These segments of the printing and packaging industry will usher in great development
[CPP114] News: Although the epidemic is not over, the development of the industry cannot be stopped. It is still necessary to explore the various business opportunities in the industry with an eye for discovery. The global printing ink market is expected to reach 27.8 billion U.S. dollars According to a new study released by Polaris Market Research Company, by 2026, the global printing ink market is expected to reach 27.8 billion U.S. dollars.
Although the epidemic is not over, the development of the industry cannot be stopped. It is still necessary to explore the various business opportunities in the industry with an eye for discovery.
The global beverage packaging market will grow to USD 133.3 billion
By 2026, the global beverage packaging market is expected to grow from USD 86.1 billion in 2018 to USD 133.3 billion, with a compound annual growth rate of 5.6% from 2019 to 2026. The packaging of beverages is a complicated process, and diversified non-alcoholic beverages such as alcoholic beverages or alcoholic beverages require the use of different materials and containers.
Glass, metal, plastic, cardboard and combinations thereof can be used to make beverage packaging to preserve the beverage before it reaches the customer. However, the analysis of the beverage type is necessary to determine the packaging material, which in turn improves and maintains the quality of the beverage and helps to extend its shelf life. Beverages are mainly divided into alcoholic and non-alcoholic categories, and the products are largely diversified according to their chemical composition.
Continuous product development enables manufacturers to produce more convenient packaging, which not only makes it easy for customers to operate, but also helps them make light-weight products. This attracts customers and promotes the overall sales of beverages, thereby boosting the market for beverage packaging. Moreover, due to the decline in the standard of drinking tap water, the consumption of bottled water has increased, which has also promoted the market growth of the beverage packaging industry.
In addition, the adoption of automation and the rise of the Internet of Things (IoT) has expanded the size of the beverage packaging market by enhancing production processes, thereby providing impetus to the market. On the contrary, it is expected that the implementation of plain packaging of alcoholic and sugary beverages during the forecast period will limit the growth of the beverage packaging market.