The global Beverage Packaging Market was valued at $118.54 Billion in 2017 and is forecast to grow at a modestxx.3 % CAGR between 2018 and 2025, culminating in 2025 global sales of $174.7 Billion.
Beverage packaging is the material that carries the brand image, drive sales,& attract consumer attention on retailer shelves. The packaging of beverages both carbonated & non-carbonated is a complex technological in the food processing & packaging industry. The use of glass bottles for the packaging fruit beverages was spread although the hot fill/hold /cool has applied to with care to avoid breakage of containers.
Tea, coffee, alcoholic drinks, Fruit juice, carbonated soft drinks are the most popular beverages in the world today & sophisticated packaging media & techniques have enabled retention of the unique color, taste & aroma of these beverages while in transportation & storage. In rigid application plastic, metal, & glass are the major packaging materials are used. flexible plastics packages offer an economical saving over conventional glass & metal containers. Use of PET bottles for packaging alcohol beverages & carbonated soft drinks has revolutionized the packaging Industry in developing nations. Use of plastic packaging in the beverages market will witness high growth.
“Optimal Price Point (OPP) for Beverage Packaging”
Estimated Average product/ service cost – $ xx globally. However, with improving access and availability of options, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.
Due to the wide array of products available in the market, pricing, positioning, and sales channel optimization play a vital role in the success of a product. On an average, in the China Beverage Packagingare available at USD xxx- USD xxxx. However, the high-end products are available at much higher prices. The prices in emerging countries and developed countries vary significantly due to the difference in purchasing power and availability of latest products.
Beverage Packaging “by Product Categories”
We have segmented the Beverage Packaging based on product categories as Can, Bottle & Jars, Pouch, Carton.
Can is made up of low carbon mild steel coated with tin with easy open ends are used these tinplate containers are either 2 pieces or 3-piece pierce container they are lacquered internally to prevents corrosion. Bottles & jars are used for the packaging of fruit beverages was widespread although the process had to be applied with the care to avoid breakages of the containers. Glass is still the preferred packaging medium high-quality fruit beverages. The pouchis used for packing of liquid & food which are made from a laminate of flexible plastic &metal foils. A carton is a container which is made up of paperboard& sometimes of corrugated fiberboard.
Beverage Packaging by“Material”
We have segmented the Beverage Packaging market based on Material are Plastic, Glass, & metal.We observed the plastic beverage packaging is still the preferred packaging medium for high-quality acidic fruit juices either as flat pouches or stand up pouches which result in extend share in the large market, extend the shell life of products, provides greater consumer convenience & ultimate to produce economic packages. The use of plastic packaging in the beverage market will witness high growth.
Beverage Packaging Market by “Application”
We have segmented the Beverage Packaging market based on Application as Alcoholic & Non-Alcoholic. We have observed the maximum uses of alcoholic beverages packaging to enhance its shelf life & towards protecting the life of the beverages which has witnessed the growth of the segment during the forecast period.
Asia Pacific accounted for the maximum revenue share of over xx% in 2017 due to increased demand of Beverage Packaging followed by EU-Top 5 countries contribute $X.6 Billion in 2017 and expected to reach $x.5 Billion by 2023.
The key regions analyzed in the study include Asia Pacific, Europe, North America, Latin America and the Middle East and Europe. In 2017, North America has the major market share followed by Asia-Pacific.
Due to the food processing industry, rising prevalence of Health, and increasing obesity among the population. North America is expected to have the growth such as U.S &Canada encouraging providing profit margins to key market participants, and rising disposable income is driving the regional market.
“Competitive Landscape” and “Merger & Acquisition Insights”
The key market participants includeCrown Holding Inc, Reynolds Group Holdings Limited, Sonoco Products Company, Saint-Gobain S.A, Alcoa Corporation, Amcor Ltd, Mondi plc, Bemis Company, Inc are few major players in Beverage Packaging markets. The market of Beverage Packaging is fragmented with a large number of global & local players. Merger &Acquisitions, collaborations & new products launch are some of the major strategies adopted by key market players. Apart from this innovation& new product development are a major focus area for dominant companies.
Beverage Packaging Market by-product Categories(Revenue, Million, 2014 – 2025)
- Bottles & Jar
Beverage Packaging Market by Material(Revenue, Million, 2014 – 2025)
Beverage Packaging Market by Application(Revenue, Million, 2014 – 2025)
- Non – Alcoholic
Beverage Packaging Market Regional Outlook (Revenue, USD Million, 2014- 2025)
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
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