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Showing posts with the label Beverage Packaging Industry

Beverage Packaging Market - Global Industry Analysis and Forecast | 2025

Increasing consumption of beverages coupled with surging demand for convenient and sustainable packaging solutions is estimated to propel the market. The Global Beverage Packaging Market size is expected to reach USD 173.26 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 4.5% during the forecast period. The global beverage packaging market is witnessing a huge demand from alcoholic as well as non-alcoholic beverage segments in emerging economies. The overall market is also observing growth on account of soaring demand for functional drinks. Rapid urbanization and widening base of middle-class population in developing economies are resulting in lifestyles changes, including rise in the demand for beverages. Bottle & jars were the largest product segment in 2016. However, carton is anticipated to witness the most promising growth over the forecast period owing to burgeoning adoption of active packaging. It helps in exte...