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Beverage Container Market Expected To Grow At A Highest CAGR Over The Forecast Timeframe

Author : Rahul Varpe | Published Date : 2019-06-19 

Beverage Container Market Size By Material (Paper & Paperboard, Plastic, Metal, Glass), By Container Type (Bottles, Cartons, Cans, Bag-In-Boxes, Jars, Pouches), By Application (Alcoholic Beverages [Beer, Wine, Spirit], Non-Alcoholic Beverages [Carbonated Soft Drinks, Bottled Water, Dairy, Juices, Sports Drinks Enhanced Water]), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025.

Strong demand for convenient & sustainable packaging solutions among consumers will drive beverage containers market growth. Factors such as aroma retention, strength, heat insulation, sealing, and barrier against moisture will support product application scope.  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 2018 and is expected to witness notable growth over the forecast period.

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According to a new research report by Global Market Insights, Inc. Beverage Containers Market size is estimated to exceed USD 250 billion by 2025.

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.

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.

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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.

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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