A report from MarketsandMarkets finds that the market is witnessing high growth owing to the increase in demand for lightweight, convenient and cost-effective packaging products and solutions for food and beverage applications.
The non-alcoholic beverages application segment among the other beverage type is expected to hold one of the largest share in the beverage cans market, in terms of value, in 2021.
Brands have to evolve their offering to align with current needs, which currently means community mindedness as well as being responsive to uncertainty.
Months from the start of the COVID-19 pandemic, there appears to be widespread transition on the part of brands: leading away from a “hunker down” mentality centered on protecting availability, and instead moving toward a prolific period of new product development and fresh marketing strategies.
Packaging, labeling and various other cumulative applications involving poster displays provide manufacturers and suppliers with stable revenue streams.