Global Beer Packaging Market By Overview
Beer is usually prepared using four basic ingredients- malted cereal grains, water, hops, and yeast, and undergoes the process of fermentation over a certain period of time. Changing consumer preferences and increasing affordability of beer globally is the major factor driving growth of the global beer packaging market. For instance, according to Beer Institute Annual Report in 2018, the U.S. beer industry sells more than US $119.3 billion in beer and malt-based beverages to U.S. consumers each year. In addition, demand for various sizes of beer and its advantages, like one-time consumption, have made beer a desired option for a wide range of consumers, thereby, boosting growth of the target market. With the growing consumption of craft beer across various regions, the beer packaging market is also witnessing a significant growth. However, consumer preference for wine may act as a challenge to the global market growth. Nevertheless, few manufacturers are acquiring various small and medium scale businesses in order to develop their market presence across various regions worldwide. For instance, in April 2018, Signode Industrial Group Holdings (Bermuda) Ltd., was acquired by Crown Holdings Inc. The acquisition permitted the Crown Holdings to spot its presence in beer packaging market of the U.S. along with a major production capacity improvement.
Global Beer Packaging Market By Segmentations & Regional Insights
The global beer packaging market is segmented based on packaging material, packaging type, and region.
On the basis of packaging material, the global beer packaging market is segmented into glass, metal, and PET. The glass packaging material is expected to dominate the global market over the forecast period. This is mainly attributed due to wide advantages, like reusability and the ability to keep beer fresh for a longer period of time as compared to other alternative packaging materials. Based on packaging type, the global market is classified into bottle, keg, and can.
Based on region the global beer packaging market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In 2016, Asia Pacific was the leading revenue contributor for the beer packaging market. Beverage bottles and cans made up of PET are undergoing remarkable demand in the region. This is mainly attributed due to low costs and booming end user industries such as RTD tea and coffee, bottled water, and juices. North America is expected to account for a highest CAGR over the forecast period. Robust manufacturing base of global producers such as PepsiCo Inc.; Tyson Foods Inc.; Nestle; Kraft Heinz Co.; Coca Cola Company; Anheuser-Busch InBev; and JBS USA in the U.S. is projected to drive demand for plastic packaging. In addition, rapid expansion of the beverage industry in North America on account of ‘on-the-go’ lifestyle of consumers is likely to propel the growth of the regional market over the forecast period.
Global Beer Packaging Market, By Packaging Material:
- Glass
- Metal
- PET
Global Beer Packaging Market, By Packaging Type:
- Bottle
- Keg
- Can
Global Beer Packaging Market, By Region:
- North America
- Middle East & Africa
- Middle East & Africa Beer Packaging Market, By Packaging Material
- Middle East & Africa Beer Packaging Market, By Packaging Type
- Middle East & Africa Beer Packaging Market, By Country
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Latin America Beer Packaging Market, By Packaging Material
- Latin America Beer Packaging Market, By Packaging Type
- Latin America Beer Packaging Market, By Country
- Brazil
- Mexico
- Rest of Latin America
- Asia Pacific
- Asia Pacific Beer Packaging Market, By Packaging Material
- Asia Pacific Beer Packaging Market, By Packaging Type
- Asia Pacific Beer Packaging Market, By Country
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Europe
- Europe Beer Packaging Market, By Packaging Material
- Europe Beer Packaging Market, By Packaging Type
- Europe Beer Packaging Market, By Country
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- North America Beer Packaging Market, By Packaging Material
- North America Beer Packaging Market, By Packaging Type
- North America Beer Packaging Market, By Country
- U.S.
- Canada
- Middle East & Africa
Global Beer Packaging Market By Competitive Landscape & Key Players
The key players operating the global beer packaging market involves Amcor Limited, Ardagh Group SA, Ball Corporation, Crown Holdings Incorporated, Tetra Laval International SA, Westrock Company, Carlsberg Group, Plastipak Holdings Inc., Allied Glass Containers Limited, Nampack Ltd., and Smurfit Kappa Group PLC. Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market. For instance, in September 2018, Carlsberg Group has launched its new Snap Pack, which is aim to reduce plastic waste worldwide by more than 1,200 metric ton a year, that is equivalent to 60 million plastic bags. The Snap Pack changes the plastic wrapping used around Carlsberg’s six packs with a pioneering technology that sticks its cans together.
Global Beer Packaging Market By Company Profile
- Amcor Limited *
- Ardagh Group SA
- Ball Corporation
- Crown Holdings Incorporated
- Tetra Laval International SA
- Westrock Company
- Carlsberg Group
- Plastipak Holdings, Inc.
- Allied Glass Containers Limited
- Nampack Ltd.
- Smurfit Kappa Group PLC.
FAQs
The global beer packaging market is segmented based on packaging material, packaging type, and region.
Increasing consumption of the beer among the population
Asia Pacific was the leading revenue contributor for the beer packaging market. Beverage bottles and cans made up of PET are undergoing remarkable demand in the region.
Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market. For instance, in September 2018, Carlsberg Group has launched its new Snap Pack, which is aim to reduce plastic waste worldwide by more than 1,200 metric ton a year, that is equivalent to 60 million plastic bags.