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.
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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.
Plastic containers are also expected to witness solid growth from bottled water industries. In addition, demand for this segment is attributed to various benefits offered such as light weight, reseal ability, portability and shatter resistance. These factors have made plastic containers more appealing for on-the-go consumption. Growing maturity and environmental concerns related to the PET bottles market volume in landfills is anticipated to challenge the demand growth over the forecast period.
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.
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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.
This latest Beverage Container market research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across a number of regional markets. The report also analyzes the Beverage Container industry from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles.
Browse key industry insights spread across market data tables, figures & charts from the report “Beverage Container Market Size, Industry Outlook, Regional Analysis, Application Development, Competitive Landscape & Forecast, 2016 – 2023” in detail along with the table of contents:
Key Insights in this Report
- Beverage Container market size & forecast by product & application
- Growth drivers, pitfalls & industry challenges
- Key Beverage Container market growth opportunities & emerging business models
- Competitive benchmarking with market share analysis and company profiles
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