This report provides exclusive insights into the COVID-19 impact on the Beverage Packaging Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Beverage Packaging Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Beverage Packaging Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by
Infinium Global Research on beverage packaging market provides in-depth
analysis of segments and sub-segments in the global as well as regional
beverage packaging market. The study also highlights the impact of drivers,
restraints, and macro indicators on the global and regional beverage packaging
market over the short term as well as long term. The report is a comprehensive
presentation of trends, forecast and dollar values of the global beverage packaging
market. According to the report, the global beverage packaging market is
projected to grow at a CAGR of 4.2% over the forecast period of 2019-2025.
Packaging allows the beverages to remain intact for a longer duration without
getting spoiled or contaminated. There are various types of material are preferred
for beverage packaging which includes flexible plastics, rigid plastics, paper
& board, rigid metal, and glass. Plastic packaging is preferred in the
beverage industry due to its benefits such as low manufacturing cost, lightweight and easy to carry.
packaging market has been driven by the growing consumption of beverages especially
alcoholic beverages, fruits juices, and water bottles. Moreover, high demand for
sustainable and convenient packaging solutions is another factor escalates the
growth of beverages packaging market. Additionally, expanding the importance of
preserving the quality of the content is expected to ample the growth of
beverages packaging market. Also, the growing adoption of bag-in-box and stand-up
pouches packaging for beverages along with growing demand from end-user
industries spur the growth of the market. Furthermore, personalization of the beverage
packaging is becoming more important as companies try to attract customers with
aesthetic and functional designs. Smaller size packs and multi-packs meant for
individual consumers are expected to spur the growth of the market in the near future.
Increase in demand for convenience beverage products presents an opportunity for
the manufacturers. Moreover, development in robotics, installation of automated
vending machines, process automation creates growth opportunities for the
beverages packaging market in coming years. Eco-friendly recyclable materials based beverage packaging is expected
to gain prominence in the near future as major beverage manufacturers are showing
their intent to adopt them.
geographies, Asia Pacific dominated the global beverages packaging market.
China is the largest beer consumer in the world and the demand for container glass
in China is 37% of the world. Rising population as well as disposable income,
changing lifestyles, increasing alcoholic drinks consumption and westernization
are some of the factors that drive the growth of the beverages packaging market
in the Asia Pacific region. At the same time, growing health awareness and more
concern towards carbon footprint, lead to improvements in beverages packaging
in this region. On the other hand, North
America is expected to be a lucrative market for beverages packaging. This is
due to increasing penetration of automation in the beverage packaging industry
and presence robust manufacturing industries such as Tyson Foods Inc., PepsiCo
Inc., Nestle, Anheuser-Busch InBev, Coca Cola Company and Kraft Heinz Co in The U.S. is likely to bolster the growth of the regional market during the forecast period.
The report on the global beverage
packaging market covers segments such as types, materials, and
applications. On the basis of types, the sub-markets include can, bottle,
pouch, carton, and others. On the basis of materials, the sub-markets include
plastic, glass, metal, paperboard, and others. On the basis of applications,
the sub-markets include alcoholic, non-alcoholic, and dairy.
The report provides profiles of
the companies in the market such as Alcoa Corporation, Amcor Limited, Ball
Corporation, Crown Holdings, Inc., Mondi Group, Owens-Illinois Inc., Rexam Ltd., Reynolds Group Holdings Limited, Compagnie de Saint-Gobain S.A., Stora Enso Oyj, and
Tetra Laval International S.A.
The report provides deep insights into
the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of beverage packaging market. Moreover, the study highlights current
market trends and provides forecast from 2019-2025. We also have highlighted
future trends in the market that will affect the demand during the forecast
period. Moreover, the competitive analysis given in each regional market brings
an insight into the market share of the leading players.