Beverage packaging market to grow to $125.7 billion by 2018.

Position:INDUSTRY News

According to a new report by MarketsandMarkets, a global US-based market research company, "Beverage Packaging Market By Beverage Types, Packaging Types, Material--Global Trends & Forecast To 2018," the beverage packaging market will grow from an estimated $97.2 billion in 2012 to $125.7 billion by 2018.

In the global beverage packaging market, the major types are bottle, can, pouch and cartons, in which beverages are served. Consumer preferences, product characteristics, and material compatibility are essential to determine the type of packaging. The alcohol segment, although dominated by bottles and cans, are bound to grow in the case of alternative materials for bottling. Non-alcoholic beverage packages are I witnessing a gradual increase in preference for cartons and cans. Dairy beverages are mostly served in pouches; however, flavored and drinkable yogurt creates a demand for other forms of packages.

Asia-Pacific has the highest market share and is said to be the fastest...

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