Beverage Packaging Market Share, Size 2023 Global Comprehensive Research Study, Competitive Landscape and Growth by Forecast 2032 | Prominent Players: Sonoco Products Company, Amcor Ltd., Alcoa Corporation

2023-03-23 15:11:43 By : Mr. Kendy Li

The Global Beverage Packaging Market 2032 Industry Report is a professional and in-depth study on the current state of the Beverage Packaging Market by QMI. The Beverage Packaging Market is supposed to demonstrate a considerable growth during the forecast period of 2023-2032. The company profiles of all the key players and brands that are dominating the market have been given in this report. Their moves like product launches, joint ventures, mergers and acquisitions and the respective effect on the sales, import, export, revenue and CAGR values have been studied completely in the report.

The rapidly expanding beverage industry includes beverage packaging in large measure. Beverage packaging is a complicated process that calls for various materials and containers depending on whether the beverage is alcoholic or not. A beverage package that is properly designed and used increases the shelf life of the beverage, is practical for users, and reduces material costs associated with waste. Glass, polymers, metals, paperboards, and their mixtures are also used as packaging materials for beverages. According to the beverage’s intended use, chemical makeup, and shelf life as well as the value of the beverage that will be packaged, different materials are employed.

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Impact Factors of Beverage Packaging Market:

• The demand for more effective and practical packaging technologies is fueled by the improvement in people’s quality of life and the rise in per capita incomes, particularly in developing economies. • The market for beverage packaging is driven by the convenience factor in the beverage packaging industry, which enables less wastage during dispensing, resealability, portability, and light weight of the container.

Recent Developments of Beverage Packaging Market:

• Scholle IPN, a flexible packaging company, was acquired by Swiss aseptic packaging supplier SIG in June 2022. In February of this year, SIG and Scholle IPN agreed to merge for an enterprise value of USD 1.53 billion and an equity value of USD 1.2 billion. With its corporate office in Northlake, Illinois, Scholle IPN provides eco-friendly packaging systems and solutions for the retail, institutional, industrial, food, and beverage industries. • Ardagh Group S.A. and Bragg Live Food Products joined forces in March 2021 to launch a new 16-ounce glass bottle for their selection of apple cider vinegar beverages. • A strategic partnership between INEOS and Laactel was established in May 2021 to create the first HDPE milk bottle made from post-consumer recycled materials. Both businesses are working together to introduce recyclable PET bottles for UHT milk packaging and to support the circular economy of plastic. • May 2021 saw the collaboration of Stora Enso and Pulpex to create fiber-based bottles and containers made from wood pulp. Paper bottles for alcoholic, non-alcoholic, and liquid food applications are being developed by Pulpex with the help of Stora Enso’s expertise in formed fibre material. • Graphic Packaging introduced a recyclable beverage packaging option for the Cap-it brand in March 2021. The packaging, which is made of paperboard, provides an alternative to conventional shrink films. The product is experienced with glass bottles, PET bottles, and cans in multipacks. • December 2020 – Nutrea’s rupro protein juice will now be delivered in a hot-fill (PET) bottle thanks to a new partnership between Amcor Group GmbH and Nutrea. The new orange juice from Nutrea/Frudelca was offered in 300ml and 440ml sizes in recyclable bottles. Amcor was seen as a crucial co-worker in supplying a cutting-edge packaging solution that satisfied the performance specifications of this new functional venture. • Amcor Group GmbH and Nutrea teamed up to offer their rupro protein juice in a freshly created hot-fill Polyethylene Terephthalate (PET) bottle in December 2020. • Vetropack Holding Ltd completed the acquisition of Moldovan Glassworks in December 2020. This would aid the business in enhancing its position in the European market.

Segmentations Covered in the Report:

Detailed segmentation by area (country), business, type, and application are included in the Beverage Packaging market research analysis. The research offers comprehensive details on new products, regional investments, and market investments. The Beverage Packaging market research report also monitors emerging technologies and trends. The most recent market dynamics, including motivating and inhibiting factors, as well as business news like mergers and acquisitions and investments, are also included in the study. This analysis of current market trends from 2023 to 2032 is provided for each of the sub-segments.

By Product Type (Can, Pouch, Carton, Bottle & Jars And Others),

By Application (Alcoholic And Non-Alcoholic Beverages)

The Key Players in this Market are: Sonoco Products Company, Amcor Ltd., Alcoa Corporation, Mondi PLC., Bemis Company, Inc., Reynolds Group, Tetra Laval International, Crown Holdings, Ball Corporation, etc.

What this Report Provides? ➥GTM strategy ➥Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer) ➥Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, QMI quadrant, and other significant analysis, as well as development status ➥Recent market developments and it’s futuristic growth opportunities ➥Customized regional/country reports as per request

North America (The US, Canada, and Mexico)

Asia-Pacific (Japan, China, India, South Korea, Indonesia, Australia, Rest of Asia Pacific)

Europe (Germany, UK, Italy, Russia, Spain, The Netherlands, France, Rest of Europe)

South America (Brazil, Argentina, Columbia, Rest of South America)

Middle East & Africa (United Arab Emirates, Saudi Arabia, South Africa, Rest of Middle East & Africa)

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Reasons for Buying Beverage Packaging Market Report:

– This report gives a forward-looking prospect of various factors driving or restraining market growth.

– It renders an in-depth analysis for changing competitive dynamics.

– It presents a detailed analysis of changing competition dynamics and puts you ahead of competitors.

– It gives a ten-year forecast evaluated on the basis of how the market is predicted to grow.

– It assists in making informed business decisions by performing a pin-point analysis of market segments and by having complete insights of the Beverage Packaging Market.

– This report helps the readers understand key product segments and their future.

– From 2015 to 2023, All Recent Developments have been covered in this Report.

The Research study can answer the following Key questions:

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