Beverage Container Market Future Challenges and Industry Growth Outlook 2025 Future Challenges and Industry Growth Outlook 2025
Category: #headlines  By Partha Ray  Date: 2019-08-06
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Beverage Container Market Future Challenges and Industry Growth Outlook 2025 Future Challenges and Industry Growth Outlook 2025

Growing consumption of products like soft drinks, bottled water, milk and alcohol will drive beverage container market. Beverage containers offer enhanced protection against external environmental factors and help in preserving a product’s flavor and aroma for a longer duration of time. Growing use of single-serve containers, rising disposable incomes and enhanced standards of living are augmenting the demand for small plastic and glass beverage containers across the globe.

Technological advancements and automation in the packaging industry have offered manufacturers lower production costs and reduced wastage, further helping promote productivity. In addition, growing consumption of hard and soft drinks has enhanced the production of beverage containers, fostering beverage container market size.

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The superior feel and look of aluminum also creates a great impression of product quality that is unmatched by other packaging materials. Increasing number of beverage companies adopting lighter aluminum cans for upcoming product segments will drive metal beverage container market outlook.

Aluminum enables designers and manufacturers to develop premium looking container segments which weigh less, are easier to handle and less expensive to ship. The material can easily be recycled without any quality degradation. With container products like beverage cans, bottles and more, aluminum offers an unmatched combination of high strength and corrosion resistance.

The alcohol packaging industry acts as a key end-user for glass beverage containers. Reports suggest that clear cullet, on the basis of revenue, will account for around 60% of the global recycled glass industry by 2025. Incidentally, recycled glass market size is estimated to surpass USD 4.4 billion by the end of the aforementioned period, claim reports from Global Market Insights, Inc.

Asia Pacific beverage containers market will register substantial growth between 2019 and 2025. India has a massive market for beverages and packed fruit juices, water and dairy products. Alcoholic products like beer and liquors also contribute towards growth of the regional market share.

Presence of national and international brands in the country has propelled beverage container industry over the past decade. Among all the leading brands, Coca-Cola has accounted for a major beverage container market share as it occupies around 60% of the carbonated drink sector in the Indian beverage industry. Meanwhile, Nestle India Ltd. has accounted for 61.85% of total Nestle S.A. Switzerland business.

Due to rapidly growing population and low recorded rainfalls, the demand for packaged drinking water has been also propelled significantly in the past couple of years. In fact, the Asian Development Bank has forecast that by 2030, India will have a water deficit of 50%.

In 2019, locals in Chennai had to rely completely on packaged drinking water as the Porur Lake in town dried up. With soaring water scarcity, India’s packaged drinking water market will procure significant demand, fostering beverage container market size in the region.

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The beverage container market is driven by growing demand for packaged drinks across the globe. Rapid technological advancement in the packaging industry and efforts to curb plastic use has fostered the use of glass and metal containers. Reliable reports estimate beverage containers market to exceed USD 250 billion by 2025.

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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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