(Entertainment-NewsWire.com, September 16, 2018 ) This report covers the present scenario (with the base year being 2017) and the growth prospects of global Beverage Packaging market for 2018-2023. The beverage packaging market is driven by rising consumption of beverages in developing countries with increasing disposable income of the middle-class population. Current market trends are witnessing an up surge in the demands for beverages, thereby displaying a brighter opportunity for the beverage packaging industry. Key players adopted partnerships and agreements as the most preferred strategy to maintain a good and undisrupted supply chain with suppliers and distributors present worldwide. They also focused on acquiring local players of emerging markets to expand their business globally and sustain the competition prevailing in the market. New product launches also helped key players in strengthening their product portfolio. Changing consumer preferences are resulting in an increased utility of packaging materials to enhance strength, aroma retention, heat insulation, sealing, and barrier against moisture. Soaring demand for small packs is providing a strong push to the demand for flexible bags and pouches. Growing demand for premium products, aided by rising disposable income, is positively influencing the demand for alcoholic beverage consumption. The growing use of automation in beverage packaging industry will drive the growth prospects for the global beverage packaging market for the next four years. The automated system in the beverage packaging industry reduces the wastage of packaging materials, reduces factory footprint, and enables the timely rectification of operational problems, which in turn, boosts the beverage packaging market. APAC dominates the beer packaging market and continue to dominate the market in the following years. The Asia-Pacific region holds a significant potential for development, in terms of the most prospective countries. The market holds major share in retail packaging, estimating to nearly 75%, as major manufacturing is done in China. Over the next five years, this report projects that Beverage Packaging will register a 4.1% CAGR in terms of revenue, reach US$ 155300 million by 2023, from US$ 122000 million in 2017. This report presents a comprehensive overview, market shares, and growth opportunities of Beverage Packaging market by product type, application, key manufacturers and key regions. To calculate the market size, this report considers value and volume generated from the sales of the following segments: Segmentation by product type: Bottle Can Pouch Carton Segmentation by application: Alcoholic Non-Alcoholic Dairy This report also splits the market by region: Americas United States Canada Mexico Brazil APAC China Japan Korea Southeast Asia India Australia Europe Germany France UK Italy Russia Spain Middle East & Africa Egypt South Africa Israel Turkey GCC Countries The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Amcor Ball Crown Holdings Owens-Illinois ... In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development. Research objectives To study and analyze the global Beverage Packaging consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023. To understand the structure of Beverage Packaging market by identifying its various subsegments. Focuses on the key global Beverage Packaging manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years. To analyze the Beverage Packaging with respect to individual growth trends, future prospects, and their contribution to the total market. To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks). To project the consumption of Beverage Packaging submarkets, with respect to key regions (along with their respective key countries). To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market. To strategically profile the key players and comprehensively analyze their growth strategies.
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