How Is Growing Food & Beverages Industry Driving Uv Metallized Caps & Closures Market?
September 12, 2022 ⚊ 1 Min read ⚊ Views 109 ⚊ BUSINESS
The food and beverages industry is growing at a considerable rate across the globe because of the surging population. Other than that, the rising demand for organic and nutritious food products because of the growing adoption of healthier lifestyles is positively affecting the growth of the market. The food & beverages market is projected to attain a revenue of about $9471.66 billion by 2022, witnessing a CAGR of 8.9% during the forecast period. Furthermore, the demand for packaged food products has also grown substantially over the past few years, particularly in emerging economies, due to the rising disposable income of people.
Attributed to this, the requirement for ultraviolet (UV) metallized caps & closures in the food & beverages industry is increasing as well.
