Global Beer Packaging Market worth USD 12.89 Billion by 2024

Global Beer Packaging Market worth USD 12.89 Billion by 2024

Pune, India, April 01, 2019 -- /360iResearch/ -- The report "Global Beer Packaging Market - Premium Insight, Industry Trends, FPNV Positioning Matrix, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2024 (Q1 2019 Update)", published by 360iResearch, states that the global market was valued at USD 8.10 billion in 2017 and is projected to reach USD 12.89 billion by 2024, growing at a CAGR of 6.86% from 2017 to 2024.

The major forces driving the growth of the beer packaging market include the changing consumer preferences and industry trend of customized packaging and innovative packaging for attractive marketing. Moreover, increasing beer production and rising demand for crafted beer segment and rising beer production are also some of the factors that are driving the market growth. However certain factors such as the stringent environmental regulations related to packaging materials may hinder the market growth. In the middle of difficulty lies opportunity such as the innovative 6- or 12-packaging to create a billboard effect, gender inclusive beer packaging and cleaner design, and reusable and environment-friendly packaging. The possible challenges for the market growth is market maturity limiting innovation. But key players in the market are overcoming the challenges with continual improvement and innovation.

Based on form, the global beer packaging market is studied across 12-PACK, 4-PACK, and 6-PACK. Based on type, the global beer packaging market is studied across Bottle, Can, and Keg. Based on geography, the global beer packaging market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.

The report features a competitive scenario of the beer packaging market and provides inclusive analysis of key growth strategies adopted by major players. Key company profiled in the study are Allied Glass Containers Limited, Amcor Limited, Ardagh Group S.A., Ball Corporation, Carlsberg A/S, Graphic Packaging International, LLC, Nampak Ltd., Owens-Illinois, Inc., Plastipak Packaging, Inc., Printpack, Inc., Rexam Corporation, Smurfit Kappa Group plc., Tetra Laval International S.A., and WestRock Company.

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