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Beverage Container Market Adopting New Innovative Packaging Solutions

The global Beverage Container Market size is expected to hit around US$ 258 billion by 2026 and growing at a CAGR of 4.6 % over the forecast period 2020-2026.

The major players in the market are Nordson, Valspar, Akzo Nobel, Kangnam Jevisco, PPG, DMS, and Performance Paints.

      Companies are adopting innovative packaging solutions for beverages to provide shelf appeal and differentiation. A useful package and label highlight the unique selling proposition, showcasing everything that sets the product apart. In January 2020 - Ardagh Group, Glass - North America, a business unit of the Ardagh Group SA and the largest domestic manufacturer of glass bottles for the US wine market, introduced six new sophisticated glass wine bottle designs. In February 2020 - Amcor announced its latest and custom designs at the Wine and Grape Symposium, North America. The company also announced collaboration with Garc?on Wines, a British start-up. Through this collaboration, Amcor will produce flat wine bottles made with post-consumer recycled (PCR) PET plastic in the United States.

      Elevated Enviro- Beverage containers are made of a variety of materials, aluminum, tin, steel, plastic, glass, paper, and their combinations. Plastic bottles are made into plastic flake or plastic fluff and recycled into polyester carpeting, and fiber fill in winter jackets. Tetra Pak containers are recycled back into paper, plastic and aluminum products. Aluminum cans are melted down into new aluminum cans which use only 5 percent of the energy required to make a can from new materials.

      On the basis of material, the global beverage containers market is segmented into Plastic, Glass, Metal and Paperboard. On the basis of packaging format, the global beverage containers market is segmented into Bottles, Liquid Cartons, Cans, Bag-in-boxes and others. On the basis of region it has segmented into North America, Europe, Asia-Pacific and Row. By 2026, Asia-Pacific is expected to grow by more than 4.3%. Asia-pacific is expected to witness a growth of more than 6% by 2026. The changing consumer preferences with high growth in economies including India, China, Indonesia and Malaysia are driving the beverage container market in this region.

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