Increasing disposable income and growing beverage industry in emerging markets of Brazil, China and India are expected to be major factors driving beverage packaging market over the next six years. The beverage packaging market can be classified in terms of packaging type which includes bottles, cans, pouches and cartons. Although the demand for aluminum cans in soft beverages have been witnessing a decline, growing energy drinks consumption globally is expected to drive aluminum cans demand which in turn is expected to complement the market growth. Population growth in countries such as Indonesia, Brazil, India, the U.S. and other African nations is expected to drive the demand for beverages particularly soft beverages and diary beverages. Increasing awareness regarding nutrition and consumption of health promoting beverages is further expected to complement the beverage industry growth. These trends are expected to further drive the beverage packaging market.
Growing importance for extended shelf life packaging among beverage manufacturers to reduce storage costs is expected to further complement the global beverage packaging market. The market is expected to be challenged by stringent environmental norms associated with usage of plastics and its additives in packaging. Growing concerns regarding recyclability of disposed beverage containers has been driving the trend towards usage of sustainable materials in packaging. Increasing R&D by companies to develop packaging products using bio-based materials is expected to yield opportunities to market participants.
North American market is considered to be a relatively mature market with presence of large number of beverage packaging companies. The market in the region is challenged by quality of packaging machinery provided by suppliers. In order to overcome such supply chain constraints, beverage manufacturers have integrated to be involved in beverage packaging which might pose threats to beverage packaging companies. Beverage packaging market in Asia Pacific is expected to hold immense opportunities for market participants owing to rapidly increasing beverage consumption in the region. Large population based coupled with increasing income levels in countries such as China, India, Indonesia, Malaysia and Thailand are expected to drive beverage consumption in the region which in turn is expected to have a positive impact on beverage packaging market. Moreover, low cost of production and availability of skilled labor coupled with government incentives to promote manufacturing are expected to further augment the market growth in the region.
Some of the major companies operating in global beverage packaging market include Tetra Laval International, Stora Enzo Oyj, Ball Corporation, Rexam Plc, Crown Holdings Inc., Alcoa Inc., Reynolds Group Holdings Ltd., Owens-Illinois Inc., and Mondi Plc.
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