Global Beverage Containers Market Growth 2023-2029

Global Beverage Containers Market Growth 2023-2029

Metal containers, the second leading beverage container type in unit terms due to widespread use in the sizable soft drink and beer markets, will register minimal growth as a result of declining soft drink and beer production. However, good prospects are expected in fast-growing beverages such as energy drinks and eight-ounce soft drink cans. Demand for aluminum bottles will increase rapidly from a low base due to their upscale appearance, which provides a key element of product differentiation. Glass container demand will expand modestly, helped by the entrenched position of bottles in wine packaging and robust gains in markets such as RTD tea and other nonalcoholic RTD beverages, where glass’ premium image continues to be a marketing advantage. Demographic trends, particularly above-average growth in the 55 and over population, an important wine cohort, will also aid glass container demand. Declining demand for paperboard containers will stem from continued supplantation of gabletop cartons by plastic bottles and aseptic cartons by pouches. However, healthy growth for soymilk, which utilizes a significant amount of paperboard containers, will boost demand. Additionally, bag-in-box wine containers will see robust gains based on their convenience and ongoing efforts to improve their image.

LPI (LP Information)' newest research report, the “Beverage Containers Industry Forecast” looks at past sales and reviews total world Beverage Containers sales in 2022, providing a comprehensive analysis by region and market sector of projected Beverage Containers sales for 2023 through 2029. With Beverage Containers sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Beverage Containers industry.

This Insight Report provides a comprehensive analysis of the global Beverage Containers landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Beverage Containers portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Beverage Containers market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Beverage Containers and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Beverage Containers.

The global Beverage Containers market size is projected to grow from US$ 51580 million in 2022 to US$ 63920 million in 2029; it is expected to grow at a CAGR of 63920 from 2023 to 2029.

Flourishing demand for alternatives to the carbonated drinks along with increasing consumer preferences for single serving containers is expected to drive beverage containers market growth over the forecast period. In addition, these containers also assist in minimizing post production damage which is further expected to fuel the industry demand. However, the industry is likely to gain its potential due to intense expansion of the energy and specialty drinks industry along with product innovations such as shaped and vented cans. In addition, inroads by cans in the craft beer market are estimated to support the beverage container market demand. Robust increase in demand for aluminium bottles can be subjected to the upscale appearance as well as product differentiation offered in beer industry. Asia Pacific beverage containers market size accumulated around 34% of the overall industry share in 2014. The surge in the industry is due to increasing demand for glass bottles from beer industry in the region over the forecast period.

This report presents a comprehensive overview, market shares, and growth opportunities of Beverage Containers market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Plastic
Metal
Glass
Paperboard

Segmentation by application
Carbonated Soft Drinks
Bottled Water
Milk
Fruit Beverages
Sports Beverages
Ready-To-Drink Tea
Enhanced Water
Beer
Wine

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Tetra Laval International
Stora Enso Oyj
Owens-Illinois
Crown Holdings
Mondi
Amcor Limited
Reynolds Group Holdings Limited

Key Questions Addressed in this Report

What is the 10-year outlook for the global Beverage Containers market?

What factors are driving Beverage Containers market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Beverage Containers market opportunities vary by end market size?

How does Beverage Containers break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.