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Multipack Bottles Market - Competitive Landscape and Regional Analysis by 2016-2024
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Multipack Bottles Market: Drivers and Restraints
The increasing e-commerce sales of food and beverages is the major driver for the growth of multipack bottles market. The manufacturers now provide promotional offers for their newly launched products. Products are promoted through “purchase with purchase” strategy. Thus, the marketing strategy leads to the sale and packaging of multiple units and it boosts the global multipack bottles market growth. If the products are fragile as in food and beverage industry, multipack bottles facilitates ease in transportation. Moreover, food or beverage packing is a part of advertising and multipack bottles enhances the look of the product to attract the consumers. The innovative packaging technologies in pharmaceutical industry is expected to boost growth of global multipack bottles market.
Multipack Bottles Market: Segmentation
On the basis of material, the global multipack bottles market can be segmented as follows:-
Paper and Paperboard
Shrink Wrap
Plastic
Adhesives
Carton
Corrugated Box
Container
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On the basis of packaging style, the global paperboard multipack bottles market can be segmented as follows:-
Neck-thru style
Over the top
Basket Wrap with Neck-thru
Cluster Clip
Cluster Sleeve
On the basis of packaging style, the global shrink film multipack bottles market can be segmented as follows:-
Print registered film
Nested Pack
Pad Supported
Tray Supported
Label Orientation
Carry Handles
On the basis of end users, the global multipack bottles market can be segmented as follows:-
Beverage Industry
Pharmaceutical Industry
Retail and Consumer Products Industry
Multipack Bottles Market: Region Wise Outlook
The global multipack bottles market can be divided into five regions, namely North America, Latin America, Europe, Asia Pacific (APAC) and Middle East & Africa (MEA). North America and Europe holds major share in the global multipack bottles market. The mature retail outlets and food processing industries contribute to the growth of multipack bottles market in these regions. Europe holds significant share in global alcoholic beverages market, which is anticipated to propel the global multipack bottle market in the region. North America accounts for significant share in the global pharmaceutical market. The export of pharma products to the developing economies is also increasing, which is expected to increase the share of North America in global multipack bottles market. MEA is anticipated to project moderate CAGR over the forecast period, due to the expansion of beverages industry in the region. APAC is anticipated to project higher growth in the global packaging industry owing to increasing e-commerce sales and retail outlets, and is expected to have significant share in global multipack bottles market over the forecast period. The growth rate of retail packaging is increasing in Latin America, which is expected to propel the growth of multipack bottles market in the region.
Multipack Bottles Market: Key Players
Some of the key players in the global Multipack Bottles market are as follows:
KHS GmbH
WestRock Company
ZAMBELLI PACKAGING
Multiscience GmbH
Multi-Pack Solutions LLC
Polypack
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