Beverage Packaging Market in Metal & Glass Containers Industry

The beverage packaging market is expected to grow by $ 75.01 bn during 2021-2025, according to the latest market research report by Technavio.

NEW YORK, July 1, 2021 /PRNewswire/ -- The metal and glass containers industry is expected to witness a mixed impact due to the spread of the COVID-19 pandemic. The market demand witnessed a slight dip in 2020. However, with decreasing number of cases as the ease of restrictions, the demand for beverages is on the rise. This will subsequently increase the demand for beverage packaging.

Technavio has announced its latest market research report titled Beverage Packaging Market by Material and Geography - Forecast and Analysis 2021-2025

Technavio has announced its latest market research report titled Beverage Packaging Market by Material and Geography - Forecast and Analysis 2021-2025

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Consumers across the world are increasingly becoming aware of waterborne diseases. Besides, the growing demand for clean drinking water is increasing the demand for packaged drinking water. To capitalize on this demand, vendors in the market are focusing on expanding their product offerings with innovative packaging. For instance, in June 2019, All Market launched a new eco-friendly aluminum bottled water brand Ever & Ever. Similarly, in October 2019, Nestlé Pure Life launched new 330ml bottles made from 100% recycled plastic for kids. All these factors are positively influencing the growth of the global beverage packaging market.

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As per Technavio, the growing adoption of pet packaging bottles in the alcoholic beverage industry will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2021-2025.

Beverage Packaging Market: Growing adoption of PET packaging bottles in the alcoholic beverage industry

The use of PET bottles for alcoholic beverages such as beer is gaining popularity in the eastern and central parts of Europe. For example, consumers in countries such as Romania found PET bottles to be more convenient and aesthetically appealing. Besides, the use of PET bottles helps reduce transportation emissions and reduce costs in the supply chain owing to the reduced weight. The ongoing trend of using PET bottles in the alcoholic beverage industry is expected to fuel the growth of the global beverage packaging market during the forecast period.

"The increasing demand for single-serve, multi-packs, and sustainable packaging will further boost market growth during the forecast period", says a senior analyst at Technavio.

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Beverage Packaging Market: Segmentation Analysis

This market research report segments the beverage packaging market by material (rigid plastics, glass, metal, and others) and geography (APAC, Europe, North America, South America, and MEA).

The APAC region led the beverage packaging market in 2020, followed by Europe, North America, South America, and MEA respectively. During the forecast period, APAC is expected to register the highest incremental growth due to factors such as the rising disposable income of the population and an increase in the average temperature.