(Food-Beverage-News.Com, September 17, 2017 ) According to the report Europe Beverage Packaging Market By Type (Bottle, Can, Pouch, Carton), Material (Glass, Plastic, Metal, Paperboard), Application (Alcoholic, Non-Alcoholic, Dairy), And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts (20162021) published by Market Data Forecast, the Europe Anti-Microbial Additives Market was worth USD 27.12 billion in 2016 and estimated to be growing at a CAGR of 4.20%, to reach USD 33.31 billion by 2021.
The market shows steady growth in the mentioned forecasting period. Beverages are a part of our everyday life. Beverages serve many purposes whether it is a hot coffee on Monday morning or a chilled beer on Friday night. Europe comes second in terms of percentage share of the overall market and is a healthy market for beverage packaging.
Beverage packaging is an easy and important way of protecting the beverages from external materials which would otherwise make it unfit to drink and will subsequently decrease the quality of the product. Beverage packaging is the way the brand communicates with its consumers as they can touch and feel the product through packaging. Protecting the beverage and keeping its taste requires packaging and these product features help build trust and loyalty among its consumers.
The market is driven by the rapid growth of the beverage packaging industries in the region. In the recent times, UK, Spain, Italy, Germany and France are observing an increased demand in the consumption of alcoholic beverages, majorly due to the growing disposable income, aging population, and increasing living standards. This is stimulating the growth of the beverages packaging market in this region. The factors which negatively affect the beverage packaging industry are the growing concerns over the use of plastic. Some environmentalists consider it as a major threat for health and point out the amount of CO2 emissions associated with it. These are some of the factors which hinders the growth of the market.
The Europe Beverage Packaging market is segmented into Type (Bottle, Can, Pouch, Carton), Material (Glass, Plastic, Metal, Paperboard). Based on Application, the market is further segmented into Alcoholic beverages packaging, Non-Alcoholic beverages packaging and Dairy beverages packaging. Glass based beverage packaging accounted for the highest revenue of the overall market and plastic packaging is projected to showcase high growth rate during the forecast period. Based on the geography, the Europe market is analysed under various regions namely UK, France, Spain, Italy, etc. The beverage packaging market was dominated by UK, with the overall market share of over 28%. UK was followed by France and Spain.
Some of the major players of Europe Beverage Packaging market: Saint-Gobain S.A. Amcor Limited Tetra Laval International S.A. Rexam PLC Owens-Illinois, Inc. Crown Holdings, Inc. Mondi PLC Ball Corporation Reynolds Group Holdings Limited Alcoa Inc Stora Enso Oyj
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