The investment in the development of production capacity by beverage packaging suppliers is anticipated to have an overall beneficial effect on the market. Moreover, the advancement in packaging equipment and machinery is also anticipated to fuel the development of the market. Severe government regulations are expected to impede the development of the beverage packaging market in the coming years. The beverage packaging market share is estimated to develop at a CAGR of approximately 4 % by 2022.

Regional Analysis

As per the MRFR study, the beverage packaging market consists of regions such as Asia Pacific, North America, Europe and the Rest of the regions in the world. The region in North America is expected to control the beverage packaging market. The adoption of cutting-edge packaging technologies and consumer understanding as well as the increasing beer consumption, are a few of the factors motivating the development of the beverage packaging market in this region. This region is anticipated to develop at a decent pace throughout the forecast period.

Segmental Analysis

The global beverage packaging Market has been segmented on the basis of packaging type, products, and materials. Based on packaging type, the global beverage packaging market has been segmented into flexible, rigid, and semi-rigid. Based on products, the global beverage packaging market has been segmented into cans, bottles, pouch, and others. The bottles segment commanded the major share of the global beverage packaging market and is anticipated to expand at a significant growth rate during the assessment period. Based on materials, the global beverage packaging market has been segmented into metal, plastic, paper, and others. The plastic segment is projecting the fastest growth in the global beverage packaging market owing to the advantages of plastic bottles in increasing the shelf life of beverages.

Key Players

The beverage packaging companies operating in the global market are Ball Corporation, Saint-Gobain S.A., Mondi PLC, Owens-Illinois Inc., Reynolds Group Holdings Limited, Tetra Laval International S.A., Crown Holdings Inc., Rexam PLC, Amcor Limited, and Alcoa Inc.