Global Beverage Plastics Market Overview:
Plastics packaging is known as highly innovative in packaging design. For instance, modified atmosphere packaging helps preserve food & beverages freshness by capturing a reduced-oxygen air mixture in a plastic package. With the help of this technique that extends the product’s life by reducing the growth of bacteria. In the United States, the Food and Drug Administration regulates the security of food-contact packaging, including plastics used in contact with food. Many plastics, including polystyrene and polyethylene, been used in food packaging for many decades. According to the regulation, each and every food-contact packaging material mandatory pass FDA’s stringent approval process for the usage in a specific food & beverage application. Some of the players profiled in the study are Chemson Group (Austria), Constantia Packaging AG (Austria), Solvay S.A. (Belgium), Solvin (Belgium), Arkema (France), Global Closure Systems (Spain), Uponor Corp (Finland), Vinnolit Gmbh & Co. Kg (Germany), Nova Chemicals Corporation (Canada) and Advanced Drainage Systems, Inc. (United States).
On the basis of geography, the market of Beverage Plastics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by BeveragesForm, the sub-segment i.e. Liquid Beverages will boost the Beverage Plastics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product, the sub-segment i.e. Bottles will boost the Beverage Plastics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Development in Food and Beverages Industry
- Increase Investment in Beverages Industry for Packaging Development
Influencing Trend
- Huge Investment in Research and Development
- Development in E-Commerce Platform
- Advancement in Functional Food
Restraints
- High Cost Associated With Plastic Packaging Raw Materials
Opportunities
- Development in Convenience Food
- Biodegradation Is Becoming Major Attraction Areas in Packaging Industry
Challenges
- The Rise in Concern towards Climate Conditions
- The Slowdown in Economy Because of Pandemic Situation
Key Market Developments:
In Jan 2020, Nestle announced their investment in CHF 2 billion through this initiative the company shifts from virgin plastics to food-grade recycled plastics. With the help of this application the company is developing sustainable packaging solutions, decline the usage of virgin plastics.
There are various companies that are operating in this industry and heavily investing in technology development. There are various market players are entering this industry to capture market growth opportunities. The market leaders are investing in organic and non-organic strategic growth initiatives to become dominant in this industry.
Target Audience:
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Beverage Plastics Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
Major Objectives Focused through this Study
To define, describe, and forecast the Global Beverage Plastics market on the basis of product [PET, HDPE, PVC, LDPE, PP, PS and Others] , application [Bottles/Containers, Dairy, Bakery, Frozen and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Beverage Plastics market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Beverage Plastics industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Aep Industries, Inc. (United States), American Excelsior Company (United States) and Victory Packaging (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Beverage Plastics market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.