US Beverage Containers Industry Worth 265 billion units by 2017
Dallas, TX (PRWEB) September 28, 2013
US demand to rise 1.7% annually through 2017
US demand for beverage containers will increase 1.7 percent annually through 2017 to 265 billion units, driven by ongoing consumer preference for single serving containers in many markets, greater interest in alternatives to carbonated soft drinks, and a proliferation of new product introductions accompanied by aggressive marketing campaigns. In addition, favorable demographic trends, such as healthy gains among the elderly, will boost demand for certain beverages (e.g., wine) and related containers.
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Plastic containers to remain largest, fastest growing type
Plastic containers will remain both the largest and fastest growing segment through 2017, with gains driven by good prospects for polyethylene terephthalate (PET) containers in the ready-to-drink (RTD) tea, sports drink and other noncarbonated RTD beverage markets. In addition, plastic containers will benefit from solid growth in the bottled water market, although increasing maturity and environmental concerns related to the volume of PET bottles in landfills will hold back advances. In general, demand for plastic beverage containers will be supported by their light weight, reseal ability, shatter resistance and portability, attributes which have made plastic containers favored for on-the-go consumption.
Demand for metal beverage containers will post nominal gains, a recovery from the slight declines of the 2007-2012 period. Gains will be aided by further inroads by cans in the craft beer market, where mobile canning lines and other innovations have made cans a more feasible packaging option. In addition, metal container sales will benefit from continued healthy expansion of the energy drink market and product innovations such as vented and shaped cans. Glass beverage container demand is forecast to post modest growth through 2017 as an improving economy spurs more consumers to opt for more costly bottled beer rather than canned alternatives. Paperboard beverage container demand is expected to fall as a result of continued sup plantation by plastic containers in certain key markets like milk.
Soft drinks to continue as leading market
Carbonated soft drinks will remain the largest beverage container market, though virtually flat growth is expected as a result of ongoing concerns about the link between soft drinks and such health problems as obesity and diabetes. Bottled water, the second largest beverage container market, will see solid gains based on water’s healthful profile. Markets such as RTD tea, sports drinks and other nonalcoholic RTD beverages will see rapid gains due to robust expansion of the energy drink market and increasing consumer preference for healthier soft drink alternatives.
Profiles 34 competitors in the US industry such as Amcor, Ball, Crown Holdings, Owens-Illinois and Rexam.
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