Beverage Packaging Market worth $125.7 Billion By 2018 According to a new market research report, “Beverage Packaging Market By Beverage Types (Non-Alcoholic, Alcoholic & Dairy), Packaging Types (Bottle, Can, Pouch, Carton, Draught, Bulk & Others), Material (Glass, Plastic, PET, HDPE, Metal, Paper-Board & Others) - Global Trends & Forecast To 2018”, the beverage packaging market will grow from an estimated $97.2 billion in 2012 to $125.7 billion by 2018, at a CAGR of 4.3% from 2013 to 2018. Asia-Pacific led the global market, followed by Europe and North America in terms of revenue in 2012. Browse
129 Market Data Tables
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The beverage market is a mature sector and includes players that manufacture alcoholic, nonalcoholic, and dairy beverages. As opportunities to grow in the beverage market is saturating, players are struggling to diversify their product portfolio. Beverage and beverage packaging are two interdependent markets. Any alteration in one may have a direct impact on the other. For instance, both the markets show somewhat similar growing patterns. The CAGRs of both these markets are about 4.5%. Growing consumption of alcoholic and non-alcoholic beverages provide a strong customer base for the global beverage packaging market. Right packaging types is essential to preserve beverage taste and prevent untoward chemical reactions endangering the consumer’s health. Hence, an efficient and suitable packaging is imperative for every beverage. Bottle: Major type of beverage packaging; Can & Carton packages are bound to grow in the non-alcoholic beverage packaging market. In the global beverage packaging market, the major types are bottle, can, pouch and cartons, in which beverages are served. Consumer preferences, product characteristics, and material compatibility are essential to determine the type of packaging for a beverage. The alcohol segment, although dominated by bottles and cans, are bound to grow in the case of alternative materials for bottling. Similarly, non-alcoholic beverage packages are witnessing a gradual increase in preference for cartons and cans. On the other hand, dairy beverages are mostly