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Global Beverage Multipacks Market Overview

Global Beverage Multipacks Market Overview

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Global Beverage Multipacks Market Overview

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  1. Global Beverage Multipacks Market Overview: 2020-2026 Global Beverage Multipacks Market is anticipated to reach US$XX billion by 2026 from US$XX in 2019, at a CAGR of XX% during the forecast period. Beverage products are increasingly being sold in multipacks/cluster packs in grocery stores and bottle shops these days. The convenience and provision of having 4, 6, 8, and 12 packs help in the quick sale of the product and reduce logistics costs. Multi-packaging helps in clearing the old stocks quickly as discounts offered on multi-packs lead to bulk buying. For a manufacturer, beverage multi-pack products have come out as an innovative way to enhance the purchase weight of consumers as well as raise assortment purchases. Multi-pack products also help in retaining brand loyalty, assuring consumer doesn’t switch to some other brand too soon. The upper-middle-class and above consumer segment is the largest buyer of beverage multi-packs, where convenience is a big factor while buying. The increasing need for product differentiation, sustainability, and aesthetic appeal is leading to the constant evolution of beverage multipack products in the market. The study includes a detailed market assessment. It does so by in-depth qualitative perspectives, historical evidence, and market size verifiable predictions. Using validated research methodologies and assumptions, the predictions featured in the study have been derived. The research report thus serves as an analysis and information for all aspects of the market, including, regional markets, technologies, and by applications. Global Beverage Multipacks Market Dynamics: Growing consumption of alcoholic & non-alcoholic beverages and carbonated soft drinks as well as increasing demand for ready-to-drink alternative beverages such as organic juices, enhanced water & functional beverages are the vital factors boosting the growth of beverages multipacks market. According to reports, the beverage industry sales of flavored water was valued at about US$ 5.64 Bn in 2019, and it is projected to increase to US$ 7.29 Bn. by 2022. Moreover, rise in the middle-class population coupled with rising disposable income is another key factor responsible for the growth of global beverage multipacks market, as middle-class segment holds largest market share for the sale of beverage multi-packs.

  2. Single-use plastics and shrink wrap film is posing a serious risk to the environment. Beverage multipacks are widely produced with the plastic material and low recyclability of plastic is becoming an environmentally risky option, thus hampering the growth of global beverage multipacks market. However, the proliferation of craft beer and niche beverage products market is resulting in the increased need for alternative options to cluster packs. Customization of beverage multipacks according to the needs of the end-user and the key trend of eco-friendly packaging of beverage multipacks have been seen in recent times. These options are slowly gaining market share because of their practical and economic utility and are anticipated to open up new avenues of market growth for the global beverage multipacks market. Similarly, Global Beverage Multipacks Market drivers and restraints are covered in the MMR report by region since each region has different market dynamics. Demand drivers and restraints are covered in a separate chapter by keeping the user’s convenience in mind. Drivers are divided by demand-side drivers and supply-side. Global Beverage Multipacks Market Segment Analysis According to product type, the market is segmented as bottles and cans. Bottles segment dominated the Beverage Multipacks Market in 2020 with the market share of US$ XX Bn due to low cost of raw materials and ease of accessibility of the bottles. To Know About The Research Methodology :- Request Free Sample Report Global Beverage Multipacks Market Regional Insights:

  3. Asia-Pacific is projected to Witness the Highest Growth Rate in Beverage Multipacks Market On the basis of geography, the global beverage multipacks market is segmented into North America, South America, Europe, APAC, Middle East & Africa, and Latin America. Asia Pacific is anticipated to lead the global beverage multipacks market with a market share of XX% due to the rise in the beverage industry as well as modern retail formats in the region. North America beverage multipacks market is likely to follow the APAC market during the forecast period. According to Business Wire, Asia Pacific dominated the food and beverage industry, accounting for 46% of the global market followed by North America, making up 24% of the global share in 2019. The report also helps in understanding Global Beverage Multipacks Market dynamics, structure by analyzing the market segments and project the Global Beverage Multipacks Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Beverage Multipacks Market make the report investor’s guide.

  4. Scope of Global Beverage Multipacks Market: Inquiry before Buying Global Beverage Multipacks Market Segmentation by Region • North America: o US o Canada o Mexico • South America o Brazil o Argentina o Colombia o Rest of South America • Europe o UK o Germany o France o Spain

  5. o Italy o Sweden o CIS countries o Rest of Europe • APAC o China o India o South Korea o Japan o Australia o Rest of APAC o ASEAN  Indonesia  Malaysia  Singapore  Philippines  Thailand  Vietnam • Middle East & Africa o GCC Countries o South Africa o Nigeria o Egypt o Rest of MEA • Latin America o Mexico o Brazil o Rest of Latin America Global Beverage Multipacks Market Major Players • World Label Holdings Inc. • Graphic Packaging • Pack Service S.A. • Pry-Pak Inc. • MeadWestvaco Corporation • Cott Beverages Ltd. • WestRock Company • Hi-Cone • Mayr-Melnhof Packaging • Coveris Holdings Sa • Ceisa Semo • Clondalkin Group

  6. • RKW • Amcor Plc • Berry Global Inc. • Plastotecnica SpA • Clearpack group • Sarkina • Baroda Packaging Visit @: This Report Is Submitted By : Maximize Market Research Company About Us: Maximize Market Research: Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.

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