Brandessence Market Research has published a new report titled “Global Beer Market: 2018-2024“. According to the BMRC the Biodegradable Packaging Industry is expected to grow at 854.90 USD billion by 2024.
Beer is an alcoholic beverage, usually made from malted grain, brewed by slow fermentation, flavored with hops, yeast and water. Beer is an industrial product with around 97% of water content. The brewing process involves milling, mashing, lautering, boiling, cooking, fermentation and conditioning. There is evidence is that brewing process was established in Babylon in 6000 B.C.
In 2017, the global beer market was valued about USD 550.14 billion and it is expected to grow at CAGR of around 6.5% for the forecast 2018 to 2024. So, the biodegradable packaging industry is expected to grow at around USD 854.90 billion by 2024.
Global beer market is growing with the rising demand and changing human lifestyle. U.S. is the second largest country in world to produce beer with sales value around USD 41.48 billion. Moreover, the industry is growing with lion’s growth rate due to factors like several strategic partnership and collaboration. Others factors responsible for the growth of global beer market are like increasing customer base and new product launch. In this industry, there are number of small manufacturer are there, who are affecting the sales of top players. In forecast period also number of new strategic partnership, collaboration, new product launch are expected to. However, strict government regulations and high taxes in number of countries are affecting the market growth of beer market. Nonetheless, untapped market and new product launches are expected to generate new opportunities in this market.
The regional segmentation covers the current and forecast demand for the North America, Europe, Asia Pacific, Latin America and Middle East and Africa for Global beer market. In 2017, the market of beer is dominated by Europe with more than 32% market share and it is expected to mention its dominance in forecast period.
The companies profiled in the report covered different parameters includes the company overview and financial overview, a product offered by them which can help in assessing competition in the market, business strategies adopted by them along with their recent developments and innovation. Key manufacturers for the global beer market include Heineken N.V., SABMiller Plc., Anheuser-Busch InBev, Carlsberg Group, United Breweries Group (UB Group), Diageo Plc., Tsingtao Brewery, Molson Coors Brewing Company, Boston Beer Company, Beijing Yanjing Brewery among others.
This report segment of global beer market as follows:
Global beer Market: Product Type Segment Analysis
- Strong Beer
- Light Beer
Global Beer Market: Packaging Type Segment Analysis
- Glass Bottle
Global Beer Market: Production Type Segment Analysis
- Macro Brewery
- Micro Brewery
Global Beer Market: Regional Segment Analysis
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa