The global beverage packaging market to grow at a CAGR of 5.15% during the period 2017-2021.
Global Beverage Packaging Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One of the major trends in the global food and beverage packaging industry is the emphasis on lightweight packages. Lightweight packaging materials allow vendors to reduce the cost of transportation.
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.
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.
To calculate the market size, the report considers the revenue generated from sale of beverage packaging products made from:
- Other materials (paperboard and flexible packaging materials)
- Crown Holdings
Other prominent vendors
- Allied Glass Containers
- Ardagh Group
- CCL Industries
- CKS Packaging
- DS Smith
- Evergreen Packaging
- International Paper
- Mondi Group
- Parksons Packaging
- Plastipak Packaging
- Silgan Holdings
For more information about this report visit http://www.researchandmarkets.com/research/mfhjtj/global_beverage