Beverage Packaging Market to Undertake Strapping Growth during 2031
Beverage Packaging Market to Undertake Strapping Growth during 2031
A recent market intelligence report that is published by Data Insights Partner on Beverage Packaging Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international. The research study also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and world Beverage Packaging Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of international Beverage Packaging Market is offered.
In accordance with the report, the Beverage Packaging Market is projected to expand at a CAGR of X.X% over the period of forecast. The global Beverage Packaging Market was valued at USD XX.X Mn in 2019 and is expected to reach USD XX.X Mn in 2031, growing with a significant CAGR rate during the forecast period. The demand for the industry is boosted by advanced technology in packing machinery and equipment. The growing popularity of energy drinks is likely to boost demand for beverage packaging. Overall market benefits accrue to beverage packaging suppliers who engage in the expansion of production capacity. The majority of the packaging industry in the market is made up of carbonated and non-carbonated beverage packaging. The worldwide packaging market is experiencing increased demand as demand for sustainable products and awareness of environmentally friendly packaging grows. Furthermore, as youths' health consciousness grows, so does their desire for bottled juices, energy drinks, and health drinks, resulting in greater beverage packaging growth. The biggest potential to boost the growth of the beverage packaging industry is for customers to become more conscious of the need of utilising environmentally friendly products. Biodegradable and renewable raw materials are used to create these environmentally friendly items. Consumption of alcoholic beverages is being favourably influenced by increased demand for premium products, boosted by rising disposable income. This factor is expected to bolster the market demand during the forecast period. Customers are increasingly opting for recyclable plastics these days. One of the main elements driving the adoption of recycled plastics for beverage packaging is a growing awareness of environmental protection. Geographically, the Asia Pacific beverage packaging market is expected to grow significantly over the study period. Increased packaged food and beverage consumption in the region, fueled by busy lifestyles, is driving market expansion. Furthermore, increased urbanisation and population growth in the APAC economies will bolster the regional market in the near future.
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To compile the detailed study of the global Beverage Packaging Market, a robust research methodology has been adopted that aids in determining the key insights and also evaluates the growth prospects of the Beverage Packaging Market. Comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecast possible. The company utilizes a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Our research methodology implements a mix of primary as well as secondary research. Our projects are initiated with secondary research, where we refer to a variety of sources including trade databases; government published documents, investor presentations, company annual reports, Industrial papers, and paid databases. To carry out secondary research, the analysts have collected the information through company annual reports, journals, company press releases, and paid databases that were referred to gain and identify better opportunities in the Beverage Packaging Market.
COVID-19 Scenario Analysis:
The COVID-19 outbreak has shaken the whole economy in the world. In this scenario some industries are doing quite well while others have been crushed. This section of the report has explored the overall status of the COVID-19 scenario. The industry witnessed a huge decline in terms of sales. Likewise, the Beverage Packaging Market was affected negatively due to the shutdown of manufacturing/processing facilities for some time. The analysts have also focused on the key measures that the companies are opting to withstand the harsh scenario.
Beverage Packaging Market report has been segmented By Types, By Material, By Application also includes the market size and forecast for all these segments. Compounded annual growth rates for all segments have also been provided for 2019 to 2031. This report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
Beverage Packaging Market research report includes an in-depth coverage of the industry with estimates & forecast from 2022 to 2031, for the following segments:
Beverage Packaging Market, By Types, 2022-2031 (USD Million)
- Liquid Cartons
- Beverage Cans
- Glass Bottles
- Plastic Bottles
Beverage Packaging Market, By Material, 2022-2031 (USD Million)
Beverage Packaging Market, By Application, 2022-2031 (USD Million)
- Alcoholic Drinks
o Fruit Juice
o RTD Beverages
o Bottled Water
o Tea & Coffee
o Milk Products
The prime objective of the Beverage Packaging Market report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing with different major regions and more than 30 major countries across the globe. During the report's production, extensive research and analysis were conducted. This research will assist readers in gaining a thorough understanding of the market.
Beverage Packaging Market, By Region, 2022-2031 (USD Million)
- North America ( United States, Canada, Mexico)
- Europe (Germany, UK, France, Italy, Russia, Spain, and Rest of Europe)
- South Asia ( India, Pakistan and Bangladesh)
- East Asia (China, Japan and South Korea)
- South East Asia (Indonesia, Thailand, Singapore, Malaysia, Rest of SE Asia)
- Middle East (Turkey, Saudi Arabia, Iran, UAE, Israel, Iraq, Qatar, Rest of MEA)
- Africa (Nigeria, South Africa, Egypt, Algeria, Rest of Africa)
- South America (Brazil, Argentina, Colombia, Chile, and Rest of SA)
- Oceania (Australia and New Zealand)
To enhance their position in the global market, key suppliers/manufacturers are concentrating on business expansion and product innovation. Manufacturers/producers are also working on boosting their manufacturing capacity and product quality to gain a competitive advantage. The following are some of the prominent manufacturers in the worldwide Beverage Packaging Market:
- Amcor Limited.
- Ardagh Group S.A.
- BA Glass Germany GmbH.
- Ball Corporation
- Beatson Clark Ltd.
- Berry Global, Inc.
- Brodrene Hartmann A/S
- Crown Holdings, Inc.
- Gerresheimer AG.
- Huhtamaki Oyj.
- Intrapac International Corporation
- Mahmood Saeed Beverage Cans & Ends Industry Company Ltd.
- Nampak Ltd.
- Orora Packaging Australia Pty Ltd.
- Owens-Illinois, Inc.
- Silgan Containers LLC.
- UFP Technologies, Inc.
- Vidrala S.A.
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Beverage Packaging Market Report Highlights:
- Detailed analysis of the parent market
- Key players' strategies and products supplied in the competitive landscape
- Market segmentation in depth analysis
- Market size in terms of volume and value, past, present, and future scenario
- Potential and specialty areas, as well as geographical regions with promising growth prospects
- Market players use this information to maintain and expand their market presence, thus it's important to have an unbiased perspective on market performance.
- Recent advancements and technological trends in the industry