The European beverage packaging market is projected to showcase a CAGR of 6.2% during the forecast period (2020-2026). Food and beverage production is one of the largest sectors in Europe. According to Eurostat, nearly 289,000 companies existed in the European Union which engage in the manufacturing of the food and beverage products. UK and Germany are likely to dominate the European beverage packaging market owing to the increased demand from the countries along with the presence of the key manufacturers in the countries. In Russia, the consumption of milk and dairy products in the country has increased significantly, which creates opportunities for manufacturers to increase their production capabilities and this in turn, will demand sustainable beverage packaging across the region.
Browse the full report description Europe Beverage Packaging Market Size, Share & Trends Analysis Report by Material (Glass, Plastic, Paper, Metal), By Product (Bottles & Jars, Cans, Pouches, Cartons, Others), and by Beverage (Non-Alcoholic and Alcoholic), and Forecast 2020-2026 at https://www.omrglobal.com/industry-reports/europe-beverage-packaging-market
Some other key factors that drive the growth of the European beverage packaging industry include the increasingly urban and young population pool entering the middle-class segment which is surging the consumption of various beverages in the region. Besides, this pool is also willing to pay for premium products; thereby, influencing the overall value of the beverages market and hence creates demand for packaging solutions in the region. Further, the increased trends of consuming alcoholic drinks amongst the millennial population also encourage the manufacturers to develop innovative and lucrative packaging to attract the customers. Thus, these factors encourage the European beverage packaging market over the forecast period.
Market Coverage
Key questions addressed by the report
o Recovery Timeline
o Deviation from the pre-COVID-19 forecast
o Most affected segment
Europe Beverage Packaging Market – Segmentation
By Material
By Product
By Beverage
Europe Beverage Packaging Market – Countries Covered
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