Impact of COVID-19 on Economy, Industry and Company :
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in significant demand & supply gap, production delay and weak consumer demand of end products across industries. At Bizizz Market Research, our analyst has done extensive research across industries and identify various methodologies which would assist C-Level executive to counter this ongoing threat and make informed business decision.
Kindly contact us to know more details: https://www.bizizzmarketresearch.com/contact
The Global Grab and Go Bottles Market were valued at US$ XX in 2019 and it is anticipated to exhibit a CAGR Of 6.5% to reach the Market value of US$ 74 BN till 2028.
Aligning with the booming busy lifestyle drift, grab and go bottles are re-envisaging the product packing leaning. Food and beverage products like dairy and soups and other types such as body care goods and beautifiers products packed in the grab and go bottles have previously entered the mainstream, as customers proceed to give a distinct liking to their grab-and-go comfort constituent. Such preferred variations are well taken by retailers who have been acknowledging to emerging eating behaviors by specialty merchandises such as functional foods and drinks pre-packed in a custom fashioned grab and go bottles.
Growing Demand for Single-Use and Recyclable Goods coupled with increase in Online Food orders are driving the demand for Grab and Go Bottles across the Globe
As the employed demographic population is inflating, the necessity for food and beverages that needs the least making period increments. Corporations are living by the idea that customers, particularly singleton homes, are hesitant in spending on products including the price that seems superfluous for their eating. Store owners, in response to the shifting consumption habits, are substituting bulk packaging on the racks with unique packaging, like grab and go bottles. Moreover, customers are seeking for things that are ready-to-eat and eat them in single servings to control environmental garbage.
Due to the environmental concerns regarding the disposable plastics, manufactures of grab and go bottles are adopting reusable plastics such as Polyethylene Terephthalate (PET), Polyethylene (PE), and Polypropylene (PP). Reusable plastics will estimate for a mountainous 3/4th part in the total grab and go bottles market incomes by the end of the evaluation interval. Superior synthetic and crash protection and 100% reusability of Polyethylene Terephthalate (PET) proceed to place it as the favored substance of preference amongst grab and go bottle producers.
Europe is projected to endure at the uppermost position concerning market portion
The European region is estimated to stay at the lead concerning market percentage for grab and go bottles in the course of the assessment timeframe. In Europe, Spain, France, Germany, Italy, and the United Kingdom are forecasted to perceive momentous requisition for grab and go bottles, on account of growing intake of carbonated drinks.
The Asia Pacific region is anticipated to be the next biggest market after Europe and expand at a prominent growth rate throughout the evaluation period. Accelerated lifestyle variations in terms of operating times, traveling time and decreased time for everyday errands occur in a heightened liking for wrapped food & beverages. This, eventually, is anticipated to produce notable requirements for grab and go bottles. In Asia Pacific region, China is envisioned to prevail profoundly charming concerning market percentage and progress rate for grab and go bottles in the course of the assessment period. Modifying the way of life has been perceived amongst the middle class community as a result of the accelerated evolution of various nations. A notable transformation from rural to metropolitan zones in numerous emerging countries of the Asia Pacific region is a chief circumstance propelling the extension for grab and go bottles market.
North America retains a substantial market percentage in the global grab and go bottles market, and is forecasted to grow at a uniform growth rate in the upcoming years.
Key players operating in the global grab and go bottles market are ALPLA Werke Alwin Lehner GmbH & Co KG, KanPak LLC, Intrapac International Corporation, Ardagh Group S.A., Owens-Illinois, Inc., Vidrala SA, Nampak Limited, Graham Packaging Company, Inc., Gerresheimer AG, Berry Global Group, Inc., and Amcor Plc.
Global Grab and Go Bottles Market Segmentation
Global Grab and Go Bottles Market, by Material
- Polyethylene Terephthalate (PET)
Global Grab and Go Bottles Market, by Capacity
- Up to 250 ml
- 251-500 ml
- 501-1000 ml
- Above 1000 ml
Global Grab and Go Bottles Market, by End Use
- Sauces & Condiments
- Soups & Syrups
- Dairy Products
- Tea &Coffee
- Soft Drinks
- Bottled Water
- Cosmetics & Personal Care
Global Grab and Go Bottles Market, by Region
- North America
- Asia Pacific
- Latin America
- Middle East & Africa