Demand for Sustainable Packaging Materials Boosts Global Beverage Packaging Market

Albany, New York, March 06, 2017: MarketResearchReports.biz announced the addition of a new research report to its resourceful repository. The report has been compiled with an intention of providing the readers a fair understanding of the trajectory of the global beverage packaging market. The publication, titled “Global Beverage Packaging Market 2017-2021,” provides an assessment of the economic, political, technological, and environmental factors likely to decide the growth of the global market in the near future. Furthermore, the research report also assesses the segments of the global beverage packaging market and determines the strengths, weaknesses, opportunities, and threats that are likely to impact them. 

According to the research report, the global beverage packaging market is likely to surge at a CAGR of 5.15% between 2017 and 2021. The market is likely to be driven by growing demand for sustainable packaging solutions due to the growing environmental concerns pertaining to disposal of packaging waste. Furthermore, development of eco-friendly packaging materials is also likely to boost the global market by offering it multiple options. The global beverage packaging market is also being favored by the development of multipacks and single-serve packs. The design of convenient and easy packaging solutions are expected to propel the global market in the coming years as well. 

The growing consumption of functional drinks and alcoholic beverages is further expected to augment the demand for beverage packaging materials and solutions. The rise of e-commerce and improved shelf-life of products is also anticipated to play a role in determining the trajectory of the overall market. Arduous efforts by companies in the global beverage packaging market to develop sustainable packaging solutions that are biodegradable are projected to have a key part in the development of the global market. 

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The biggest challenge for the global beverage packaging market are the stringent rules are regulations pertaining to the packaging machines and materials. Furthermore, growing concerns pertaining to the development of materials that is suitable for packaging alcoholic beverages are also expected to hamper the global market. 

Some of the leading players operating in the global beverage packaging market are Owens-Illinois, Amcor, Ball, Crown Holdings, AptarGroup, Ardagh Group, Allied Glass Containers, Bemis, CAN-PACK, CCL Industries, CKS Packaging, Evergreen Packaging, and DS Smith. The research report has profiled these players and provided a thorough analysis of their share in the overall market. The publication also provides valuable information pertaining to their latest developments and research and development activities. The competitive landscape of the global beverage packaging market has been studied in absolute detail in the research report. Furthermore, it also assesses the intensity of the competitive rivalry and the threat of substitutes to the global market. The publication is aimed at offering a valuable insight into the various factors impacting the growth of the global market.  

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