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Global Beverage Packaging Market Estimated to Grow at 4.3% CAGR to Reach $125.7 Billion by 2018

According to a new market research report, "Beverage Packaging Market by Beverage Types (Non-Alcoholic, Alcoholic & Dairy), Packaging Types (Bottle, Can, Pouch, Carton, Draught, Bulk & Others), Material (Glass, Plastic, PET, HDPE, Metal, Paper-Board & Others) - Global Trends & Forecast To 2018", the Beverage Packaging Market will grow from an estimated $97.2 billion in 2012 to $125.7 billion by 2018, at a CAGR of 4.3% from 2013 to 2018. Asia-Pacific led the global market, followed by Europe and North America in terms of revenue in 2012.

Browse 129 Market Data Tablesand 55 Figures spread through 344 Pages and in-depth TOC on "Beverage Packaging Market By Beverage Types (Non-Alcoholic, Alcoholic & Dairy), Packaging Types (Bottle, Can, Pouch, Carton, Draught, Bulk & Others), Material (Glass, Plastic, PET, HDPE, Metal, Paper-Board & Others) - Global Trends & Forecast To 2018".

http://www.marketsandmarkets.com/Market-Reports/beverage-packaging-market-1222.html

Early buyers will receive 10% customization on this report.

The Beverage Market is a mature sector and includes players that manufacture alcoholic, non-alcoholic, and dairy beverages. As opportunities to grow in the Beverage Market is saturating, players are struggling to diversify their product portfolio. Beverage and beverage packaging are two interdependent markets. Any alteration in one may have a direct impact on the other. For instance, both the markets show somewhat similar growing patterns. The CAGRs of both these markets are about 4.5%. Growing consumption of alcoholic and non-alcoholic beverages provide a strong customer base for the global Beverage Packaging Market. Right packaging types is essential to preserve beverage taste and prevent untoward chemical reactions endangering the consumer's health. Hence, an efficient and suitable packaging is imperative for every beverage.

Bottle: Major Type of Beverage Packaging; Can & Carton packages are bound to grow in the non-alcoholic Beverage Packaging market

In the global Beverage Packaging Market, the major types are bottle, can, pouch and cartons, in which beverages are served. Consumer preferences, product characteristics, and material compatibility are essential to determine the type of packaging for a beverage. The alcohol segment, although dominated by bottles and cans, are bound to grow in the case of alternative materials for bottling. Similarly, non-alcoholic beverage packages are witnessing a gradual increase in preference for cartons and cans. On the other hand, dairy beverages are mostly served in pouches; however, flavored and drinkable yoghurt creates a demand for other forms of packages.

Asia-Pacific: Major Market Share Holder and Driver

Asia-Pacific has the highest market share and is witnessed to be the fastest growing market the period under review. Europe's is growth is driven mainly by the East European markets. ROW is also expecting to experience growth in the Beverage Packaging Market in future. . The three most potential nations for beverage packaging i.e., India, China, and Brazil are a part of Asia-Pacific and ROW; hence both the regions are set to experience growth.

Alcoholic Beverages: Biggest Market by Applications; Dairy Beverage Packaging shows a promising growth

In the market, dairy beverage packaging is the fastest growing market, growing health concerns and knowledge about the nutrition value drives the dairy products. Following it, non-alcoholic packaging is estimated to be the second fastest growing market in 2013, due to a rise in the consumption of non-alcoholic beverages. Alcoholic packaging has the highest share, but the market has reached a maturity level and has a low growth rate as compared to the other two (non-alcoholic and dairy) segments.

The report also touches on various other important aspects of the market. It includes Porter's analysis, the competitive landscape, and the patent analysis. In addition, 19 key players of this market have also been profiled.

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Source: http://www.marketsandmarkets.com/

Comments

  1. Supriya Singh Supriya Singh India says:

    According to a forecast the global market for Biodegradable polymers will reach 1845 million lbs by year 2015. Bioplastics are the new way to go for flexible packaging companies all over the world. The growth of these polymers has occurred due to the fast depletion of natural resources like fossil fuel leading to the shift towards renewable sources. Also protests against environmental pollution caused by plastics, emission of green house gases, escalating cost of petroleum etc have made the flexible packaging companies to adopt the bioplastics.

The opinions expressed here are the views of the writer and do not necessarily reflect the views and opinions of AZoM.com.

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