Bizizz Market Research has recently published a research report, “Beverage Packaging Market By product Type (Liquid Cartons (Beverage Cans, Glass Bottles, Plastic Bottles), and others), Material (Glass, Plastic (HDPE, LDPE, PET, PP). metal and Paper/Paperboard), Application (Alcoholic Drinks (Beer, Wine, Spirits and Others), Non-Alcoholic Drinks (Fruit Juice, Carbonated/Soda, RTD Beverages, Bottled Water, Tea & Coffee and Milk Products), Component, and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global Beverage Packaging Market was valued at US$ XX Bn in 2018 and it is anticipated to reach at market value of US$ 140.5 Bn by 2027, witnessing a CAGR of 5.6 % during the forecast period. Key drivers of the market are increased demand for on the good beverages coupled with shift in the customer lifestyle.
Globally the demand for on the go beverage is anticipated to boost the growth of beverage packaging market. Packaged water is one of the key beverage packages witnessed a higher growth in consumption. Manufacturers are focusing on these opportunities and have been investing in various initiatives to improve the output of their manufacturing lines to serve growing demand in the beverage packaging industry. Key factors that are augmenting the growth of bottled water intake are the bad quality of tap water existing in developing nations and increased tax on sugary drinks.
The Beverage Packaging market is anticipated to register a CAGR of over 5.6% during the forecast period.
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By Product, Liquid cartoons segment held a key share in Global Beverage Packaging Market in 2018.
Increased demand of packaged beverages and foods, ease in transportation and carrying, product advancement are supporting to the growth of liquid cartons market. Substantial growth has been observed in the food and beverage industry of Asia Pacific, contributing to rise in demand of healthy and packaged water. Rise in consumption of beverages including soft drinks are also anticipated to fuel the growth of liquid packaging cartons during the forecast period.
Asia pacific is Anticipated to Dominate the Global Beverage Packaging Market during the Forecast Period.
The Asia pacific region is witnessing high growth of beverage cans and bottles made up of PET are by cost-effectiveness of these offerings. However, increased consumption rate of packaged juices, tea and coffee, and bottled water are also stimulating the demand of beverage packaging market. The region also has good market potential in account of propelling demand of beverage packaging from developing economies such as India and China.
Global Beverage Packaging market was moderately consolidated with key players accounting for significant share in 2018. The companies are competing in the market through offering sustainable packaging solution in order to comply with government regulations.
Prominent players operating in the Global Beverage Packaging Market are: Gatewing, Sensefly, DeltaBeverage Packaging, Titan aerospace, Infotron, Ascending Technologies, Aerial MBO, RedBird, Flying Eye, InterBeverage Packaging, among others.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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