Technavio Publishes Beverage Packaging Market in Europe Analysis and Forecast 2015-2019
March 26, 2015 | By Business Wire News
LONDON
The Beverage Packaging Market in Europe is expected to grow at a CAGR of 3.64 percent from 2015-2019, according to a new report from research firm Technavio.
About the Report
Urbanization and a rise in disposable income have increased consumption of packaged food and drinks in the European Market. Packaging not only helps generate demand in the market, but also helps maintain the shelf life of the product.
“Manufacturers are developing innovative packaging solutions to tap the growing organized retail and processed food and beverage markets, where consumers demand lightweight, convenient and easy-to-use packaged products,” says Faisal Ghaus, Vice President of Technavio.
The new Technavio report also emphasizes vendors in the market who are investing in the development of new products. Manufacturers are focusing on differentiating their products from their competitors by providing the best packaging products to meet customer needs.
“Reducing the weight of packaging materials and modifying pack formats to lighter configurations is allowing vendors to reduce the cost of transportation, thus benefitting their businesses,” says Ghaus.
Market Scope and Calculation of Market Size
The new Technavio report covers the present scenario and the growth prospects of the Beverage Packaging Market in Europe from 2015-2019.
To calculate the market size, the report considers the sales of packaging material, including:
- Plastic
- Metal
- Glass
- Other Packaging Materials
Information Covered in the Report:
- Key Vendors:
- Amcor
- Ball
- Crown Holdings
- Owens-Illinois
- Rexam
- Market segmentation, size and forecast through 2019
- Market Growth Drivers:
- Preference for RTD Beverages
- For a full detailed list, view our report.
- Market Challenges:
- Constraints for Expanding Production Capacity
- For a full detailed list, view our report.
- Market Trends:
- Product Innovation and Focus on Lightweighting
- For a full detailed list, view our report.
Technavio currently has more than 3000 market research reports on a huge range of topics, including 50+ reports on beverage packaging:
- Global Beverage Packaging Market 2015-2019
- Global Nano-enabled Food and Beverage Packaging Market 2014-2018
If you are interested in more information, please contact our media team at media@technavio.com.
Technavio Research
Jes Ellacott
US: +1 630 333 9501
UK: +44 208 123 1770
Media & Marketing Executive
www.technavio.com
media@technavio.com