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