Convenient and Sustainable Packaging Solutions is Estimated to Propel the Beverage Packaging Market

The global beverage packaging market size is expected to reach USD 173.26 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 4.5% during the forecast period. Increasing consumption of beverages coupled with surging demand for convenient and sustainable packaging solutions is estimated to propel the market.

The global beverage packaging market is witnessing a huge demand from alcoholic as well as non-alcoholic beverage segments in emerging economies. The overall market is also observing growth on account of soaring demand for functional drinks. Rapid urbanization and widening base of middle-class population in developing economies are resulting in lifestyles changes, including rise in the demand for beverages.

Bottle & jars were the largest product segment in 2016. However, carton is anticipated to witness the most promising growth over the forecast period owing to burgeoning adoption of active packaging. It helps in extending shelf life of products by utilizing several systems such as moisture absorbers, oxygen scavengers, antioxidants, and antimicrobial agents. It can also facilitate easier processing as well as consumption of the beverage.

Bottle & jars are typically made up of glass and plastic. The demand for plastic bottles is directly supplemented by rising consumption of bottled drinking water and carbonated soft drinks. High-density polyethylene (HDPE) and polyethylene terephthalate (PET) are among the major grades of plastics utilized to manufacture plastic bottles. Phenomenal growth in the single-serve water packaging segment is likely to push the demand for plastic bottles during the forecast period.

In depth research report on Beverage Packaging Market

https://www.grandviewresearch.com/industry-analysis/beverage-packaging-market

Further Key Findings from the Report Suggest:

·       The global beverage packaging market is projected to reach USD 173.26 billion by 2025, registering a CAGR of 4.5% from 2017 to 2025

·       In terms of revenue, bottle & jars were the largest product segment in 2016, accounting for 33.4% of the global market. Rise in demand for bottled drinking water is poised to supplement the demand for bottles & jars

·       Glass was the most significant material segment in 2016 and is expected to maintain its dominance throughout the forecast period

·       Asia Pacific was the leading revenue generating region in 2016, while North America is estimated to register the fastest CAGR from 2017 to 2025

·       Rapid growth in the e-commerce industry is driving the change and demand for packaging

·       Key players include Mondi PLC; Sonoco Product Company; Bemis Company Inc.; Alcoa Corporation; and Stora ENSO.

Grand View Research has segmented the global beverage packaging market on the basis of product, material and application:

Beverage Packaging Product Outlook (Volume, Billion Liters; Revenue, USD Million, 2014 - 2025)

·       Can

·       Bottle & jars

·       Pouch

·       Carton

·       Others

Beverage Packaging Material Outlook (Volume, Billion Liters; Revenue, USD Million, 2014 - 2025)

·       Plastic

·       Glass

·       Metal

·       Other

Beverage Packaging Application Outlook (Volume, Billion Liters; Revenue, USD Million, 2014 - 2025)

·       Alcoholic

·       Non alcoholic

Browse more research reports of this category:

https://www.grandviewresearch.com/industry/food-safety-and-processing

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit: http://www.grandviewresearch.com/

Sugar Substitutes: Growing Awareness and Rising Consumer Inclination Towards Low-Caloric Food and Beverages

The global sugar substitutes market size is expected to reach USD 19.1 billion by 2024, according to a new report by Grand View Research, Inc., posting a CAGR of 4.2% during the forecast period. Growing awareness and rising consumer inclination towards low-caloric food and beverages, especially in developing countries are likely to help the market gain significant momentum over the forecast period.

Sugar substitutes are majorly used in the form of sorbitol, tagatose, and aspartame saccharine in the healthcare, cosmetics, and food & beverage industry. Increasing importance of artificial sweeteners in the formulation of confectioneries, bakery, dairy, and frozen foods is estimated to work in favor of the market.

The food segment is expected to achieve the fastest growth over the forecast period, owing to increasing awareness and changing consumer patterns for low-calorie food products. The major market players in the food industry are focused on the development of superior quality products at economical pricing. The above trends are expected to propel demand for sugar substitutes over the forecast period.

Rising prevalence of health problems related to sugar consumption in emerging economies is stimulating the growth of the overall market. Fluctuating supply and pricing of sugar is expected to create opportunities for sugar substitutes.

Sugar substitutes are used in various applications including bakery, confectionery, dairy, frozen foods, beverages, pharmaceuticals, and personal care. Rising health awareness among population and ongoing technological advancements are among the key factors anticipated to trigger the growth of the market.

However, stringent regulatory framework for the production of sugar substitute products and notion among common masses that consumption of sugar substitutes triggers health problems are projected to keep the market from realizing the utmost potential during the forecast period.

In depth research report on Sugar Substitutes Market

https://www.grandviewresearch.com/industry-analysis/sugar-substitutes-market

Further Key Findings from the Report Suggest:

·       In terms of revenue, the high intensity sweeteners segment is anticipated to reach USD 8.7 billion by 2024, maintain its dominance throughout the forecast period

·       In terms of revenue, the low intensity sweeteners segment is projected to expand at a CAGR of 5.1% over the forecast period

·       The beverages application segment dominated the market with a share of 43.5% in 2015

·       The North America sugar substitutes market is anticipated to exceed 6,891.5 thousand tons by 2024

·       Asia Pacific is projected to witness a remarkable growth rate of 7.0% over the forecast period. Key markets in Asia-Pacific include China, India, Japan, and South Korea.

·       Some of the key companies present in the market are Tate & Lyle.; Cargill; Incorporated; Archer Daniels Midland Company; Ingredion Incorporated; Roquette; Ajinomoto Co.; Inc.; JK Sucralose Inc.; PureCircle; The NutraSweet Company; and E. I. DuPont De Nemours.

Grand View Research has segmented the global sugar substitutes market report on the basis of product, application, and region:

Sugar Substitutes Product Outlook (Volume, Thousand Tons; Revenue, USD Million, 2013-2024)

·       High intensity sweeteners

·       Low intensity sweeteners

·       High fructose syrup

Sugar Substitutes Application Outlook (Volume, Thousand Tons; Revenue, USD Million, 2013-2024)

·       Food

·       Beverages

·       Others

Browse more research reports of this category:

https://www.grandviewresearch.com/industry/nutraceuticals-functional-foods-and-dietary-supplements

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit: http://www.grandviewresearch.com/