Global Bottle Display Packaging Market 2018-2022
About Bottle Display Packaging
Technavio’s market research analysts have identified the growth in the beverages industry as one of the primary factors that will trigger the growth of the bottle display packaging market in the coming years. With the emergence of new varieties of beverages and drinks, both alcoholic and non-alcoholic, the beverage industry is witnessing a steady rise in the market.
Technavio’s analysts forecast the global bottle display packaging market to grow at a CAGR of 8.26% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global bottle display packaging market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Bottle Display Packaging Market 2018-2022
Technavio recognizes the following companies as the key players in the global bottle display packaging market: DS Smith, International Paper, Mondi, Smurfit Kappa, and Sonoco Products Company.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing adoption of shelf-ready packaging. Retail stores and outlets have been constantly taking measures to retain their current customers to increase their prospective buyer base. Many strategies are trailed to know customer responses to products that are displayed in retail outlets. Shelf-ready packaging, one among this kind of strategic procedures, is used as a marketing tool to promote products.”
According to the report, one driver in the market is growth of beverages industry. The beverages industry has been constantly evolving with the introduction of new varieties of beverages and drinks, both alcoholic and non-alcoholic, in the market. The global beverages industry is expected to reach around $2 trillion by 2022, growing at a CAGR of 2%-4% during the forecast period. The major factors driving the growth of the market for beverages are improved economic conditions and rising disposable income.
Further, the report states that one challenge in the market is rise in raw material prices. The display packaging of products can be done using various raw materials such as wood, paper, and metal. The metal and wood display units are used in stores if products need to be retained in their original state for a long period of time. However, many products are display packaged during seasonal sales or promotional period sales, which spans over a short period of time.
DS Smith, International Paper, Mondi, Smurfit Kappa, and Sonoco Products Company.