Inflation expected to soar Figures from the government data collecting agency, Statistics Botswana show that by January this year, the food import bill stood at P782 million. This represents 10 percent of the total value of imports for the month which was P7.2 billion. According to the data, the most imported food items during the […]
Beverage Packaging Market worth $189.0 billion by 2026 - Exclusive Report by MarketsandMarkets
Beverage Packaging Market by Packaging Type (Bottle, Can, Pouch, Carton), Material Type (Glass, Plastic, Metal, Paper & Paperboard), Product Type (Alcoholic Beverages, Non-Alcoholic Beverages, Dairy Beverages), and Region - Global Forecast to 2026 , published by MarketsandMarkets, the global Beverage Packaging Market was valued at USD 148.1 billion in 2021. It is projected to grow at a CAGR of 5.0% and reach USD 189.0 billion by 2026. The Beverage packaging helps in protecting the beverages and extending its shelf-life. It further acts as an effective tool for marketing and attracting the attention of consumers.
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Beverage Packaging Market by Packaging Type (Bottle, Can, Pouch, Carton), Material Type (Glass, Plastic, Metal, Paper & Paperboard), Product Type (Alcoholic Beverages, Non-Alcoholic Beverages, Dairy Beverages), and Region - Global Forecast to 2026 , published by MarketsandMarkets™, the global Beverage Packaging Market was valued at USD 148.1 billion in 2021. It is projected to grow at a CAGR of 5.0% and reach USD 189.0 billion by 2026. The Beverage packaging helps in protecting the beverages and extending its shelf-life. It further acts as an effective tool for marketing and attracting the attention of consumers.
The increase in the consumption of non-alcoholic and dairy beverages is projected to be some of the major drivers for the growth of the global beverage packaging market. There have been several innovations and developments in the packaging designs and packaging technology over the last five years in the global beverage packaging market. The increase in demand for p
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Global Beverage Cans Market (2021 to 2026) - Portable Nature of Cans Makes Them More User-friendly Presenting Opportunities - ResearchAndMarkets.com
May 11, 2021 GMT
DUBLIN (BUSINESS WIRE) May 11, 2021
The beverage cans market is estimated at USD 23.7 billion in 2021 and is projected to grow at a CAGR of 5.6%, to reach USD 31.2 billion by 2026.
Globalization and the free movement of products are increasing. Therefore, packaged material requires longer shelf life, along with monitoring food safety and quality based upon international standards.
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The recycling properties of raw materials such as aluminium and steel also help in providing sustainable packaging. These factors have helped in the growth of the beverage cans market.
Bitterness Suppressors and Flavor Carriers Market Segment Analysis – By Geography
Asia Pacific dominated the Bitterness Suppressors and Flavor Carriers market share accounting for 38% of the market in 2020. This is mainly owing to growing number of processed food industry in this region owing to rapid urbanization coupled with changing food consumption pattern of the people. According to International Food Policy Research Institute, food consumption pattern of the people is changing towards healthy food in countries such as China, Taiwan.
However, the North America region is projected to be the fastest-growing during the forecast period 2021-2026. This is owing to changing lifestyle of the people and changing food habits.