North American Report

Beverage Processing Polymer Market Size Forecast to Grow at a CAGR of 4.5% During 2021-2026

 Breaking News
  • No posts were found

Beverage Processing Polymer Market Size Forecast to Grow at a CAGR of 4.5% During 2021-2026

October 25
21:48 2021
Beverage Processing Polymer Market Size Forecast to Grow at a CAGR of 4.5% During 2021-2026
Beverage Processing Polymer Market
Growing Demand for Bio-based Polymers in the Food & Beverage Industry Is Driving Beverage Processing Polymer Market

Beverage Processing Polymer Market size is forecast to grow at a CAGR of 4.5% during 2021-2026. Polymers help infiltration processes in beverage industries. They are used for microfiltration, ultra-filtration, nano-filtration, and reverse osmosis processes in beverage processing. The growing consumption of alcoholic beverages such as beer, wine, and whisky is propelling the market growth for beverage processing polymers. Polyvinylpolypyrrolidone is one of the commonly used polymers in the beer and wine filtration process. Nylon 6 polymers are used for manufacturing tea bags due to their heat resistance and mechanical properties. The changing lifestyle along with the growing party culture among developing nations are supporting the market growth. Polymers are widely incorporated in food and beverage applications, owing to their abilities in boosting cost-effectiveness and productivity. The growing number of organized retail chains in developed nations, and rapid increase in consumer spending are some of the major factors driving the market growth during the forecast period.

COVID-19 Impact

The COVID-19 pandemic is impacting different industries; one of the few industries that were largely hit to some extent was the polymers industry. The demand for food processing & beverage polymers is moderate during the covid-19 crises. The food & beverage industry is considered under essential goods, so many governments across the globe gave relaxation to this particular industry. However, the food & beverage industry also faced problems related to the supply chain, lack of workforce, and lack of raw materials supply.

Beverage Processing Polymer Market Segment Analysis – By Polymer Type

The PVPP & PVI, and PVPP & PS segments accounted for approximately 25% of the market share in 2020 and are estimated to grow at a significant CAGR during the forecast period. PVPP polymer is readily soluble in cold water and used to prepare free-flowing solutions. They are also used for the filtration and stabilization of beer and wine. They are widely used to removes phenolic compounds, and heavy metal ions, without changing the character of beer or wine. Beverage processing polymers offer various properties such as high mechanical stability, cost-efficient, re-usable, insoluble, and others are some of the major properties further driving the market growth.

Beverage Processing Polymer Market Segment Analysis – By Beverage Type

The non-alcoholic beverage segment accounted for more than 60% of the market share in 2020 and is estimated to grow significantly during the forecast period. The growing demand for functional beverages, such as tea, relaxation drinks, coffee, energy drinks, ready-to-drinking, drives the market growth. Growing health concerns along with gaining popularity for low-calorie content beverages across developed and developing nations are also positively supporting the market growth. The growing trend of using vending machines in corporate offices and public spaces is driving the market for non-alcoholic beverages. According to the research paper PepsiCo., Tyson Foods, and Nestle are the top three companies operating in U.S. food & beverage market. The companies generated approximately US$204.8 Billion in revenue in 2019.

Request for Sample Report @ https://www.industryarc.com/pdfdownload.php?id=502897

Report Price: $ 4500 (Single User License)

Beverage Processing Polymer Market Segment Analysis – By Geography

North America region held the largest share in the beverage processing polymer market in 2020 up to 30%, owing to the rapid growth in the food & beverage sector in the region. The presence of well-developed nations such as the U.S. and Canada are driving the market growth in the region. The presence of key food & beverage companies, including Nestle, Tyson Foods, PepsiCo, Coca-Cola, STARBUCKS CORP, and others, drives the demand for beverage processing polymers. The Asia Pacific region is expected to register a high growth rate during the forecast period (2021-2026). The rapid growth in population, growing number of working individuals, and growth in income levels are some of the major factors driving the regional market. Abundant raw material sources and availability of workforce also supporting the regional demand. According to the Euro monitor report, the Asia Pacific region holds the second position in soft drink production.

Beverage Processing Polymer Market Drivers:

Growing consumption of non-alcoholic beverages

Beverages play an important role in human life, almost every person starts their daily activities with tea or coffee. Non-alcoholic beverages include tea, coffee, soft drinks, energy drinks, fruit juices, carbonated water, and others. The growing concerns regarding obesity and other health awareness are triggering the growth of functional beverages. Based on data published by a research paper, an average of 113.5L of non-alcoholic drinks are consumed by each person in 2021. The rapid growth of organized retail sectors and globalization are supporting the growth of the beverage industry. Manufacturers of beverages are using polymers for filtration, and packaging applications. Polymers are also combined with different pigments, additives, and modifiers to meet end-user satisfaction. According to the Tea Association of USA, approximately 3.8 billion gallons of tea is consumed in the U.S. during 2019-2020. Black tea occupies 84% and 15 was green tea of all tea consumed in the United States.

Growing demand for bio-based polymers in the food & beverage industry

Generally, the polymers are manufactured from petroleum-derived chemistry, refinery, and engineering processes. These polymers are not easily degradable and impact the environment by releasing toxic gages. The food & beverage industries are adopting bio-based polymers in food & beverage processing applications. The development of biodegradable polymers is recognized as one of the most successful innovations in the polymer industry to decrease environmental issues. Bio-based polymers have generally a lower CO2 footprint and are associated with the concept of sustainability. Bio-degradable polymers are developed from corn or sugar cane. Polylactic acid (PLA) and polyhydroxyalkanoates (PHAs) are majorly preferred bio-degradable polymers for manufacturing beverage packaging bottles. The leading beverage companies PepsiCo and Coco-Cola are using bio-based polymers for manufacturing beverage bottles. The bio-based polymers market is expected to grow at a high CAGR of 6.3% during the forecast period.

Beverage Processing Polymer Market Challenges:

Environmental issues

The polymers industry is one of the prominent industries that play a vital role in various manufacturing sectors. Polymers are not easily degradable due to their water-repelling characteristic and remain as a permanent waste on the earth. Polymers are used for manufacturing packaged bottles. These bottles are not easily degradable and lead to various environmental issues. Polymers cause air pollution and water pollution. It is also estimated that approximately 100 million metric tons of plastic are dumped in marine systems annually. Governments across the globe are implementing strict rules and regulations on polymer usage. These are some of the challenges likely to restrain the market growth.

Beverage Processing Polymer Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Beverage Processing Polymer market. Major players in the Beverage Processing Polymer market are 3M, Ashland, Atypo Ltd, BASF, Bucher Filtrox System Ag, Chemra, Critical Process Filtration Inc, Dow Chemical, Hyflux Ltd, Koch Membrane System, Pall Corporation, Porvair, Solvay, Technofilter, and others

Acquisitions/Technology Launches

In February 2021, Tetra Pak company launched recycled polymers for food and beverage manufacturers

In 2019, BASF collaborated with SIBUR to develop innovative polymer solutions. The new polymer solutions include PE Polyethylene and PP polypropylene grades.

Key Takeaways

The Asia Pacific is expected to register a highest CAGR of 5.3% during the forecast period (2021-2026). Changing lifestyles, increasing consumer spending, emerging economies, and rapid population growth are the major factors driving the market growth during the forecast period.

Polymers are replacing metals in the beverage industry. Polymers are easy to handle and less cost compared to metals. They also help to reduce overall costs in the beverage industry.

Polymers used in the beverage industry are corrosion-resistance and chemically inert. Beverage polymers find their usage in different applications such as bottles, fittings, piping, and others

Polymer-based components have a prolonged lifecycle and improve component quality.

Relevant Reports

A. Polymer Processing Aid Market

https://www.industryarc.com/Report/16451/polymer-processing-aid-market.html

B. Bioplastic Composites Market

https://www.industryarc.com/Research/Bioplastic-Composites-Market-Research-501419

For more Chemicals and Materials Market reports, please click here

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to [email protected] to discuss more about our consulting services.

Media Contact
Company Name: IndustryARC
Contact Person: Mr. Venkat Reddy
Email: Send Email
Phone: (+1) 970-236-3677
Address:Madhapur
City: Hyderabad
Country: India
Website: https://www.industryarc.com/