Global Market Insights has a new study based report titled “ Beverage Container Market Size, Industry Outlook, Regional Analysis (U.S., Germany, UK, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Development, Competitive Landscape & Forecast, 2016 – 2023“.
Global beverage containers market size is anticipated to grow at a CAGR of over 3% from 2016 to 2023 and it is estimated to exceed USD 65 billion by 2023. Demand growth can be subjected to attributes offered by containers such as external environment protection, product support along with tampering resistance to beverages.
Flourishing demand for alternatives to the carbonated drinks along with increasing consumer preferences for single serving containers is expected to drive beverage containers market growth over the forecast period. In addition, these containers also assist in minimizing post production damage which is further expected to fuel the industry demand.
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The U.S. beverage containers market size is forecast to reach 300 million units by 2023 growing at CAGR of over 2% from 2016 to 2023. The region is likely to be valued over USD 30 billion by 2023. Plastic containers in the U.S. are expected to continue its dominance by being fastest as well as fastest growing segment.
The gains in the region can be dedicated to superior prospects offered by polyethylene terephthalate (PET) containers in the ready-to-drink (RTD) sports drinks, tea and other non-carbonated RTD beverages sectors. Europe is projected to accumulate 29% of the overall industry share in 2014 and it is expected to witness considerable growth over the forecast period.
1.Beverage Container Market size & forecast by product & application
2. Growth drivers, pitfalls & industry challenges
3. Key Beverage Container Market growth opportunities & emerging business
4. Competitive benchmarking with market share analysis and company profiles
Aggressive marketing campaigns accompanied by propagation of new product introductions are anticipated to positively impact the industry growth over the next few years. Furthermore, encouraging demographic trends such as dynamic gains in millennial and in the ageing population is estimated to augment the demand growth for beverages and associated containers.
The beverage container market can be segmented on the type of container such as plastic, paperboard, metal and glass. Plastic containers can be further segregated into bottles and pouches. Metal segment can be classified into aluminium and steel.
The Beverage Container Market Report Consists of,
- Methodology and Scope
- Executive Summary
- Beverage Container Market Industry Insights
3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2016 – 2023
3.3. Industry ecosystem analysis
3.4. Raw material insights
3.5. Technology insights
3.6. Regulatory framework
3.7. Industry dynamics
3.8. Key growth opportunities
3.9. Porter’s analysis
3.10. Company market share, 2015
3.11. PESTEL analysis
3.14. Regional price trends
Beverage Container Market Product Insights
Metal beverage containers segment is the second largest beverage container type in terms of units is expected to register less growth owing to descending soft drink production and meagre increases in beer production from 2016 to 2023.
However, the industry is likely to gain its potential due to intense expansion of the energy and specialty drinks industry along with product innovations such as shaped and vented cans. In addition, inroads by cans in the craft beer market are estimated to support the beverage container market demand. Robust increase in demand for aluminium bottles can be subjected to the upscale appearance as well as product differentiation offered in beer industry.
Beverage Container Market Application Insights
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Beverage Container Market Regional Insights
Asia Pacific beverage containers market size accumulated around 34% of the overall industry share in 2014. The surge in the industry is due to increasing demand for glass bottles from beer industry in the region over the forecast period. Advent of various alcoholic beverages is also expected to fuel the demand for glass bottles. In addition, glass bottles are preferred over plastic ones due to the chemical inertness offered by the glass bottles.
key industry participants occupying major beverage containers market share include Amcor Limited, Ampac Packaging LLC, Alcoa Incorporated, Anchor Glass Container Corporation, Ardagh Group SA, Anheuser-Busch, Ball Corporation, CCL Industries Incorporated, Berry Plastics Corporation, CKS Packaging Incorporated, Consolidated Container Company LLC, Coca-Cola Company Incorporated, Crown Holdings Incorporated, Empaque, Dean Foods Company, Evergreen Packaging, Gallo (E&J) Winery, Exal Group, Graham Packaging and Hindalco Industries Limited among others.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.