Beverage Containers Market Overview:
The Beverage Containers Market size is expected to witness significant gains owing to business expansion and introduction of various technologies in the market. Increasing its usage in Materials & Packaging industries should drive Beverage Containers market size. Global Beverage Containers Market is expected to rise from its initial estimated value of USD 58.64 billion in 2018 to an estimated value of USD 73.54 billion by 2026, registering a CAGR of 2.87% in the forecast period of 2019-2026.
Beverage containers are a type of packaging product which is produced to keep the contents of the package protected and reduce the risks of contamination from external factors. They are available in different shapes and sizes depending on the need of the beverage along with the need of materials for it. These packaging solutions provide branding and content information for the product and promote the appeal of the package.
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Major Market Players covered in the Market are:
Amcor Limited; Liqui-Box; BALL CORPORATION; Ardagh Group S.A.; Toyo Seikan Group Holdings, Ltd.; O-I; Silgan Holdings Inc.; Sonoco Products Company; Mondi; Alcoa Corporation; Reynolds; Crown; Tetra Laval International S.A.; Stora Enso; ProAmpac; CCL Industries; Berry Global Inc.; CKS Packaging, Inc.; CCC Packaging; Evergreen Packaging LLC; Berlin Packaging; Graham Packaging Company and Aditya Birla Management Corporation Pvt. Ltd.
By Material Type (Plastics, Paper & Paperboard, Glass, Metals),
By Product Type (Bottles, Cartons, Cans, Bag-In-Boxes, Jars, Pouches, Others),
By Application (Alcoholic Beverages, Non-Alcoholic Beverages)
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Based on regions, the Beverage Containers Market is classified into North America, Europe, Asia- Pacific, Middle East & Africa, and Latin America
Middle East and Africa (GCC Countries and Egypt)
North America (United States, Mexico, and Canada)
South America (Brazil, Argentina etc.)
Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
- Increasing demand for single use beverages containers and packaging offerings which is expected to drive the market growth
- Innovations in the market resulting in advanced product offerings along with focused and strategic marketing initiatives undertaken by the manufacturers of beverages; this factor is expected to drive the market growth
- Lack of recycling capabilities of plastics used in major products for beverage containers amid growing concerns for plastics waste globally is expected to restrain the market growth
Key Developments in the Market:
- In December 2018, Sonoco Products Company announced that they had completed the acquisition of Clear Pack Company, which will significantly improve the product offerings of Sonoco for plastics packaging products and solutions for the food, beverages, chemicals, and personal care products
- In November 2018, CCC Packaging announced that their subsidiary Reid Canada, Inc. had taken over Polybottle Group Limited and Humberline Packaging Inc., which will help them expand their business operations in Canada along with the introduction of Dura-Lite family of bottles product offerings
Highlights of TOC:
Overview: In addition to an overview of the Beverage Containers Market, this section provides an overview of the report to give an idea of the type and content of the study.
Market dynamics: Here the authors of the report discussed in detail the main drivers, restrictions, challenges, trends and opportunities in the market.
Product Segments: This part of the report shows the growth of the market for various types of products sold by the largest companies.
Application segments: The analysts who have authored the report have thoroughly evaluated the market potential of the key applications and identified the future opportunities they should create in the Beverage Containers.
Geographic Segments: Each regional market is carefully examined to understand its current and future growth scenarios.
Company Profiles: The top players in the Beverage Containers market are detailed in the report based on their market share, served market, products, applications, regional growth and other factors.
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