A recent report on Beverage Packaging Market provides a detailed analysis on the industry size, revenue forecasts and geographical landscape pertaining to this business space. Additionally, the report highlights primary obstacles and latest growth trends accepted by key players that form a part of the competitive spectrum of this business.
Beverage Packaging Market is valued at USD 116037.3 Million in 2018 and expected to reach USD 154764.7 Million by 2025 with a CAGR of 4.20 % over the forecast period.
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Increasing consumption of Beverage coupled with surging demand for convenient and sustainable packaging solutions is the key factor driving the growth of Beverage packaging market.
Beverage Packaging Market Key Players –
Key Players of Beverage Packaging Market are like Amcor Limited, Bemis Company, Inc., Mondi PLC, Tetra Laval International SA, RPC Group PLC, Alcoa Inc., Westpack, Rexam Inc., Reynolds Group Holdings, Sonoco Products Company, Crown Holdings Incorporated, Ardagh Group, Saint-Gobain S.A, Stora Enso Oyj, Owens-Illinois, Inc., Rexam PLC, Ball Corporation and others
Beverage packaging market report published by the Brandessence Market Research and Consulting Pvt. Ltd. provides the detail information about Beverage Packaging market from various aspects. This report consists of drivers, challenges and opportunities which help the market to grow over the analysis period and recent trends which supports the growth of market. This report consists of regional segmentation with product type and applications.
Market Segmentation –
By Product: - Can, Bottle & Jars, Pouch, Carton, Others
By Applications: Alcoholic, Non-Alcoholic, Dairy Product
Increasing demand for premium products, rising consumption of Beverage and growing demand for sustainable and convenient packaging are anticipated to drive the growth of global beverage packaging market. The global beverage packaging market is expected to witness the decent growth due to the enormous demand for functional drinks. Additionally, growing middle class population, rapid urbanization and increasing lifestyle changes are also expected to propel expansion in the global beverage packaging market. However, strict environmental regulations are one of the major restraining factors for beverage packaging market. In spite of that, several key players are investing in technological advancements to be competitive in market and also find new opportunities from related to product.
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