M a r k e t N e w s
Cider packaging market to grow at 4.98% CAGR during 2016-2020 set to grow according to forecasts
Posted on : Friday , 2nd September 2016
The analysts forecast global cider packaging market to grow at a CAGR of 4.98% during the period 2016-2020. The worldwide consumption of cider is expected to grow at a rate of 5% per year and will reach 3 billion liters by 2020.
The market will see a slowdown in its largest market in Europe which accounts for more than 40%. However, it is expected to witness strong growth in the markets of the US, Australia, and South Africa.
70% of the consumption is expected to come from these countries.
The following companies are the key players in the global cider packaging market: Amcor, Ardagh Packaging, Ball, Crown Holdings, Owens-Illinois, and Rexam.
Other Prominent Vendors in the market are: Allied Glass Containers, Can-Pack, MeadWestvaco, Nampak, Plastipak Packaging, Silgan Holdings, Consol Glass, Vetropack Holding, and Vidrala.
The report, Global Cider Packaging Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.
The report also includes a discussion of the key vendors operating in this market.
Source : www.whatech.com
