By 2017 the global beverage packaging market is projected to reach a value of $118.8 billion. Market growth is set to be driven by technological developments, strong growth from developing economies, and rising levels of disposable income.
In the future, issues
such as environmental conditions and changing consumer requirements will drive
product innovations, product development and sturdy growth.
Beverage packaging is
available in a variety of formats including plastic bottles, metal cans,
paperboard, cartons and pouches for use in a wide selection of beverages
ranging from carbonated soft drinks to beer and milk.
concerns are contributing to the development of new packaging formats and
materials that use fewer raw materials, function optimally and are easily
processed using eco-friendly production equipment. Green products are
biodegradable at land or on sea, and do not leave behind any harmful residue or
The European market,
driven by rising income levels and sustainable growth in rapidly growing
Eastern European countries, leads the beverage packaging market in terms of
dollar sales. Markets such as Russia, Czech Republic and Slovakia offer maximum
scope for growth opportunity and development.
Asia is one of the
regions with the highest growth potential within the beverage packaging market,
and is likely to drive global beverage consumption along with Latin America and
Eastern Europe. The Asian beverage packaging market is set to race ahead at a
healthy CAGR of 6.6% through to 2017.
Beverage packaging market to reach a value of $118.8 billion
July 19, 2012