Selbyville, Delaware, June 06, 2019 (GLOBE NEWSWIRE) --
The Beverage Container Market revenue is set to rise from USD 190 billion in 2018 to around USD 250 billion by 2025, according to a 2019 Global Market Insights, Inc. report. Strong demand for convenient & sustainable packaging solutions among consumers will drive beverage container market growth. Factors such as aroma retention, strength, heat insulation, sealing, and barrier against moisture will support product application scope. Increasing production of different package sizes with growing demand for bottled water, soft drinks, alcoholic beverages, ready-to-drink tea, and nondairy milk alternatives will fuel beverage container market size. Global beverage consumption is estimated over 950 billion liters in 2018 and is expected to witness notable growth over the forecast period.
Positive applications outlook for metal cans with increasing consumption of alcoholic and nonalcoholic beverages will create new opportunities for manufacturers. Increasing popularity of mini cans for carbonated soft drinks as well as sparkling beverages will help metal cans to maintain sizeable market share. Increasing necessity for extended product life and low manufacturing cost has prompted industry players focus on development of sustainable and durable packaging solutions.
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Favorable government regulations and guidelines pertaining to the re-use of containers will further provide positive business outlook for manufacturers. FDA has laid down several guidelines pertaining to the re-use of containers. For instance, manufacturer may re-use the container as a refillable if the manufacturer considers the product to be suitable for re-use. However, overuse of containers as refillable pose threat to consumer health, thus may hamper growth of beverage container market.
Plastic is anticipated to witness over 4% growth in terms of revenue up to 2025. Numerous advantages over conventional materials including improved safety, light weight, attractive and unique design will boost the segment growth. Beverage manufacturing companies are expected to prefer plastic over other packaging solutions, owing to their lower cost of production and ease of handling. However, increasing concern pertaining to environmental safety is anticipated to limit product usage in forecast timeframe.
Nonalcoholic beverage container market size is anticipated to hold over 50% revenue share by 2025. Increasing consumer preference for bottled water in the developed and developing regions owing to growing concern regarding contaminants in drinking water will support this segment growth. Surge in demand for functional beverages among young generation in order to supplement health is propelling the non-alcoholic beverage market.
Browse key industry insights spread across 350 pages with 710 market data tables & 12 charts & figures from the report, “Beverage Container Market Share & Forecast, 2019-2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/beverage-container-market
Asia Pacific beverage container market size will witness over 4% CAGR from 2019 to 2025. Key factors affecting the market include increasing awareness regarding healthy and nutritious beverages. Increasing consumption of alcoholic beverages in economies such as China, India, Japan, and South Korea are expected to support industry expansion. Growing concerns regarding the recyclability of disposed containers have been driving the trend for use of sustainable materials in beverage packaging. The continuously widening array of beverages in the industry are presenting new growth opportunities to market players operating in this region.
Amcor Limited, Ball Corporation, Rexam Inc., Owens-Illinois, Silgan Holdings, Toyo Seikan Group Holdings, Huber Packaging Group, CLARCOR, and Ardagh Group are among the major beverage container companies. The global beverage container market share is fragmented owing to the presence of medium, large regional and multinational players operating comprehensively. Collaborations, mergers & acquisitions, and portfolio expansion are among the key strategies to gain significant competitive share by the major industry players.
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About Global Market Insights
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.