The beverage packaging market share in Europe will post an incremental growth of USD 10.10 billion, progressing at a CAGR of 5.67% during the forecast period. The rising sustainable practice in beverage packaging in Europe will offer immense growth opportunities to market vendors. The beverage packaging market in Europe is fragmented, and the vendors are deploying growth strategies such as low-pricing strategies and strengthening the local customer base to compete in the market.
Technavio’s report on “Beverage Packaging Market in Europe by Material and Location - Forecast and Analysis 2022-2026” provides a detailed analysis of the prevalent market forces, trends, and challenges likely to impact the market in focus.
The beverage packaging market in Europe is segmented by material (plastic, glass, and metal) and location (Western Europe and Eastern Europe).
The growth of the beverage packaging market size in Europe by the plastic segment will be significant during the forecast period. Owing to the increasing demand from consumers for sustainable and environment-friendly packaging, rigid plastic manufacturers are likely to introduce recyclable options for beverage packaging.
The rising sustainable practice in beverage packaging in Europe will directly influence the sales of beverage packaging in Europe. In addition, the increase in demand for digitally printed packaging is one of the major beverage packaging market trends in Europe that will positively impact the market growth. However, factors such as the fluctuation in raw material prices will hamper the beverage packaging market growth in Europe
The market is fragmented due to the presence of several players. Some of the major beverage packaging market vendors in Europe are Allied Glass Containers Ltd., Amcor Plc, AMS Europe e.V., AptarGroup Inc., Ardagh Group SA, Ball Corp., Beatson Clark Ltd., CANPACK SA, CCL Industries Inc., Crown Holdings Inc., Gerresheimer AG, Graphic Packaging Holding Co., Huhtamaki Oyj, Mondi plc, Multi Plastics Inc., O I Glass Inc., Plastipak Holdings Inc., Printpack Inc., Silgan Holdings Inc., Sonoco Products Co., Stora Enso Oyj, The Tetra Laval Group, Verallia SAS, and Vidrala SA.
To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
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Precise market size estimation during the forecast period 2022-2026.
CAGR of the beverage packaging market in Europe forecast during 2022-2026.
Market-level data on units, average selling prices, and values of the beverage packaging market share in Europe.
Prediction of the upcoming trends, drivers, and factors that challenge the growth of the beverage packaging market in Europe.
Beverage packaging industry growth across Europe.