The global beverage packaging market will reach nearly US$ 193 billion by 2016, up from US$ 181 billion in 2014. Demand for beverage packaging is expected to grow at over 3% annually between the period 2014 and 2020.
Leading players in the beverage packaging market are focusing on expanding their product portfolio through new product launches and acquiring product design specialised firms to cater to a wide range of end-use industries.
The key players studied by Future Market Insights (FMI) in its research report on beverage packaging market are Amcor Limited, Alcoa Inc., Ball Corporation, Crown, Owens-Illinois, Rexam, Reynolds, Ardagh Group, Tetra Laval, and Saint-Gobain.
Beverage packaging accounts for 100% revenues of Hawthorn, Australia-based Amcor Limited. The company has a strong global presence, with Western Europe, Australia, and New Zealand being the key regions. In a bid to further consolidate its position in the market, Amcor Limited acquired China-based Zhongshan Tiancai Packaging Company in 2015. Amcor had in 2014 acquired Nampak Holdings Ltd. to cater to the beverage market in South Africa.
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New York based Alcoa Inc. is focused towards production of aluminium bottles and aseptic foil for the beverage industry. The company is looking to increase its footprint in China to cater to the growing aluminium packaging demand from the beer industry.
Metal beverages packaging accounts for over 70% of overall revenues for Ball Corporation. In a bid to boost its presence in Europe, Ball Corporation announced expansion of its metal beverage cans facility in Lublin, Poland. The company also acquired the metal end and closure facilities of Sonoco Products Company in Canton, U.S. to further strengthen its position in the US beverage packaging market.
Beverage can segment accounts for over half of the total revenues for Philadelphia-based Crown Holdings. Western Europe is a lucrative region for the company, representing nearly 40% of the revenues. In early 2015, the company announced plans to set up a new beverage can manufacturing plant in Mexico. The move is aimed at meeting the growing demand for beverage cans in Latin America.
Europe is the most lucrative region for Perrysburg, U.S.-based Owens-Illinois, accounting for over 40% of the total revenues. The company announced the acquisition of the food and beverage glass container business of Vitro, S.A.B. de C.V. The objective of this acquisition was to target the growing glass packaging market in Mexico. In 2014, the company invested over US$ 60 million to upgrade its production plant in San Polo, Italy.
London, U.K.-based Rexam PLC acquired over 50% stake in United Arab Can Manufacturing Limited (UAC) to enhance its presence in the region. In 2014, Rexam invested US$ 184 million to set up a new manufacturing plant in Switzerland. The facility is expected to produce various sizes of slim and sleek cans for the beverage industry.
Reynolds Group Holdings Limited is focused on developing innovative and customised products for its consumers. North America remains a key region for Reynolds, and the company aims to further strengthening its position in the region by broadening its packaging product offerings.
Browse Full: “Beverage Packaging Market: Global Industry Analysis and Opportunity Assessment 2015 – 2025” Market Research Report at:
Europe continues to be the most lucrative market for Luxembourg-based Ardagh Group. Key recent developments for the company include launch of 750 ml. Belgian Beer Bottle specially designed to target craft brewers in North America. Earlier this year, the company made a significant investment to boost its production facility in Leeuwarden, Netherlands.
Tetra Laval International S.A. lays emphasis on expanding its product portfolio through novel and innovative product launches. For example, in 2014, the company introduced lightweight PET bottles with crown cap and non-petaloid based for beer. Tetral Laval has a strong presence in the developed world, and it is now focusing on emerging markets, such as Asia Pacific and Middle East and Africa.
Packaging segment only accounts for nearly 6% of the overall revenues of Saint-Gobain. Earlier this year, Saint-Gobain entered into exclusive discussion with Apollo Global Management, LLC regarding the sale of Verallia – a glass packaging business segment of Saint-Gobain.
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