Global beverage packaging market to be worth $105.24bn

Wednesday 2 April 2014, Amsterdam

Visiongain’s analysis indicates that the global beverage packaging market will reach a value of $105.24bn in 2014. The beverage packaging market is forecast to record continuous growth over the next decade as the global demand for food and beverages increase with population increases. Also new opportunities for the beverage packaging industry emerge through innovation and design, and the finding of new uses plus an increasing global middle class population.

The author of the Beverage Packaging Market Forecast 2014-2024: Future Prospects for Leading Companies report commented that ‘The beverage packaging market is set to grow in the next 10 years at a fairly consistent rate, the market will be driven by evolving consumer and demographic trends as well as fast economic growth in the developing markets across the globe, particularly in Asia and South America. One of the key trends will be the rising population, this simply means that the demand for food and beverages will be higher in the next 10 years and thus the demand for beverage packaging will also be higher. The location of this population will also have a major impact on the beverage packaging market in the future. Urbanisation globally is ever increasing and in particular it is accelerating in emerging economies such as India and China. This means that more convenience products will be demanded as these consumers are more time constrained. Therefore, the demand for packaged goods will increase and this will mean beverages too. Further to this, with the development and growth of these emerging economies there will be more middle class consumers with higher disposable incomes and the demand for premium beverages will also increase and thus once again the demand for beverage packaging will increase.’

The 138 page report contains 109 tables, charts and graphs that add visual analysis in order to explain developing trends within the global beverage packaging market. The new report provides forecasts for the period 2014-2024 in terms of value (US$) for the global beverage packaging market, as well as for 6 submarkets by material type (metal, glass, paperboard, rigid plastic, flexible plastic, and other) of the beverage packaging market. In addition, 14 leading national beverage packaging markets, and the rest of the world are forecast and analysed over the period 2014-2024. The report provides profiles of 20 leading companies operating within the beverage packaging market, and includes an interview with Tetra Pak, providing expert insight alongside analysis.

The Beverage Packaging Market Forecast 2014-2024: Future Prospects for Leading Companies report will be of value to current and future potential investors into the beverages packaging market, as well as companies and research centres who wish to broaden their knowledge of the beverage packaging market.