Beverage Containers Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025
Global Beverage Containers Market: Snapshot
The global beverage containers market is anticipated to rake in a colossal demand in the foreseeable future as the worldwide consumption of beverages continues to seek growth. Expected to touch a higher valuation in the coming years, the market for beverage containers could be pampered by the growing demand for high value-added packaging solutions and products. This demand is predicted to be encouraged by the rising trend of product design innovation.
In order to stand against the tide of intense competition in the global beverage containers market prevalent in dominating regions such as Asia Pacific, industry players are foreseen to adopt various business strategies. This could be evident through the 2015 deal announced between Bali and Rexam that is prognosticated to raise up a worldwide trendsetter in metal beverage packaging. Moreover, it could be positioned fighting fit in the market for catering to the needs of end users in lucrative regions such as Latin America, North America, and Europe.
Plastic packaging is envisioned to ride on its use in flexible as well as rigid applications for attaining a telling share in the global beverage containers market. It could surge its share in the market on the back of some promising advantages. Plastic packaging manufacturers are forecasted to be empowered by the dwindling plastic resin prices and availability of high-speed bottling lines for setting up competitive product prices. Although the demand for glass beverage containers could descend in future, it is still prophesied to remain as a desired selection for packaging high-end products.
Global Beverage Containers Market: Overview
A beverage container can be made up of several materials such as plastic, glass, and metal. They are designed to hold a fixed portion of liquid such as aerated drinks, fruit juices, energy drinks, herbal teas, soft drinks, and alcoholic beverages. The increasing consumer interest in lightweight, shatter resistant, portable, environment-friendly, and resealable packaging solutions is paving way for the development of innovative containers in the near future. The research report provides invaluable insights into the various trends and competitive scenario of the global market for beverage containers.
Global Beverage Containers Market: Key Trends
The rising awareness regarding the merits of beverage containers such as external environment protection and tampering resistance to beverages play a vital role in the growth of the market. The burgeoning demand for non-carbonated and healthy drinks and the growing consumer preference for single serving containers are providing a fillip to the global beverage containers market. Moreover, promising demographic trends such as rising demand for energy drinks among millennial is augmenting the market.
On the other hand, the presence of substitutes such as flexible packaging and paperboard cartons is creating an impediment to the growth of the market. The increasing concerns regarding the usage of PET in beverage containers are also negatively impacting the growth of the market. However, aggressive marketing campaigns along with the introduction of new products are estimated to provide a significant boost to the growth of the market in the near future.
Global Beverage Containers Market: Market Potential
The market trends indicate a sharp rise in the demand for lightweight containers among consumers. It involves redesigning of packaging materials to cut down the weight of products, thus making it easier to carry. Moreover, producing lightweight containers also reduces the intake of raw materials, thereby ensuring environment sustainability. For instance, in February 2015, Amcor Limited launched lightweight, hot-fill beverage bottles for its client. These cans are made up of 25% recycled aluminum and are 10% lighter than other cans. The company projects a reduction in the usage of 19,000 tons of aluminum per year due to their efforts.
The increasing efforts by players in expanding their geographical outreach will also create lucrative growth opportunities for the overall market. To put this in perspective, Crown Holdings Inc. started a production plant in Tioga County, New York in January 2017. This set up is anticipated to create 160 new jobs in the region with its new $132 million project.
Global Beverage Containers Market: Geographical Segmentation
The key segments methodically examined in the report on the basis of geography are Asia Pacific, Europe, North America, and Rest of the World. Asia Pacific is estimated to be a prominent market throughout the forecast period. The burgeoning demand for glass bottles from the beer industry coupled with the availability of a wide range of alcoholic beverages is propelling the growth of the region. Moreover, the booming food and beverage industry in the region is driving the demand for beverage containers. Countries such as China, South Korea, Japan, and India will be the sights of high growth in the region.
Global Beverage Containers Market: Competitive Landscape
The global beverage containers market is characterized by high competitive rivalry. Global leaders are aiming at consolidating their position through mergers and acquisitions and rigorous research and development activities. Product innovation is another key growth strategy for prominent players in the market to enhance their visibility. Some of the key players in the market are Ball Corporation, Rexam, Amcor Limited, Crown Holdings, Ampac Packaging LLC, Berry Plastics Corporation, Coca-Cola Company Incorporated, Evergreen Packaging, Hindalco Industries Limited, and Dean Foods Company.
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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