The Asia-Pacific beverage packaging market is projected to showcase a CAGR of 8.1% during the forecast period (2020-2026). The key factors that drive the growth of the Asia-Pacific beverage packaging industry include the presence of a huge customer base and the fast-growing economies. There has been a significant rise in beverage consumption across the economies owing to the rapidly changing trends as well as urbanization.

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Huawei Technologies Co., Ltd., Alibaba Group Holding Ltd., and Tencent Holdings, Inc. has been leading in the smart city projects across the country. With smart city projects, the Chinese cities are paving the way for cashless payments, AI-directed traffic, and smart parking. In July 2017, City Brain project was started using by Hangzhou. The project is developed by Alibaba, which involves the use of sensors and camera systems across the city for the collection of data on road conditions in real-time. This supports AI-directed traffic, which thereafter traffic signals at 128 intersections.

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Besides, the adoption of sustainable packaging solutions provides several benefits including disposability, ease of use, and better user experience, which have led to the growth in demand for sustainable packaging solutions in the market. Further, the introduction of new and innovative products by the key manufacturers enhancing brand visibility also contributes to the growth of the Asia-Pacific beverage packaging market.

Further, some of the factors that hinder the growth of the market in the region include the stringent regulations imposed by the government concerning environmental safety. This has limited the use of some packaging materials in the industry, thereby, challenging the growth of the market over the forecast period. Nevertheless, manufacturers are increasingly adopting sustainable packaging concerning environmental harm across the region, owing to the increased pressure from the government and several private organizations. Thus, the advent of sustainable packaging options is likely to create a wide scope for the growth of the Asia-Pacific beverage packaging market over the forecast period.

Market Coverage

The market number available for – 2019-2026
Base year- 2019
Forecast period- 2020-2026
Segment Covered- By Material, By Product, By Beverage
Competitive Landscape- Amcor Plc, Ball Corp., Berry Global, Inc., Crown Holdings Inc., Gerresheimer AG, and Mondi Group Plc

Asia-Pacific Beverage Packaging Market – Segmentation

By Material

Glass
Plastic
Paper
Metal

By Product

Bottles & Jars
Cans
Pouches
Cartons
Others

By Beverage

Non-Alcoholic Beverages
Alcoholic Beverages

Asia-Pacific Beverage Packaging Market – Countries Covered

China
India
Japan
Rest of Asia-Pacific

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