The increase is due to rising demand for printing inks from the packaging industry.

Abbott Laboratories and Clif Bar & Co. to emerge as dominant players.

Functionality, sustainability and shelf appeal will continue to be key factors in the choice of packaging in this market, with formats made from plastic continuing to edge out other materials in most cases.

A new report by ReportLinker says it will progress at a CAGR of 3.79% between 2022-2026.

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.

Despite the pandemic disruption, 83% of consumers among younger generations (<44) showed a willingness to pay more for sustainable packaging.

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.

Packaging, labeling and various other cumulative applications involving poster displays provide manufacturers and suppliers with stable revenue streams.