The Beverage Packaging Market is expected to increase from its estimated size of USD 104.8 billion in 2022 to USD 156.7 billion by 2030 at a compound annual growth rate (CAGR) of 4.1%. Drinks may be transported, kept, and conserved safely without compromising flavor or quality thanks to beverage packaging. It makes use of a variety of materials, including metal, glass, paperboard, and plastic, to assist keep spills contained and the drink's quality intact.
Growing Consumer Preference for a Wide Range of Flavored Drinks to Drive the Market for Bottle Carriers
- Novel alcoholic and non-alcoholic beverages with distinctive flavors are being introduced by numerous well-known brands. It is anticipated that the global millennial population's high demand for these flavored drinks would drive up sales of bottle carriers since they make it simple to move the beverage from one place to another.
- Easy accessibility The consumption of food and beverages has been rising steadily as a result of busier lifestyles and rising consumer spending power. The beverage packaging market is growing because producers of additives for food and drink are developing new goods and technologies. New products are released onto the market every day.
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These carriers are mostly used for the transportation or storage of chemicals in the healthcare industry, and for the transportation or storage of beverages in the food and beverage industry. To meet the needs of customers, bottle carriers are available in an extensive range of shapes and sizes. Personalized products are being offered by many market players to their customers these days. A range of materials, such as plastic, metal, and paper, are used to make bottle carriers.
Important Figures in the Beverage Packaging Sector
- Global key players of Global Beverage Packaging Market include Crown Holdings, Inc., Ardagh Group S.A., Ball Corporation, Gerresheimer AG, Berry Global Inc., Beatson Clark Ltd., Tetra Pak Group, Owens-Illinois, Inc., Toyo Seikan Group Holdings, Ltd., Silgan Containers LLC, Vidrala S.A., Nampak Ltd., BA Glass Germany GmbH, Orora Packaging Australia Pty Ltd., Frugal Limited, Green Creative, TIPA, and Bonito Packaging.
- Various organizations of beverage packaging market are spending a substantial sum of money on research and development in order to bring customers superior products. In an effort to increase their footprint, several bottle carrier industry participants are collaborating with recycling companies.
The beverage packaging market is divided into two segments based on the type of packaging used:
- Glass
- Metal
- Plastic
- Paperboard
- Others
The beverage packaging market is divided into three segments based on the type of beverage:
- Alcoholic beverage
- Non-alcoholic beverage
- Others
The beverage packaging market is divided into three segments based on the type of packaging:
- Bottles
- Cans
- Carton
- Others (pouches and bag-in-box)
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The market for bottle carriers will be driven by the need for sustainable paper carrier rings.
- Due to regulatory bodies in various countries enforcing bans on single-use plastic, significant players in the bottle carrier beverage packaging market are inventing new carrier rings out of paper. Paper carrier rings are reusable and allow beer and beverage producers to name their surfaces. As a result, it is projected that demand for bottle carriers will increase as sustainability gains popularity.
- In their pursuit of sustainability, beverage packaging market manufacturers need machinery that is dynamic, flexible, and capable of handling a wide range of speeds, strengths, sizes, and shapes. By creating new machines to meet these goals, equipment manufacturers may help beverage companies position themselves to adopt sustainable rules and expansion with ease.
- Due to factors such rising consumption, advancements in packaging technology, and the need for sustainable materials, the worldwide beverage packaging market is expanding. Global businesses are carefully arranging themselves to take advantage of this profitable market as Asia Pacific emerges as a major participant. Beverage packaging is still a significant and active part of the beverage industry, focusing on enticing consumers and maintaining product quality to ensure that your favorite drinks arrive in optimal condition.
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