According to Technavio’s latest market research study, the global beverage packaging market is expected to grow at a CAGR of more than 5% during the forecast period, 2017-2021.
This report by Technavio provides an in-depth analysis of the global beverage packaging market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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The top three revenue contributing material type segments are discussed below:
Global plastic beverage packaging market: Plastic is preferred over glass bottles, jars, and metal containers as it is lightweight, comparatively cheaper than other packaging materials, and are available in different designs. Polyethylene terephthalate (PET), polystyrene, and polypropylene (PP) are the most commonly used plastics in beverage packaging.
“The increase in the demand for sustainable and environment-friendly packaging increases the pressure on rigid plastic manufacturers to introduce recyclable options,” says Sharan Raj, a lead analyst at Technavio for research on packaging.
Global glass beverage packaging market: Weight and handling are the biggest challenges for the glass packaging industry. The alcoholic beverage sector is the primary end-user of glass beverage packaging. Beer is one of the main commodities that requires glass packaging due to its sensitivity to UV light.
Global beverage packaging market by metal: durability and environmental resistance are the key features driving the adoption of metal packaging in the beverage industry. Based on the raw material used, the metal beverage packaging market can be segmented into aluminum, steel, and tinplate packaging.
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The top vendors operating in the global beverage packaging market are:
- Amcor
- Ball
- Crown Holdings
- Owens-Illinois
Other prominent vendors in the market include Allied Glass Containers, Aptar, Ardagh, Bemis, CAN-PACK, CCL Industries, CKS Packaging, DS Smith, Evergreen Packaging, Genpak, International Paper, Westrock, Mondi, Parksons Packaging, Plastipak Packaging, Saint-Gobain, Silgan Holdings, and Tetra Pak.
A more detailed analysis is available in the Technavio report titled, ‘Global Beverage Packaging Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Food and Beverage Packaging Machinery Market 2016-2020
- Global Flexible Packaging Market for Food and Beverages 2016-2020
- Global Packaged Food Traceability Market 2016-2020
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