The report examines the food and beverage consumer packaging market in various regions, such as America, Africa, the Middle East, South and Central America. It provides an analysis of the market share held by major players in this sector. Furthermore, it presents a forecast of future potential for the global food and beverage consumer packaging market by estimating revenue for the next five years. In 2013, the worldwide consumer packaging market was valued at USED million and has experienced significant growth due to increasing global demand for Polyethylene Ethereally (PET) bottles.
The consumer packaging market in the BRICK countries (Brazil, Russia, India, China, and South Africa) has seen growth driven by infrastructure development. Additionally, higher personal disposable income has resulted in increased spending on fast moving consumer goods (FMC). Between 2008 and 2013, there was an increase in the utilization of packaging materials including paper, glass, rigid plastics, and flexible plastics. As a result, the global consumer packaging market’s revenue has exhibited a compounded annual growth rate (CAGR) of 2.1% during this period.
The global food consumer packaging market has grown at a rate of 2.5% per year between 2008 and 2013, reaching a revenue of USED – million in 2013 compared to USED ? million in 2008. This growth is attributed to fierce competition among food packaging companies and the adoption of new business models by Tetra Lava, Amoco, and Ball Corporation. Additionally, the development of innovative packaging solutions for various food segments has also contributed to this expansion. Factors like consumer preferences, product characteristics, and compatibility with external factors have played a crucial role in determining the choice of food packaging.
The most commonly used materials for food packaging include rigid, paper & board, flexible, metal, and glass. In 2013, the revenue for rigid food packaging was estimated to be – million dollars, with a compound annual growth rate (CARR) of 3.4% from 2008-2013. The Asia-Pacific region, which includes Japan, China, Australia, India, and South Korea, dominated the global food packaging market in terms of revenue. In 2013, this region accounted for -% of the market. The global food packaging market is projected to reach – million dollars by 2018 and is expected to grow at a CARR of 3.6% from 2013-2018.
The rigid plastic category is projected to maintain its position as the largest in the food packaging market, contributing a share of – % to total revenue in 2018. Revenue from the beverage packaging market reached USED ? million in 2008 and experienced a compound annual growth rate (CAGR) of 2.4% from 2008 to 2013, reaching USED ? million in 2013. This growth is driven by emerging packaging trends aimed at enhancing consumer convenience. The global consumption of packaged beverages in 2013 was approximately – billion liters, which represents a 3% increase from the previous year. In terms of volume, around – million units of beverage packs were sold in 2013, showing an incline from – million units in 2012.
Within the beverage packaging market, rigid plastic had the biggest share in 2013. Metals had the second largest share. The growth in demand for drinks like energy drinks and juices drove this market. In 2013, metal had a share of ?96, generating a revenue of USED – million. Tetra Lava was the dominant company in the food and beverage packaging market in 2013, with a market share of -% and revenue of USED ? million.
The company offers appealing packaging solutions for the food and beverages industry. In the beverage consumer packaging market, major players include Alcoa, Alpha Worker, Amoco, Radars Group, Ball Corporation, Rexes, Owens-Illinois, Tetra Lava, Constant International, Crown Holdings, Hindustan National Glass & Industries Limited, and Saint Goblin. The future of the food and beverage packaging industry is projected to be positive due to the increasing global demand for packaged food and beverages.