Global Beer Packaging Market: Overview
Beer has become one of the most common method to have a good time. Be it any occasion of just a friendly gathering with friends, a bottle of beer is all you need to just enjoy the time. Owing to the growing consumption of beer in formal and informal gatherings, the global beer packaging market is experiencing a major boost in the forecast period of 2018 to 2026. The marketing is also experiencing the growth globally due to the changing lifestyle of people in many countries. Also, rising demand for variety in size and flavor of the beer, the global beer packaging market is experiencing a robust growth in the coming years.
A report by Transparency Market Research encapsulates various parameters that are influencing the growth of global beer packaging market. It shares insightful information on various facets such as key drivers, major developments, regional dominance, and current trend of the market.
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Global Beer Packaging Market: Notable Development
The global beer packaging market is highly competitive as a result of presence of many international and regional manufacturers. As per various studies, the market appears largely fragmented among the vendors that are competing in terms of capacity, size, price, volume, technological innovations, and product quality. In order to gain competitive over the rivals, the players are adopting strategies such as mergers, collaborations, and partnerships. Few manufacturers are acquiring various small and medium scale businesses in order to enhance their market presence across various regions around the globe.
- In April 2018, Signode Industrial Group Holdings (Bermuda) Ltd, was acquired by Crown Holdings Inc. The acquisition allowed the Crown Holdings to mark its presence in beer packaging market of the U.S. along with a major production capacity enhancement.
- In September 2018, Carlsberg launched its new Snap Pack, aiming to reduce the plastic waste which is approximately 1200 tonnes per year. The Snap Pack is designed to replace plastic wrapping that was traditionally used to wrap Carlsberg’s six packs.
Some of the prominent players of global beer packaging market are Ball Corporation, Ardagh Group S.A, and Amcor Limited.
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Global Beer Packaging Market: Key Drivers
The Beer packaging market is directly associated with manufacturing industry. Over the period of time, the changing lifestyle has raised the beer consumption in various part of world. This is allowing beer manufacturers to pace up their production and sales in order to cater this rising demand. Owing to this hiked demand of beer across the globe, the beer packaging market is experiencing a major growth in the forecast period. Secondly, the availability of various options in terms of size, taste, and volume has grown exponentially over the period of time. This in results provides a wide range of options to the beer fans across the globe. Due to these large options, the beer industry is progressing gradually over the period of time, thereby driving the growth of global beer packaging market in the forecast period.
The rising consumption of craft beer among people across the globe is also one of the prominent reason that is promoting the growth of global beer packaging market.
Global Beer Packaging Market: Regional Analysis
Geographically, Asia Pacific is likely to witness the highest growth in the beer packaging market. The growth in the region is primarily driven by the changing culture, adoption of western lifestyle, expanding population, and growing urbanization in the region. The rising popularity of the beer in the region over the period of time is also one of the primary reason that is accelerating the growth of beer packaging market in the region.
Furthermore, a significant growth of the working population in the region and growth in the disposable income is also expected to aid the growth of beer packaging market in Asia Pacific.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.