Increasing demand for smaller pack sizes to push the demand for beverage cans
Developed economies are experiencing an increase in the use of packaged beverages, owing to the availability of extra disposable income with people in developed countries. Market analysis shows that an increase in the demand for small pack sizes has triggered the growth of beverage cans in these regions. Consumers have prioritized their expenditure. Therefore, there has been an increasing demand for smaller packs, which creates opportunities for growth in demand for beverage cans. In addition, the increasing trend of on-the-go food consumption is expected to present potential opportunities for growth of the glass and metal beverage packaging market. Moreover, the choice of beverage packaging products is predominantly driven by aspects such as convenience and sustainability of packaging solutions, prices of raw materials and aesthetic appeal of packaging.
According to the market forecasts, the liquid cartons segment is expected to dominate the market with its market size of over US$ 45,000 Mn by the end of 2027, growing at a value CAGR of 4.6% during the forecast period.
Plastic bottle consumption to witness an all-time high in the foreseeable future
PET bottles’ demand is at an all-time high, following increased rate of consumption by consumers in many countries. For instance, American consumers have been breaking records in terms of bottled water consumption. Similarly, in Japan, bottled water consumption witness high growth rate during the 2011 natural disaster case, when government channels advised against consuming anything other than bottled water. The bottled water market is also supported by an increase in consumer awareness regarding the health effects associated with the consumption of carbonated drinks. A significant number of U.S. consumers prefer premium bottled water, and are willing to pay more for the same instead of spending on other beverages. Plastic bottles market is expected to reach a market value of over US$ 34,000 Mn by the end of 2027, growing at a CAGR of 4.4% during the forecast period.
Decreasing consumption of alcoholic beverages could affect the glass bottle market
The consumption of alcohol has decreased in various regions. Japan has a shrinking young population and aged consumers that account for more than 1/4th of the Japanese population. This has resulted in declining sales of soft drinks in the country. The amount of beer consumed by Germans has also dropped by more than 30%. Due to the reduced growth rate of consumption of alcoholic drinks as opposed to that of non-alcoholic drinks, the glass bottle segment is poised to witness a decline in market value share, during the next ten years. Moreover, the global beverage packaging market is also expected to witness a negative impact by high raw material prices and increasing government regulations regarding recyclable packaging solutions, reducing carbon footprint, and ensuring proper coding for optimum traceability, among others in the packaging industry. Due to increasing wastes, Chinese government introduced the excessive packaging regulations, in 2010, which covered beverage packaging, cosmetic packaging, and certain food & confectionary packaging. The Indian state of Maharashtra recently banned the use of packaged water bottles in government offices. The same is soon planned to be imposed on restaurants in the state.
Why should you invest in this research study?
A new report that throws light on the global beverage packaging market with a detailed historical performance study for the period 2012 to 2016 and a comprehensive revenue forecast for the period 2017 to 2027 has just been published by Future Market Insights. The report is a studied take on the global market for beverage packaging market and presents detailed revenue forecasts for the global as well as regional markets. There are several reasons why a calculated investment in this report will garner a noteworthy ROI for your business. These reasons are mentioned below.
Future Market Insights expert analysis and recommendations
One of the key highlights of the report is our detailed analysis and recommendations on the global beverage packaging market. After studying the market extensively, our analysts have provided useful insights on the overall market approach; the product type, end user, and region to be targeted; and differentiating strategies of key market players to enable new entrants as well as existing market players to study and devise counter strategies to gain a competitive edge in the global beverage packaging market.
A robust report methodology that’s the hallmark of the Future Market Insights research process
Extensive market profiling using secondary research to analyse the required data points and arrive at the overall market numbers
Developing a list of respondents for primary research and designing a questionnaire to gather the relevant primary market data
Data collection using essential resources – primary sources (LinkedIn, Zoominfo, Salesforce, Avention, Research Gate) and secondary sources (company websites, company annual reports, white papers, financial reports, and paid publications such as Factiva, GBI, Genios, Meltwater, Morningstar, BVD)
Data validation using the triangulation method
Data analysis using advanced tools
Qualitative and quantitative insights on the global market provided to clients in the preferred format
A seamless report structure that breaks silos and provides an overarching view of the global market
A structured breakdown of the global beverage packaging market will help you understand how our analysts have studied the key market segments across the assessed regions
A good introduction to the market followed by an executive summary presenting a snapshot of the entire market including our analysis and recommendations will enable you to plan your investments in the beverage packaging market wisely
A global market view point with useful insights on the macroeconomic factors influencing revenue growth, an opportunity analysis of the global market, as well as details pertaining to the key regulations and the reimbursement scenario prevalent in the beverage packaging market will give you in-depth information on the global market dynamics
Individual chapters focussing on the global market forecast, segmental forecasts, and regional forecasts along with pertinent insights on the same will facilitate informed decision making
Pricing analysis and information on key market factors (drivers, restraints, trends) for each of the assessed regions will help you effectively plan your market entry strategies
Market attractiveness analysis by country and details of key representative market players will provide a guideline on the market’s performance in individual countries
A dedicated chapter on the competitive landscape of the global beverage packaging market featuring a key player dashboard and company profiles (with company overview, key financials, business strategies, and recent market developments) will help you study your immediate competition in the global beverage packaging market
Useful metrics such as CAGR, Y-o-Y growth, absolute $ opportunity, incremental $ opportunity, and basis point share will substantiate our research findings and provide quantitative insights on the beverage packaging market
A detailed segmentation of the global market for better understanding
By Material Type
By Product Type