North America’s beverage packaging market is projected to showcase a moderate CAGR of 5.7% during the forecast period (2020-2026). The key factors that drive the growth of the North American beverage packaging industry include the increased adoption of beverages, for instance, coffee and sports drinks. Caffeine is consumed in a significant amount in their daily intake among the population in the region. Whereas sports drinks are also being popular and consumed especially among the millennials. Besides, low-calorie energy and sugar-free drinks are also in the trends in the region, as there are a lot of people suffering from diabetes. Thus, this is likely to drive the North American beverage packaging market growth in the region.
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Further, the robust manufacturing base in the region is also driving the growth of the market in the region; and the beverage manufacturing brands operating in the region including The Coca – Cola Co., Red Bull, Monster, Rockstar, Amp among others are continuously introducing new flavors and health-boosting ingredients in order to attract consumers. Besides, these companies have also shifted from packing their products in sustainable packaging products to contain environmental harm. Thus, this led the beverage packaging manufacturing players to introduce innovative and advanced products, thereby contributes to the growth of the North American beverage packaging industry growth.
Market Coverage
· The market number available for – 2019-2026
· Base year- 2019
· Forecast period- 2020-2026
· Segment Covered- By Material Type, By Product Type, By Beverage Type
· Competitive Landscape- Amcor Plc, Ball Corp., Berry Global, Inc., Crown Holdings Inc., Mondi Plc, Smurfit Kappa Group, and Sonoco Products Co.
Key questions addressed by the report
· What is the market growth rate?
· Which segment dominates the market in the base year?
· Which segment 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 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 North America Beverage Packaging Market is Available at: https://www.omrglobal.com/industry-reports/north-america-beverage-packaging-market
North America 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.)
