Beverage Container Market to gain significant revenue by 2025
Category: #business  By Rahul Sankrityayan  Date: 2020-02-14
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Beverage Container Market to gain significant revenue by 2025

Presence of national and international brands in the country has propelled beverage container industry over the past decade. Among all the leading brands, Coca-Cola has accounted for a major beverage container market share as it occupies around 60% of the carbonated drink sector in the Indian beverage industry. Meanwhile, Nestle India Ltd. has accounted for 61.85% of total Nestle S.A. Switzerland business.

Due to rapidly growing population and low recorded rainfalls, the demand for packaged drinking water has been also propelled significantly in the past couple of years. In fact, the Asian Development Bank has forecast that by 2030, India will have a water deficit of 50%.

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Aluminum enables designers and manufacturers to develop premium looking container segments which weigh less, are easier to handle and less expensive to ship. The material can easily be recycled without any quality degradation. With container products like beverage cans, bottles and more, aluminum offers an unmatched combination of high strength and corrosion resistance.

The superior feel and look of aluminum also creates a great impression of product quality that is unmatched by other packaging materials. Increasing number of beverage companies adopting lighter aluminum cans for upcoming product segments will drive metal beverage container market outlook.

Glass containers have also emerged as a safe choice in the beverage container industry. The product boasts of almost zero chemical interactions, ensuring contained aroma, strength and flavor of drinkables. It can be recycled endlessly without loss in purity or quality. Glass cullet is increasingly used in the recycling process as it greatly reduces energy consumption in a furnace.

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Due to rapidly growing population and low recorded rainfalls, the demand for packaged drinking water has been also propelled significantly in the past couple of years. In fact, the Asian Development Bank has forecast that by 2030, India will have a water deficit of 50%.

In 2019, locals in Chennai had to rely completely on packaged drinking water as the Porur Lake in town dried up. With soaring water scarcity, India’s packaged drinking water market will procure significant demand, fostering beverage container market size in the region.

The beverage container market is driven by growing demand for packaged drinks across the globe. Rapid technological advancement in the packaging industry and efforts to curb plastic use has fostered the use of glass and metal containers. Reliable reports estimate beverage containers market to exceed USD 250 billion by 2025.

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/beverage-container-market

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About Author

Rahul Sankrityayan

Rahul Sankrityayan    

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Technology Magazine, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experie...

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