New York, NY -- (SBWIRE) -- 02/08/2021 -- According to the current analysis of Reports and Data, the global beverage packaging market was valued at USD 125.3 Billion in 2019 and expected to reach USD 195.68 Billion by the year 2026, at a CAGR of 6.6%. Beverage manufacturers are focusing on offering a superior product with the packing that is eco-friendly, easy-to-handle, and keeps the product new for a long time. Packaging innovations is becoming a norm for beverage companies with smaller package sizes, situational package types, and multi-packs. Different types of products reliant upon the drinks packed using various materials. New trends in drinks packaging are concentrating on the structure modification of materials and the development of new active and intelligent systems, which can interact with the product or its environment, refining the conservation of drinks, such as wine, juice or beer, customer acceptability, and food security.

Furthermore, the report is furnished with the latest impact of the COVID-19 pandemic on the market. The pandemic has affected every segment of the market, along with bringing disruption in the supply chain, demands & trends, and financial difficulties. The report covers the initial and future assessment of the COVID-19 impact on the market.

Get a FREE Report Sample with Table of Contents and Figures @ https://www.reportsanddata.com/sample-enquiry-form/2354

The report covers the market dynamics analysis, company profiles, production and manufacturing capacity, product specifications, product value, and key players. The report also offers an insight into the growth prospects during the forecast period. The Beverage Packaging Market report also offers detailed data on the key market players to impart a deeper understanding of the competitive landscape. The report focuses on the key market elements to ensure the readers gain a competitive advantage and maximum benefit of the market data to assist them in achieving substantial growth and an advantageous position in the global market

Further key findings from the report suggest

The plastic beverage packaging market has a major share of 44% in 2019 and expected to come down during the forecasted period due to various regulations implemented by different countries. A new report from the UN Environment and WRI found that at least 127 countries (of 192 reviewed) have implemented some form of legislation to regulate plastic bottles as of July 2018.

EU strategy on plastics aimed at safeguarding all plastic packaging is reusable or recyclable by 2030; the single-use ban does not cover universal plastic bags or bottles. The bloc, however, says it will focus on plastic bottles separately, and aims to be collecting and recycling 90% of them within the next decade.

As of 2018, Cartons anticipated witnessing the most promising growth during the forecast period. Cartons primarily made up of paperboard along with a thin layer of aluminum and plastic, which helps in preserving drinks for a significant period. Cartons are observing a surge in demand for packing of milk, juices, and other non-alcoholic drinks, as they conserve the product without the need of adding many preservatives.

In response to various problems encountered in packing, a trend towards the development of active technologies for food preservation has promoted. Active packing defined as a packaged system designed to deliberately incorporate components that would release or absorb substances into or from the packaged food or the environment surrounding the food and intended to encompass the shelf-life or to maintain or improve the condition of the packaged food

Competitive Terrain:

The global Beverage Packaging market has a consolidated presence of a large number of companies that have been performing consistently to achieve optimum market growth. The report comprehensively discusses these companies' current market standing, past performances, demand & supply graphs, sales network, production & consumption patterns, and distribution channels. The report thus points out the effective business approaches undertaken by these market players to build on their market footprint.

The leading companies operating across the global Beverage Packaging market are listed below:

Crown Holdings, Inc., Ball Corporation, Tetra Laval International S.A., Bemis Company, Inc., Sonoco Products Company, Saint-Gobain S.A., Mondi PLC., Amcor Ltd., Reynolds Group Holdings Limited, Stora Enso.

Material (Revenue, USD Million; 2016–2026)

Glass

Plastic

Metal

Paper

Others

Product Type (Revenue, USD Million; 2016–2026)

Cans

Bottles

Pouches

Jars

Cartons

Others

Application (Revenue, USD Million; 2016–2026)

Alcoholic

Non-Alcoholic

To get an exclusive discount on the report, visit @ https://www.reportsanddata.com/discount-enquiry-form/2354

Radical Features of the Beverage Packaging Market Report:

Valuable insights into the Beverage Packaging market to impart an in-depth understanding of the business verticle

An 8-year forecast estimation along with an analysis of key elements of the market

Technological advancements, regulatory framework, and recent developments covered in the report

Growth analysis and projections until 2027

Statistical analysis of the key players operating in the Beverage Packaging industry

Table Of Contents:

Chapter 1. Market Synopsis

Chapter 2. Executive Summary

Chapter 3. Indicative Metrics

Chapter 4. Beverage Packaging Market Segmentation & Impact Analysis

Chapter 5. Beverage Packaging Market, By Type Insights & Trends

Chapter 6. Beverage Packaging Market, By Application Insights & Trends

Chapter 7. Beverage Packaging Market, By End Use Insights & Trends

Chapter 8. Beverage Packaging Market Regional Outlook

Chapter 9. Competitive Landscape

Chapter 10. Company Profiles

To Get This Report at a Lucrative Price, Click @ https://www.reportsanddata.com/checkout-form/2354

Thank you for reading our report. To know more about customization options, please get in touch with us. Our team will ensure the report is tailored to suit your requirements.  

Have a Look at Related Reports:

Astronomical Telescope Market Size

Cured-in-Place-Pipe Market Share

Polycarbonate Market Trends

About Reports and Data:

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.