Beverage manufacturers are increasingly focusing on offering better product with the packaging that is easy-to-handle, eco-friendly and keeps product fresh for a long time. Packaging innovation is becoming norm for beverage companies with smaller package size, situational package types, and multi-packs.
See-through packaging is gaining popularity as manufacturers are producing beverages that are visually appealing, that attracts consumer towards the brand. Recyclable aluminum cans and PET bottles for packaging beverages have been the popular packaging choice of manufacturers for quite long time. Meanwhile, plant-based material for producing beverage packages are also becoming popular among the beverage manufacturers.
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Consumer are also looking for less complicated materials and patterns when it comes to package design. With the rapid rise in e-commerce, manufacturers are focusing on providing safe packaging and spill-proof packaging for beverages. Growing demand for beverages also drives the adoption of automated packaging machinery that are energy efficient. In addition, the consumer preference for aesthetically appealing and attractively designed & labeled beverage packaging is surging across the globe.
A recent report collated by Transparency Market Research (TMR) projects the global market for consumer beverage packaging to witness a steady growth. The market is likely to record 5.4% CAGR, in terms of value, between the period 2017 and 2026. Over 65,000,000 tons of consumer beverage packaging are estimated to sold around the world by 2026-end.
North America to Remain Most Lucrative Market for Consumer Beverage Packaging
North America is expected to remain the fastest expanding as well as the most lucrative market for consumer beverage packaging, in terms of value. This is mainly because of robust demand for consumer beverages in the region, along with growing penetration of automation in the beverage packaging industry. However, in terms of volume, sales in Asia-Pacific excluding Japan (APEJ) and North America are projected to register a parallel rise through 2026. APEJ will also remain a key remunerative region for the consumer beverage packaging market, mainly driven by factors such as the emergence of brewing industry, and surging demand for alcoholic beverages in countries such as India and China.
Recommendations and analysis of TMR on the global consumer beverage packaging market is an additional benefit offered by the report. An executive summary of the market is delivered in the report’s first chapter, which incorporates insights and forecasts on all the market segments included. Market number such as CAGRs, and revenues for the historical (2012-2016) & forecast (2017-2026) period have been rendered in this chapter.
An overview of the global Consumer beverage packaging market has been provided following the executive summary. The overview imparts an incisive introduction of the market, with a formal definition of “consumer beverage packaging” trailing the market introduction. This chapter comprises intelligence related to the market viewpoint of consumer beverage packaging, along with macroeconomic factors influencing the market expansion. This chapter clearly portrays the global Consumer beverage packaging market’s wide scope to the report readers.
The report has engulfed a chapter on the global consumer beverage packaging market’s competitive landscape, which provides detailed analysis and insights on companies offering consumer beverage packaging. Profiles of key companies, along with a strategic overview of their M&A and expansion plans across geographies, have been delivered in this chapter. This chapter is priceless for report readers, as its enables them in gauging their growth potential in the market and implement key strategies for extending their market reach.
This chapter offers key recommendations for both new and existing market participants, enabling them to emerge sustainably and profitably. Intelligence on the market players has been delivered on the basis of their product overview, SWOT analysis, key developments, key financials and company overview. Occupancy of these market participants has been tracked by the report and portrayed via an intensity map.