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Description
Beverage Packaging Market size valued USD 130.16 billion in 2020 and expected to reach USD 205.32 billion by 2027, at a CAGR of 6.6% during the forecast period 2021-2027. Some of the key factors propelling the market growth include changing consumer preferences, rising disposable income, surging demand for convenient & sustainable packaging solutions, rising consumption of bottled water and growing adoption of bioplastics. However, volatility of raw material prices and environmental norms against certain types of plastics are main factors hindering the market growth. Global beverage packaging market is surging owing to frequent acquisitions and launchings by the market players. For Instance, in Feb 2017, Mondi group acquired Excelsior technologies for USD 40 million. This acquisition is expected to expand its consumer packaging business. This report studies global beverage packaging market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global beverage packaging market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global beverage packaging market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities).
