The global beverage processing polymers market size is projected to be valued at US$ 591.5 Million in 2022 and US$ 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) | US$ 568.1 Million |
| Beverage Processing Polymers Market Expected Market Value (2022) | US$ 591.5 Million |
| Beverage Processing Polymers Market Anticipated Forecast Value (2032) | US$ 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 |
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| Regions Covered |
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| Key Countries Profiled |
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| Key Companies Profiled |
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| Customization | Available Upon Request |
The global beverage processing polymers market is set to surpass US$ 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 | Beverage Processing Polymers Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and Their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyers
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032
4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2017 to 2021
4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2022 to 2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Polymer Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Polymer Type, 2017 to 2021
5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Polymer Type, 2022 to 2032
5.3.1. PVPP & PVI
5.3.2. PVPP & PS
5.3.3. Caprolactum or Nylon 6
5.3.4. Polyethersulphone
5.3.5. PVDF
5.4. Y-o-Y Growth Trend Analysis By Polymer Type, 2017 to 2021
5.5. Absolute $ Opportunity Analysis By Polymer Type, 2022 to 2032
6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Beverage Type
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Beverage Type, 2017 to 2021
6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Beverage Type, 2022 to 2032
6.3.1. Wine & Beer
6.3.2. Tea
6.3.3. Coffee
6.3.4. Carbonated Drinks
6.3.5. Bottled Water
6.3.6. Fruit-based Beverages
6.3.7. Others
6.4. Y-o-Y Growth Trend Analysis By Beverage Type, 2017 to 2021
6.5. Absolute $ Opportunity Analysis By Beverage Type, 2022 to 2032
7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2017 to 2021
7.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2022 to 2032
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
8.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017 to 2021
8.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032
8.2.1. By Country
8.2.1.1. USA
8.2.1.2. Canada
8.2.2. By Polymer Type
8.2.3. By Beverage Type
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Polymer Type
8.3.3. By Beverage Type
8.4. Key Takeaways
9. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017 to 2021
9.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Polymer Type
9.2.3. By Beverage Type
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Polymer Type
9.3.3. By Beverage Type
9.4. Key Takeaways
10. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017 to 2021
10.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. United Kingdom
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Europe
10.2.2. By Polymer Type
10.2.3. By Beverage Type
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Polymer Type
10.3.3. By Beverage Type
10.4. Key Takeaways
11. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017 to 2021
11.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032
11.2.1. By Country
11.2.1.1. China
11.2.1.2. Japan
11.2.1.3. South Korea
11.2.1.4. Malaysia
11.2.1.5. Singapore
11.2.1.6. Australia
11.2.1.7. New Zealand
11.2.1.8. Rest of APAC
11.2.2. By Polymer Type
11.2.3. By Beverage Type
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Polymer Type
11.3.3. By Beverage Type
11.4. Key Takeaways
12. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017 to 2021
12.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032
12.2.1. By Country
12.2.1.1. GCC Countries
12.2.1.2. South Africa
12.2.1.3. Israel
12.2.1.4. Rest of Middle East and Africa
12.2.2. By Polymer Type
12.2.3. By Beverage Type
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Polymer Type
12.3.3. By Beverage Type
12.4. Key Takeaways
13. Key Countries Market Analysis
13.1. USA
13.1.1. Pricing Analysis
13.1.2. Market Share Analysis, 2021
13.1.2.1. By Polymer Type
13.1.2.2. By Beverage Type
13.2. Canada
13.2.1. Pricing Analysis
13.2.2. Market Share Analysis, 2021
13.2.2.1. By Polymer Type
13.2.2.2. By Beverage Type
13.3. Brazil
13.3.1. Pricing Analysis
13.3.2. Market Share Analysis, 2021
13.3.2.1. By Polymer Type
13.3.2.2. By Beverage Type
13.4. Mexico
13.4.1. Pricing Analysis
13.4.2. Market Share Analysis, 2021
13.4.2.1. By Polymer Type
13.4.2.2. By Beverage Type
13.5. Germany
13.5.1. Pricing Analysis
13.5.2. Market Share Analysis, 2021
13.5.2.1. By Polymer Type
13.5.2.2. By Beverage Type
13.6. United Kingdom
13.6.1. Pricing Analysis
13.6.2. Market Share Analysis, 2021
13.6.2.1. By Polymer Type
13.6.2.2. By Beverage Type
13.7. France
13.7.1. Pricing Analysis
13.7.2. Market Share Analysis, 2021
13.7.2.1. By Polymer Type
13.7.2.2. By Beverage Type
13.8. Spain
13.8.1. Pricing Analysis
13.8.2. Market Share Analysis, 2021
13.8.2.1. By Polymer Type
13.8.2.2. By Beverage Type
13.9. Italy
13.9.1. Pricing Analysis
13.9.2. Market Share Analysis, 2021
13.9.2.1. By Polymer Type
13.9.2.2. By Beverage Type
13.10. China
13.10.1. Pricing Analysis
13.10.2. Market Share Analysis, 2021
13.10.2.1. By Polymer Type
13.10.2.2. By Beverage Type
13.11. Japan
13.11.1. Pricing Analysis
13.11.2. Market Share Analysis, 2021
13.11.2.1. By Polymer Type
13.11.2.2. By Beverage Type
13.12. South Korea
13.12.1. Pricing Analysis
13.12.2. Market Share Analysis, 2021
13.12.2.1. By Polymer Type
13.12.2.2. By Beverage Type
13.13. Malaysia
13.13.1. Pricing Analysis
13.13.2. Market Share Analysis, 2021
13.13.2.1. By Polymer Type
13.13.2.2. By Beverage Type
13.14. Singapore
13.14.1. Pricing Analysis
13.14.2. Market Share Analysis, 2021
13.14.2.1. By Polymer Type
13.14.2.2. By Beverage Type
13.15. Australia
13.15.1. Pricing Analysis
13.15.2. Market Share Analysis, 2021
13.15.2.1. By Polymer Type
13.15.2.2. By Beverage Type
13.16. New Zealand
13.16.1. Pricing Analysis
13.16.2. Market Share Analysis, 2021
13.16.2.1. By Polymer Type
13.16.2.2. By Beverage Type
13.17. GCC Countries
13.17.1. Pricing Analysis
13.17.2. Market Share Analysis, 2021
13.17.2.1. By Polymer Type
13.17.2.2. By Beverage Type
13.18. South Africa
13.18.1. Pricing Analysis
13.18.2. Market Share Analysis, 2021
13.18.2.1. By Polymer Type
13.18.2.2. By Beverage Type
13.19. Israel
13.19.1. Pricing Analysis
13.19.2. Market Share Analysis, 2021
13.19.2.1. By Polymer Type
13.19.2.2. By Beverage Type
14. Market Structure Analysis
14.1. Competition Dashboard
14.2. Competition Benchmarking
14.3. Market Share Analysis of Top Players
14.3.1. By Regional
14.3.2. By Polymer Type
14.3.3. By Beverage Type
15. Competition Analysis
15.1. Competition Deep Dive
15.1.1. Victrex plc
15.1.1.1. Overview
15.1.1.2. Product Portfolio
15.1.1.3. Profitability by Market Segments
15.1.1.4. Sales Footprint
15.1.1.5. Strategy Overview
15.1.1.5.1. Marketing Strategy
15.1.1.5.2. Product Strategy
15.1.1.5.3. Channel Strategy
15.1.2. Celanese Corporation
15.1.2.1. Overview
15.1.2.2. Product Portfolio
15.1.2.3. Profitability by Market Segments
15.1.2.4. Sales Footprint
15.1.2.5. Strategy Overview
15.1.2.5.1. Marketing Strategy
15.1.2.5.2. Product Strategy
15.1.2.5.3. Channel Strategy
15.1.3. BASF
15.1.3.1. Overview
15.1.3.2. Product Portfolio
15.1.3.3. Profitability by Market Segments
15.1.3.4. Sales Footprint
15.1.3.5. Strategy Overview
15.1.3.5.1. Marketing Strategy
15.1.3.5.2. Product Strategy
15.1.3.5.3. Channel Strategy
15.1.4. Ashland
15.1.4.1. Overview
15.1.4.2. Product Portfolio
15.1.4.3. Profitability by Market Segments
15.1.4.4. Sales Footprint
15.1.4.5. Strategy Overview
15.1.4.5.1. Marketing Strategy
15.1.4.5.2. Product Strategy
15.1.4.5.3. Channel Strategy
15.1.5. 3M
15.1.5.1. Overview
15.1.5.2. Product Portfolio
15.1.5.3. Profitability by Market Segments
15.1.5.4. Sales Footprint
15.1.5.5. Strategy Overview
15.1.5.5.1. Marketing Strategy
15.1.5.5.2. Product Strategy
15.1.5.5.3. Channel Strategy
15.1.6. Koch Membrane System
15.1.6.1. Overview
15.1.6.2. Product Portfolio
15.1.6.3. Profitability by Market Segments
15.1.6.4. Sales Footprint
15.1.6.5. Strategy Overview
15.1.6.5.1. Marketing Strategy
15.1.6.5.2. Product Strategy
15.1.6.5.3. Channel Strategy
15.1.7. Solvay
15.1.7.1. Overview
15.1.7.2. Product Portfolio
15.1.7.3. Profitability by Market Segments
15.1.7.4. Sales Footprint
15.1.7.5. Strategy Overview
15.1.7.5.1. Marketing Strategy
15.1.7.5.2. Product Strategy
15.1.7.5.3. Channel Strategy
15.1.8. Dow Chemical
15.1.8.1. Overview
15.1.8.2. Product Portfolio
15.1.8.3. Profitability by Market Segments
15.1.8.4. Sales Footprint
15.1.8.5. Strategy Overview
15.1.8.5.1. Marketing Strategy
15.1.8.5.2. Product Strategy
15.1.8.5.3. Channel Strategy
15.1.9. Critical Process Filtration
15.1.9.1. Overview
15.1.9.2. Product Portfolio
15.1.9.3. Profitability by Market Segments
15.1.9.4. Sales Footprint
15.1.9.5. Strategy Overview
15.1.9.5.1. Marketing Strategy
15.1.9.5.2. Product Strategy
15.1.9.5.3. Channel Strategy
16. Assumptions & Acronyms Used
17. Research Methodology
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