Beverage Packaging Market

Beverage Packaging Market Size, Share and Forecast Upto
2027
Packaging is the process of protecting or enclosing products for storage,
distribution, sale, and use. Beverage packaging refers to a container, designed to
hold a fixed volume of beverages such as alcoholic and non-alcoholic
beverages. Beverage packaging is manufactured by using glass, plastics
(flexible and rigid), metal, and paperboard.
Market Dynamics
Increasing demand for carbonated soft drink, bottled water, and other beverages
is fueling growth of global beverage packaging market. According to the
Centers for Disease Control and Prevention (CDC), from 2013 to 2016, water
accounted for 43.7% and soft drinks accounted for 19.9% of total beverage
consumption in the U.S.
Moreover, adoption of new technologies and innovations in the beverage
packaging sector, is a key driver aiding in the beverage packaging market
growth. For instance, in July 2019, SodaStream launched My Only Bottle, the
brand’s latest reusable bottle kit. Each bottle kit contains dishwasher-friendly
and UV resistant reusable bottle, metal straw, and a jute bag.
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Stringent government regulations on packaging is restraining growth of this
market. According to the Food Safety and Standards Authority of India
(FSSAI), under the Food Safety and Standards (Packaging and Labelling)
Regulations, 2011, juices and other beverages should be packed in clean bottles
and sealed securely. Sulphited juice and pulps should be packed in wooden
barrels.
Key Players
Key players operating in the global beverage packaging market include, Bemis
Company, Inc., Amcor Plc, Mondi Group, Tetra Laval Group, RPC Group PLC,
Rexam Inc. Alcoa Inc., Sonoco Products Company, Ardagh Group, and Crown
Holdings, Inc.
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The research report on Beverage Packaging Market is segmented by Packaging Type, by Material, by Application, and by Region - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

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