Leading Beverage Packaging Material Markets Databank
The Beverage Packaging market was valued at $135,216.2 Million in 2020, and is projected to reach $195,491.9 Million by 2029 growing at a CAGR of 4.23% from 2021 to 2029. Plastic segment is expected to be the highest contributor to this market, with $47,599.7 Million in 2020, and is anticipated to reach $61,323.4 Million by 2029, registering a CAGR of 2.90%. Metal segment is anticipated to reach $54,304.2 Million by 2029 with the highest CAGR of 5.55%. Plastic and Glass segments collectively expected to account for about 66.5% share of the Beverage Packaging market in 2020, with the former constituting around 35.2% share. Metal and Glass segments are expected to witness significant growth rates at a CAGR of 5.55% and 5.07% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 56.0% in the overall Beverage Packaging market in 2020, and is anticipated to reach 61.4% by 2029.
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