Beverage Packaging Bottle Market Will Increase By $35.42 Billion
According to technavio, the global beverage packaging bottle market is expected to grow by US $35.42 billion from 2020 to 2024. The rapid spread of covid-19 forced market suppliers to close some of their businesses. In addition, the closure of restaurants, cafes, cinemas and clubs has also had a negative impact on market growth.
However, in many developing countries, such as China, India, Indonesia and Thailand, the consumption of packaged drinks is increasing. In addition, factors such as increased disposable income and rising global average temperatures are accelerating consumer preferences for bottled and canned water, which will provide new growth opportunities for suppliers over the forecast period.
Post time: Dec-19-2020