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.

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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.

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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.

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