Latest news with #AmcorPlc
Yahoo
14-05-2025
- Business
- Yahoo
[Latest] Global Pharmaceutical Container Market Size/Share Worth USD 189.45 Billion by 2034 at a 6.98% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value)
[220+ Pages Latest Report] According to a market research study published by Custom Market Insights, the demand analysis of Global Pharmaceutical Container Market size & share revenue was valued at approximately USD 97.63 Billion in 2024 and is expected to reach USD 103.23 Billion in 2025 and is expected to reach around USD 189.45 Billion by 2034, at a CAGR of 6.98% between 2025 and 2034. The key market players listed in the report with their sales, revenues and strategies are Amcor Plc, Ardagh Group S.A., Becton Dickinson and Company, Berry Global Group Inc., Bilcare Limited, Catalent Inc., Clondalkin Group Holdings B.V., Constantia Flexibles Group GmbH, Gerresheimer AG, Klöckner Pentaplast Group, Mondi Group, Nipro Corporation, Piramal Glass Private Limited, Schott AG, Sealed Air Corporation, Uflex Ltd., West Pharmaceutical Services, Westrock Company, Wipak Group, Harpak Ulma & Others. Austin, TX, USA, May 14, 2025 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled 'Pharmaceutical Container Market Size, Trends and Insights By Product Type (Bottles, Vials & Ampoules, Bags & Pouches, Prefilled Syringes & Cartridges, Trays, Tubes), By Material Type (Plastics, Glass, Metal), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025–2034' in its research database.'According to the latest research study, the demand of global Pharmaceutical Container Market size & share was valued at approximately USD 97.63 Billion in 2024 and is expected to reach USD 103.23 Billion in 2025 and is expected to reach a value of around USD 189.45 Billion by 2034, at a compound annual growth rate (CAGR) of about 6.98% during the forecast period 2025 to 2034.' Click Here to Access a Free Sample Report of the Global Pharmaceutical Container Market @ Pharmaceutical Container Market Overview The pharma packaging containers market is expanding at a rapid rate because companies are in search of secure, efficient, and eco-friendly packaging solutions. Companies like Amcor Plc, Ardagh Group S.A., Becton, Dickinson and Company, Berry Global Group, Inc., and Bilcare Limited are spearheading the innovation of smart containers that ensure drug safety, compliance, and integrity. They go for innovations such as tamper evidence, child-resistant packaging, and environmentally friendly materials to satisfy growing demands for good quality drug packaging. The company needs innovations like these to ensure product safety and environmental effectiveness in response to growing regulatory requirements. Pharmaceutical Container Market Growth Factors and Dynamics Growing Demand for Pharmaceutical Products: Expanding global healthcare requirements, brought about by an ageing population and chronic diseases, are enhancing the demand for pharmaceutical packaging. As the pharmaceutical sector expands, the demand for secure, dependable, and sustainable packaging becomes increasingly imperative to guarantee drug integrity, security, and regulatory compliance. As an example, this January 2024, Berry Global Healthcare is presenting its latest packaging and drug delivery innovations, such as the Pneumohaler inhaler, Risdrop eye drop nozzle, and Berry Digi-Cap with digital patient compliance technology. The company also launches the BerryHaler two-chambered inhaler for combination drugs alongside its combined CDMO offerings. Berry will also be showcasing a sustainability presentation on healthcare packaging circularity, emphasizing its involvement in patient care and the environment. Pharmaceutical Container Innovation: Innovation in drug delivery systems requires specialized packaging to ensure effective and safe administration of drugs. This innovation creates room for demand for pharmaceutical packaging to accommodate emerging drug formulations and drug delivery forms. For instance, in December 2024, Ardagh Glass Packaging-Europe joined forces with Hernö Gin to launch a new, bespoke 500 ml glass bottle that is visually appealing and sustainable. Request a Customized Copy of the Pharmaceutical Container Market Report @ Ardagh's Limmared plant in Sweden manufactures the new bottle, which features an embossed Hernö copper still and weighs 100g less at 480g. As the amount of recycled glass is boosted, the bottle saves 31% of carbon emissions, while moving production to Sweden reduces emissions from transport while maintaining both brands' premium quality and sustainability values. Report Scope Feature of the Report Details Market Size in 2025 USD 103.23 Billion Projected Market Size in 2034 USD 189.45 Billion Market Size in 2024 USD 97.63 Billion CAGR Growth Rate 6.98% CAGR Base Year 2024 Forecast Period 2025-2034 Key Segment By Product Type, Material Type and Region Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America Buying Options Request tailored purchasing options to fulfil your requirements for research. (A free sample of the Pharmaceutical Container report is available upon request; please contact us for more information.) Our Free Sample Report Consists of the following: Introduction, Overview, and in-depth industry analysis are all included in the 2024 updated report. The COVID-19 Pandemic Outbreak Impact Analysis is included in the package. About 220+ Pages Research Report (Including Recent Research) Provide detailed chapter-by-chapter guidance on the Request. Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2025 Includes Tables and figures have been updated. The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis Custom Market Insights (CMI) research methodology (Please note that the sample of the Pharmaceutical Container report has been modified to include the COVID-19 impact study prior to delivery.) Request a Customized Copy of the Pharmaceutical Container Market Report @ Pharmaceutical Container Market: SWOT Analysis Strengths: The pharmaceutical packaging container market is supported by firm regulatory frameworks that ensure product quality and patient safety. Industry giants across the world, such as Amcor Plc, Becton Dickinson, and Berry Global, have driven innovation in the development of child-resistant and tamper-evident containers. Furthermore, the increased demand for biologics and personalized medicine has driven the innovation of sophisticated, secure containers to preserve the integrity of sensitive drugs. Weaknesses: Among the key market weaknesses is high cost, as indicated by the approval and setup process of the new drug packaging material and shape. The producers also experience logistical challenges from intricate supply chains and cold chain storage requirements on some products. Geographical variability of regulatory parameters also leads to global delivery and commercialization delays. Opportunities: There is immense potential for expansion in emerging economies like India, China, and Brazil, where rising healthcare infrastructure is creating demand for safe and efficient pharma containers. Growing biopharmaceuticals and injectables are also giving rise to vial, ampoule, and prefilled syringe packaging innovation. Furthermore, the move towards sustainable, eco-friendly packaging materials provides manufacturers with a chance to innovate biodegradable and recyclable packaging. Threats: The industry is exposed to the risk of proliferation of counterfeits of medicines that erode confidence in packaging integrity and undermine patient safety. Compliance with packaging regulations creates regulatory pressure and redundancy by replicating rules across different regions, which adds to the burden on manufacturers. Economic downturns, raw material shortages, and disruption of the supply chain, as experienced during the COVID-19 pandemic, continue to pose as ongoing threats to manufacturing and distribution. Request a Customized Copy of the Pharmaceutical Container Market Report @ Key questions answered in this report: What is the size of the Pharmaceutical Container market and what is its expected growth rate? What are the primary driving factors that push the Pharmaceutical Container market forward? What are the Pharmaceutical Container Industry's top companies? What are the different categories that the Pharmaceutical Container Market caters to? What will be the fastest-growing segment or region? In the value chain, what role do essential players play? What is the procedure for getting a free copy of the Pharmaceutical Container market sample report and company profiles? Key Offerings: Market Share, Size & Forecast by Revenue | 2025−2034 Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions Competitive Landscape – Top Key Vendors and Other Prominent Vendors Buy this Premium Pharmaceutical Container Research Report | Fast Delivery Available - [220+ Pages] @ Pharmaceutical Container Market Regional Perspective The Pharmaceutical container market can be divided across different regions such as North America, Europe, Asia-Pacific, and LAMEA. This is a cursory overview of each region: North America: North America has become a focus region in the international pharmaceutical packaging market because of its highly developed healthcare infrastructure, strict regulatory requirements, and growing need for innovative and environmentally friendly packaging materials. Strong patient safety and product integrity concerns in the region's highly developed pharmaceutical industry, along with growing demands for packaging guaranteeing drug stability, security, and compliance with changing regulations, have driven demand for packaging. While drug makers are still looking to improve drug performance and extend product offerings, packaging solutions increasingly play a vital role in solving issues such as product piracy, tamper-evidence, and the environment. Europe: Europe leads the pharmaceutical packaging market due to its highly regulated environment, diversified and strong pharma sector, and increasing focus on innovation and sustainability. It is world-famous for its highest standards of product safety, traceability, and conformity, which is driving the development of better packaging solutions. In addition, the emphasis of Europe on minimizing its environmental footprint has spurred the increase in sustainable material and recyclable packaging solutions. As the pharma industry grows, demand for packaging that offers drug stability support, patient protection, and sustainability continues to remain the driving factor in determining Europe's future for packaging solutions. Asia-Pacific: The Asia-Pacific area is experiencing the growth of the pharmaceutical packaging sector at a very fast pace, primarily due to growing healthcare markets and rising pharmaceutical manufacturing in the major countries of China, India, and Japan. With increasing demand for pharmaceuticals in these countries owing to the needs for growing healthcare and aging populations, demand for innovative packaging solutions that ensure product safety, compliance, and patient convenience has grown. Besides, the region is being developed as a huge manufacturing hub, which not only increases pharmaceutical products' manufacturing but also generates a demand for packaging that reinforces big-scale manufacturing while maintaining high standards of quality and regulatory control. LAMEA: The LAMEA market is becoming an ever-more-important driver of the pharmaceutical packaging market due to rapid developments in healthcare infrastructure and pharmaceutical manufacturing growth. Middle Eastern, Latin American, and African nations are witnessing a surge in healthcare investments, thus driving demand for high-end packaging solutions that are capable of managing the complexities of modern-day pharmaceutical products. With increasing emphasis on regulatory compliance, patient safety, and product purity, the region is embracing new packaging technologies catering to local demands of temperature control, safe delivery, and environmental sustainability. As healthcare services and pharmaceutical manufacturing continue to enhance, the LAMEA packaging market is poised to take a positive growth trajectory. Request a Customized Copy of the Pharmaceutical Container Market Report @ (We customized your report to meet your specific research requirements. Inquire with our sales team about customizing your report.) Still, Looking for More Information? Do OR Want Data for Inclusion in magazines, case studies, research papers, or Media? Email Directly Here with Detail Information: support@ Browse the full 'Pharmaceutical Container Market Size, Trends and Insights By Product Type (Bottles, Vials & Ampoules, Bags & Pouches, Prefilled Syringes & Cartridges, Trays, Tubes), By Material Type (Plastics, Glass, Metal), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025–2034' Report at of the prominent players in the Pharmaceutical Container Market: Amcor Plc Ardagh Group S.A. Becton Dickinson and Company Berry Global Group Inc. Bilcare Limited Catalent Inc. Clondalkin Group Holdings B.V. Constantia Flexibles Group GmbH Gerresheimer AG Klöckner Pentaplast Group Mondi Group Nipro Corporation Piramal Glass Private Limited Schott AG Sealed Air Corporation Uflex Ltd. West Pharmaceutical Services Inc. Westrock Company Wipak Group Harpak Ulma Bandall Pharma Packaging Solutions Nolato AB (publ) Medical Packaging Inc. LLC Origin Pharma Packaging Others Click Here to Access a Free Sample Report of the Global Pharmaceutical Container Market @ Spectacular Deals Comprehensive coverage Maximum number of market tables and figures The subscription-based option is offered. Best price guarantee Free 35% or 60 hours of customization. Free post-sale service assistance. 25% discount on your next purchase. Service guarantees are available. Personalized market brief by author. Browse More Related Reports: Sustainable Pharmaceutical Packaging Market: Sustainable Pharmaceutical Packaging Market Size, Trends and Insights By Material (Plastics, Paper & paperboard, Glass, Metal, Others), By Product Type (Plastic bottles, Blisters, Pre-filled inhalers, Ampoules, Jars & Canisters), By Process (Recyclable, Reusable, Biodegradable), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025–2034 Blister Packaging Equipment Market: Blister Packaging Equipment Market Size, Trends and Insights By Product Type (Solid, Semisolid), By Technology (Cold Sealing, Heat Sealing, Thermoforming, Ultrasonic), By End User (Pharmaceutical, Food, Cosmetics, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033 Aseptic Carton Packaging Market: Aseptic Carton Packaging Market Size, Trends and Insights By Packaging Type (Standard, Slim, Square, Others), By End User (Food & Beverages, Dairy, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033 Seal Paper Packaging Market: Seal Paper Packaging Market Size, Trends and Insights By Material Type (Recycled Paper, Virgin Paper, Composite Paper), By Product Type (Seal Paper Pouches, Seal Paper Bags, Seal Paper Wraps, Seal Paper Cartons, Seal Paper Labels and Stickers), By Application (Food & Beverage Packaging, Pharmaceutical Packaging, Personal Care & Cosmetics Packaging, Electronics Packaging, Retail & E-commerce Packaging, Industrial Packaging), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033 Collapsible Metal Tube Packaging Market: Collapsible Metal Tube Packaging Market Size, Trends and Insights By Type (Aluminum Tubes, Tin Tubes, Lead Tubes, Others), By Application (Cosmetics & Personal Care, Pharmaceuticals, Food & Beverage, Industrial Products, Household Products), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033 Aseptic Packaging Market: Aseptic Packaging Market Size, Trends and Insights By Packaging Type (Cartons, Bottles, Pouches, Bags), By Technology (Fillers, Sealing Machines, Sterilization Equipment, Packaging Materials), By Material Type (Paperboard, Plastics, Metals, Glass), By End-User (Food and Beverage, Pharmaceuticals, Healthcare), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033 Paper Cups Market: Paper Cups Market Size, Trends and Insights By Cup Capacity (Up to 150 ml, 151 to 350 ml, 351 to 500 ml, Above 500 ml), By Cup Type (Cold Beverage Cup, Hot Beverage Cup), By Sale Channels (Supermarkets/ Hypermarkets, Specialty Stores, Online), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033 Aerosol Packaging Market: Aerosol Packaging Market Size, Trends and Insights By Material (Glass, Coated Glass, Tin-Plated Steel, Stainless Steel, Aluminium, Plastic, Others), By Volume (Less Than 100 ml, 100 ml – 250 ml, 251 ml – 500 ml, More Than 500 ml), By Product Type (Aerosol Cans, Others), By Can Type (Necked in, Shaped Wall, Straight Wall), By Application (Cosmetics and Personal Care, Household Products, Automotive/Industrial Products, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033 The Pharmaceutical Container Market is segmented as follows: By Product Type Bottles Vials & Ampoules Bags & Pouches Prefilled Syringes & Cartridges Trays Tubes By Material Type Plastics Glass Metal Click Here to Get a Free Sample Report of the Global Pharmaceutical Container Market @ Regional Coverage: North America U.S. Canada Mexico Rest of North America Europe Germany France U.K. Russia Italy Spain Netherlands Rest of Europe Asia Pacific China Japan India New Zealand Australia South Korea Taiwan Rest of Asia Pacific The Middle East & Africa Saudi Arabia UAE Egypt Kuwait South Africa Rest of the Middle East & Africa Latin America Brazil Argentina Rest of Latin America This Pharmaceutical Container Market Research/Analysis Report Contains Answers to the following Questions. Which Trends Are Causing These Developments? Who Are the Global Key Players in This Pharmaceutical Container Market? What are Their Company Profile, Product Information, and Contact Information? What Was the Global Market Status of the Pharmaceutical Container Market? What Was the Capacity, Production Value, Cost and PROFIT of the Pharmaceutical Container Market? What Is the Current Market Status of the Pharmaceutical Container Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Pharmaceutical Container Market by Considering Applications and Types? What Are Projections of the Global Pharmaceutical Container Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports? What Is Pharmaceutical Container Market Chain Analysis by Upstream Raw Materials and Downstream Industry? What Is the Economic Impact On Pharmaceutical Container Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends? What Are Market Dynamics of Pharmaceutical Container Market? What Are Challenges and Opportunities? What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Pharmaceutical Container Industry? Click Here to Access a Free Sample Report of the Global Pharmaceutical Container Market @ Reasons to Purchase Pharmaceutical Container Market Report Pharmaceutical Container Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors. Pharmaceutical Container Market report outlines market value (USD) data for each segment and sub-segment. This report indicates the region and segment expected to witness the fastest growth and dominate the market. Pharmaceutical Container Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region. The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled. Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players. The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions. Pharmaceutical Container Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain. Reasons for the Research Report The study provides a thorough overview of the global Pharmaceutical Container market. Compare your performance to that of the market as a whole. Aim to maintain competitiveness while innovations from established key players fuel market growth. Buy this Premium Pharmaceutical Container Research Report | Fast Delivery Available - [220+ Pages] @ What does the report include? Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Pharmaceutical Container market analysis. The competitive environment of current and potential participants in the Pharmaceutical Container market is covered in the report, as well as those companies' strategic product development ambitions. According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions. For each segment mentioned above, actual market sizes and forecasts have been given. Who should buy this report? Participants and stakeholders worldwide Pharmaceutical Container market should find this report useful. The research will be useful to all market participants in the Pharmaceutical Container industry. Managers in the Pharmaceutical Container sector are interested in publishing up-to-date and projected data about the worldwide Pharmaceutical Container market. Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Pharmaceutical Container products' market trends. Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans. Request a Customized Copy of the Pharmaceutical Container Market Report @ About Custom Market Insights: Custom Market Insights is a market research and advisory company delivering business insights and market research reports to large, small, and medium-scale enterprises. We assist clients with strategies and business policies and regularly work towards achieving sustainable growth in their respective domains. CMI provides a one-stop solution for data collection to investment advice. The expert analysis of our company digs out essential factors that help to understand the significance and impact of market dynamics. The professional experts apply clients inside on the aspects such as strategies for future estimation fall, forecasting or opportunity to grow, and consumer survey. Follow Us: LinkedIn | Twitter | Facebook | YouTube Contact Us: Joel John CMI Consulting LLC 1333, 701 Tillery Street Unit 12, Austin, TX, Travis, US, 78702 USA: +1 737-734-2707 India: +91 20 46022736 Email: support@ Web: Blog: Blog: Blog: Blog: Buy this Premium Pharmaceutical Container Research Report | Fast Delivery Available - [220+ Pages] @
Yahoo
12-02-2025
- Business
- Yahoo
Beverage Can Market to Grow by USD 5.92 Billion from 2025-2029, Driven by Increased Demand for Metal Cans, AI's Role in Market Transformation
NEW YORK, Feb. 12, 2025 /PRNewswire/ -- Report with the AI impact on market trends - The global beverage can market size is estimated to grow by USD 5.92 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of over 3% during the forecast period. Increased need for metal cans is driving market growth, with a trend towards growing market of RTD coffee and tea. However, anticipated rise in steel prices during forecast period poses a challenge. Key market players include Amcor Plc, Ardagh Group SA, Ball Corp., Bangkok Can Manufacturing Co. Ltd., Can One Berhad, CANPACK SA, CPMC Holdings Ltd., Crown Holdings Inc., Envases Ohringen GmbH, GZ Industries Ltd., Kian Joo Can Factory Bhd, Mahmood Saeed Co. Ltd., Mitsubishi Materials Corp., Nampak Ltd., ORG Technology Co. Ltd., Orora Ltd., Shengxing Group, Silgan Holdings Inc., Toyo Seikan Group Holdings Ltd., and Trivium Packaging BV. Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF Beverage Can Market Scope Report Coverage Details Base year 2024 Historic period 2019 - 2023 Forecast period 2025-2029 Growth momentum & CAGR Accelerate at a CAGR of 3% Market growth 2025-2029 USD 5915.6 million Market structure Fragmented YoY growth 2022-2023 (%) 2.8 Regional analysis APAC, North America, Europe, Middle East and Africa, and South America Performing market contribution APAC at 49% Key countries US, China, Canada, Germany, India, Japan, Brazil, UK, France, and UAE Key companies profiled Amcor Plc, Ardagh Group SA, Ball Corp., Bangkok Can Manufacturing Co. Ltd., Can One Berhad, CANPACK SA, CPMC Holdings Ltd., Crown Holdings Inc., Envases Ohringen GmbH, GZ Industries Ltd., Kian Joo Can Factory Bhd, Mahmood Saeed Co. Ltd., Mitsubishi Materials Corp., Nampak Ltd., ORG Technology Co. Ltd., Orora Ltd., Shengxing Group, Silgan Holdings Inc., Toyo Seikan Group Holdings Ltd., and Trivium Packaging BV Market Driver The RTD coffee and tea market has experienced significant growth due to increasing health consciousness and rising disposable incomes. Millennials, in particular, are driving demand for these instant energy drinks. Metal cans are a popular packaging choice for RTD coffee and tea brands like Starbucks and Stumptown Coffee Roasters. This trend is anticipated to boost the global beverage can market during the forecast period. The beverage can market is experiencing significant growth, with coffee, energy drinks, and bottled water leading the trend. Consumers prefer convenient and portable packaging, making cans an ideal choice. Coffee and energy drinks continue to gain popularity due to their on-the-go convenience. Bottled water is another major player in the market, driven by health-conscious consumers. The organic and natural category is also growing, with many brands offering plant-based and zero-sugar options. Producers are focusing on sustainability, with some using recycled materials for their cans. The market is expected to grow further, driven by these trends and consumer preferences. Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution! Market Challenges The beverage can market may face challenges due to the anticipated increase in steel prices. China's decision to reduce steel production will likely result in a supply shortage, leading to higher costs for can manufacturers. This could potentially lead to price increases for consumers, causing them to reconsider their purchasing decisions. The global steel market has been distorted by China's low-cost production for over a decade, but decreasing production and slowing economic growth in China are expected to shift the balance towards demand, driving up prices. The beverage can market faces several challenges. Environmental concerns, such as disposal and recycling, are a significant issue. The use of aluminum cans contributes to a high recycling rate, but the industry must continue to innovate and find more sustainable solutions. Another challenge is competition from other packaging formats, like plastic bottles and glass bottles. Pricing pressure from retailers and consumers also poses a threat. Additionally, the market is becoming increasingly globalized, requiring companies to adapt to different regulations and consumer preferences. Lastly, the rise of e-commerce and direct-to-consumer sales is disrupting traditional distribution channels. Companies must navigate these challenges to remain competitive in the beverage can market. Discover how AI is revolutionizing market trends- Get your access now! Segment Overview This beverage can market report extensively covers market segmentation by Application Material Geography 1.1 Non alcoholic beverages- The beverage can market is experiencing growth due to the rising preference for canned drinks in the UK and increasing global temperatures. Health concerns over artificially sweetened beverages are a challenge, but companies are responding with low-sugar options. Promotional activities by leading manufacturers like Coca-Cola and PepsiCo are driving demand. The market is seeing growth in caffeine-based drinks, particularly energy and sports drinks, and rehydration beverages. Juice manufacturers are increasing, but their impact on the industry is limited due to metal packaging's limited penetration. Overall, the expanding non-alcoholic beverage market is fueling the growth of the beverage can market. Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics Research Analysis The beverage can market encompasses various types of beverages, including carbonated soft drinks, beer, and cider. Traditional packaging solutions for these beverages have relied heavily on plastic products, such as PET and polyester, which contribute to the production of greenhouse gases (GHGs) during manufacturing and transportation. However, there is a growing trend towards alternative packaging solutions, such as metal cans made of aluminum or steel. These materials offer advantages in terms of sterilization, labeling, and design innovations. The use of metal cans also reduces the carbon footprint associated with refrigeration and transportation compared to glass bottles or plastic bottles. Moreover, the recyclability of metal cans is higher than that of plastic bottles, making them a more sustainable choice for retail operations. Market Research Overview The beverage can market is a significant sector in the global packaging industry, focusing on producing and supplying aluminum and steel cans for various beverages. These containers offer advantages such as lightweight, recyclable, and convenient for consumers. The market is driven by factors like increasing consumer preference for on-the-go beverages, growing demand for eco-friendly packaging, and technological advancements in can manufacturing. The market also faces challenges like price volatility of raw materials and intense competition from other packaging formats. The future of the beverage can market looks promising with the ongoing trend of sustainability and innovation in can design and functionality. Table of Contents: 1 Executive Summary2 Market Landscape3 Market Sizing4 Historic Market Size5 Five Forces Analysis6 Market Segmentation Application Material Geography 7 Customer Landscape8 Geographic Landscape9 Drivers, Challenges, and Trends10 Company Landscape11 Company Analysis12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: media@ View original content to download multimedia: SOURCE Technavio Sign in to access your portfolio
Yahoo
07-02-2025
- Business
- Yahoo
Packaging Market to Grow by USD 297.6 Billion by 2029, Boosted by Growth in Food Delivery and Takeaway Services, AI-Powered Market Evolution Report
NEW YORK, Feb. 6, 2025 /PRNewswire/ -- Report on how AI is driving market transformation - The global packaging market size is estimated to grow by USD 297.6 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of 4.6% during the forecast period. Growth of food delivery and takeaway services is driving market growth, with a trend towards market strategies adopted by vendors. However, high cost of recycling rigid plastic products poses a challenge. Key market players include Amcor Plc, Ball Corp., Berry Global Inc., Constantia Flexibles Group GmbH, Crown Holdings Inc., Gerresheimer AG, Huhtamaki Oyj, International Paper Co., Mondi Plc, Oji Holdings Corp., Pregis LLC, Sealed Air Corp., Smurfit Kappa Group, Sonoco Products Co., Stora Enso Oyj, Tetra Laval SA, UPM Kymmene Corp., WestRock Co., and Winpak Ltd.. Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF Packaging Market Scope Report Coverage Details Base year 2024 Historic period 2019 - 2023 Forecast period 2025-2029 Growth momentum & CAGR Accelerate at a CAGR of 4.6% Market growth 2025-2029 USD 297.6 billion Market structure Fragmented YoY growth 2022-2023 (%) 4.1 Regional analysis APAC, North America, Europe, Middle East and Africa, and South America Performing market contribution APAC at 41% Key countries US, China, Germany, UK, India, France, Japan, Canada, South Korea, and Italy Key companies profiled Amcor Plc, Ball Corp., Berry Global Inc., Constantia Flexibles Group GmbH, Crown Holdings Inc., Gerresheimer AG, Huhtamaki Oyj, International Paper Co., Mondi Plc, Oji Holdings Corp., Pregis LLC, Sealed Air Corp., Smurfit Kappa Group, Sonoco Products Co., Stora Enso Oyj, Tetra Laval SA, UPM Kymmene Corp., WestRock Co., and Winpak Ltd. Market Driver The packaging market is thriving, with trends like high-barrier films, stand-up retort pouches, metal tins, and glass jars leading the way. Food and beverages, personal care, and department stores are major sectors driving demand. Quality and presentation are key, with eco-friendly packaging gaining popularity. Cost-effective attributes are important, making plastic, paper and paperboard, glass, and metal popular packaging materials. Printing technology, such as flexography and digital, is advancing. Slimline collections, fiber-based egg cartons, and foam packaging are innovative solutions. Advanced film technology, lightweight foam plastics, and corrugated boxes offer protection. Stringent regulations require biodegradable plastics, recycled paper, and compostable packaging. Rigid protective packaging, wrapping, and e-commerce are growing sectors. PaperBox is a leading player, providing sustainable and cost-effective packaging solutions. The packaging market is witnessing continuous growth due to the introduction of new products by vendors. For instance, Amcor Plc's launch of AmFiber, a recyclable paper-based packaging platform, in January 2022 for coffee, drink powders, snacks, candy, seasoning, and soups, has set a new trend. In response to the increasing demand for aluminum cans, Ball Corporation expanded its operations in South America with a new manufacturing plant in Peru, announced in June 2022. These developments demonstrate the competitive nature of the global packaging market, as vendors strive to innovate and meet consumer demands. Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution! Market Challenges • The packaging market faces several challenges in various industries, particularly in food and beverages, personal care, and department stores. High-barrier films and stand-up retort pouches require advanced technology for effective packaging. Metal tins and glass jars offer quality presentation but add to cost. Eco-friendly packaging, including biodegradable plastics, recycled paper, and compostable packaging, is a growing trend. Cost-effective attributes are essential for businesses. Packaging materials like plastic, paper and paperboard, glass, and metal offer different benefits. Printing technology, such as flexography and digital, plays a crucial role in creating eye-catching designs. Food and beverage industries use slimline collections, fiber-based egg cartons, and foam packaging for lightweight and protective solutions. Strict regulations call for rigorous testing and certification. E-commerce growth necessitates and protective packaging. Innovations include advanced film technology, lightweight foam plastics, and corrugated boxes. Sustainability remains a priority with biodegradable plastics, compostable packaging, and eco-friendly materials. • The packaging market, specifically in rigid plastic products, involves significant investments for recycling due to high procurement costs, energy expenses, and collection and sorting of discarded plastic waste. Recycling processes include collecting, paying customers for scrap, transporting to recycling units, and cleaning, crushing, and melting. For many small and medium-scale manufacturers, producing new rigid plastic products is more cost-effective than recycling. Water consumption is high during cleaning, and additional energy and workforce are required for further recycling steps. Discover how AI is revolutionizing market trends- Get your access now! Segment Overview This packaging market report extensively covers market segmentation by Type End-user Geography 1.1 Board- Paperboard, a thick paper-based material, is widely used for packaging due to its foldability, rigidity, lightweight, and strength. Different types of paperboards, such as folding boxboard, chipboard, bleached paperboard, craft board, laminate board, and containerboard, cater to various packaging applications. Bleached paperboard, in particular, is popular for medical, cosmetic, frozen food, and candy packaging. The demand for personalized packaging with innovative designs and graphics has fueled the need for paperboard. Folding cartons, for instance, are widely used for personalized packaging. Additionally, the growth in adoption of bag-in-box packaging solutions for lubricants and beer will further boost paperboard demand. Recycled paperboard is commonly used but poses health risks due to mineral oil contamination. Price fluctuations of paper pulp, the major raw material, impact manufacturing costs and profitability. Specialized paperboard containers, which are lightweight, cost-effective, and visually appealing, cater to specific packaging needs. These containers shield fragile products, enable shelf balance, and attract buyers with appealing designs. WestRock Co. Offers specialized folding boxes for paper and paperboard containers, featuring high-impact graphics and innovative container features. The demand for paperboard containers is expected to rise due to their benefits. Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics Research Analysis The packaging market encompasses a wide range of products and industries, including food and beverages, personal care, department stores, and more. High-barrier films, stand-up retort pouches, metal tins, and glass jars are popular choices for preserving and protecting various goods. Quality and presentation are key considerations, with advanced film technology, lightweight foam plastics, and corrugated boxes offering innovative solutions. Sustainability is a growing concern, with fiber-based egg cartons, foam packaging made from renewable resources, biodegradable plastics, recycled paper, and compostable packaging gaining traction. Stringent regulations ensure safety and compliance, while rigid protective packaging and wrapping provide essential protection during transportation. Market Research Overview The packaging market encompasses a wide range of products and materials used to protect, preserve, and promote various consumer goods. Key product categories include food and beverages, personal care, and department stores. High-barrier films, stand-up retort pouches, metal tins, and glass jars are popular packaging solutions for these industries. Quality and presentation are essential factors, with eco-friendly packaging gaining popularity due to its cost-effective attributes and reduced environmental impact. Packaging material options include plastic, paper and paperboard, and glass, with advancements in printing technology such as flexography and digital methods enhancing visual appeal. Innovations like slimline collections, fiber-based egg cartons, foam packaging, and advanced film technology offer lightweight and protective solutions. Stringent regulations drive the use of biodegradable plastics, recycled paper, and compostable packaging. Rigid protective packaging, wrapping, and e-commerce packaging are also crucial segments of the market. PaperBox is an example of a company specializing in paper-based packaging solutions. Table of Contents: 1 Executive Summary2 Market Landscape3 Market Sizing4 Historic Market Size5 Five Forces Analysis6 Market Segmentation Type End-user Geography 7 Customer Landscape8 Geographic Landscape9 Drivers, Challenges, and Trends10 Company Landscape11 Company Analysis12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: media@ View original content to download multimedia: SOURCE Technavio Sign in to access your portfolio
