Beverage Packaging
Packaging plays a major role in the beverage industry. Juice packaging is necessary for increasing
1. Shelf life
2. Convenience
3. Sustainability
In the beverage Packaging industry, the major components include rigid plastics, Flexible plastics, Metal, Glass, Tetra packs and Labels which are packed in various types like a bottle, can, pouch, cartons, and others.
Talking about the beverage packing industry, the size of the market was estimated at USD 117.0 billion in 2016 and is expected to reach a value of USD 142.28 billion by 2023 at a CAGR of 4.17%, over the forecast period (2018-2023).
Packaging industry also has to constantly find innovative ways to reduce the weight of the bottle. Many manufacturers are making efforts to reduce the weight of the existing material or switch to lighter pack format.