Beverage Carrier Rings Market to Expand at a Healthy CAGR of 5% through 2030
The brewing industry across the globe is growing as demand for alcoholic beverages such as wine, beer, and craft beer is continuously increasing. This is creating many opportunities for players in the beverage carrier rings market space.Click Here To get a Sample (Including Full TOC, Table & Figures)
https://www.factmr.com/connectus/sample?flag=S&rep_id=5027
Also, the use of cans is highly preferred over bottles by both, beverage companies and consumers, as these cans can be recycled and reused. Therefore, the demand for canned beverages is rising rapidly, which is one of the most important factors that will help the beverage carrier rings market grow substantially during the years 2020 to 2030.
Considering all the above factors, the beverage carrier rings market is expected to expand at a CAGR of nearly 5% during the forecast period of 2020-2030.
Key Takeaways from Global Beverage Carrier Rings Market Report
Rise in demand for canned beverages will play an important role in the growth of the beverage carrier rings market over the coming years.
Rules and regulations imposed by regulatory authorities of different countries have made market players manufacture carrier rings by using fiber and cardboard material. Cardboard beverage carrier rings are expected to gain maximum market share over the period in question.
Need more information about Report Methodology? Click here
https://www.factmr.com/connectus/sample?flag=RM&rep_id=5027
Progress in Asia Pacific countries such as India and China is proving to be important for the growth of the beverage carrier rings market in the region, which is expected to grow at the highest rate among all regions.
The COVID-19 pandemic has led disrupted the supply chain of the global beverage industry, as a result of lockdowns, restriction, and labor shortage. As a result, demand for beverage carrier rings will take a hit in the near term.
“Increasing consumption of beverages along with rise in the demand for canned products will drive the growth of the beverage carrier rings market over the coming period”, says a Fact.MR analyst.
Key Players Spending Heavily on Research & Development Activities
Key players in the beverage carrier rings market are PakTech, E6PR, Hi-Cone, West Rock, Grip Pak, Lawson Kegs, Pak-It-Products, American canning, BevSource, Lucky Clover packaging, Footprint, Roberts Poly, Graphic Packaging, and Miller Coors. These key players are performing different activities such as collaboration with other companies, improvement in productivity, and developing advanced products.
Connect To an Expert
https://www.factmr.com/connectus/sample?flag=AE&rep_id=5027
For instance, one of the key players in the market, E6PR, has started to manufacture beverage carrier rings by using fiber. This fiber is made by using a mixture of wheat and barley. If these fiber rings are thrown away in the sea, they will not cause any harm to sea animals. As such, the demand for such rings is expected to rise in the near future.
More Valuable Insights on Beverage Carrier Rings Market
Fact.MR, in its new offering, presents an unbiased analysis of the global beverage carrier rings market, presenting historical demand data (2015-2020) and forecast statistics for the period of 2020-2030. The study delivers essential insights on the beverage carrier rings market on the basis of type (4 pack rings, 6 pack rings, and 8 pack rings), material (plastic, cardboard, and natural fiber), and application (alcohol, soft drinks, and juice), across six major regions.
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: sales@factmr.com
Visit Our Website:
https://www.factmr.com
Research Insight:
https://www.factmr.com/report/5027/beverage-carrier-rings-market
Content Source:
https://www.factmr.com/media-release/1654/global-beverage-carrier-rings-market
About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Beverage Carrier Rings Market to Expand at a Healthy CAGR of 5% through 2030 here
News-ID: 2273196 • Views: …
More Releases from Fact.MR
Cruelty-Free Makeup Market Projected to Witness a Growth of US$ 12.55 Billion by …
The global Cruelty-Free Makeup Market is expected to grow substantially from US$ 6.26 billion in 2023 to US$ 12.55 billion by the end of 2033. This extensive report expects a 7.2% increase in global demand from 2023 to 2033, with premium makeup items accounting for 64% of the market.
The study looks at how increased knowledge of the terrible processes that animals go through during cosmetic testing is driving the growing…
Snowboard Equipment Market is Expected to reach US$ 455 Million by 2033
The global snowboard equipment market is expected to grow at a 3.9% CAGR over the next decade, reaching $455 million by the end of 2033.
Snowboard equipment is specifically intended for the sport of snowboarding and includes a snowboard, bindings, boots, outerwear, and protective equipment. What distinguishes snowboard equipment from alternatives is its versatility, which makes it easier for beginners to learn while also providing greater control and manoeuvrability on snowy…
Deception Technology Market Set for Remarkable Growth, Expected to Surpass US$ 7 …
By 2033, the global deception technology market is projected to have grown from US$ 2 billion in 2023 to US$ 7.5 billion, with a startling compound annual growth rate (CAGR) of 14.1%.
By creating realistic-looking but phony assets-such as domains, databases, servers, files, credentials, apps, cookies, and more-that are inserted into a network alongside actual assets, deception technology plays a significant role in protecting an organization's sensitive data.
Download a Sample Copy…
Low-Alcohol Beverages Market Is Anticipated To Reach A Value Of US$ 1.2 Billion …
In 2023, the global market for low-alcohol beverages is projected to achieve a valuation of US$ 800 million. Moreover, by the end of 2033, the global sales of beverages featuring low alcohol content are anticipated to soar to US$ 1.2 billion. This growth trajectory is expected to be sustained, with a compound annual growth rate (CAGR) of 4.5% forecasted through to 2033.
The Low-alcohol Beverages Industry sales study offers a comprehensive…
More Releases for Beverage
Draft Beer Market 2019 by Segment Forecasts 2026 | Beverage Air, Beverage Factor …
Worldwide Draft Beer market research report is an expert and clear report focusing on essential and additional drivers, parts of the overall industry, driving sections and geological surveys. The analysis and estimation of significant industry patterns, market size and shares are referred to in the Draft Beer Market Report.
Market drivers, restraints, and opportunities have been evaluated to explain the anticipated nature of investments and their impact on the Global Draft…
Sports Drink Market 2019 By Key Players: Pepsico, Coca Cola, Monster Beverage, A …
Global Sports Drink Market research Report peaks the detailed analysis of industry share, growth factors, development trends, size, majors manufacturers and 2023 forecast.The report also analyze innovative business strategies, value added factors and business opportunities
Sports drinks are prepared according to the characteristics of physiological consumption during exercise, and can be targeted to supplement the lost nutrition during exercise, play a role in maintaining and improving exercise capacity, and speed up…
Instant Beverage Premixes Market
https://www.qandqmarketresearch.com/reports/7293858/instant-beverage-premixes-market-62
Instant beverage premixes are prepared drinks, which boost metabolism, enhance functionality, and provide healthy hydration.
Instant beverage premix market analysis is primarily split into different type including instant coffee, instant tea, instant milk and instant health drinks and soups.
In 2017, the global Instant Beverage Premixes market size was xx million US$ and is forecast to xx million US in 2025, growing at a CAGR of xx% from 2018. The objectives of…
Beverage Emulsion Market: Uptake in Demand for Multifunctional Beverage Emulsion …
Water or oil flavored emulsion is one of the most commonly employed flavor delivery system in the beverage industry. Carbonated or still beverages account for majority of the water or oil flavor emulsions among the beverage variants. These insights have been acquired from a report, titled “Global Market Study on Beverage Emulsion: North America to Increase Consumption in the Near Future with Public Health Consciousness being the Core Focus,” recently…
Growing Preference for Beverage Dispensers with Commercial Beverage Dispensers M …
"The Report Global Commercial Beverage Dispensers Market 2017-2021 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz"
About Commercial Beverage Dispensers
Commercial beverage dispensers refer to containers that keep beverages fresh for a long period of time. This equipment also allows beverages to be dispensed in prescribed amounts and is mainly used by foodservice establishments such as hotels, restaurants, catering companies, clubs, and pubs.
Technavios…
Beverage Packaging Market
Zion Research has published a new report titled “Beverage Packaging (Bottle, Can, Pouch, and Carton) Market, By Material (Glass, Plastic, Metal, and Paperboard), for Alcoholic, Non-Alcoholic, and Dairy Applications: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021”. According to the report, global demand for beverage packaging market was valued at USD 108.4 billion in 2015, is expected to reach USD 138.7 billion in…