As the Packaging Strategies ranking of the largest beverage packaging companies demonstrates, the big just keep getting bigger. Since its merger with SAB Miller in late 2016, Anheuser-Busch InBev has become the undisputed king of the beverage world, leading the list for the second year in a row with reported revenues of $56.44 billion, well above its 2016 revenues of $45.52 billion.
Based on beverage sales alone, the rest of the top four maintained the same order—The Coca-Cola Co ($35.41 billion), PepsiCo Inc. ($29.85 billion) and Nestlé SA ($29.11 billion)—while the Japanese spirits giant Suntory Holdings ($22.05 billion) edged Heineken ($21.88 billion) for the fifth spot. It should be noted that Nestlé and PepsiCo, whose sales also include substantial food product lines, have much larger total revenues. These rankings are based primarily on beverage sales, exclusive of food revenues where we were able to identify the differences.