Beverage Container Market Its Competitive Analysis Between 2019 – 2025
Increasing production of different package sizes with
growing demand for bottled water, soft drinks, alcoholic beverages,
ready-to-drink tea, and nondairy milk alternatives will fuel beverage
containers market growth. Global beverage consumption is estimated over 950
billion liters in 2019 and is expected to witness notable growth over the
forecast period.
Positive applications outlook for metal cans
with increasing consumption of alcoholic and nonalcoholic beverages will create
new opportunities for manufacturers. Increasing popularity of mini cans for
carbonated soft drinks as well as sparkling beverages will help metal cans to
maintain sizeable market share. Increasing necessity for extended product life
and low manufacturing cost has prompted industry players focus on development
of sustainable and durable packaging solutions.
Favorable
government regulations and guidelines pertaining to the re-use of containers
will further provide positive business outlook for manufacturers. FDA has laid
down several guidelines pertaining to the re-use of containers. For instance,
manufacturer may re-use the container as a refillable if the manufacturer
considers the product to be suitable for re-use. However, overuse of containers
as refillable pose threat to consumer health, thus may hamper growth of
beverage containers market.
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Plastic is anticipated to witness over 4% growth in terms of
revenue up to 2025. Numerous advantages over conventional materials including
improved safety, light weight, attractive and unique design will boost the
segment growth. Beverage manufacturing companies are expected to prefer plastic
over other packaging solutions, owing to their lower cost of production and
ease of handling. However, increasing concern pertaining to environmental
safety is anticipated to limit product usage in forecast timeframe.
Nonalcoholic beverage containers market is anticipated to hold
over 50% revenue share by 2025. Increasing consumer preference for bottled
water in the developed and developing regions owing to growing concern
regarding contaminants in drinking water will support this segment growth.
Surge in demand for functional beverages among young generation in order to
supplement health is propelling the non-alcoholic beverage market.
Asia Pacific beverage containers market will witness over 4%
CAGR from 2019 to 2025. Key factors affecting the market include increasing
awareness regarding healthy and nutritious beverages. Increasing consumption of
alcoholic beverages in economies such as China, India, Japan, and South Korea
are expected to support industry expansion. Growing concerns regarding the
recyclability of disposed containers have been driving the trend for use
of sustainable materials in beverage
packaging. The continuously widening array of beverages in the industry are
presenting new growth opportunities to market players operating in this region.
Amcor Limited, Ball Corporation,
Rexam Inc., Owens-Illinois, Silgan Holdings, Toyo Seikan Group Holdings, Huber
Packaging Group, CLARCOR, and Ardagh Group are among the major beverage
container companies. The global beverage containers market share is fragmented
owing to the presence of medium, large regional and multinational players
operating comprehensively. Collaborations, mergers & acquisitions, and
portfolio expansion are among the key strategies to gain significant
competitive share by the major industry players.
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Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1 888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
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Beverage Container Market Its Competitive Analysis Between 2019 – 2025
Reviewed by GMI
on
June 20, 2019
Rating:
Reviewed by GMI
on
June 20, 2019
Rating:
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