The beverage packaging market was valued at 132.1 billion USD in 2020 and is projected to reach 2053 billion USD by 2026, at a CAGR of 6% during the forecast period 2021-2027. Extensive beverage consumption. The variety of beverages packaged in different ingredients and sizes reflects the size of the market. Also, as it is a consumer goods market, the demand for it is growing significantly. The main drivers for this are increasing disposable income, urbanization and changing lifestyles.
A full report of Beverage Packaging Market available at: https://www.orionmarketreports.com/beverage-packaging-market/25257/
Beverage manufacturers are focusing on offering a better product with the packaging that is easy-to-handle, eco-friendly, and keeps the product fresh for a long time. Packaging innovation is becoming a norm for beverage companies with smaller package size, situational package types, and multi-packs.
Beverage Packaging Market- Segmentation
By Material Type
• Plastic
• Metal
• Glass
• Paperboard
By Product Type
• Bottles
• Cans
• Pouches
• Cartons
• Beer Kegs
By Application
• Carbonated Drinks
• Alcoholic Beverages
• Bottled Water
• Milk
• Fruit and Vegetable Juices
• Energy Drinks
• Plant-based Drinks (Emerging Market)
• Other Applications
Major Players
• Amcor PLC
• Tetra Laval International SA
• Mondi PLC
• RPC Group PLC
• Ardagh Group.
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