May 12, 2020
According to the research report titled ‘Beverages Carriers Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Russia, Spain, China, India, Japan, Australia & New Zealand, South Korea, Brazil, Mexico, Argentina, GCC, South Africa), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024’, available with Market Study Report LLC, global beverages carriers market is expected to register significant growth through 2024.
Rapid expansion of beverage industry is driving the beverages carriers market growth. Beverages carriers are lightweight and ensure low oxygen transmission rate, hence enabling beverage carriage and storage. They are widely used in retail industry to improve brand visibility.
Increasing preference towards beverage carriers among organized retail outlets for transporting beverages as well as to entice customers is further fueling the market size. They are extensively used by dairy, alcohol and wine manufacturers owing to their capability of reducing transportation costs.
As per the product type, plastic beverages carriers segment held a substantial market share in the year 2016 and is slated to record a momentous growth during the forecast period. Factors such as weightlessness, user-friendly aesthetics, availability in different shapes & size and mass production capabilities offered by plastic is aiding product penetration.
Global beverages carriers industry share from soft drinks and drinking water end-use segments is predicted to acquire admirable returns in the forthcoming years. Increasing sales of soft drinks owing to robust promotional strategies adopted by multinational companies along with rising consciousness pertaining to safe water consumption are favoring the market outlook.
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North America beverages carriers industry is anticipated to expand substantially during the projected timespan, primarily due to rising per capita income and flourishing regional beverage industry.
Meanwhile, Asia-Pacific market is estimated to record a robust CAGR through 2024. Booming non-alcoholic beverage industry in India and China are bolstering the demand for beverages carriers in Asia-Pacific.
GRIP-PAK, NuPak Printing, SCHC, Parish Manufacturing, WestRock, NEPA Carton & Carriers Co., RTS Packaging, CDF Box Co., Optopack Ltd., TPS Rental Systems Ltd., Scholle IPN and Smurfit Kappa Group are the major contenders in beverages carriers market.