The global beverage packaging market is expected to witness significant growth on account of increasing beverage consumption in emerging markets of Asia Pacific and Latin America. Growing demand for energy drinks is expected to drive the demand for aluminum cans which is expected to have a positive impact on the beverage packaging market. Growing population in countries such as Jordan, Indonesia, UAE, the U.S. and North African nations has been a major factor driving soft drinks and diary beverages demand. Growing beverage industry in these regions is expected to further drive the global market over the next six years. Stringent environmental regulations regarding the usage of chemical additives and plastics in packaging materials are expected pose challenges to market growth over the forecast period. Companies are involved in widespread R&D to develop packaging materials through sustainable means in order to tackle recyclability issues associated with conventional packaging products is expected to yield opportunities over the next six years.
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Asia Pacific market is expected to provide immense opportunities to market participants on account of growing beverage market in the region. Increasing disposable income and growing consumption of soft and energy drinks in emerging markets of China and India are expected to drive the beverage industry growth. Major beverage companies are shifting their focus towards expanding their capacities in Asia Pacific in order to cater to the growing demand. Growth of beverage industry in the region is expected to favorably impact the beverage packaging market over the forecast period.
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Some of the major companies operating in the global beverage packaging market include Rexam Plc, Ball Corporation, Alcoa Inc., Crown Holdings Inc., Mondi Plc, Stora Enzo, and Owens-Illinois Inc.
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