Global Beverage Packaging Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

Global Beverage Packaging Market Overview:

“The global Beverage Packaging Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

The report offers insightful and detailed information regarding the various key players operating in the global beverage packaging market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global beverage packaging market report has been segmented on the basis of product type, application, and region.

Packaging is referred to activity related to designing, evaluating, and producing a container for a product serving basic purpose of protecting, easy to handle, and storage. Major types of material and components included in food & beverage packaging are rigid plastic, paper & board, rigid metal, glass. Packaging plays an important role in beverage industry apart from keeping the product safe it creates a brand image in mind of the consumer and influences their perception towards quality of the product.

Rising demand for cost effective packaging, and longer shelf life of products are key factors driving growth of the global beverage packaging market. In addition, product safety during transportation and increasing use of lightweight packaging material by major manufacturers are major factors expected to fuel growth to the global beverage packaging market.

Stringent government regulations regarding recyclability of disposable beverage products is a key factor restraining growth of the global beverage packaging market. Additionally, increase in health concerns among the general population, and rising demand for eco-friendly packaging are major factors expected to hamper growth of the global beverage packaging market over the forecast period.

North America is a dominant player in the global beverage packaging market and accounts for highest market share in terms of revenue as compared to that of markets in other regions. This can be attributed to high consumption of FMCG products in countries in the region. The market in Europe accounts for the second-highest revenue share contribution to the global beverage packaging market followed by markets in Latin America, and Asia Pacific respectively. The market in Asia Pacific is projected to have the fastest growth in terms of revenue, owing to substantial increase in beverage packaging industries in emerging economies such as India and China.

Global Beverage Packaging Market Segmentation:

Global beverage packaging market segmentation, by product type:

• Glass
• Plastic
• Paperboard
• Metal

Global beverage packaging market segmentation, by application:

• Dairy factory
• Alcohol Factory
• Soft Drink Factory

Global beverage packaging market segmentation, by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa