According to the recent study the beverage container market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 4% to 6% from 2023 to 2028. Growth in this market is primarily driven by rising demand for effective packaging, increasing global population, and growing consumption for bottled beverages.
Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in beverage container market by material (plastic, glass, metal, paperboard and others), product (bottles, liquid cartons, cans, bag-in-boxes, pouch, jars and others), application (carbonated soft drinks, bottled water, milk, fruit beverages, sports beverages, ready-to-drink tea, enhanced water, beer, wine, distilled spirit and others), end use (alcoholic beverage, non-alcoholic beverage and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Plastic market is expected to remain the largest segment during the forecast period.”
Based on material, the beverage container market is segmented into plastic, glass, metal, paperboard and others. Lucintel forecasts that the plastic market is expected to remain the largest segment due to the recyclability, growing consumer preference for a recyclable plastic bottle and its ability to be molded into different shapes
“Within the beverage container market, the alcoholic beverage segment is expected to remain the largest end use”
Based on end use the alcoholic beverage segment is expected to witness the highest growth over the forecast period due to the increasing global consumption of alcoholic beverages and augmented demand for sustainable materials.
“Asia pacific will dominate the beverage container market in near future”
APAC will remain the largest region due to the rise of the packaging market for beverages, increase in personal disposable income and developing manufacturing plants in the region.
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Major players of beverage container market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Liqui-Box Corporation, Amcor Limited, Ampac Packaging LLC, Crown Holdings Incorporated, Ardagh Group SA, Ball Corporation, Berry Plastics Corporation are among the major beverage container providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/beverage-container-market.aspx or [email protected]