Market Restraints

5.1.3. Market Opportunities

5.2. Porter’s Five Forces Analysis

5.2.1. Bargaining power of suppliers

5.2.2. Bargaining power of buyers

5.2.3. Threat of substitute

5.2.4. Threat of new entrants

5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis

6.1.2. Key Strategies Adopted by Players

6.1.3. Vendor Landscape

6.1.3.1. List of Suppliers

6.1.3.2. List of Buyers

Chapter 7. Global Beverage Packaging Market, By Product

7.1. Beverage Packaging Market, by Product Type, 2021-2030

7.1.1. Bottles

7.1.1.1. Market Revenue and Forecast (2019-2030)

7.1.2. Cans

7.1.2.1. Market Revenue and Forecast (2019-2030)

7.1.3. Pouch

7.1.3.1. Market Revenue and Forecast (2019-2030)

7.1.4. Carton

7.1.4.1. Market Revenue and Forecast (2019-2030)

7.1.5. Others

7.1.5.1. Market Revenue and Forecast (2019-2030)

Chapter 8. Global Beverage Packaging Market, By Application

8.1. Beverage Packaging Market, by Application, 2021-2030

8.1.1. Alcoholic Beverage

8.1.1.1. Market Revenue and Forecast (2019-2030)

8.1.2. Non-Alcoholic Beverage

8.1.2.1. Market Revenue and Forecast (2019-2030)

Chapter 9. Global Beverage Packaging Market, By Material 

9.1. Beverage Packaging Market, by Material, 2021-2030

9.1.1. Metal

9.1.1.1. Market Revenue and Forecast (2019-2030)

9.1.2. Plastic

9.1.2.1. Market Revenue and Forecast (2019-2030)

9.1.3. Glass

9.1.3.1. Market Revenue and Forecast (2019-2030)

9.1.4. Others

9.1.4.1. Market Revenue and Forecast (2019-2030)

Chapter 10. Global Beverage Packaging Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Forecast, by Product (2019-2030)

10.1.2. Market Revenue and Forecast, by Application (2019-2030)

10.1.3. Market Revenue and Forecast, by Material (2019-2030)

10.1.4. U.S.

10.1.4.1. Market Revenue and Forecast, by Product (2019-2030)

10.1.4.2. Market Revenue and Forecast, by Application (2019-2030)

10.1.4.3. Market Revenue and Forecast, by Material (2019-2030)

10.1.5. Rest of North America

10.1.5.1. Market Revenue and Forecast, by Product (2019-2030)

10.1.5.2. Market Revenue and Forecast, by Application (2019-2030)

10.1.5.3. Market Revenue and Forecast, by Material (2019-2030)

10.2. Europe

10.2.1. Market Revenue and Forecast, by Product (2019-2030)

10.2.2. Market Revenue and Forecast, by Application (2019-2030)

10.2.3. Market Revenue and Forecast, by Material (2019-2030)

10.2.4. UK

10.2.4.1. Market Revenue and Forecast, by Product (2019-2030)

10.2.4.2. Market Revenue and Forecast, by Application (2019-2030)

10.2.4.3. Market Revenue and Forecast, by Material (2019-2030)

10.2.5. Germany

10.2.5.1. Market Revenue and Forecast, by Product (2019-2030)

10.2.5.2. Market Revenue and Forecast, by Application (2019-2030)

10.2.5.3. Market Revenue and Forecast, by Material (2019-2030)

10.2.6. France

10.2.6.1. Market Revenue and Forecast, by Product (2019-2030)

10.2.6.2. Market Revenue and Forecast, by Application (2019-2030)

10.2.6.3. Market Revenue and Forecast, by Material (2019-2030)

10.2.7. Rest of Europe

10.2.7.1. Market Revenue and Forecast, by Product (2019-2030)

10.2.7.2. Market Revenue and Forecast, by Application (2019-2030)

10.2.7.3. Market Revenue and Forecast, by Material (2019-2030)

10.3. APAC

10.3.1. Market Revenue and Forecast, by Product (2019-2030)

10.3.2. Market Revenue and Forecast, by Application (2019-2030)

10.3.3. Market Revenue and Forecast, by Material (2019-2030)

10.3.4. India

10.3.4.1. Market Revenue and Forecast, by Product (2019-2030)

10.3.4.2. Market Revenue and Forecast, by Application (2019-2030)

10.3.4.3. Market Revenue and Forecast, by Material (2019-2030)

10.3.5. China

10.3.5.1. Market Revenue and Forecast, by Product (2019-2030)

10.3.5.2. Market Revenue and Forecast, by Application (2019-2030)

10.3.5.3. Market Revenue and Forecast, by Material (2019-2030)

10.3.6. Japan

10.3.6.1. Market Revenue and Forecast, by Product (2019-2030)

10.3.6.2. Market Revenue and Forecast, by Application (2019-2030)

10.3.6.3. Market Revenue and Forecast, by Material (2019-2030)

10.3.7. Rest of APAC

10.3.7.1. Market Revenue and Forecast, by Product (2019-2030)

10.3.7.2. Market Revenue and Forecast, by Application (2019-2030)

10.3.7.3. Market Revenue and Forecast, by Material (2019-2030)

10.4. MEA

10.4.1. Market Revenue and Forecast, by Product (2019-2030)

10.4.2. Market Revenue and Forecast, by Application (2019-2030)

10.4.3. Market Revenue and Forecast, by Material (2019-2030)

10.4.4. GCC

10.4.4.1. Market Revenue and Forecast, by Product (2019-2030)

10.4.4.2. Market Revenue and Forecast, by Application (2019-2030)

10.4.4.3. Market Revenue and Forecast, by Material (2019-2030)

10.4.5. North Africa

10.4.5.1. Market Revenue and Forecast, by Product (2019-2030)

10.4.5.2. Market Revenue and Forecast, by Application (2019-2030)

10.4.5.3. Market Revenue and Forecast, by Material (2019-2030)

10.4.6. South Africa

10.4.6.1. Market Revenue and Forecast, by Product (2019-2030)

10.4.6.2. Market Revenue and Forecast, by Application (2019-2030)

10.4.6.3. Market Revenue and Forecast, by Material (2019-2030)

10.4.7. Rest of MEA

10.4.7.1. Market Revenue and Forecast, by Product (2019-2030)

10.4.7.2. Market Revenue and Forecast, by Application (2019-2030)

10.4.7.3. Market Revenue and Forecast, by Material (2019-2030)

10.5. Latin America

10.5.1. Market Revenue and Forecast, by Product (2019-2030)

10.5.2. Market Revenue and Forecast, by Application (2019-2030)

10.5.3. Market Revenue and Forecast, by Material (2019-2030)

10.5.4. Brazil

10.5.4.1. Market Revenue and Forecast, by Product (2019-2030)

10.5.4.2. Market Revenue and Forecast, by Application (2019-2030)

10.5.4.3. Market Revenue and Forecast, by Material (2019-2030)

10.5.5. Rest of LATAM

10.5.5.1. Market Revenue and Forecast, by Product (2019-2030)

10.5.5.2. Market Revenue and Forecast, by Application (2019-2030)

10.5.5.3. Market Revenue and Forecast, by Material (2019-2030)

Chapter 11. Company Profiles

11.1. Mondi Plc

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. Amcor Plc

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. RPC Group

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. Tetra Laval International

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. Crown Holdings, Inc.

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. Saint-Gobain S.A.

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. Sonoco Products Company

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. Ball Corporation

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. Ardagh Group S.A.

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. Berry Global, Inc.

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

11.11. Vidrala S.S

11.11.1. Company Overview

11.11.2. Product Offerings

11.11.3. Financial Performance

11.11.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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