Our latest research report entitled Beverage Packaging Market (by types (can, bottle, pouch, carton, and others), materials (plastic, glass, metal, paperboard, and others), applications (alcoholic, non-alcoholic, and dairy)) provides complete and deep insights into the market dynamics and growth of Beverage Packaging.
The latest information on market risks, industry chain structure Beverage Packaging cost structure, and opportunities are offered in this report. The past, present, and forecast market information will lead to investment feasibility by studying the essential Beverage Packaging growth factors.
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Expanding the Importance of Preserving the Quality of the Content is expected to Ample the Growth
Beverage Packaging allows the beverages to remain intact for a longer duration without getting spoiled or contaminated. There are various types of material are preferred for beverage packaging which include flexible plastics, rigid plastics, paper & board, rigid metal, and glass. Plastic packaging is preferred in the beverage industry due to its benefits such as low manufacturing cost, lightweight, and easy to carry.
The beverage packaging market has been driven by the growing consumption of beverages especially alcoholic beverages, fruit juices, and water bottles. Moreover, the high demand for sustainable and convenient packaging solutions is another factor that escalates the growth of the beverage packaging market.
Additionally, expanding the importance of preserving the quality of the content is expected to ample the growth of the beverage packaging market. Also, the growing adoption of bag-in-box and stand-up pouches packaging for beverages along with growing demand from end-user industries spur the growth of the market.
Furthermore, the personalization of the beverage packaging is becoming more important as companies try to attract customers with aesthetic and functional designs. Smaller size packs and multi-packs meant for individual consumers are expected to spur the growth of the market in the near future. An increase in demand for convenience beverage products presents an opportunity for the manufacturers.
Moreover, development in robotics, installation of automated vending machines, process automation creates growth opportunities for the beverage packaging market in the coming years. Eco-friendly recyclable materials based beverage packaging is expected to gain prominence in the near future as major beverage manufacturers are showing their intent to adopt them.
The Asia Pacific Dominated the Global Beverages Packaging Market
Among the geographies, Asia Pacific dominated the global beverage packaging market. China is the largest beer consumer in the world and the demand for container glass in China is 37% of the world.
Rising population as well as disposable income, changing lifestyles, increasing alcoholic drinks consumption and westernization are some of the factors that drive the growth of the beverages packaging market in the Asia Pacific region. At the same time, growing health awareness and more concern towards carbon footprint, lead to improvements in beverage packaging in this region. On the other hand, North America is expected to be a lucrative market for beverage packaging.
This is due to increasing penetration of automation in the beverage packaging industry and presence robust manufacturing industries such as Tyson Foods Inc., PepsiCo Inc., Nestle, Anheuser-Busch InBev, Coca Cola Company and Kraft Heinz Co in The U.S. is likely to bolster the growth of the regional market during the forecast period.
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Report on the Global Beverage Packaging Market Covers Segments Such As Types, Materials, and Applications
On the basis of types, the sub-markets include can, bottle, pouch, carton, and others. On the basis of materials, the sub-markets include plastic, glass, metal, paperboard, and others. On the basis of applications, the sub-markets include alcoholic, non-alcoholic, and dairy.
The report provides profiles of the companies in the market such as Alcoa Corporation, Amcor Limited, Ball Corporation, Crown Holdings, Inc., Mondi Group, Owens-Illinois Inc., Rexam Ltd., Reynolds Group Holdings Limited, Compagnie de Saint-Gobain S.A., Stora Enso Oyj, and Tetra Laval International S.A.
Browse Detailed TOC, Description, and Companies Mentioned in Report @ https://www.infiniumglobalresearch.com/food-beverage/global-beverage-packaging-market
Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Beverage Packaging.
- Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market.
- The company profile includes analysis of product portfolio, revenue, SWOT analysis, and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand, and/or diversify.