Beverage Packaging Market worth $131.1 Billion by 2019, According to a New Study on ASDReports

Wednesday 12 November 2014, Amsterdam

The new report now available on ASDReports, defines and segments the beverage packaging market with an analysis and projection of the market size in terms of value and volume. It also identifies the driving and restraining factors of beverage packaging with analyses of trends, opportunities, restraints, challenges, and burning issues. The market is segmented and its size is estimated and projected on the basis of key geographical regions, such as North America, Europe, Latin America, Asia-Pacific, and Rest of the World (RoW).

The beverage packaging market is driven by rising consumption of beverages in developing countries with increasing disposable income of the middle-class population. Current market trends are witnessing an up surge in the demands for beverages, thereby displaying a brighter opportunity for the beverage packaging industry. Key players adopted partnerships and agreements as the most preferred strategy to maintain a good and undisrupted supply chain with suppliers and distributors present worldwide. They also focused on acquiring local players of emerging markets to expand their business globally and sustain the competition prevailing in the market. New product launches also helped key players in strengthening their product portfolio.

The market for beverage packaging is projected to grow at a CAGR of 4.4% from 2014 to 2019. In 2013, the Asia-Pacific region was the largest beverage packaging market, wherein China dominated this market.

The report includes development strategies and product portfolio of the leading companies such as Saint-Gobain S.A. (France), Tetra Laval International S.A. (Switzerland), Stora Enso Oyj (Finland), Owens-Illinois, Inc. (U.S.), Crown Holdings, Inc. (U.S.), Rexam PLC (U.K.), and Ball Corporation (U.S.), Mondi PLC (U.K.), Amcor Limited (Australia), Reynolds Group Holdings Limited (New Zealand), and Alcoa Inc. (U.S.). These players constantly invest in R&D to introduce new packaging designs for a variety of beverages to gain a competitive edge over others in the market.