North America's beverage packaging market is projected to showcase a moderate CAGR of 5.7% during the forecast period (2020-2026). The key factors that drive the growth of the North American beverage packaging industry include the increased adoption of beverages, for instance, coffee and sports drinks. Caffeine is consumed in a significant amount in their daily intake among the population in the region. Whereas sports drinks are also being popular and consumed especially among the millennials. Besides, low-calorie energy and sugar-free drinks are also in the trends in the region, as there are a lot of people suffering from diabetes. Thus, this is likely to drive the North American beverage packaging market growth in the region.
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Further, the robust manufacturing base in the region is also driving the growth of the market in the region; and the beverage manufacturing brands operating in the region including The Coca – Cola Co., Red Bull, Monster, Rockstar, Amp among others are continuously introducing new flavors and health-boosting ingredients in order to attract consumers. Besides, these companies have also shifted from packing their products in sustainable packaging products to contain environmental harm. Thus, this led the beverage packaging manufacturing players to introduce innovative and advanced products, thereby contributes to the growth of the North American beverage packaging industry growth.
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Market Coverage
The market number available for – 2019-2026
Base year- 2019
Forecast period- 2020-2026
Segment Covered- By Material Type, By Product Type, By Beverage Type
Competitive Landscape- Amcor Plc, Ball Corp., Berry Global, Inc., Crown Holdings Inc., Mondi Plc, Smurfit Kappa Group, and Sonoco Products Co.
North America 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
North American Beverage Packaging Market – Countries Covered
United States
Canada
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