IMARC Group’s latest report, titled “Beverage Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the global beverage packaging market report. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global beverage packaging market size reached US$ 157.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 224.0 Billion by 2028, exhibiting a growth rate (CAGR) of 5.8% during 2023-2028.
Beverage Packaging Market Overview:
Beverage packaging is an important part that comprises storing, preserving, and transporting beverages to their desired location without affecting their quality. This includes packaging beverages in cans, bottles, and pouches that are manufactured using paperboard, metal, plastic, and glass to prevent spillage and retain the taste and quality of drinks. This offers convenience to the consumer and extends the beverage shelf life. Additionally, it aids in providing easy portability and protecting the content against moisture and heat while retaining the aroma and nutrients. The growing demand for convenient beverage packaging solutions majorly drives the global market.
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Competitive Landscape with Key Players:
The competitive landscape of the industry has also been examined along with the profiles of the key players being
Beverage Packaging Market Trends:
The global market is primarily driven by significant growth in the food and beverage industry. Coupled with the rising demand for the preservation of nutritional content and flavor and enhanced oxygen barrier is impacting the market growth favorably. With the shifting preference towards instant and convenient ready-to-drink beverages, such as tea, flavored drinks, and coffee, this is providing a boost to the demand for beverage packaging across the globe.
Furthermore, numerous leading players are heavily investing in the deployment of biodegradable and renewable raw materials in beverage packaging, which is acting as another growth-inducing factor. Some other factors driving the market further include easy availability of diversified variants of beverages and the widespread integration of advanced technologies with the production processes.
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Key Market Segmentation:
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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