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Global Drinks Packaging Market
Drinks Packaging Market to experience an Upward Trend with the Adoption of Advanced Packaging Solutions by 2028
PUNE, MAHARASHTRA, INDIA, August 8, 2022 /EINPresswire.com / -- Data Bridge Market Research analyses that the Global Drinks Packaging Market will project a CAGR of 5.43% for the forecast period of 2021-2028. Rising demand and consumption of alcoholic beverages, increased consumption of ready to drink beverages and ever-rising population coupled with increasing personal disposable income are the factors driving the growth of drinks packaging market .
Drinks Packaging Market is used for a wide range of products such as bottled water, beer, coffee, soft drinks, dairy products, energy drinks, juice, sports drinks, tea, and wine & spirits. Various shapes of packaging are used for the packaging of beverages as per customer needs and applications.
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Global drinks packaging market is segmented on the basis of material, packaging type and application. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
On the basis of material, the drinks packaging market is segmented into glass, plastics, metal, paperboard and others.
On the basis of packaging type, the drinks packaging market is segmented into box, bottle, cartons, cans, pouch, jars and others.
Based on application, the drinks packaging market is segmented into carbonated drinks, alcoholic beverages, bottled water, milk, fruit and vegetable juices, energy drinks, plant-based drinks and other applications.
Rising demand for bottled water owing to increasing travel and tourism is driving the growth in its market value. Growing demand for sustainable and convenient packaging solution will further expand the demand for drinks packaging solutions globally. Rising technological advancements in the packaging solutions technology and functionality designs will further induce growth in the demand for drinks packaging. Increasing usage of stand-up pouches and bag-in-box packaging solutions for both alcoholic and non-alcoholic beverages will indirectly promote the market growth rate. Growth and expansion of beverages industry globally is another important factor propelling growth in the demand for drinks packaging solutions.
However, stringent regulations imposed on the disposal of plastics in regards to rising environmental concerns will create hindrances in of drinks packaging market growth. Fluctuations or volatility in the prices of raw materials will again challenge the drinks packaging market growth rate.
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Let's take a look at some of the different types of packaging options you can use to enhance your product & customer experience!
Paperboard boxes. Paperboard is a paper-based material that is lightweight, yet strong.
Foil sealed bags.
Competitive Landscape and Drinks Packaging Market Share Analysis
The drinks packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to drinks packaging market.
The major players covered in the drinks packaging market report Amcor plc, 3M, DuPont., Tetra Laval International S.A., Mondi, Berry Global Inc., Ardagh Group S.A., Bemis Manufacturing Company, Graham Packaging Company., Crown, AptarGroup, Inc., O-I, BALL CORPORATION, CANPACK, CKS Packaging, Inc., Refresco Group, Sonoco Products Company, ProAmpac., Toyo Seikan Group Holdings, Ltd. and Alcoa Corporation among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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