DUBLIN--(BUSINESS WIRE)--The "Global Beverage Packaging Market - Segmented by Material, Product Type, Type of Beverages and Region - Growth, Trends and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The beverage packaging market was valued at USD 111.36 billion in 2017, and is expected to reach a value of USD 142.28 billion by 2023 at a CAGR of 4.17%, over the forecast period 2018-2023.
The beverage industry encompasses drinks, primarily ready-to-drink alcoholic and non-alcoholic beverages. The industry is witnessing a strong growth due to evolving efficient distribution and packaging mechanism, introduction of new innovative products, and increased consumption frequency and trials, achieved with persuasion from traditional advertising and digital media. The market is witnessing new segments, like energy and sports drinks, vitamin water, flavored water, flavored tea and coffee, and vegetable juices, over the years.
The plastic beverage packaging segment is anticipated to grow at a healthy rate, owing to several factors, such as the high growth of end-user applications, dynamically changing lifestyles, availability of feedstock, and increasing emphasis on manufacturing innovative designs. Plastic bottles are becoming more pervasive because of their advantages over glass bottles.
The Asia-Pacific region holds a significant potential for development, in terms of the most prospective countries. The market holds major share in retail packaging, estimating to nearly 75%, as major manufacturing is done in China. The demand for beverages, and hence the demand for beverage packaging, is expected to grow faster in the Asia-Pacific region, due to a rise in income and ongoing population shift from rural to urban, in major countries such as China, Japan, and India.
- Amcor Limited
- Bemis Company Inc.
- Mondi PLC
- Tetra Laval International SA
- RPC Group PLC
- Alcoa Inc.
- Rexam Inc.
- Reynolds Group Holdings
- Sonoco Products Company
- Crown Holdings Incorporated
- Ardagh Group
Key Topics Covered:
2. Research Approach and Methodology
3. Executive Summary
4. Market Dynamics
5. Global Beverage Packaging Market Segmentation
6. Competitive Intelligence - Company Profiles
7. Investment Analysis
8. Future of Global Beverage Packaging Market
For more information about this report visit https://www.researchandmarkets.com/research/vt5v5h/global_beverage?w=4