Beverage Packaging Market to Be Driven by Novel Packaging Solutions - Report by Future Market Insights
Innovations in Packing Methods to Boost Beverage Packaging Market
Valley Cottage, New York, November 14, 2017 (Newswire.com) - A report on the global beverage packaging market has been recently added by Future Market Insights (FMI) to their growing portfolio. The report, titled, “Beverage Packaging Market: Global Industry Analysis and Opportunity Assessment (2015 – 2025),” predicts that the market, which was evaluated to be over US$ 186 billion in 2015, is projected to increment at a compound yearly development rate of more than 3% through 2020 and the forthcoming years. The market research company’s study discusses the drivers, restraints, and trends likely to influence the global beverage packaging market over the years to come.
The ideal kind of packaging for a beverage is dictated by various factors, for instance, user’s inclinations, product quality and characteristics of the beverage. Cans and bottles are at present the prevailing type in the alcoholic beverage segment, yet elective packaging materials are relied upon to pick up footing. In the interim, there is a relentlessly developing inclination for cans and bottles in the non-alcoholic segment. With respect to dairy beverages, the dominant majority are sold in pouches; however seasoned and drinkable yogurt is driving up interest for different packaging forms and materials.
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The rising significance for enhanced life span of usability of packed beverages among different producers to lessen capacity costs is relied upon to additionally supplement the worldwide beverage packaging market. The market is predicted to be tested by stringent natural standards related with use of plastics and its added substances in packaging. The concerns with respect to recyclability of packaged beverages has been driving the pattern towards use of feasible materials in packaging. Growing R&D by organizations to create packaging items utilizing bio-based materials is expected to yield rich opportunity to market participants.
Additionally, automation in the beverage packaging industry is anticipated to decrease the wastage of packaging materials, diminishing production line impression, and empowers the convenient correction of operational issues, thus providing impetus to market growth. Also, these the advanced robotics applications utilize real-time data to improve outputs. For instance, the utilization of delta robots offers a rapid solution for picking
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According to FMI’s report, packages intended for one-individual households are picking up footing as the level of one-person households keep on increasing in key, lucrative markets. Over the forecast period, multipacks of individual portions will dominate and be responsible for a huge share of the worldwide beverage packaging market.
Geographically, Asia Pacific (excluding Japan) and North America will continue being the two biggest markets for beverage packaging all over the world, followed by Western Europe. The beverage packaging market in APEJ will keep on witnessing additions over the estimated time frame. Representing market share of more than 25% in 2015, the APEJ market will keep on offering growth chances to existing and new contestants, as the beverage industry in the region witnesses a rapid progress.
Some of the leading players of the global beverage packaging market are Amcor Limited, SIG Combibloc, Tetra Laval International S.A., Ampac Holdings, LLC and Ball Corporation.
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Source: Future Market Insights