Beverage Packaging Market Size to Grow by $ 75.01 Billion through 2021-2025 | Forecast and Trend Analysis
Technavio has been monitoring the beverage packaging market and it is expected to grow by $ 75.01 billion, accelerating at a CAGR of almost 6% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking
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Beverage Packaging Market: Emerging Trends to Impact Market Growth
The rising consumption of bottled water is driving the beverage packaging market. Growth by the rigid plastics segment has been significant in recent years and is expected to provide further growth opportunities during the forecast period. APAC has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. Growing adoption of PET packaging bottles in the alcoholic beverage industry will facilitate the beverage packaging market growth in APAC during the forecast period.
This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will enable clients to assess their play in the market and plan for growth opportunities.
Beverage Packaging Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Amcor Plc, Ardagh Group SA, Ball Corp., Crown Holdings Inc., DS Smith Plc, Mondi Group, O-I Glass Inc., Smurfit Kappa Group Plc, Tetra Laval International SA, and WestRock Co. are some of the major market participants. 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.
Technavio custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.
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