According to the current analysis of Reports and Data, the Global Beverage Packaging Market was valued at USD 133.93 Billion in 2020 and expected to reach USD 220.10 Billion by the year 2028, at a CAGR of 6.6%. Beverage manufacturers are focusing on offering a superior product with the packing that is eco-friendly, easy-to-handle, and keeps the product new for a long time. Packaging innovations is becoming a norm for beverage companies with smaller package sizes, situational package types, and multi-packs. Different types of products reliant upon the drinks packed using various materials. New trends in drinks packaging are concentrating on the structure modification of materials and the development of new active and intelligent systems, which can interact with the product or its environment, refining the conservation of drinks, such as wine, juice or beer, customer acceptability, and food security. Materials that have traditionally used in food packing include glass, metals (aluminum, foils and laminates, tinplate, and tin-free steel), paper and paperboards, and plastics. The right selection of material plays an important role in maintaining product quality and freshness during distribution and storage. The prospering beverage industry in emerging markets such as Brazil, India, and China, maintained by the presence of large consumer support, is expected to drive the beverage packing market over the forecast period.
The major economies like North America, Europe, and APAC witnessed the increase in usage of beverage can in packaging. Majorly metals and alloys are employed for its manufacturing. The factors environmentally and cost-driven evolution of metal packing into thinner metal gauges (i.e., the weight of the metal in a can), nowadays encouraged by packing waste regulations, which emphasize the minimization of the material used. However, this must achieve without compromising the protective aspects of the package. To achieve this, engineering or design changes are made, such as beading (i.e., rings around can bodies) on food cans and the move to smaller diameter end for some drinking cans (from size 206 to 202 for example).
Get a sample of the report: @ https://www.reportsanddata.com/download-free-sample/2354
Market Overview:
A rapidly increasing global population, a significant increase in consumer goods demand worldwide, increased development of advanced and environmentally friendly packaging materials, a focus on reducing carbon emissions, and the introduction of environmentally sustainable packaging solutions all play a key role in driving revenue growth in the global packaging industry. Retail e-commerce, food beverage, consumer electronics, pharmaceutical, and others are among the industries that are requiring environmentally sustainable packaging solutions. Increasing research development activities for advanced and environmentally sustainable packaging techniques, rapid growth of the manufacturing industry, increasing imports and exports of consumer goods around the world, and increases in government investment in the transportation and logistics industry are some of the major factors contributing to the growth of the global packaging industry. The development of cold chain logistics infrastructure and technological advances are also major factors driving growth in the global packaging market. It is projected that the Beverage Packaging market will reach USD XX billion in 2028, registering a strong revenue CAGR of XX%.
Some of the Leading Market Players Are Listed Below:
- Crown Holdings (U.S),
- Ball Corporation (U.S.),
- Tetra Laval International S.A (Switzerland),
- Bemis Company (U.S),
- Sonoco Products Company (U.S),
- Saint-Gobain S.A. (France),
- Mondi PLC. (Austria),
- Amcor Ltd. (Australia),
- Reynolds Group Holdings Limited (New Zealand),
- Stora Enso (Finland)
Purchase Premium Report: @ https://www.reportsanddata.com/report-pricing/2354
The Global Beverage Packaging Market Is Segmented Into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Market Segmentation:
Material (Revenue, USD Million; 2018–2028)
- Glass
- Plastic
- Metal
- Paper
- Others
Product Type (Revenue, USD Million; 2018–2028)
- Cans
- Bottles
- Pouches
- Jars
- Cartons
- Others
Application (Revenue, USD Million; 2018–2028)
- Alcoholic
- Non-Alcoholic
Some Points on How the Report Benefits Readers:
- Deep-dive analysis of the key drivers, opportunities, and restraints.
- Qualitative and quantitative analyses of the global Beverage Packaging market.
- Comprehensive analysis of the key regional markets and their respective revenue CAGRs.
- Precise evaluation of each regional market’s production consumption capacities.
- An overview of the highly competitive environment of the Beverage Packaging industry and company overviews.
- Focus on the key strategies implemented by the key market players, such as partnerships, collaborations, acquisitions, new product launches, and various other strategies.
Table of Contents (ToC) – Global Beverage Packaging Market
Chapter 1. Methodology Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary Sources
1.4.2. Secondary Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2023-2028
Chapter 3. Key Insights
Chapter 4. Global Pharma Healthcare Market Segmentation
4.1. Global Pharma Healthcare Market COVID-19 Impact Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers’ analysis
4.2.3. Market restraints analysis
4.3. Technological Insights
4.4. Porter’s Five Forces Analysis
4.5. Regulatory Framework
4.6. Price trend Analysis
4.7. Competitive Metric Space Analysis
Request customization of the report @ https://www.reportsanddata.com/request-customization-form/2354
Thank you for reading our report. To know more about the customization or any query about the report contents, please connect with us and our team will ensure the report is tailored to meet your requirements.
Explore Trending Research Reports by Reports and Data:
Kraft Liner Market: https://www.reportsanddata.com/report-detail/kraft-liner-market
Laminate Market: https://www.reportsanddata.com/report-detail/laminate-market
Latex Balloons Market: https://www.reportsanddata.com/report-detail/latex-balloons-market
Leggings Market: https://www.reportsanddata.com/report-detail/leggings-market
Lentil Market: https://www.reportsanddata.com/report-detail/lentil-market
Licorice Extract Market: https://www.reportsanddata.com/report-detail/licorice-extract-market
Linseed Market: https://www.reportsanddata.com/report-detail/linseed-market
Lip Balm Market: https://www.reportsanddata.com/report-detail/lip-balm-market
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
