Beverage packaging market is expected to grow to $125.7bn by 2018 at a compound annual growth Rate (CAGR) of 4.3% during the period from 2013 to 2018, according to a new report from MarketsandMarkets.
The beverage packaging market generated revenue of $97.2bn in 2012.
In 2012, Asia-Pacific led the global market with highest revenue followed by Europe and North America.
The report revealed that the beverage and beverage packaging are two interdependent markets and both the markets show similar growing patterns with CAGRs of 4.5%, driven by increasing consumption of alcoholic and non-alcoholic beverages.
Major types of packaging materials used are bottle, can, pouch and cartons, while the alcohol segment is dominated by bottles and cans, which are expected to grow in the case of alternative materials for bottling.
Use of cartons and cans for non-alcoholic beverage packages, as noted by the report, is increasing, while the dairy beverages are mostly served in pouches.
The three most potential nations for beverage packaging include India, China, and Brazil, which are part of Asia-Pacific and ROW.