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Beverage Containers Market to Surpass US$ 251 Billion by 2026
The global beverage containers market is estimated to reach around USD 251 billion by 2026, market will grow at CAGR above 4.2% over the forecast time frame
LOS ANGELES, June 06, 2019 (GLOBE NEWSWIRE) — Acumen Research and Consulting, a global provider of market research studies, in a recently published report titled “Beverage Container Market (By Material: Plastic, Paperboard, Glass, Metal; By Container Type: Jars & Bottles, Cans, Cartons, Pouches, Bag-In-Boxes; By Application: Non-Alcoholic Beverages [Carbonated Soft Drinks, Dairy, Juices, Bottled Water, Sports Drinks], Alcoholic Beverages [Wine, Beer, Spirit) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2026”.
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Strong demand for convenient and sustainable consumer packaging solutions will drive market growth for beverage containers. The scope of product application is supported by factors such as aroma retention, strength, heat insulation, sealing and moisture barrier. Growth in the market will fuel the growth of beverage containers in different packages with rising demand for soft drinks, bottled water, ready-to-drink milk and tea alternatives and alcoholic beverages. In 2018 global consumption of beverages is estimated at over 950 billion liters, with significant projected growth.
New opportunities for producers can be created through positive applications for metal cans with increased use of alcoholic and not alcoholic beverages. The growing popularity of mini canned beverages as well as carbonated soft drinks will help metal canned products retain a large share of the market. The increasing need for extended product life and low production costs has prompted players in the industry to focus on developing sustainable and sustainable packaging solutions.
Favorable government rules and guidelines concerning container recycling will further give manufacturers good business prospects. The FDA has established a number of guidelines for container re-use. For example, if the product is considered by the manufacturer to be suitable for reuse, the manufacturer may reuse the container as refillable. The overuse of containers, however, as a rechargeable threat to consumer health, could impair the growth of the market in beverage containers.
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Segmentation Outlook
Plastic is expected to see more than 4% revenue growth by 2026. The segment’s growth will be enhanced by numerous benefits compared with conventional materials, including increased safety, light weight, attractive design. Plastic should be preferred to other packaging products by beverage manufacturers, due to their reduced manufacturing costs and their easiness. However, increasing environmental safety concerns are expected to restrict the use of the product during the forecast period.
It is anticipated that by 2026 the non-alcoholic beverage packaging market will hold over 50% of revenues. This segment will be supported by increasing consumer preference for bottled water in the developed and developing regions due to increased concerns about contaminants in drinking water. The demand in the younger generation for functional drinks to add health is driving the non-alcohol market.
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Regional Stance
From 2019 to 2026, the market for Asia Pacific beverage containers will have over 4% CAGR. Improved awareness of healthy and nutritious beverages are key factors affecting the market. Increased consumption of alcoholic drinks is expected to promote industry expansion in economies such as China, India, Japan and South Korea. The trend towards the use of sustainable materials in beverage packaging is driven by growing concerns about the recyclability of disposed containers. The increasing range of beverages in the industry offers market players operating in these regions new growth opportunities.
Key Players & Strategies
Due to the existence of large market players, the global drinking container market is highly competitive. Ball Corporation, Amcor Limited, Rexam Inc., CLARCOR, Silgan Holdings, Huber Packaging Group, Owens-Illinois, and Ardagh Group have been key players in the industry. Fusions and acquisitions, product innovation and expansion of portfolios are some of the key strategies for improving their market share incorporated by industry participants. In February, for example, Ball Corporation announced its plans to build a single-line manufacturing plant in Paraguay and build the capacity of its Buenos Aires facility. This expansion has enabled the company to meet the increasing demand of beverages on the market in Paraguay, Bolivia and Argentina.
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Cannabis
Sannabis, Inc. (OTC: USPS) Announces First Shipment of Cannabis Essential Oil from Colombia to U.S. to Fill First Order, as the DEA Re-Classifies Marijuana from Schedule I to Schedule III
Humboldt
Humboldt Seed Company partners with Apollo Green to bring California cannabis genetics to the global marketplace
Apollo Green to distribute Humboldt Seed Company clonal cannabis genetics to Germany, Portugal and Australia
SAN FRANCISCO, April 30, 2024 /PRNewswire/ — Humboldt Seed Company (HSC), California’s leading cannabis seed producer, has announced a partnership with Canadian-based Apollo Green to make eight breeder cuts available to researchers, licensed commercial cultivators and home growers in legal markets worldwide. This first-to-market clonal genetics release is a significant milestone and will expand access to distinctive, high-quality cannabis genetics in both established and emerging global markets including Germany, Portugal and Australia.
The curated, breeder-verified selection includes pioneering triploid genetics, such as OG Triploid and Donutz Triploid alongside the legendary cult classic Blueberry Muffin. Also available are All Gas OG with a THC content of 21% and four high-THC strains in the 30-35% range: Golden Sands, Guzzlerz, Jelly Donutz and Orange Creampop. These selections represent the top .01% from HSC’s extensive California pheno-hunting program.
Exports will begin in May under Apollo Green’s Canadian federal cannabis license. All shipments have Canadian phytosanitary certification, ensuring plants have been inspected, and are clean and free of pests.
“Access for all to quality genetics has been our core focus since the beginning,” said HSC Co-founder and Chief Science Officer, Benjamin Lind. “Our science-based approach to breeding aligns perfectly with Apollo Green’s high standards and we are excited to be able to extend these hand-selected cuts to a wider audience, especially at this pivotal time where we’re seeing positive regulatory changes globally.”
Oisin Tierney, Apollo Green Director of Business Development, said, “California has long been recognized for setting industry standards, and we are proud to play a role in bringing these esteemed genetics to cultivators worldwide. The triploids are especially noteworthy in terms of the unprecedented potential for enhanced plant vigor, higher yields, shorter flowering times and superior returns for solventless extraction.”
About Humboldt Seed Company
Established in 2001, Humboldt Seed Company is a Northern California heritage brand providing quality cannabis genetics to commercial cultivators and home growers in legalized states across the U.S. and international markets including Spain, Canada, Jamaica, South Africa, Colombia, France, Portugal, Greece, the UK, Malta and Thailand. With a focus on environmental and social justice, they combine traditional breeding and modern scientific practices in their strain development program. They have served the cannabis community for over two decades.
For more information visit https://humboldtseedcompany.com/.
About Apollo Green
Licensed since 2019, Apollo Green is Canada’s leader in cannabis genetics. The company’s mission is to provide an ever-growing bank of seeds and clones to medical patients and recreational consumers. Apollo Green provides clean, trusted cannabis seeds and clones, which are backed by the foremost tissue culture technology to reduce risks, costs and time-to-market for licensed producers around the world. Apollo Green is passionate about cannabis genetics.
For more information visit https://apollogreen.com/.
Media contact
Jaana Prall
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