Beverage Packaging Market Growth and Forecast to 2025

1. Rising environmental concerns promote Global Beverage Packaging Market Market overview: Market overview: The global Beverage Packaging Market was worth USD 117.0 billion in 2019, and it is predicted to reach a valuation of USD 173.7 billion by 2025 at a CAGR of 4.5% during the conjecture period. Packaging is the process of wrapping and packing an item. It involves designing and producing a cover for the product. Beverage packaging products are made of various materials, the main products are plastic, glass, metal and others. Others include plastic sheets for pallets, wooden containers, and more. Glass is the main beverage packaging material. It is used to make bottles and glasses for alcoholic and non-alcoholic beverages. Plastics also have a significant share of the beverage packaging market, which is primarily used for soft drinks and water. Recent developments: Recent developments: •Amcor Inc. announced in August 2019 that it has adopted cutting-edge design technology for the development of the first polyethylene terephthalate (PET) bottles. •Crown Holdings Inc. recently announced the launch of temperature sensing inks. Beverage packaging products are manufactured in association with Chronic Technologies Inc. Market Drivers and Restrains: Market Drivers and Restrains: The growing demand for profitable packaging and the extension of the shelf life of products are key factors driving the growth of the global beverage packaging market. The growing adoption of bioplastics and an increase in demand for convenient and sustainable packaging solutions is one of the key trends accelerating market growth. As the demand for small packages has skyrocketed, the demand for flexible bags and pouches has increased significantly. Changes in consumer preferences increase the usefulness of

2. packaging materials to improve barriers to resistance, taste retention, insulation, sealing and moisture. The packaging industry is adopting increasingly intelligent systems to maintain the nutritional content of beverages and provide maximum security. By integrating an active and intelligent system into your beverage container, you can ensure the remarkable momentum of the market. The global beverage packaging market is expected to grow well due to the huge demand for functional beverages. Increased demand for premium products, increased beverage consumption, and increased demand for sustainable and convenient packaging are expected to lead the global beverage packaging market. Beverage packaging uses various smart systems such as oxygen scavenger, water absorber, antibacterial and antioxidant to extend the shelf life of the product. The rising middle-class population, urbanization and changes related to lifestyle are foreseento promote the development of the global beverage packaging business. This packaging system also facilitates the handling and consumption of beverages. In addition, product safety during transport and the increased use of lightweight packaging by leading manufacturers are key factors driving the growth of the global beverage packaging market worldwide. Strict government regulations on the recyclability of disposable beverage products are key factors holding back the growth of the global beverage packaging market. Furthermore, increasing health problems for the general population and growing demand for green packaging are key factors that are expected to hinder the growth of the beverage packaging market during the outlook period. To To know more read: know more read: https://www.marketdataforecast.com/market-reports/global-beverage- packaging-market Report is segmented as: Report is segmented as: The global beverage packaging market is classified by type, material, use and region. The types of beverage containers are classified into bottles, cans, bags,

3. and cartons according to the market. Of all types of segments, bottles and cans dominated the beverage packaging market. The packaging segment includes glass, plastic, metal, and cardboard. Geographical Segmentation: Geographical Segmentation: North America plays a dominant role in the global beverage packaging market and has the largest share in terms of revenue compared to markets in other regions. The European market represents the second-highest revenue share contribution in the global beverage packaging market, with markets in Latin America and Asia Pacific, following behind. This may be due to the high consumption of FMCG products in your area. The Asia-Pacific market is expected to grow faster in terms of revenue as the beverage packaging industry in emerging economies such as India and China increase significantly. Impact of COVID 19 on Impact of COVID 19 on Beverage Packaging Market Beverage Packaging Market The demand for products in the various beverage products, including water, juice and other beverages, has increased, so the demand for beverage packaging is high. Additionally, consumers are interested in packaged beverages due to their long shelf life and easy storage, which is a key factor in promoting their use in the case of COVID-19. Key market players: Key market players: The main players in this market are Rexam PLC, Ball Corporation, Amcor Limited, Saint-Gobain S.A., Tetra Laval International S.A, Reynolds Group Holdings Limited and Owens-Illinois, Inc. View sample and decide: View sample and decide: https://www.marketdataforecast.com/market-reports/global-beverage- packaging-market/request-sample Scope of the report Scope of the report: :

4. The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated. The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity. What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions. About Us: About Us: Market Data Forecast is a firm working in the areas of market research, business intelligence and research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients. For more i For more information: nformation: Abhishek Shukla Sales Manager at Market Data Forecast Email: abhishek@marketdataforecast.com Tel: +1-888-702-9626

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