In a recent published report, Kenneth Research has updated the market report for U.S. Beverages Containers Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for U.S. Beverages Containers Market products.
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The U.S. Beverages Containers Market was totalled 275 billion units by 2017, growing with 1.9% CAGR during the forecast period, 2018-2025
The beverage industry has benefited from a healthy pace of new product introductions combined with a shift to smaller sized containers in many markets. In particular, the rapid growth of the bottled water market and increasing demand for smaller containers for carbonated soft drinks (CSDs) and other non-alcoholic ready-to-drink (RTD) beverages have significantly stimulated the number of containers used in the country.
One of the standout aspects of this report is its supply and demand analysis of the global beverage container market. Right from the point of origin to end user purchase, this analysis helps readers to gain deep insights into the complete journey of products sold in the U.S. market. The researchers have analyzed the market at global, regional, and country levels to help with a complete understanding of key growth factors and market trends in the U.S.
In terms of material, the market is categorized as;
Of these, plastic material segment was the dominant beverage container material in 2017. This segment is also anticipated to grow with the fastest growth rate in future, taking substantial share away from metal, glass and paperboard containers in most markets. It is noted that the average plastic container size will continue to fall as a result of consumer preferences for single-serving PET bottles in such markets as bottled water and soft drinks, and continuing inroads by small bottles into the milk and fruit beverage markets.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Metal beverage container demand is projected to see only minimal gains year on year. Although increases are small, they represent a slight recovery from the lack of growth over the study period due to strong inroads by cans in the craft beer market.
Carbonated Soft Drinks
Non-alcoholic beverage container demand is projected to increase more rapidly compared to the alcoholic beverage container demand as a result of good prospects for containers used to package RTD tea, other RTD beverages, sports drinks, and bottled still and enhanced water. In general, many of these non-alcoholic beverage markets will see increases due to their positive nutritional profiles.
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Key Vendors Takeaway
Reynolds Group Holdings
The Coca-Cola Company
Competition from imported containers is minimal in most segments as a result of the high costs involved in transporting empty containers. The US’ main trading partners in beverage containers are Canada and Mexico due to their geographic proximity. Since these countries share a border with the US, shipping costs to and from these countries are much lower than for more distant parts of the world. The most successful players in the beverage container industry have been able to thrive due to a number of factors, including forming close relationships with major beverage suppliers, serving a broad range of beverage markets, and expanding their operations through strategic acquisitions.
The market size and forecast for each segment and sub-segments has been considered as below:
Historical Year – 2014 & 2016
Base Year – 2017
Estimated Year – 2018
Projected Year – 2025
Traders, Distributors, and Suppliers
Government and Regional Agencies
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY MATERIAL
MARKET, BY END USE
Carbonated Soft Drinks
About Kenneth Research
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
Name: Kenneth research
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