Beverage Packaging Market Global Size, Analysis and Future Forecast To 2022
Beverage Packaging Market Overview
The beverage packaging is primarily driven by the increase in the consumption of beverages. Additionally, advancement in packaging technology also fuel the growth of this market. However, stringent government regulations may hamper the growth of Beverage Packaging Market. Beverage packaging market is expected to grow at CAGR of approximately 4% by 2022.
The beverage industry has seen massive investments for expansion and technological upgradation. The packaging of beverages both carbonated and non-carbonated, has gained lot of popularity in the packaging industry.
Key Players
The key players of global beverage packaging Market report include- Saint-Gobain S.A., Tetra Laval International S.A., Owens-Illinois Inc., Crown Holdings Inc., Rexam PLC, Ball Corporation, Mondi PLC, Amcor Limited, Reynolds Group Holdings Limited, and Alcoa Inc.
Segmental Analysis
The global beverage packaging Market has been segmented on the basis of packaging type, products, and materials. Based on packaging type, the global beverage packaging market has been segmented into flexible, rigid, and semi-rigid. Based on products, the global beverage packaging market has been segmented into cans, bottles, pouch, and others. The bottles segment commanded the major share of the global beverage packaging market and is anticipated to expand at a significant growth rate during the assessment period. Based on materials, the global beverage packaging market has been segmented into metal, plastic, paper, and others. The plastic segment is projecting the fastest growth in the global beverage packaging market owing to the advantages of plastic bottles in increasing the shelf life of beverages.
Regional Analysis
Geographically, the global Beverage Packaging Market has been segmented into four major regions such as Asia Pacific (APAC), North America, Europe, and the rest of the world (RoW). The North America region commands the major share of the global beverage packaging market during the assessment period. The factors such as high demand for packaged drinks as result of changing lifestyle and dietary habits, rapid adoption of technologically advanced packaging solutions, increased emphasis on manufacturing environment-friendly packaging for beverage, rise in popularity of packaged beverages and coolants among the young population, and increased availability of innovative beverages that are available in ready to drink and carry along packaging are majorly propelling the growth of the global beverage packaging market in the North America region.
Target Audience
- Packaging Organizations
- Manufacturer
- Research Institute / Education Institute
- Potential Investors
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