Beverage Packaging Industry Prophesied to Grow at a Faster Pace by 2027
HNY Research projects that the Beverage Packaging market size will grow from $119.8 billion in 2017 to $157.9 billion by 2023, at an estimated CAGR of 4.7%. The base year considered for the study is 2017, and the market size is projected to 2027.
The beverage packaging market has been growing in accordance with the advancement of the beverage industry. The effect of on-the-go lifestyle in the developing economies has up-surged the market for packaged food and beverages. Rise in consumer spending for fast moving consumer goods such as beverages has driven the market for beverage packaging. The global market is segmented based on type, material, and application. The beverage packaging industry is restrained by strict legislations regarding the packaging material used and their disposal. The demand for eco-friendly and recyclable bio-based materials is rising as a result of consumer awareness and stringent environmental laws.
By Market Players:
Alcoa Inc. , Amcor Limited , Ball Corporation , Crown Holdings, Inc. , Mondi PLC , Owens-Illinois Inc. , Rexam PLC , Reynolds Group Holdings Limited , Saint-Gobain S.A. , Stora Enso Oyj , Tetra Laval International S.A., , , , , , , , ,
By Material
Glass , Plastic , Metal , Paperboard , Other Materials
By Type
Bottle , Can , Pouch , Carton , Others
By Application
Alcoholic Beverages , Non-Alcoholic Beverages , Dairy Beverages , ,
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