The global beverage packaging market size is expected to reach USD 173.26 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 4.5% during the forecast period. Increasing consumption of beverages coupled with surging demand for convenient and sustainable packaging solutions is estimated to propel the market.
The global beverage packaging market is witnessing a huge demand from alcoholic as well as non-alcoholic beverage segments in emerging economies. The overall market is also observing growth on account of soaring demand for functional drinks. Rapid urbanization and widening base of middle-class population in developing economies are resulting in lifestyles changes, including rise in the demand for beverages.
Bottle & jars were the largest product segment in 2016. However, carton is anticipated to witness the most promising growth over the forecast period owing to burgeoning adoption of active packaging. It helps in extending shelf life of products by utilizing several systems such as moisture absorbers, oxygen scavengers, antioxidants, and antimicrobial agents. It can also facilitate easier processing as well as consumption of the beverage.
Bottle & jars are typically made up of glass and plastic. The demand for plastic bottles is directly supplemented by rising consumption of bottled drinking water and carbonated soft drinks. High-density polyethylene (HDPE) and polyethylene terephthalate (PET) are among the major grades of plastics utilized to manufacture plastic bottles. Phenomenal growth in the single-serve water packaging segment is likely to push the demand for plastic bottles during the forecast period.
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Further Key Findings from the Report Suggest:
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Grand View Research has segmented the global beverage packaging market on the basis of product, material, application, and region:
Beverage Packaging Product Outlook (Volume, Billion Liters; Revenue, USD Million, 2014 – 2025)
Beverage Packaging Material Outlook (Volume, Billion Liters; Revenue, USD Million, 2014 – 2025)
Beverage Packaging Application Outlook (Volume, Billion Liters; Revenue, USD Million, 2014 – 2025)
Beverage Packaging Regional Outlook (Volume, Billion Liters; Revenue, USD Million, 2014 – 2025)
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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