Beverage Container Market Evolving Technology, Trends and Advancement 2022 to 2027

The Beverage Container market has been thoroughly scrutinized and then carefully demarcated by geographic locations which are based on major economic regions and their topographical regions. Growing competition and the changing market dynamics have been highlighted. Aggressive market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio, and recent developments. The Beverage Container Market share and Market size prominent players for 2022 to 2027 are profiled in this report.

The Beverage Container Market is expected to register a CAGR of 5.08% over the forecast period 2022 - 2027.

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Competitive Landscape:

Ardagh Group,Piramal Glass Private Limited(Piramal Group),Gerresheimer AG,Vidrala SA,Owens Illinois Inc.,Vetropack Holding AG and Others

Industry News:

- In February 2020 - Amcor announced its latest and custom designs at the Wine and Grape's Symposium, North America. The company also announced a collaboration with Garc?on Wines, a British start-up. Through this collaboration, Amcor will produce flat wine bottles made with post-consumer recycled (PCR) PET plastic in the United States.
- In January 2020 - Ardagh Group, Glass - North America, a business unit of the Ardagh Group SA and the largest domestic manufacturer of glass bottles for the US wine market, introduced six new sophisticated glass wine bottle designs.

Key Market Trends:

Plastic Packaging Holds a Significant Market Share

- Recyclability and the ability to be molded into different shapes makes plastic an attractive choice for beverage manufacturers. In addition, the material is also capable of enabling beverage companies to enhance convenience(low weight). Further, eco-friendly initiatives by many beverage companies, are expected to fuel the demand for PET containers over the next four years.
- The growing consumer preference for a recyclable plastic bottle is also forcing vendors to innovate new products in the market. For instance, in October 2019, Coca-Cola introduced a new plastic bottle made of plastic from the sea. About 300 sample bottles were produced using 25% recycled marine plastic retrieved from the Mediterranean Sea and beaches.

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North America to Hold Maximum Market Share

- The packaging is the most critical factor that plays an essential role in the widespread consumption of beverages around the world. The strong demand for sustainable and convenient packaging solutions will drive the demand for beverage containers in North America. According to the Association for Packaging and Processing Technologies (PMMI) 2018 Beverage Report, the North American beverage industry is expected to register a growth of 4.5% during the period 2018-2028.

Regional Analysis for Beverage Container Market:

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa).

Highlights about Beverage Container report coverage:

- A complete background analysis, which includes an assessment of the Global Beverage Container Market.

- Important changes in Beverage Container market dynamics

- Beverage Container Market segmentation up to the second & third level regional bifurcation

- Historical, current, and projected size of the Beverage Container market with respect to both value (Revenue) and volume (Production & Consumption)

- Reporting and evaluation of recent Beverage Container industry developments

- Beverage Container Market shares and strategies of key players

- Emerging niche Beverage Container segments and regional markets

- An objective assessment of the trajectory of the Beverage Container market

- Recommendations to companies for strengthening their foothold in the Beverage Container market

The research includes historic data from 2016 to 2021 and forecasts until 2027 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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This release was published on openPR.