The Asia-Pacific beverage packaging market is projected to showcase a CAGR of 8.1% during the forecast period (2020-2026). The key factors that drive the growth of the Asia-Pacific beverage packaging industry include the presence of a huge customer base and the fast-growing economies. There has been a significant rise in beverage consumption across the economies owing to the rapidly changing trends as well as urbanization.
Browse the full report description Asia-Pacific Beverage Packaging Market Size, Share & Trends Analysis Report by Material (Glass, Plastic, Paper, and Metal), By Product (Bottles & Jars, Cans, Pouches, Cartons, Others), and by Beverage (Non-Alcoholic Beverages and Alcoholic Beverage), and Forecast 2020-2026 at https://www.omrglobal.com/industry-reports/asia-pacific-beverage-packaging-market
Besides, the adoption of sustainable packaging solutions provides several benefits including disposability, ease of use, and better user experience, which have led to the growth in demand for sustainable packaging solutions in the market. Further, the introduction of new and innovative products by the key manufacturers enhancing brand visibility also contributes to the growth of the Asia-Pacific beverage packaging market.
Further, some of the factors that hinder the growth of the market in the region include the stringent regulations imposed by the government concerning environmental safety. This has limited the use of some packaging materials in the industry, thereby, challenging the growth of the market over the forecast period. Nevertheless, manufacturers are increasingly adopting sustainable packaging concerning environmental harm across the region, owing to the increased pressure from the government and several private organizations. Thus, the advent of sustainable packaging options is likely to create a wide scope for the growth of the Asia-Pacific beverage packaging market over the forecast period.
Market Coverage
Key questions addressed by the report
o Recovery Timeline
o Deviation from the pre-COVID forecast
o Most affected segment
Asia-Pacific Beverage Packaging Market – Segmentation
By Material
By Product
By Beverage
Asia-Pacific Beverage Packaging Market – Countries Covered
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