Beverage Packaging Market Size , Share , Trends , Analysis and Forecasts To 2021
Market Research analysts forecast the global beverage packaging market to grow at a CAGR of 5.15 % during the period 2017-2021 .
According to the report , the global beer packaging market will grow moderately during the forecast period . The major contributors to the beer packaging market are China , Germany , and the US . There will be a robust increase in beer consumption in countries in South America and Asia , especially in Brazil , China , and India . One of the major reasons for the growth of the market is the introduction of lightweight beer bottles , which are cost-effective and environment-friendly .
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Further , the report states that government regulations on environmental protection and emphasis on reducing energy costs compel the manufacturers to develop machinery as per the new standards and regulations . Companies focus on reducing the emission of greenhouse gases and differentiating their products from those of their competitors . Food manufacturers emphasize on sustainable packaging to reduce the consumption of packaging material and increase the shelf life of the packaged products .
About Beverage Packaging
Beverage packaging provides product support , external environment protection , and tampering resistance to beverages . Beverage packaging aids in reliable distribution of beverages among the value chain and reduces post production damage . Primary packaging is an important part of the marketing mix as it has a strong impact on the buying decision of the consumers .
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Covered in this report
The report covers the present scenario and the growth prospects of the global beverage packaging market for 2017-2021 . To calculate the market size , the report considers the revenue generated from sale of beverage packaging products made from : Plastic Glass Metal