The increasing awareness of environmental safety among consumers and the rising adoption of eco-friendly products provide manufacturers of beverage packing products with immense opportunities.
1.The COVID-19 pandemic has had both positive and negative impacts on the Beverage Packaging Market.
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There is growing demand for customized packaging. Industries are increasingly adopting customized packaging solutions to meet specific product requirements and enhance brand differentiation. Customization offers benefits such as improved product presentation, better shelf visibility, and enhanced consumer engagement. The healthcare industry’s growth, driven by an aging population, advances in medical technology, and increasing healthcare spending, has contributed to the demand for specialized packaging solutions for pharmaceuticals, medical devices, and healthcare products.
2.Improvement in lifestyles of the population has boosted the consumption of packaged beverages.
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The increasing per capita incomes and declining quality of tap water mainly in urban areas is leading to the growth in consumption of bottled water or packaged water globally. The bottled water market is one of the fastest growing markets and thereby, propels the growth of packaging required for manufacturing of bottled water. Furthermore, increased adoption of automation in the packaged beverage manufacturing process has improved the quality of manufacturing and decreased the production times. These factors lead to overall growth of the beverage packaging market.
3.High cost of sustainable packaging in Global Beverage Packaging Market.
Consumers demand sustainable solutions for beverage packaging, keeping in view health and environmental issues linked with the use of synthetic polymers. Beverage packaging companies try to ensure the quality and safety of products with their available resources, but the sustainability factor increases the overall cost of production and thus, affects the overall profitability. The increasing cost of final packaging might affect sales. Therefore, this two-way challenge pressurizes companies to find a middle path that balances various dimensions of sustainability and cost management.
Major Players Mentioned in the Report
- Amcor Group GmbH
- O-I Glass, Inc.
- Crown Holdings, Inc
- Ardagh Group
- Verallia SA
- Tetra Pak Group
- Ball Corporation
- Vidrala S.A.
- Toyo Seikan Group Holdings, Ltd.
- CPMC Holdings Limited
Key Target Audience :-
- Packaging Machinery Manufacturers
- Packaging Machinery Investors
- Packaging Machinery Providers
- Packaging Machinery Suppliers
- Packaging Machinery Components Suppliers
- Allied Industries of Packaging Machinery
- Government Ministries and Departments of Engineering Industry
- Packaging Machinery Research and Development Companies
- Potential Entrants into Packaging Machinery Industry
Time Period Captured in the Report:-
- Historical Period: 2017-2022
- Base Period: 2022
- Forecast Period: 2022-2027
For more insights on the market intelligence, refer to below link:-
Global Beverage Packaging Industry
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