The global beverage processing polymers market was worth US$ 591.5 Million in the year 2022 and is expected to reach US$ 845.4 Million in the year 2032 at a CAGR of 7.3% between 2022 and 2032.
With alcoholic beverages such as whisky, wine, and beer being used at a notable rate, the demand for beverage processing polymers is expected to substantiate in the years to come.
Polyvinylpolypyrrolidone is a commonly used polymer in wine and beer filtration process. There are nylon 6 polymers used to produce tea bags owing to mechanical properties and resistance against heat.
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Non-alcoholic beverages account for more than 60% of the market share due to growing preference for relaxation drinks, tea, ready-to-drink beverages, energy drinks, and likewise. It’s a known fact that beverages play a vital role in our lives. Almost every single person starts his/her day with consumption of tea/coffee. The polymers are combined with various additives, pigments, and modifiers for catering to the end-users. As per the Tea Association of USA, close to 3.8 Billion gallons of tea were consumed in 2019-2020 in the US alone. Black tea accounts for ~83% of the market share.
The ongoing trend is that of bio-based polymers; which are derived from sugarcane or corn. PHAs (polyhydroxylalkonoates) and PLA (polylactic acid) are the bio-degradable polymers preferred for beverage packaging bottles. Coca-Cola and PepsiCo are making use of bio-based polymers to produce beverage bottles.
At the same time, it needs to be noted that non-bio-degradable polymers are adding to plastic waste. Research states that plastic weighing around 100 Million metric tons get dumped in the marine systems every year. This factor is expected to restrain the beverage processing polymers market going forward. Resorting to bio-degradable polymer would serve dual purpose – curb environmental pollution (due to lower footprint of CO2) and avoid the further piling up of plastic waste.
Future Market Insights has entailed these facts with future perspectives in its latest market study entitled ‘Beverage Processing Polymers Market’ with its line of expertise in the form of analysts and consultants taking a 360-degree view with macro- and micro-level analysis.
“With growing usage of polymers in microfiltration, osmosis, ultra-filtration, and nano-filtration, the global beverage processing polymers market is bound to witness splendor in the upcoming period”, says an analyst from Future Market Insights.
Key Takeaways from Beverage Processing Polymers Market
- North America holds the largest market share due to flourishing food & beverages sector in the US and Canada alike. There is a spike in demand for non-alcoholic beverages like tea and coffee amongst the populace. The NCA (National Coffee Association) states that 70% of Americans consume coffee on weekly basis; whereas ~60% consume every single day. Premium coffee beans are in sizable demand in North America.
- Europe is expected to grow on the grounds mentioned above in the forecast period.
- Coming to the Asia-Pacific, growing awareness about advantages of intake of tea – like strengthening of teeth and bones, controlling blood pressure, and reduction in risk of cancer could enhance the sales of beverage processing polymers going forward. Also, organic and all-natural ingredients are cold stored, so that their freshness stays intact.
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Competitive Polymers
- Tetra Pak, in February 2021, came up with recycled polymers for the key participants in food and beverages vertical.
- BASF SE, in 2019, entered into collaboration with SIBUR for developing new-fangled polymer solutions including PP polypropylene and PE polyethylene grades.
- Neoma Foods, in June 2022, did launch ‘PepperTea café’ at Hyderabad (India) for delivering traditional Indian tea in several flavors.
What does the Report enclose?
- The research study is based on polymer type (PVPP & PVI, PVPP & PS, caprolactum or nylob 6, PES (polyethersulphone), and PVDF), and by beverage type (wine & beer, tea, coffee, carbonated drinks, bottled water, fruit-based beverages, and likewise).
- With polymers proving to help in the process of infiltration (beverage sector, in particular), the global beverage processing polymers market is expected to grow on a gracious note in the forecast period.
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