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Market Size u2013 USD 125.3 Billion in 2019, Market Growth - CAGR of 6.6%, Market Trends u2013 Increasing demand in preserving the content quality, growing demand for protein-based beverage, and herbal drinks.
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Beverage Packaging Market To Reach USD 195.68 Billion By 2026
Market Summary Market Size – USD 125.3 Billion in 2019, Market Growth - CAGR of 6.6%, Market Trends – Increasing demand in preserving the content quality, growing demand for protein- based beverage, and herbal drinks. According to the current analysis of Reports and Data, the global beverage packaging market was valued at USD 125.3 Billion in 2019 and expected to reach USD 195.68 Billion by the year 2026, at a CAGR of 6.6%. Beverage manufacturers are focusing on offering a superior product with the packing that is eco- friendly, easy-to-handle, and keeps the product new for a long time. Further key findings from the report suggest • The plastic beverage packaging market has a major share of 44% in 2019 and expected to come down during the forecasted period due to various regulations implemented by different countries. A new report from the UN Environment and WRI found that at least 127 countries (of 192 reviewed) have implemented some form of legislation to regulate plastic bottles as of July 2018. EU strategy on plastics aimed at safeguarding all plastic packaging is reusable or recyclable by 2030; the single-use ban does not cover universal plastic bags or bottles. The bloc, however, says it will focus on plastic bottles separately, and aims to be collecting and recycling 90% of them within the next decade. • www.reportsanddata.com
Market Summary Key Players: Crown Holdings, Inc., Ball Corporation, Tetra Laval International S.A., Bemis Company, Inc., Sonoco Products Company, Saint-Gobain S.A., Mondi PLC., Amcor Ltd., Reynolds Group Holdings Limited, Stora Enso Segmentation: Material (Revenue, USD Million; 2016–2026) Glass Plastic Metal Paper Others Application (Revenue, USD Million; 2016–2026) Alcoholic Non-Alcoholic Avail the inside scoop of the Sample report @ https://www.reportsanddata.com/sample-enquiry-form/2354 www.reportsanddata.com
Market Summary Product Type (Revenue, USD Million; 2016–2026) Cans Bottles Pouches Jars Cartons Others Regional Outlook for Beverage Packaging Market analyses the following geographies: North America (United States, Canada, and Mexico) Europe (Germany, France, UK, Russia, and Italy) Asia-Pacific (China, Japan, Korea, India, and Southeast Asia) South America (Brazil, Argentina, Colombia, etc.) Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa) Grab Your Report at an Impressive Discount! Please Click Here : @https://www.reportsanddata.com/discount-enquiry-form/1850 www.reportsanddata.com
The report emphasizes the following key questions: Q.1.What are the most lucrative and promising growth prospects for the market? Q.2.Which sectors are expected to deliver a high growth rate and which industry aspects come into play in this advancement? Q.3.Which geographies are estimated to exhibit the highest growth and the underlying causes? Q.4.Which factors are impacting the future of the market and what are the driving factors? Q.5.What are the hurdles and challenges curtailing the industry’s growth in the forecast period? www.reportsanddata.com
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