Global beverage packaging market is projected to grow at a CAGR of 5.7% over the forecast period. The key factors that influence the growth of the global beverage packaging market include the surging demand for convenience as well as sustainable packaging solutions amongst the consumers. Continuous changes in the consumer’s preferences encourage the beverage packaging manufacturers to develop innovative and advanced packaging that not only attracts the customer but also keeps the product safe from contamination. Advanced packaging solutions enhance the strength, provides better insulation from heat, provides aroma preservation, and a strong barrier against the moisture.
Further, with the increasing population of millennials and on the go consumers, there has been a substantial rise in the adoption of packaged food and beverage items. Apart from this, the key manufacturers are also developing active and intelligent packaging solutions. There has also been an upsurge in the demand for small packages such as cans and pouches owing to the easy handling. Besides, the incline towards the premium packaged products supported by the rising disposable incomes is also positively affecting the growth of the global beverage packaging market.
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Global Beverage Packaging Market – Segmentation
By Material
- Glass
- Plastic
- Paper
- Metal
By Product
- Bottles & Jars
- Cans
- Pouches
- Cartons
- Others
By Beverage
- Non-Alcoholic Beverages
- Alcoholic Beverages
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