(Entertainment-NewsWire.com, June 01, 2018 ) Market Data Forecast has announced the addition of the “Beverage Packaging Market by Type (Bottle, Can, Pouch, Carton), Material (Glass, Plastic, Metal, Paperboard), Application (Alcoholic, Non-Alcoholic, Dairy), and by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)" report to their offering. The Global Beverage Packaging Market was priced USD 113 billion in 2016 and calculable to be growing at a CAGR of 4.29 %, to achieve USD 139.41 billion by 2021, within the mentioned forecast period.
Packaging is an essential part of food & beverages trade. Packaging not only helps in protecting the food products from deteriorating because of the external weather but also helps in making a communication with the audience. Packaging is done with varied materials that consist of paperboard, glass, plastic, and metal. Packaging will increase the life time of the product and also useful for transportation and easy storage. With strict government laws for environmental safety, that has placed restrictions on the production and disposal of artificial polymers like plastic. So, beverage producing corporations are focusing on innovative packaging solutions to create it more convenient to the customers. The consumption of beverage is on the rise across all the developing economies.
The Global beverage Packaging Market is principally driven by factors like extending the time period of the product, easy access, dynamic customer shopping behaviour, disposable nature, nowadays the beverage packaging market is also using as a marketing tool because of the increasing customer preferences for product information and convenience, rapid increase in population, easy transportation.
However, ban of artificial materials using in the packaging solutions, lay value pressures on makers, environmental issues over plastic’s re-use, plastic will be a big contribution to the increasing pollution levels, usage of glass and metal are economically high-priced than plastic are impeding the growth of the beverage packaging market.
The fragmentation of Global beverage packaging market is done on the basis of material, type and application. On the idea of material, the Global beverage packaging market is bifurcated into Metal, Glass, Paperboard, and Plastic. On the origin of type, the market is classified as Pouch, Bottle, Carton, Can. Based on Application; the beverage packaging market is subdivided into Alcoholic, Non-Alcoholic and Dairy products. Plastic packaging accounted for the best revenue of the overall market and is projected to witness high rate throughout the forecast period.
Regional Overview On the theory of geographical analysis, the worldwide beverage packaging market is classified into varied regions namely Middle East, North America, Europe, Latin America, and Asia-Pacific, Africa. The beverage packaging market was dominated by Asia-Pacific, with the general market share of roughly 30 minutes globally. Asia-Pacific was followed by Europe and North America. The Asia Pacific is expected to grow at a fast pace within the returning few years.
Some of the major companies dominating the Global beverage packaging market are Ball Corporation, Alcoa Inc, Saint-Gobain S.A., Owens-Illinois, Inc, Tetra Laval International S.A., Reynolds Group Holdings Limited, Stora Enso Oyj, Mondi PLCAmcor Limited, Rexam PLC, Crown Holdings, Inc.
Scope of the report The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated. The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
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