The Asia-Pacific beverage packaging market is projected to showcase a CAGR of 8.1% during the forecast period (2020-2026). The key factors that drive the growth of the Asia-Pacific beverage packaging industry include the presence of a huge customer base and the fast-growing economies. There has been a significant rise in beverage consumption across the economies owing to the rapidly changing trends as well as urbanization.
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Besides, the adoption of sustainable packaging solutions provides several benefits including disposability, ease of use, and better user experience, which have led to the growth in demand for sustainable packaging solutions in the market. Further, the introduction of new and innovative products by the key manufacturers enhancing brand visibility also contributes to the growth of the Asia-Pacific beverage packaging market.
Further, some of the factors that hinder the growth of the market in the region include the stringent regulations imposed by the government concerning environmental safety. This has limited the use of some packaging materials in the industry, thereby, challenging the growth of the market over the forecast period. Nevertheless, manufacturers are increasingly adopting sustainable packaging concerning environmental harm across the region, owing to the increased pressure from the government and several private organizations. Thus, the advent of sustainable packaging options is likely to create a wide scope for the growth of the Asia-Pacific beverage packaging market over the forecast period.
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A full Report of Asia-Pacific Beverage Packaging Market is Available at: https://www.omrglobal.com/industry-reports/asia-pacific-beverage-packaging-market
Market Coverage
- The market number available for – 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segment Covered- By Material, By Product, By Beverage
- Competitive Landscape- Amcor Plc, Ball Corp., Berry Global, Inc., Crown Holdings Inc., Gerresheimer AG, and Mondi Group Plc
Asia-Pacific Beverage Packaging Market – Segmentation
By Material
- Glass
- Plastic
- Paper
- Metal
By Product
- Bottles & Jars
- Cans
- Pouches
- Cartons
- Others
By Beverage
- Non-Alcoholic Beverages
- Alcoholic Beverages
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
