NEW YORK, Nov. 7, 2023 /PRNewswire/ — The beverage packaging market in Europe size is set to grow by USD 10.10 billion from 2021 to 2026 and register a CAGR of 5.67%, according to Technavio’s latest market research report estimates. With a focus on identifying dominant industry influencers, Technavio’s reports present a detailed study by the way of synthesis, and summation of data from multiple sources. This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Allied Glass Containers Ltd., Amcor Plc, AMS Europe e.V., AptarGroup Inc., Ardagh Group SA, Ball Corp., Beatson Clark Ltd., CANPACK SA, CCL Industries Inc., Crown Holdings Inc., Gerresheimer AG, Graphic Packaging Holding Co., Huhtamaki Oyj, Mondi plc, Multi Plastics Inc., O I Glass Inc., Plastipak Holdings Inc., Printpack Inc., Silgan Holdings Inc., Sonoco Products Co., Stora Enso Oyj, The Tetra Laval Group, Verallia SAS, and Vidrala SA are some of the major market participants. Read our Sample Report
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Beverage Packaging Market in Europe 2022-2026: Segmentation
- Material
- Plastic
- Glass
- Metal
The beverage packaging market share growth in Europe by the plastic segment will be significant during the forecast period. The demand from consumers for sustainable and environment-friendly packaging is increasing. Therefore, the pressure is high on rigid plastic manufacturers to introduce recyclable options for beverage packaging.
Beverage Packaging Market in Europe 2022-2026: Company Analysis and Scope
Some of the major vendors of the beverage packaging market in Europe include Allied Glass Containers Ltd., Amcor Plc, AMS Europe e.V., AptarGroup Inc., Ardagh Group SA, Ball Corp., Beatson Clark Ltd., CANPACK SA, CCL Industries Inc., Crown Holdings Inc., Gerresheimer AG, Graphic Packaging Holding Co., Huhtamaki Oyj, Mondi plc, Multi Plastics Inc., O I Glass Inc., Plastipak Holdings Inc., Printpack Inc., Silgan Holdings Inc., Sonoco Products Co., Stora Enso Oyj, The Tetra Laval Group, Verallia SAS, and Vidrala SA. To help businesses improve their market position, Technavio’s report provides a detailed analysis of around 15+ vendors operating in the market.
Company Offerings
- Ball Corp. – The company offers beverage packaging for cans, bottles, tabs, and aerosol cans.
- Beatson Clark Ltd. – The company offers a wide range of glass bottles for beverage packaging of beers, real ales, lagers, spirits, and soft drinks.
- CANPACK SA – The company offers beverage packaging such as cans, and glass bottles.
Market Dynamics
Drivers- The rising sustainable practice in beverage packaging in Europe is notably driving market growth.
Trends- The increase in demand for digitally printed packaging is an emerging market trend. The beverage packaging market in Europe is poised to witness an upswing in the adoption of digital printing, primarily driven by brand preferences for swift turnarounds. This trend aligns with brand owners’ pursuit of innovation and value augmentation in their products, achieved through the incorporation of intricate decorative coatings and distinctive visual and tactile enhancements to their folding carton packaging. The surge in demand for personalized packaging has also contributed to the surge in demand for digitally printed packaging. Many brands are taking personalization to new heights, offering tailored packaging-on-demand with customizable imagery and text that consumers can configure according to their preferences. This emergent approach presents manufacturers with a novel opportunity to interact with consumers and differentiate themselves from competitors. These factors will drive the market growth during the forecast period.
Challenges – The fluctuation in raw material prices will be a major challenge hindering market growth.
Beverage Packaging Market in Europe 2022-2026: Key Highlights
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will assist the beverage packaging market in Europe growth during the next five years
- Estimation of the beverage packaging market in Europe size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the beverage packaging market in Europe
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of the beverage packaging market in Europe vendors
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The ready to drink (RTD) alcoholic beverages market size is estimated to grow at a CAGR of 5.81% between 2022 and 2027. The market size is forecast to increase by USD 8,028.52 million.
Table of contents
Executive Summary
Market Landscape
Market Sizing
Historic Market Size
Five Forces Analysis
Market Segmentation by Material
Market Segmentation by Location
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, and Trends
Vendor Landscape
Vendor Analysis
Appendix
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