Market Share of Beverage Container Industry
The Beverage Container market is highly competitive, considering the fragmented nature of the market. Therefore, the buyers of the market(beverage companies) have higher bargaining power. With changing consumer and government expectations, buyers are likely to switch packaging suppliers accordingly. Container manufacturers adjust their production capacities and switch to other material containers to keep up with the changing demand. Some of the recent developments in the market are:
- In February 2020 - Amcor announced its latest and custom designs at the Wine and Grape Symposium, North America. The company also announced a collaboration with Garçon Wines, a British start-up. Through this collaboration, Amcor will produce flat wine bottles made with post-consumer recycled (PCR) PET plastic in the United States.
- In January 2020 - Ardagh Group, Glass - North America, a business unit of the Ardagh Group SA and the largest domestic manufacturer of glass bottles for the US wine market, introduced six new sophisticated glass wine bottle designs.
Beverage Container Market Leaders
Amcor Limited
Tetra Pak International S.A.
Crown Holdings Incorporated
Mondi Group
Piramal Enterprises
*Disclaimer: Major Players sorted in no particular order
