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Russia’s beverage packaging market was valued at USD XX billion in 2017 and is projected to reach USD XX billion by 2022, growing at a CAGR of XX% during the forecast period 2017-2022. The market for beverage packaging is directly proportional to the demand from beverage manufacturing industry. The consumption of beverages is on the rise across all the developing economies. Stringent government regulations for environmental safety have placed barriers on the production and disposal of synthetic polymers like plastic. As a result, beverage manufacturing companies are focusing on innovative packaging solutions to make it more convenient for the consumers.
The beverage packaging market is driven by factors like changing consumer buying behavior and the need for longer shelf-life of the products. Government and industry regulations along with the ban of certain synthetic materials used in the packaging solutions due to rising concerns about environmental sustainability lay cost pressures on manufacturers and are some of the factors that may hinder the growth of the market.
Russia’s beverage packaging market is segmented based on type, products, beverage type, and geography.
Some of the key players mentioned in the report are
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