Beverage Packaging Market Projections: US$ 242.01 Mn. in Sight by 2029

Beverage Packaging market is expected to reach US$ 242.01 Mn. in 2029, with a CAGR of 6.42% for the period 2023-2029, because of the growing emphasis on eco-friendly and biodegradable packaging.

Beverage Packaging Market Overview:

The purpose of this study is to provide an in-depth analysis of the Beverage Packaging Market by component, application, industry, and geography. The study provides detailed information on the major factors influencing the growth of the Beverage Packaging industry. The study also provides a thorough examination of the market’s value chain.

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Beverage Packaging Market Scope:

The research method used to assess and forecast the Beverage Packaging market begins with gathering revenue data from key suppliers using secondary research sources. When defining market segmentation, vendor offerings are also considered. Using the bottom-up method, the income of major corporations was utilized to assess the total size of the Beverage Packaging market.

Beverage Packaging Market Drivers:

Over the forecast period, the beverage packaging industry is expected to rise at a rapid pace. The growing emphasis on eco-friendly and biodegradable packaging is expected to raise demand for beverage packaging, enhancing market trends in the process. Also, as more producers use biodegradable, recyclable, and compostable packaging, the market is see increased growth in the coming years.

The government’s enforcement of severe plastic usage laws has further hampered market growth. The ban on single-use plastic in various countries throughout the world, for example, will have a simultaneous impact on the beverage packaging market share. Moreover, the growing desire to protect natural habitats and the environment may put a strain on the beverage packaging supply chain, resulting in a slowdown in the beverage packaging market revenue throughout the forecast period.

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Beverage Packaging Market Segmentation:

by Product Type

Non-alcoholic beverages
Alcoholic beverages
Dairy beverages

by Packaging Type

Bottle
Can
Carton
Pouch
Other packaging type

by Material Type

Metal
Plastic
Glass
Paper & paperboard
Other material type

Beverage Packaging Market Key Players: The key players are

1. Amcor Group GmbH
2. O-I Glass, Inc.
3. Crown Holdings, Inc
4. Ardagh Group S.A.
5. Verallia SA
6. Tetra Pak Group
7. Ball Corporation
8. Vidrala S.A.
9. Toyo Seikan Group Holdings, Ltd.
10. CPMC Holdings Limited
11. Huhtamaki Oyj.
12. Brodrene Hartmann A/S
13. UFP Technologies, Inc.
14. Gerresheimer AG.
15. Owens-Illinois, Inc.
16. Berry Global, Inc.
17. Beatson Clark Ltd.
18. Intrapac International Corporation
19. BA Glass Germany GmbH.
20. Nampak Ltd.
21. Silgan Containers LLC.
22. Mahmood Saeed Beverage Cans & Ends Industry Company Ltd.
23. Orora Packaging Australia Pty Ltd.
24. Others

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Beverage Packaging Market Regional Analysis:

Market share information for North America, Europe, Asia-Pacific, the Middle East, and Africa, and South America are available separately. Maximize analysts assess competitive strengths and conduct competitive analysis on each rival separately.

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COVID-19 Impact Analysis on Beverage Packaging Market: The report also includes the detailed impact of COVID-19 on the Beverage Packaging market.

Key Questions Answered in the Beverage Packaging Market Report are:

  • Which segment had the largest share in the Beverage Packaging market?
  • How is the competitive scenario of the Beverage Packaging market in 2020?
  • Which are the key drivers impacting the Beverage Packaging market growth?
  • Which region holds the maximum share in the Beverage Packaging market?
  • What will be the CAGR of the Beverage Packaging market during the forecast period (2021-2027)?

About Maximize Market Research:

Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

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