Europe Beverage Container Market to Expand Significantly By 2026

August 21, 2020

According to the research report titled ‘Europe Beverage Container Market Size By Material, By Container Type, By Application, Country Outlook, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report LLC, Europe beverage container market is expected to register substantial growth during 2020-2026.

Favorable government initiatives which promote expansion of food & beverage sector are a major factor driving the growth of beverage container market in Europe. For instance, the European Commission is focusing on developing innovative trade opportunities for the food & beverage industry in the region . Moreover, emphasis towards eliminating and recycling waste in Europe is further aiding the market expansion.

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As per material type, the metal segment is predicted to expand substantially during the study duration. Increasing preference towards metal cans owing to their ability to quickly cool products and streamlining transportation processes is fueling the segmental share.

In terms of container type, the others segment, which comprises of cups, tubs, and bowls, are poised to accumulate appreciable returns in the forthcoming years. Growing demand for advanced and high quality solutions in beverage industry in tandem with increasing competition scenario in the market is favoring the overall market outlook.

Meanwhile, bag-in-box segment is likely to witness high CAGR through 2027, since they are widely adopted for outdoor activities, picnics, and games and help in protecting the product from external environment.

Moving on to the regional scope, the U.K. is estimated toaccount for the largest market share by the end of the forecast period. U.K. is not only a prominent producer and exporter of alcoholic beverages, but also is witnessing a high demand for sustainable packaging solutions, which in turn is facilitating the business scenario in the region.

Alternatively, Italy beverage container market is also anticipated to showcase commendable growth in the ensuing years, primarily due to strict government regulations pertaining to the use of proper packaging processes of food & beverage products.

Finland beverage container industry is slated to record unprecedented growth during the estimated timeframe. Increasing consumption of alcohol beverages such as vodka and whiskey coupled with rising adoption of conventional glass packaging solutions are swaying the business dynamics in the region.

The Coca-Cola Company, Reynolds Group Holding Limited, PepsiCo Incorporated, Liqui - Box Corporation, Graham Packaging Holdings Co., Exal Group, Evergreen Packaging LLC, Crown Holdings Incorporated, Altium Packaging LLC, CKS Packaging Inc., CCL Industries Incorporated, Berry Plastics Corporation, Ball Corporation, Anheuser-Busch Inbev, Ardagh Group S.A., Anchor Glass Container Cooperation, Amcor Limited, and Ampac Packaging LLC are the major companies in Europe beverage container industry.

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