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Global Bottle Display Pack Market: Strong Need for Enhancing Visibility Triggers Demand among Alcoholic Beverage Manufacturers, says TMR
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In recent times, there has been an increasing consumer inclination towards buying products from supermarkets. This trend has a positive impact on the growth of the global bottle display pack market. Changes in policies associated with foreign direct investment in several emerging economies are working in favor of the market. Moreover, the higher returns on using display pack as a packaging solution are impelling retailers to opt for them, thereby stimulating the growth of the market. The cosmetic and personal care industry is experiencing an impressive growth globally, which in turn is providing a significant push to the global bottle display pack market. On the other hand, the inorganic growth of the e-commerce sector in several countries is adversely affecting the demand for bottle display packs.
Based on material type, the global bottle display pack market can be divided into glass, metal, paper, acrylic, and wood. In terms of application, the market can be classified into non-alcoholic, home care, beverages, alcoholic, and cosmetic and personal care. By capacity, the market can be bifurcated into multiple bottle and single bottle.
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The key segments analyzed in the report on the basis of geography are Latin America, North America, Asia Pacific, Europe, and the Middle East and Africa. North America will be a prominent destination for key players in the global market. The healthy growth of the organized retail sector in the U.S. is contributing to the growth of the region. Asia Pacific is anticipated to post a noteworthy CAGR during the forecast period. The growth of the region can be attributed to the growth of the retail and personal care sectors in emerging countries such as India and China.
A large number of players in the global bottle display pack market are focusing towards product innovation and differentiation to consolidate their position in the market. Some of the key players in the market are Easypack/POP Displays Group Limited, A C Agencies, and Graham Packaging Company.
About TMR
TMR is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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