Because of its affordability, durability, and light weight, plastic is the material of choice for a wide range of beverages in the beverage packaging market. Because of its adaptability, packaging solutions can have creative shapes and designs that satisfy a range of consumer preferences and sustainability objectives. http://prsync.com/credible-markets/beverage-packaging-market-trends-industry-growth-and-forecast---4677554/

Consumer preferences, legal constraints, and improvements in packaging materials that address environmental issues as well as product differentiation efforts among beverage brands all have an impact on the industry. https://wemarketresearch.com/reports/beverage-packaging-market/604

The global food & beverage packaging market size is expected to showcase exponential growth by reaching USD 627.27 billion in 2027 while exhibiting a CAGR of 4.9% between 2020 and 2027. This growth is attributable to the increasing focus on providing efficient transportation services and the increasing adoption of advanced solutions in manufacturing of food & beverage packaging materials globally. Fortune Business Insights in its latest report, titled, “Food & Beverage Packaging Market Size, Share & Industry Analysis, By Material (Food Packaging Materials [Glass, Metal, Paper & Paperboard, Wood, and Plastics {Polypropylene, Polyethylene, PET}] and Beverage Packaging Materials [Plastic, Glass Metal]), By Type (Food Packaging [Rigid, Semi-Rigid, and Flexible] and Beverage Packaging [Can, Bottle & Jars, Pouch, Carton]), By Application and Regional Forecast, 2020-2027.”, observes that the market stood at USD 433.27 billion in 2019. Information Source https://www.fortunebusinessinsights.com/beverage-packaging-market-102112

The beverage packaging market was valued at USD 148.1 billion in 2021 and is projected to reach USD 189.0 billion by 2026, expanding at a growth rate of 5.0% during the forecast period. The market is segmented into packaging type, material type, and product type. By packaging type, the market has been segmented into bottle, can, carton, pouch, and other packaging types. The bottle segment is projected to dominate the type segment due to convenience offered in carrying and storing of the formats for beverages. The carton segment is projected to grow at the highest CAGR due to the increase in demand for sustainable and eco-friendly packaging. The key players making packaging formats for the beverage industry include Amcor Group GmbH (Switzerland), O-I Glass, Inc. (US), Crown Holdings, Inc. (US), Ardagh Group S.A. (Ireland), Verallia SA (France), Tetra Pak Group (Switzerland), Ball Corporation (US), Vidrala S.A. (Spain), Toyo Seikan Group Holdings, Ltd. (Japan), and CPMC Holdings Limited (China) among others. Download PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1222 The increase in the consumption of non-alcoholic and dairy beverages is projected to be some of the major drivers for the growth of the global beverage packaging market. There has been several innovations and development in the packaging designs and packaging technology over the last five years in the global beverage packaging market. The increase in demand for products made from biodegradable and renewable raw material presents lucrative opportunities for the players in the market. The rise in consumption in emerging economies is encouraging the growth of the market On the basis of material type, the market is classified into metal, plastic, glass, paper & paperboard, and others. Beverage containers can be rigid or flexible. Rigid containers include glass and plastic bottles, metal cans, wood boxes, and drums. They give physical protection to the product inside it. Flexible packaging includes a major group of material types, such as plastic films and papers. Beverage packaging manufacturers combine two or more packaging material types of different characteristics to develop a multi-featured packaging solution that is convenient, safe, cost-effective, and recyclable. Metal segment dominated the market with largest share. The resilience and recyclability offered by metals are the two major factors driving the growth of the market. Based on product type, the market is categorized as a non-alcoholic beverage, alcoholic beverage, and dairy beverage. The non-alcoholic beverage segment is dominated in the market. A non-alcoholic beverage usually acts as refreshment drinks for the majority of the population. Hence it captures a major market share in the overall beverage market. The non-alcoholic beverage market is flooded with a large number of strong brands of all product categories that make the market highly competitive. Therefore, in order to retain its customers and gain new customers, the players are coming up with a diversified range of products in beverages. The dairy beverage segment is projected to grow at the highest CAGR of during the review period. Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=1222 On the basis of the regional area, the market is segmented into North America, Europe, Asia Pacific, South America, and Rest of World (RoW). Due to the increase in population and rise in disposable income, Asia Pacific is projected to account for the largest share during the review period. Global players such as Ball Corporation (US) and Crown Holdings Inc (US) are entering the Asia Pacific market by developing new manufacturing plants in the region. Rapid industrialization and urbanization, increase in environmental concerns, rise in disposable income of growing middle class, and lower production of fresh food & beverage products are factors propelling the usage of processed food & beverage products, consequently fueling the demand for beverage packaging market in this sector.