Sales of Beverage Carrier Rings Market to Generate US$ 780 Mn Revenues by 2030 The brewing industry across the globe is growing as demand for alcoholic beverages such as wine, beer, and craft beer is continuously increasing. This is creating many opportunities for players in the beverage carrier rings market space. For detailed insights on enhancing your product footprint, request for a sample here – https://www.factmr.com/connectus/sample?flag=S&rep_id=5027 Also, the use of cans is highly preferred over bottles by both, beverage companies and consumers, as these cans can be recycled and reused. Therefore, the demand for canned beverages is rising rapidly, which is one of the most important factors that will help the beverage carrier rings market grow substantially during the years 2020 to 2030. Considering all the above factors, the beverage carrier rings market is expected to expand at a CAGR of nearly 5% during the forecast period of 2020-2030. For critical insights on this market, request for methodology here – https://www.factmr.com/connectus/sample?flag=RM&rep_id=5027 Key Takeaways from Global Beverage Carrier Rings Market Report
Rise in demand for canned beverages will play an important role in the growth of the beverage carrier rings market over the coming years. Rules and regulations imposed by regulatory authorities of different countries have made market players manufacture carrier rings by using fiber and cardboard material. Cardboard beverage carrier rings are expected to gain maximum market share over the period in question. Progress in Asia Pacific countries such as India and China is proving to be important for the growth of the beverage carrier rings market in the region, which is expected to grow at the highest rate among all regions. The COVID-19 pandemic has led disrupted the supply chain of the global beverage industry, as a result of lockdowns, restriction, and labor shortage. As a result, demand for beverage carrier rings will take a hit in the near term.
“Increasing consumption of beverages along with rise in the demand for canned products will drive the growth of the beverage carrier rings market over the coming period”, says a Fact.MR analyst. For in-depth competitive analysis, buy now – https://www.factmr.com/checkout/5027