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(EuropeNewsWire.Net, November 11, 2017 ) The Europe Beverage Packaging Market was worth USD 27.12 billion in 2016 and estimated to be growing at a CAGR of 4.20%, to reach USD 33.31 billion by 2021. The market shows steady growth in the mentioned forecasting period. Beverages are a part of our everyday life. Beverages serve many purposes whether it is a hot coffee on Monday morning or a chilled beer on Friday night. Europe comes second in terms of percentage share of the overall market and is a healthy market for beverage packaging.
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Beverage packaging is an easy and important way of protecting the beverages from external materials which would otherwise make it unfit to drink and will subsequently decrease the quality of the product. Beverage packaging is the way the brand communicates with its consumers as they can touch and feel the product through packaging. Protecting the beverage and keeping its taste requires packaging and these product features help build trust and loyalty among its consumers.
The market is driven by the rapid growth of the beverage packaging industries in the region. In the recent times, UK, Spain, Italy, Germany and France are observing an increased demand in the consumption of alcoholic beverages, majorly due to the growing disposable income, aging population, and increasing living standards. This is stimulating the growth of the beverages packaging market in this region. The factors which negatively affect the beverage packaging industry are the growing concerns over the use of plastic. Some environmentalists consider it as a major threat for health and point out the amount of CO2 emissions associated with it. These are some of the factors which hinders the growth of the market.
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Europe Beverage Packaging Market Segmentation:
• By Type: Introduction, Bottle, Can, Pouch and Carton
• By Material: Introduction, Glass, Plastic, Metal and Paperboard
• By Application: Introduction, Alcoholic, Non-Alcoholic and Dairy
• By Geography: Introduction, UK, Spain, Germany, Italy and France
Some of the key players in Europe Beverage Packaging Equipment Market:
• Saint-Gobain S.A.
• Amcor Limited
• Tetra Laval International S.A.
• Rexam PLC
• Owens-Illinois, Inc.
• Crown Holdings, Inc.
• Mondi PLC
• Ball Corporation
• Reynolds Group Holdings Limited
• Alcoa Inc
• Stora Enso Oyj
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