London, 20 March 2015 – The Beverage Packaging Market in Europe is expected to grow at a CAGR of 3.64 percent from 2015-2019, according to a new report from research firm Technavio.
About the Report
Urbanization and a rise in disposable income have increased consumption of packaged liquid food and drinks. Packaging not only helps generate demand in the market, but also facilitates in maintaining the shelf life of the product.
“Manufacturers are developing innovative packaging solutions to tap the growing organized retail and processed food and beverage markets, where consumers demand lightweight, convenient and easy-to-use packaged products,” says Faisal Ghaus, Vice President of Technavio.
The new Technavio report also emphasizes vendors in the market who are investing in the development of new products. Manufacturers are focusing on differentiating their products from their competitors by providing the best packaging products to meet customer needs.
“Reducing the weight of packaging materials and modifying pack formats to lighter configurations is allowing vendors to reduce the cost of transportation, thus benefitting their businesses,” says Ghaus.
Market Scope and Calculation of Market Size
The new Technavio report covers the present scenario and the growth prospects of the Beverage Packaging Market in Europe from 2015-2019.
To calculate the market size, the report considers the sales of packaging material, including:
- Plastic
- Metal
- Glass
- Other Packaging Materials
Information Covered in the Report:
Key Vendors:
- Amcor
- Ball
- Crown Holdings
- Owens-Illinois
- Rexam
Market segmentation, size and forecast through 2019
Market Growth Drivers:
- Preference for RTD Beverages
- For a full detailed list, view our report.
Market Challenges:
- Constraints for Expanding Production Capacity
- For a full detailed list, view our report.
Market Trends:
- Product Innovation and Focus on Lightweighting
- For a full detailed list, view our report.
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
