The Indian beverage packaging market is projected to showcase a CAGR of 9.3% during the forecast period (2020-2026). The key factors that drive the growth of the India beverage packaging industry include the changing consumer preferences towards sustainable packaging solutions regarding the environmental impact of the packaging materials such as plastics. There has been a ban imposed on the use of plastic by the Government of India, which challenges the manufacturers that manufacture plastic-based packaging products in the country. Nevertheless, the introduction of bioplastics and flexible packaging solutions are the factors that create a scope for the growth of the beverage packaging market in the country.
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Further, a lot of companies are operating in the Indian beverage packaging market. Besides, the global players such as Ball Corp., Mondi Plc, Smurfit Kappa Group, and others are also expanding their businesses in India. Thus, this is projected to accelerate the growth of the market over the forecast period. Additionally, these players are focussing on the development of advanced packaging solutions that enhances the shelf life as well as the quality of the product.
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- Ball Corp., Graham Packaging Co., Huhtamaki Flexible Packaging, Uflex Ltd., and others
Key questions addressed by the report
· What is the market growth rate?
· Which segment dominates the market in base year?
· Which segment will project fastest growth in the market?
· How COVID-19 impacted the market?
· Recovery Timeline
· Deviation from pre-COVID forecast
· Most affected 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 India Beverage Packaging Market is Available at: https://www.omrglobal.com/industry-reports/india-beverage-packaging-market
India 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.)
