The global beverage packaging market is projected to grow at a CAGR of 5.7% over the forecast period. The key factors that influence the growth of the global beverage packaging market include the surging demand for convenience as well as sustainable packaging solutions amongst the consumers. Continuous changes in the consumer’s preferences encourage the beverage packaging manufacturers to develop innovative and advanced packaging that not only attracts the customer but also keeps the product safe from contamination. Advanced packaging solutions enhance the strength, provides better insulation from heat, provides aroma preservation, and a strong barrier against the moisture.
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Further, with the increasing population of millennials and on the go consumers, there has been a substantial rise in the adoption of packaged food and beverage items. Apart from this, the key manufacturers are also developing active and intelligent packaging solutions. There has also been an upsurge in the demand for small packages such as cans and pouches owing to the easy handling. Besides, the incline towards the premium packaged products supported by the rising disposable incomes is also positively affecting the growth of the global beverage packaging market.
Market Coverage
· The market numbers available for – 2019-2026
· Base year- 2019
· Forecast period- 2020-2026
· Segment Covered- By Material, By Product, By Beverage
· Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
· Competitive Landscape- Ball Corp., Berry Global, Inc., Mondi Group Plc, Smurfit Kappa Group, Sonoco Products Co., and Stora Enso Oyj
Key questions addressed by the report
· What is the market growth rate?
· Which segment/region dominates the market in the base year?
· Which segment/region will project the fastest growth in the market?
· How COVID-19 impacted the market?
· Recovery Timeline
· Deviation from the pre-COVID-19 forecast
· Most affected region/segment
· Who is the leader in the market?
· How players are addressing challenges to sustain growth?
· Where is the investment opportunity?
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A full Report of Global Beverage Packaging Market is Available at: https://www.omrglobal.com/industry-reports/beverage-packaging-market
Global 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.)
