The US beverage packaging market is projected to showcase a CAGR of 5.3% during the forecast period (2020-2026). The key factors that drive the growth of the US beverage packaging industry include the increased robust manufacturing base in the country.
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Further, the introduction of new flavors and health-boosting ingredients in order to attract consumers by the beverage manufacturing brands including Red Bull, Monster, The Coca – Cola Co., Rockstar, Amp, and others are also driving the market growth. Besides, these companies have also shifted towards sustainable packaging products to contain environmental harm. Thus, this led the beverage manufacturing players to introduce innovative and advanced products, thereby contributes to the growth of the US beverage packaging industry.
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Moreover, convenience has also accelerated the US beverage packaging market growth, with various product forms that cater to the rapidly evolving consumption and behavior patterns of the consumers. The paradigm shift of the consumers especially the millennials towards spending on premium products, and the increased adoption of alcohol-based drinks also drives the growth of the US beverage packaging market during the forecast period. Besides, due to the health consciousness amongst the people, the intake of low-calorie energy and sugar-free drinks has been increased among the consumers, which in turn, drives the market growth.
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., Mondi Group Plc, Smurfit Kappa Group, Sonoco Products Co., and Stora Enso Oyj
US 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
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