The global beverage packaging market was valued at USD 148.1 billion in 2021. It is projected to grow at a CAGR of 5.0% and reach USD 189.0 billion by 2026. Beverage packaging helps in protecting the beverages and extend its shelf-life. It further acts as an effective tool for marketing and attracting the attention of consumers.

Download PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1222

Asia Pacific is projected to dominate the majority market share, in the global beverage packaging market, in terms of value

On the basis of the regional area, the market is segmented into North America, Europe, Asia Pacific, South America, and Rest of World (RoW). Due to the increase in population and rise in disposable income, Asia Pacific is projected to account for the largest share during the review period. Global players such as Ball Corporation (US) and Crown Holdings Inc (US) are entering the Asia Pacific market by developing new manufacturing plants in the region. Rapid industrialization and urbanization, increase in environmental concerns, rise in disposable income of growing middle class, and lower production of fresh food & beverage products are factors propelling the usage of processed food & beverage products, consequently fueling the demand for beverage packaging market in this sector.

This report includes a study on the marketing and development strategies, along with a survey of the product portfolios of the leading companies operating in the beverage packaging market. It includes the profiles of leading companies, such as Amcor Group GmbH (Switzerland), O-I Glass, Inc. (US), Crown Holdings, Inc (US), Ardagh Group S.A. (Ireland), Verallia SA (France), Tetra Pak Group (Switzerland), Ball Corporation (US), Vidrala S.A. (Spain), Toyo Seikan Group Holdings, Ltd. (Japan), and CPMC Holdings Limited (China), among others.

By packaging type, the bottle segment is expected to hold a largest share in the market, during the forecast period

The beverage packaging market includes five major packaging types: bottle, can, pouch, carton, and others. The others segment includes bulk and draught containers for a large volume of packaging. Packages are used according to beverages that are served. Alcoholic beverages are served in bottles and packaging, whereas non-alcoholic drinks are mostly served in bottles. The bottle segment dominated the global market for beverage packaging in 2020. Bottles made from PET & HDPE are preferred by manufacturers for their cost-effectiveness. These bottles can compete with cartons on the extended shelf life of products when stored at chilled or ambient temperatures. The can segment accounted for the second-largest market share in terms of revenue in 2020.

Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=1222

By product type, non-alcoholic beverage will drive the demand for beverage packaging, in terms of value

Based on product type, the market is categorized as a non-alcoholic beverage, alcoholic beverage, and dairy beverage. The non-alcoholic beverage segment is dominated in the market. A non-alcoholic beverage usually acts as refreshment drinks for the majority of the population. Hence it captures a major market share in the overall beverage market. The non-alcoholic beverage market is flooded with a large number of strong brands of all product categories that make the market highly competitive. Therefore, in order to retain its customers and gain new customers, the players are coming up with a diversified range of products in beverages. The dairy beverage segment is projected to grow at the highest CAGR of during the review period.