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Beverage Packaging Market to Hit $38.9 Billion by 2027: Says FMI
Beverage Packaging Market to Hit $38.9 Billion by 2027: Says FMI
Published by mark itwired
Posted on September 8, 2021
Global Banking and Finance Review
Company
Published by mark itwired
Posted on September 8, 2021
The global beverage packaging market will reach nearly US$ 193 billion by 2016, up from US$ 181 billion in 2014. Demand for beverage packaging is expected to grow at over 3% annually between the period 2014 and 2020.
Leading players in the beverage packaging market are focusing on expanding their product portfolio through new product launches and acquiring product design specialised firms to cater to a wide range of end-use industries.
New York-based Alcoa Inc. is focused on the production of aluminium bottles and aseptic foil for the beverage industry. The company is looking to increase its footprint in China to cater to the growing aluminium packaging demand from the beer industry.
Metal beverages packaging accounts for over 70% of overall revenues for Ball Corporation. In a bid to boost its presence in Europe, Ball Corporation announced the expansion of its metal beverage cans facility in Lublin, Poland. The company also acquired the metal end and closure facilities of Sonoco Products Company in Canton, U.S. to further strengthen its position in the US beverage packaging market.
Beverage can segment accounts for over half of the total revenues for Philadelphia-based Crown Holdings. Western Europe is a lucrative region for the company, representing nearly 40% of the revenues. In early 2015, the company announced plans to set up a new beverage can manufacturing plant in Mexico. The move is aimed at meeting the growing demand for beverage cans in Latin America.
Request a Complete TOC of this Report with figures:
https://www.futuremarketinsights.com/toc/rep-gb-196
What are future prospects for the beverage packaging market?
The beverage packaging market is anticipated to witness an impressive growth rate, with the market creating an incremental opportunity of US$ 38.9 Bn by the end of 2027.
What is the degree of competition in the beverage packaging market?
The beverage packaging market is fragmented and has an intense competition landscape with a large number of regional and local market players. Crown Holdings Inc., Ball Corporation, Ardagh Group S.A., and Amcor Limited are some of the significant players in the beverage packaging market.
Which region is expected to generate the highest sales in the beverage packaging market?
The APEJ region is expected to witness maximum growth in the beverage packaging market, due to the rise of on-the-go consumption habits. Increasing disposable incomes, and a fast-paced lifestyle, coupled with easy access to retail outlets, are other factors that enable more consumers to opt for packaged beverages, especially in developing countries such as India.
What per cent of the market share can market stakeholders derive from liquid cartons over the next decade?
The liquid cartons segment is expected to hold a market share of more than 30% of the global beverage packaging market during the forecast period. FMI projects promising growth for liquid cartons, with the segment anticipated to grow 1.5x over the forecast period.
How will plastic bottles create new value-adding business opportunities for market players?
Key players such as Ball Corporation and Crown Holdings, Inc. emphasize smart packaging technologies such as smart water bottles and beverage cans, which are lightweight, easy to chill, and open.
Which companies are investing significantly in the development of innovative products?
Players such as Berry Global, and Owens-Illinois, Inc. are focusing on acquisitions & collaborations in the beverage packaging market. In contrast, small players such as BA Glass Germany GmbH, and Intrapac International Corporation are putting emphasis on product development to sustain their positions in the market over the forecast period.
| Attribute | Details |
| Forecast Period | 2012-2016 |
| Historical Data Available for | 2017-2027 |
| Market Analysis | US$ Mn for Value and Tonnes for Volume |
| Key Regions Covered | North America, Latin America, Western Europe, Eastern Europe, APEJ, MEA, Japan |
| Key Countries Covered | U.S, Canada, China, India, ASEAN, Australia and New Zealand, Rest of APEJ, Germany, Italy, France, Spain, Nordic, U.K., BENELUX, Rest of Western Europe, Russia, Poland, Rest of Eastern Europe, Brazil, Mexico, Argentina, Rest of Latin America, North Africa, GCC Countries, South Africa, and Rest of the Middle East and Africa |
| Key Segments Covered | Product Type, Material Type, Application and Region |
| Key Companies Profiled | Huhtamaki Oyj.Brodrene Hartmann A/SUFP Technologies, Inc.Crown Holdings, Inc.Amcor Limited.Ardagh Group S.A.Ball CorporationGerresheimer AG.Owens-Illinois, Inc.Berry Global, Inc.Beatson Clark Ltd.Intrapac International CorporationBA Glass Germany GmbH.Nampak Ltd.Vidrala S.A.Silgan Containers LLC.Mahmood Saeed Beverage Cans & Ends Industry Company Ltd.Orora Packaging Australia Pty Ltd. |
| Report Coverage | Market Overview, Key Market Trends, Key Success Factors, Demand Analysis, Market Background, COVID-19 Analysis, Segmental Analysis, Regional Profiling, Market Structure & Competition Analysis |
| Customization & Pricing | Available Upon Request |
The global beverage packaging market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
Product Type
Material Type
Application
Region
The post Beverage Packaging Market to Hit $38.9 Billion by 2027: Says FMI first appeared on Market Research Blog.
The global beverage packaging market will reach nearly US$ 193 billion by 2016, up from US$ 181 billion in 2014. Demand for beverage packaging is expected to grow at over 3% annually between the period 2014 and 2020.
Leading players in the beverage packaging market are focusing on expanding their product portfolio through new product launches and acquiring product design specialised firms to cater to a wide range of end-use industries.
New York-based Alcoa Inc. is focused on the production of aluminium bottles and aseptic foil for the beverage industry. The company is looking to increase its footprint in China to cater to the growing aluminium packaging demand from the beer industry.
Metal beverages packaging accounts for over 70% of overall revenues for Ball Corporation. In a bid to boost its presence in Europe, Ball Corporation announced the expansion of its metal beverage cans facility in Lublin, Poland. The company also acquired the metal end and closure facilities of Sonoco Products Company in Canton, U.S. to further strengthen its position in the US beverage packaging market.
Beverage can segment accounts for over half of the total revenues for Philadelphia-based Crown Holdings. Western Europe is a lucrative region for the company, representing nearly 40% of the revenues. In early 2015, the company announced plans to set up a new beverage can manufacturing plant in Mexico. The move is aimed at meeting the growing demand for beverage cans in Latin America.
Request a Complete TOC of this Report with figures:
https://www.futuremarketinsights.com/toc/rep-gb-196
What are future prospects for the beverage packaging market?
The beverage packaging market is anticipated to witness an impressive growth rate, with the market creating an incremental opportunity of US$ 38.9 Bn by the end of 2027.
What is the degree of competition in the beverage packaging market?
The beverage packaging market is fragmented and has an intense competition landscape with a large number of regional and local market players. Crown Holdings Inc., Ball Corporation, Ardagh Group S.A., and Amcor Limited are some of the significant players in the beverage packaging market.
Which region is expected to generate the highest sales in the beverage packaging market?
The APEJ region is expected to witness maximum growth in the beverage packaging market, due to the rise of on-the-go consumption habits. Increasing disposable incomes, and a fast-paced lifestyle, coupled with easy access to retail outlets, are other factors that enable more consumers to opt for packaged beverages, especially in developing countries such as India.
What per cent of the market share can market stakeholders derive from liquid cartons over the next decade?
The liquid cartons segment is expected to hold a market share of more than 30% of the global beverage packaging market during the forecast period. FMI projects promising growth for liquid cartons, with the segment anticipated to grow 1.5x over the forecast period.
How will plastic bottles create new value-adding business opportunities for market players?
Key players such as Ball Corporation and Crown Holdings, Inc. emphasize smart packaging technologies such as smart water bottles and beverage cans, which are lightweight, easy to chill, and open.
Which companies are investing significantly in the development of innovative products?
Players such as Berry Global, and Owens-Illinois, Inc. are focusing on acquisitions & collaborations in the beverage packaging market. In contrast, small players such as BA Glass Germany GmbH, and Intrapac International Corporation are putting emphasis on product development to sustain their positions in the market over the forecast period.
| Attribute | Details |
| Forecast Period | 2012-2016 |
| Historical Data Available for | 2017-2027 |
| Market Analysis | US$ Mn for Value and Tonnes for Volume |
| Key Regions Covered | North America, Latin America, Western Europe, Eastern Europe, APEJ, MEA, Japan |
| Key Countries Covered | U.S, Canada, China, India, ASEAN, Australia and New Zealand, Rest of APEJ, Germany, Italy, France, Spain, Nordic, U.K., BENELUX, Rest of Western Europe, Russia, Poland, Rest of Eastern Europe, Brazil, Mexico, Argentina, Rest of Latin America, North Africa, GCC Countries, South Africa, and Rest of the Middle East and Africa |
| Key Segments Covered | Product Type, Material Type, Application and Region |
| Key Companies Profiled | Huhtamaki Oyj.Brodrene Hartmann A/SUFP Technologies, Inc.Crown Holdings, Inc.Amcor Limited.Ardagh Group S.A.Ball CorporationGerresheimer AG.Owens-Illinois, Inc.Berry Global, Inc.Beatson Clark Ltd.Intrapac International CorporationBA Glass Germany GmbH.Nampak Ltd.Vidrala S.A.Silgan Containers LLC.Mahmood Saeed Beverage Cans & Ends Industry Company Ltd.Orora Packaging Australia Pty Ltd. |
| Report Coverage | Market Overview, Key Market Trends, Key Success Factors, Demand Analysis, Market Background, COVID-19 Analysis, Segmental Analysis, Regional Profiling, Market Structure & Competition Analysis |
| Customization & Pricing | Available Upon Request |
The global beverage packaging market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
Product Type
Material Type
Application
Region
The post Beverage Packaging Market to Hit $38.9 Billion by 2027: Says FMI first appeared on Market Research Blog.