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The global consumer packaging market is anticipated to grow at a CAGR of 5.1% during the forecast period (2020-2026). Rising inclination towards sustainable packaging is contributing to the increasing innovations in the consumer packaging sector. Diageo plc, Unilever plc, Nestlu00e9 S.A., and the Coca Cola Co. are some major food and beverage and personal care companies that are replacing their product packaging with 100% recyclable packaging.
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Global Consumer Packaging Market, Size, Share, Analysis Report & Forecast to 2026 The global consumer packaging market is anticipated to grow at a CAGR of 5.1% during the forecast period (2020-2026). Rising inclination towards sustainable packaging is contributing to the increasing innovations in the consumer packaging sector. Diageo plc, Unilever plc, Nestlé S.A., and the Coca Cola Co. are some major food and beverage and personal care companies that are replacing their product packaging with 100% recyclable packaging. For instance, in May 2020, Nestlé Waters launched its first 100% recycled plastic water bottle to reinforce its commitment to sustainability in Spain. The new 1-liter water bottle of Nestlé Aquarel has three attractive designs that include messages to encourage people for recycling. Get Free Sample Copy @ https://www.omrglobal.com/request-sample/consumer-packaging- market The introduction of this new product is a part of the Nestlé Waters' commitment which includes that all bottles of mineral water, which are already 100% recyclable, will consist of a large percentage of recycled plastic. Therefore, it is the first bottle developed from 100% recycled Polyethylene terephthalate (PET) plastic and is launched in the Spanish market. The company declared that in the coming months, it will continue to widen the use of recycled plastic in other major formats in its portfolio. This, in turn, will encourage other firms to launch more eco-friendly and innovative packaging solutions for their products, and thereby will leverage the market growth. Other key factors driving the market growth include growth in end-user industries and the expansion of the e-commerce sector. A https://www.omrglobal.com/industry-reports/consumer-packaging-market Full Report of Global Consumer Packaging Market is Available at: Scope of the Global Consumer Packaging Market
Market Coverage The market number available for 2019-2026 Base year- 2019 Forecast period- 2020-2026 Segment Covered- By Material and End-User Regions Covered- North America, Europe, Asia-Pacific, and Rest of the World. Competitive Landscape- Anheuser-Busch InBev, Heineken N.V., FIFCO USA, The Boston Beer Co., and Kirin Holdings Co., Ltd. Key questions addressed by the report What is the market growth rate? Which segment/region dominates the market in the base year? Which segment/region will project the fastest growth in the market? How COVID-19 impacted the market? o Recovery Timeline o Deviation from the pre-COVID forecast o Most affected country/segment Who is the leader in the market? How players are addressing challenges to sustain growth? Where is the investment opportunity? Global Consumer Packaging Market-Segmentation By Material Plastic Paper Glass Metal By End-User Food Beverage Healthcare Personal Care and Cosmetics Household Goods
Global Consumer Packaging Market– Segment by Region North America US Canada Europe Germany UK France Spain Italy Rest of Europe Asia-Pacific China Japan India Rest of Asia-Pacific Rest of the World Latin America The Middle East and Africa Company Profiles Ahlstrom-Munksjö Oyj Alpha Packaging Amcor plc Ball Corp. Berry Global Group, Inc. Cardinal Health, Inc. Coveris Holdings S.A. Crown Holdings, Inc.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/consumer-packaging-market About Orion Market Research Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. Media Contact: Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: info@omrglobal.com Contact no: +91 780-304-0404