The market for growlers worldwide demonstrated significant strength in 2021 and is projected to experience a high revenue CAGR throughout the forecast period. One of the main drivers of market growth is the expanding food and beverage industries, which is attributed to the increasing consumption of beverages globally.
Growlers are containers that have hinged gaskets or screw-on caps, typically made of glass, ceramic, or plastic, and are utilized to store and transport beverages such as carbonated and noncarbonated drinks, beer, cider, and other similar beverages. Additionally, growlers with valves are utilized in wineries to transport and store wine in large quantities. The benefits of growlers, such as longer storage time and preservation of the flavor of the stored beverage, are expected to increase their adoption in the market. However, the high initial investment cost and a shortage of skilled workforce are likely to hinder revenue growth in the global growlers market.
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Top Companies Operating in the Global Growlers Market Report:
- Berlin Packaging LLC
- Orange Vessel Co.
- Alpha Packaging
- William Croxsons & Sons Limited
- GrowlerWerks, Inc.
- Global Glass Solutions
- Portland Growlers Company
- Drink Tanks Corporation
- Ardagh Group S.A.
- Boelter Companies, Inc.
Market Overview:
In the food and beverage sector, all businesses involved in the processing, packaging, or distribution of raw food materials are included. In addition to medications, this industry touches all human-made products, including fresh and packaged meals, alcoholic and nonalcoholic beverages.
Since the Covid-19 outbreak has caused a financial depression, consumers are trying to conserve their money as much as possible. To do this, consumers are buying more generic things and cooking their own meals instead of eating out. In order to reduce the cost of goods sold, attract more customers, and increase profit margins, food processing companies are becoming more creative.
As a result of obesity, the global food and beverage industry is experiencing tremendous growth. As consumers' desire for healthy foods has increased, so has their demand for more detailed nutrition data. Both of these changes have caused companies to launch lower-calorie foods and tighten their control over how their brands are perceived.
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To assist readers in making profitable business decisions, the report is written with the help of industry analysts, market segmentation, and data collection. In addition to providing a comprehensive database of technological and product advances, the report provides detailed information on growth rates, market values, as well as niche market segments.
This report analyzes the Growlers market in terms of growth rate, market share, current and emerging trends, production and consumption ratios, industrial chains, demand and supply, imports, exports, revenue contribution, and key player presences in key regions. As a part of the report, a country-by-country analysis of the Growlers market is provided to gain a deeper understanding of its growth and progress.
The global Growlers market is segmented into:
· North America (U.S.A., Canada, Mexico)
· Europe (Italy, U.K., Germany, France, Rest of Europe)
· Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
· Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
· Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further Market Segmentation
Application Outlook (Revenue, USD Billion; 2019-2030)
- Non-alcoholic Beverage
- Alcoholic Beverage
Material Type Outlook (Revenue, USD Billion; 2019-2030)
- Plastic
- Ceramic
- Glass
Key Questions Addressed in the Report:
· What are the dominating factors that are influencing the growth of the industry?
· In the forecast period, which market segment is expected to rise the most?
· What are the risks and challenges that the industry is facing?
· In the coming years, which area is projected to dominate the market?
· Who are the major players in the market? What kind of strategic business plans have they made?
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