According to a new research report by GMI, Beverage containers market will surpass 250 billion-dollar mark in 2025 with Europe to gain more than 20% share of global market. This is owing to increasing research and development activities held by major players. Flexible drink containers offer several sustainable features including less material use and reduced landfill wastes. Lightweight and malleable properties of these flexible beverage containers will further influence the demand from several drinks manufacturing companies over the projected timeframe.

Rise in consumption of healthier drinks such as nondairy milk alternatives, fruit juices and energy drinks will drive beverage containers market growth. Proliferation of different package sizes and new product introductions by manufacturers with increasing competition will propel the product demand. Factors such as product shelf life, attractively designed & labeled packaging for dairy and juices will provide positive outlook for beverage container market.

Growing consumption of alcoholic drinks globally is also expected to fuel the beverage containers market growth. Changing consumer preference and increasing penetration of premium brands will support the industry expansion. Manufacturers are expected to adopt sustainable packaging solutions to offer their products with improved taste along with high nutrition integrity.

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Glass is anticipated to witness 4% growth in terms of revenue up to 2025. Customers continue to see glass as an ecofriendly package that is ocean friendly and chemically inert. Glass containers need no chemical liners and plastic and are alleged as best for taste and for creating premium and special experiences. In 2018, U.S. glass container industry nearly shipped around 27 billion units. Also, brands are seeking to push for envelope that offers incorporation of textured paper labels, shrink sleeves, textured ink, and molded closures which will further fuel this segment growth over the forecasted timeframe.

Non-alcoholic beverages segment is anticipated to witness fastest growth up to 2025. Shifting demographic trends and increase in disposable income will support millennial spending on high-end drinks. Rising non-alcoholic drinks consumption owing to growing health awareness and changing lifestyle fueling product sales. Strong demand for low liquor drink such as craft beer with variety of flavors are expected to boost the business expansion. Increasing number consumers common health issues including obesity and diabetes will surge the demand for drinks with low-sugar, low-salt and less calories.

Asia Pacific beverage containers market accounted for over 40% share in 2018. Presence of key industry players and highly competitive environment will support the industry development. The key players in the market are making significant investments in certain technological & innovative advancements for strengthening their foothold in the overall beverage container market across the region. Drinks manufacturers are expected to launch organic, functional and clean label products to meet growing health conscious millennials demands.

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Beverage containers market is fragmented in nature owing to the presence of several large, medium, regional and multinational players operating comprehensively. Major companies present in the industry include Toyo Seikan Group Holdings, Rexam Inc., Amcor Limited, Ball Corporation, Owens-Illinois, Silgan Holdings, Huber Packaging Group, CLARCOR, and Ardagh Group. Other prominent players include Liqui-Box Corporation, Ampac Packaging LLC, Crown Holdings Incorporated, Berry Plastics Corporation, and Tetra Pak International S.A. Portfolio expansion, joint ventures, mergers & acquisition are key strategies that are adopted by the major industry participants.

Beverage Containers Market, By Material
Plastic
Metal
Glass
Paperboard

Beverage Containers Market, By Container Type
Bottles & Jars
Cartons
Cans
Bag-In-Boxes
Pouches
Others

Beverage Containers Market, By Application
Alcoholic Beverages
Beer
Wine
Spirits
Non-Alcoholic Beverages
Carbonated Soft Drinks
Bottled Water
Dairy
Juices
Sports Drinks
Enhanced Water
Others

The above information is provided on a regional and country basis for the following:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa