- The key vendors in the Global Beverage Packaging Market 2015-2019 are Ball Corp., Crown Holdings, Inc., Rexam plc and Tetra Laval International S.A.
London, 10 December 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Beverage Packaging Market 2015-2019. One major trend emerging in this market is increased use of sustainable packaging in the F&B industry. Manufacturers in the F&B packaging industry not only develop products to preserve packed food and beverages but also aim to protect its nutritional value. There is also an increase in demand by consumers for packaging material that is eco-efficient. The Global Beverage Packaging market is expected to witness a CAGR of 4.11 percent during 2014-2019.
Rise in consumer disposable incomes and consumption has increased the need for packaged products, which has led to the growing demand for packaging materials. In addition, the Beverage Packaging market has witnessed a considerable shift in purchasing patterns, with customers demanding more flexible packaging solutions over rigid packing.
“With increased demand and adoption of beverage packaging materials, vendors in the market are investing in development of new products and product innovations,” says Faisal Ghaus, Vice President of TechNavio Research.
They constantly develop their product portfolios and invest in developing materials with specific properties for applications. Manufacturers of packaging materials are now looking at differentiating their products from their competitors by providing the best possible packaging products to meet the customer’s needs.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
