The global beverage processing polymers market size is projected to be valued at USD 591.5 Million in 2022 and USD 845.4 Million in 2032. The ability of polymers to help in infiltration processes, especially in the beverage sector worldwide is expected to bode well for the market.
As per FMI, the global beverage processing polymers market is anticipated to exhibit steady growth at a CAGR of 7.3% in the forecast period between 2022 to 2032. Increasing usage in reverse osmosis, microfiltration, nano-filtration, and ultra-filtration processes amid beverage processing is likely to spur the demand for beverage processing polymers in the upcoming years.
| Report Attribute | Details |
|---|---|
| Beverage Processing Polymers Market Estimated Base Year Value (2021) | USD 568.1 Million |
| Beverage Processing Polymers Market Expected Market Value (2022) | USD 591.5 Million |
| Beverage Processing Polymers Market Anticipated Forecast Value (2032) | USD 845.4 Million |
| Beverage Processing Polymers Market Projected Growth Rate (2022 to 2032) | 7.3% CAGR |
The rising usage of polyvinylpolypyrrolidone in the production of alcoholic beverages, such as whiskey, beer, and wine is likely to fuel the market. Surging utilization of nylon 6 polymers for the manufacturing of tea bags owing to their high mechanical and heat resistance properties would also aid sales of beverage processing polymers globally.
Increasing consumer spending in both alcoholic and non-alcoholic beverages backed by high disposable income is projected to augment growth. The entry of several start-up beverage manufacturers in untapped areas is another vital factor that would push sales in the market.
In June 2022, for instance, Brown-Forman Corporation and the Coca-Cola Company joined hands to unveil the classic Jack & Coke cocktail as a pre-mixed, Ready-to-Drink (RTD), branded cocktail option.
Similarly, Mtn Dew, a PepsiCo brand partnered up with Casey’s to introduce a new exclusive range of beverages called Mtn Dew Overdrive in June 2022. The drink features a citrus taste and has hints of lime, raspberry, as well as mango. Thus, the launch of state-of-the-art beverages by prominent players across the globe is set to bolster growth.
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Surging demand for non-alcoholic beverages, such as tea, coffee, carbonated water, juice, soft drinks, and energy drinks is projected to drive the global beverage processing polymers market growth in the evaluation period.
Increasing concerns regarding several health problems, such as heart disease, diabetes, and obesity among people globally are also expected to trigger the demand for functional beverages.
Rapid globalization and ongoing expansion of the organized retail sector in various parts of the globe are some of the other crucial factors that would spur the global market. Manufacturers are set to blend polymers with modifiers, additives, and pigments to meet the requirements of consumers.
Polymers play an important role not only in the beverage industry but also in a wide range of other industries. However, these have water-repelling characteristics and are thus not easily degradable. These remain permanent waste on the planet.
Besides, these are extensively utilized for the manufacturing of packaged bottles. These bottles can lead to numerous environmental issues as they are not degradable.
Hence, governments of various countries across the globe are taking initiatives to reduce the usage of polymers for manufacturing products. On account of the above-mentioned cons, demand for beverage processing polymers may decline in future years.
Principal Consultant
North America is projected to account for the largest beverage processing polymers market share in the future, mentions FMI. Surging consumption of non-alcoholic beverages, such as coffee and tea among people in the USA and Canada is expected to contribute to the regional market growth.
As per the National Coffee Association (NCA), 7 in 10 Americans drink coffee every week, while 62% consume it every day. Since 2015, overall coffee consumption surged by 5% across the USA and approximately 60% of coffee served in the country is gourmet.
Thus, sales of premium coffee beans with the rising disposable income and changing lifestyles of consumers in the USA are set to propel North America.
Increasing awareness about the benefits of consuming tea, such as strengthening bones and teeth, boosting the immune system, controlling blood cholesterol levels, and reducing the risk of cancer in Asia Pacific is expected to spur the beverage processing polymers market size.
The presence of renowned tea manufacturers, such as Apeejay Surrendra Group and Tata Global Beverages in developing countries, such as India, is also projected to bolster growth.
An increasing number of new product launches, such as teas with all-natural and organic ingredients that are often cold-stored to preserve their freshness, as well as the aroma is anticipated to aid growth.
In June 2022, for instance, Neoma Foods launched PepperTea café in Hyderabad to deliver conventional Indian chai in multiple flavors. Hence, a growing number of initiatives by key players to introduce new tea flavors is expected to boost the Asia Pacific market.
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Some of the renowned companies present in the global beverage processing polymers market include Koch Membrane System, BASF, Porvair, 3M, Technofilter, Bucher Filtrox System Ag, Solvay, Ashland, Hyflux Ltd, Atypo Ltd, Pall Corporation, Chemra, Dow Chemical, and Critical Process Filtration Inc. among others.
Key players are mainly focusing on mergers and acquisitions with local or start-up companies to co-develop new products for catering to the needs of end-use industries.
They are also engaging in research and development activities to unveil innovative products and expand their portfolios. Meanwhile, some of the other companies are striving persistently to broaden their manufacturing facilities in developing countries.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 7.3% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million, Volume in Kilotons, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered |
Polymer Type, Beverage Type, Region |
| Regions Covered |
North America; Latin America; Western Europe; Eastern Europe; Asia Pacific Excluding Japan; Japan; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, United Kingdom, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASIAN, GCC Countries, South Africa |
| Key Companies Profiled |
Koch Membrane System; BASF; Porvair; 3M; Techno filter; Bucher Filtrox System Ag; Solvay; Ashland; Hyflux Ltd; Atypo Ltd; Pall Corporation; Chemra; Dow Chemical; Critical Process Filtration Inc. |
| Customization | Available Upon Request |
The global beverage processing polymers market is set to surpass USD 845.4 Million in 2032.
North America is set to lead the beverage processing polymers market in the forecast period.
Koch Membrane System, BASF, Porvair, 3M, Technofilter, Bucher Filtrox System Ag, Solvay, Ashland, Hyflux Ltd, and Atypo Ltd are some of the renowned companies in the beverage processing polymers market.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Polymer Type 5.1. PVPP & PVI 5.2. PVPP & PS 5.3. Caprolactum or Nylon 6 5.4. Polyethersulphone 5.5. PVDF 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Beverage Type 6.1. Wine & Beer 6.2. Tea 6.3. Coffee 6.4. Carbonated Drinks 6.5. Bottled Water 6.6. Fruit-based Beverages 6.7. Others 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 7.1. North America 7.2. Latin America 7.3. Europe 7.4. Asia Pacific 7.5. Middle East and Africa 8. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 9. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. Key Countries Market Analysis 14. Market Structure Analysis 15. Competition Analysis 15.1. Victrex plc 15.2. Celanese Corporation 15.3. BASF 15.4. Ashland 15.5. 3M 15.6. Koch Membrane System 15.7. Solvay 15.8. Dow Chemical 15.9. Critical Process Filtration 16. Assumptions & Acronyms Used 17. Research Methodology
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Beverage Processing Polymers Market
