The US beverage packaging market is projected to grow at a CAGR of 5.3% during the forecast period. The key factors that drive the market growth include the rising demand for premium products from the young population. The US has the highest population in the North American region with around 327 million in 2018 and more than 81% of the population is above 15 years, as per WHO. The introduction of ready to drink beverages has been catering to the growing number of consumers. Growing concerns regarding obesity and other diseases are further reshaping the overall beverages market with the consumers’ increasing shift towards the diet-based drinks and several protein shakes. Thus, this growth in the beverage business is likely to encourage market growth over the forecast period.
The US beverage packaging market is segmented on the basis of material, product, and beverage. Based on the material, the market is sectioned into glass, plastic, paper, and metal. Plastic is estimated to exhibit significant growth during the forecast period. Based on the product, the market is segmented into bottles & jars, cans, pouches, cartons, and others. The bottles & jars segment is estimated to contribute a prominent share in the market. Based on the beverage, the market is segmented into non-alcoholic beverages (such as water, juices, energy drinks, carbonated drinks, and dairy beverages) and alcoholic beverages. Non-alcoholic beverage tends to contribute a significant share in the market.
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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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Company Profiles
· Amcor Plc
· Overview
· Amcor Plc in Beverage Packaging Landscape
· Recent Developments
· Ardagh Group SA
· Ball Corp.
· Berry Global, Inc.
· Crown Holdings Inc.
· IntraPac International LLC
· Mondi Group Plc
· Owens-Illinois, Inc.
· Silgan Containers LLC
· Smurfit Kappa Group
· Sonoco Products Co.
· WestRock Co.
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