Global Beer Packaging Market 2017-2021
About Beer Packaging
Beer packaging ensures the secure distribution of beer to reduce post-production damage. Packaging is aimed at protecting the product from external and environmental damage. The different types of materials used in the beer packaging market are glass, metal, and other packaging materials. Alcoholic beverage packaging provides product support, protection from the external environment, and resistance against tampering to alcoholic beverages, besides aiding in the reliable distribution of beverages across the value chain and reduction in post-production damage.
Technavio’s analysts forecast the global beer packaging market to grow at a CAGR of 4.41% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global beer packaging market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Beer Packaging Market 2017-2021
Technavio recognizes the following companies as the key players in the global beer packaging market: Amcor, Ball, Crown, and Owens-Illinois.
Other Prominent Vendors in the market are: Ardagh, Can Pack, Gamer packaging, Nampak, and Orora.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is development of Green Fiber Bottle for beer packaging. At the World Economic Forum in Switzerland, in January 2015, Carlsberg announced an agreement to develop the world's first biodegradable wood-fiber bottle for beer packaging. This is a three-year project with packaging company ecoXpac, and the Innovation Fund Denmark and the Technical University of Denmark.”
According to the report, one driver in the market is increased consumption of beer. The global beer consumption was valued at 189.06 million kiloliters in 2016, marking a growth of up to 0.4% over the 2015 figures. China remained the largest beer-consuming country in the world, despite a decrease of 3.1% in 2016 when compared with the 2015 values. In 2016, South Korea witnessed an increase of 11.7% in beer consumption over the 2015 values due to the growing popularity of low-alcohol drinks among young adults. Greater consumption of beer by women was witnessed in South Korea in 2016 in comparison to 2015.
Further, the report states that one challenge in the market is potential backward integration. The alcohol industry has been trying to consolidate in the recent years through vertical integration. This occurs when a company takes over new responsibility for added stages of the value chain. Backward integration involves producers taking control of their supply chain. This is relatively unusual in the alcohol industry. The potential backward integration can pose a major threat to the beer packaging market. This can cause an imbalance between the demand and supply for glass for use in beer packaging. The major brewers are developing their own packaging production facilities to reduce the dependence on vendors and to support their core business operations.
Amcor, Ball, Crown, Owens-Illinois, Ardagh, Can Pack, Gamer packaging, Nampak, and Orora.