Plastic bottles are becoming more ubiquitous by the day owing to their advantages over glass bottles. Choosing plastic over glass is an easy decision for manufacturers looking to reduce weight, speed up transportation, and reduce packaging costs.
The rising adoption of convenient packaging will be one of the major factors that will have a positive impact on the growth of this market. Plastic is the most chosen material by manufacturers for the packaging of various raw materials in the beverage packaging industry. One of the latest trends that will gain traction in the beverage packaging market by plastic is the introduction of sensor systems. Two major technologies that are widely adopted in the intelligent packaging of beverages are sensors and indicators. The market in APAC is growing because of the surging demand for various retail products and the growth of emerging economies, such as India and China. China was the largest market in the region, with a share of 49%, followed by Japan. India is expected to have the highest growth rate during the forecast period. The share of the beverage packaging market by plastic in EMEA is expected to witness a slight decline during the forecast period. The share of the Americas in the global beverage packaging market by plastic is expected to witness a marginal decline by 2021.
Global Beverage Packaging by Plastic Market Professional Survey Report 2019 is a professional and in-depth study and available exclusively through Trusted Business Insights. Annual estimates and forecasts are provided for the period 2019 through 2025. Also, a five-year historic analysis is provided for these markets in this 113 pages report.
This market report provides in-depth analytics of the Beverage Packaging by Plastic industry including definition, classification, application and industry chain structure. The report focuses on global major leading industry players with information such as company profiles, product picture and specifications, sales, market share, and contact information.
Beverage Packaging by Plastic market report includes an in-depth analysis of the competitive landscape of this business vertical, constituting companies like:
Sonoco Products Company
Products Segmentation, this report displays the production, revenue, price, market share, and growth rate of each type as below:
By Industrial Application, the market can be split into:
Market Segment by Regions includes:
- North America (the USA, Canada, and Mexico)
- Europe (Germany, France, UK, Russia, and Italy)
- Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
- South America
- Middle East and Africa.
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