The Beverage Packaging Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Beverage Packaging Market is estimated to be USD 113 billion in 2016 and predicted to rise to USD 139.41 billion by 2021 with a CAGR of 4.29%. The market is segmented by Type (Bottle, Can, Pouch, and Carton), by Material (Glass, Plastic, Metal, and Paperboard), by Application (Alcoholic, Non-Alcoholic, and Dairy). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
The market is driven by many factors including but not limited to prevalence of diseases, rising health concerns, growing purity requirements, etc. The factors which are hindering the market are the high cost of initial capital requirements, safety concerns, etc.
In the Beverage packaging market, Plastic packaging is growing at the highest pace. The beverage packaging market is growing due to the convenience the packaging offers and the developments made in the industry to provide an eco-friendly and cost effective way.
On the basis of geographical analysis, Asia Pacific accounts for the largest share of the market and is also the fastest growing geographical segment. Beverage packaging is showcasing evident potential in the emerging economies of the world whether be it China in Asia-Pacific or Brazil in Latin America. Asia pacific is followed by Europe and North America in terms of market share.
The beverage packaging has many different players from across the world. Some of the major companies in the market are Saint-Gobain S.A., Ball Corporation, Tetra Laval International S.A., Stora Enso Oyj, Rexam PLC, Owens-Illinois, Inc., Crown Holdings, Inc., Mondi PLC, Reynolds Group Holdings Limited, Amcor Limited, and Alcoa Inc.
Browse through the full report at “http://www.marketdataforecast.com/market-reports/global-beverage-packaging-market-2548/” and checkout our recent reports in the Processed category at “http://www.marketdataforecast.com/research-reports/food-and-beverages/processed-food-15/For more insights and up-to-date industry news don’t forget subscribing to our newsletters.