Beverage Processing Polymer Market - Forecast(2022 - 2027)

Report Code: CMR 52264 Report Format: PDF + Excel

Beverage Processing Polymer Market Overview

Beverage Processing Polymer market size is forecast to grow at a CAGR of 4.5% during 2021-2026. Polymers help infiltration processes in beverage industries. They are used for microfiltration, ultra-filtration, nano-filtration, and reverse osmosis processes in beverage processing. The growing consumption of alcoholic beverages such as beer, wine, and whisky is propelling the market growth for beverage processing polymers. Polyvinylpolypyrrolidone is one of the commonly used polymers in the beer and wine filtration process. Nylon 6 polymers are used for manufacturing tea bags due to their heat resistance and mechanical properties. The changing lifestyle along with the growing party culture among developing nations are supporting the market growth. Polymers are widely incorporated in food and beverage applications, owing to their abilities in boosting cost-effectiveness and productivity. The growing number of organized retail chains in developed nations, and rapid increase in consumer spending are some of the major factors driving the market growth during the forecast period.

COVID-19 Impact

The COVID-19 pandemic is impacting different industries; one of the few industries that were largely hit to some extent was the polymers industry. The demand for food processing & beverage polymers is moderate during the covid-19 crises. The food & beverage industry is considered under essential goods, so many governments across the globe gave relaxation to this particular industry. However, the food & beverage industry also faced problems related to the supply chain, lack of workforce, and lack of raw materials supply.

Beverage Processing Polymer Market Report Coverage

The report: “Beverage Processing Polymer Market – Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Beverage Processing Polymer industry.

By Polymer Type: PVPP & PVI, PVPP & PS, 6-Caprolactum or Nylon 6, Polyethersulphone(PES), Polyvinylidene Fluoride PVDF, Polysulfone (PSF), Polyvinyl chloride (PVC), Polyethylene glycol (PEG), and Others
By Beverage Type: Alcoholic Beverages (Fermented [Wine, Beer], Distilled [Rum, Whisky, Vodka, Others]), Non-Alcoholic Beverages (Non-Aerated [Tea, Coffee, Juices, Milk], Aerated [Fruit Beverages, Bottled Water, Energy Drinks, Carbonated Drinks, Others])
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, Italy, France, Netherlands, Belgium, Spain, Denmark, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, and New Zeeland, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and Rest of the World (Middle East and Africa)

Key Takeaways

  • The Asia Pacific is expected to register a highest CAGR of 5.3% during the forecast period (2021-2026).  Changing lifestyles, increasing consumer spending, emerging economies, and rapid population growth are the major factors driving the market growth during the forecast period. 
  • Polymers are replacing metals in the beverage industry. Polymers are easy to handle and less cost compared to metals. They also help to reduce overall costs in the beverage industry. 
  • Polymers used in the beverage industry are corrosion-resistance and chemically inert. Beverage polymers find their usage in different applications such as bottles, fittings, piping, and others
  • Polymer-based components have a prolonged lifecycle and improve component quality.

Figure: North America Beverage Processing Polymer Market Revenue, 2020-2026 (US$ Billion)

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Beverage Processing Polymer Market Segment Analysis - By Polymer Type

The PVPP & PVI, and PVPP & PS segments accounted for approximately 25% of the market share in 2020 and are estimated to grow at a significant CAGR during the forecast period. PVPP polymer is readily soluble in cold water and used to prepare free-flowing solutions. They are also used for the filtration and stabilization of beer and wine. They are widely used to removes phenolic compounds, and heavy metal ions, without changing the character of beer or wine. Beverage processing polymers offer various properties such as high mechanical stability, cost-efficient, re-usable, insoluble, and others are some of the major properties further driving the market growth.

Beverage Processing Polymer Market Segment Analysis – By Beverage Type

The non-alcoholic beverage segment accounted for more than 60% of the market share in 2020 and is estimated to grow significantly during the forecast period. The growing demand for functional beverages, such as tea, relaxation drinks, coffee, energy drinks, ready-to-drinking, drives the market growth. Growing health concerns along with gaining popularity for low-calorie content beverages across developed and developing nations are also positively supporting the market growth. The growing trend of using vending machines in corporate offices and public spaces is driving the market for non-alcoholic beverages.  According to the research paper PepsiCo., Tyson Foods, and Nestle are the top three companies operating in U.S. food & beverage market. The companies generated approximately US$204.8 Billion in revenue in 2019.

Beverage Processing Polymer Market Segment Analysis - By Geography

North America region held the largest share in the beverage processing polymer market in 2020 up to 30%, owing to the rapid growth in the food & beverage sector in the region. The presence of well-developed nations such as the U.S. and Canada are driving the market growth in the region. The presence of key food & beverage companies, including Nestle, Tyson Foods, PepsiCo, Coca-Cola, STARBUCKS CORP, and others, drives the demand for beverage processing polymers. The Asia Pacific region is expected to register a high growth rate during the forecast period (2021-2026). The rapid growth in population, growing number of working individuals, and growth in income levels are some of the major factors driving the regional market. Abundant raw material sources and availability of workforce also supporting the regional demand. According to the Euro monitor report, the Asia Pacific region holds the second position in soft drink production.

Beverage Processing Polymer Market Drivers:

Growing consumption of non-alcoholic beverages

Beverages play an important role in human life, almost every person starts their daily activities with tea or coffee. Non-alcoholic beverages include tea, coffee, soft drinks, energy drinks, fruit juices, carbonated water, and others. The growing concerns regarding obesity and other health awareness are triggering the growth of functional beverages. Based on data published by a research paper, an average of 113.5L of non-alcoholic drinks are consumed by each person in 2021. The rapid growth of organized retail sectors and globalization are supporting the growth of the beverage industry. Manufacturers of beverages are using polymers for filtration, and packaging applications. Polymers are also combined with different pigments, additives, and modifiers to meet end-user satisfaction. According to the Tea Association of USA, approximately 3.8 billion gallons of tea is consumed in the U.S. during 2019-2020. Black tea occupies 84% and 15 was green tea of all tea consumed in the United States.

Growing demand for bio-based polymers in the food & beverage industry

Generally, the polymers are manufactured from petroleum-derived chemistry, refinery, and engineering processes. These polymers are not easily degradable and impact the environment by releasing toxic gages. The food & beverage industries are adopting bio-based polymers in food & beverage processing applications. The development of biodegradable polymers is recognized as one of the most successful innovations in the polymer industry to decrease environmental issues. Bio-based polymers have generally a lower CO2 footprint and are associated with the concept of sustainability. Bio-degradable polymers are developed from corn or sugar cane. Polylactic acid (PLA) and polyhydroxyalkanoates (PHAs) are majorly preferred bio-degradable polymers for manufacturing beverage packaging bottles. The leading beverage companies PepsiCo and Coco-Cola are using bio-based polymers for manufacturing beverage bottles. The bio-based polymers market is expected to grow at a high CAGR of 6.3% during the forecast period.

Beverage Processing Polymer Market Challenges:

Environmental issues

The polymers industry is one of the prominent industries that play a vital role in various manufacturing sectors. Polymers are not easily degradable due to their water-repelling characteristic and remain as a permanent waste on the earth. Polymers are used for manufacturing packaged bottles. These bottles are not easily degradable and lead to various environmental issues. Polymers cause air pollution and water pollution.  It is also estimated that approximately 100 million metric tons of plastic are dumped in marine systems annually. Governments across the globe are implementing strict rules and regulations on polymer usage. These are some of the challenges likely to restrain the market growth.

Beverage Processing Polymer Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Beverage Processing Polymer market. Major players in the Beverage Processing Polymer market are 3M, Ashland, Atypo Ltd, BASF, Bucher Filtrox System Ag, Chemra, Critical Process Filtration Inc, Dow Chemical, Hyflux Ltd, Koch Membrane System, Pall Corporation, Porvair, Solvay, Technofilter, and others

Acquisitions/Technology Launches

In February 2021, Tetra Pak company launched recycled polymers for food and beverage manufacturers

In 2019, BASF collaborated with SIBUR to develop innovative polymer solutions. The new polymer solutions include PE Polyethylene and PP polypropylene grades.

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1. Beverage Processing Polymer Market- Market Overview
    1.1 Definitions and Scope 
2. Beverage Processing Polymer Market - Executive Summary
    2.1 Key Trends by Polymer Type
    2.2 Key Trends by Beverage Type
    2.3 Key Trends by Geography
3. Beverage Processing Polymer Market – Comparative analysis 
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Beverage Processing Polymer Market - Startup companies Scenario Premium Premium 
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Beverage Processing Polymer Market – Industry Market Entry Scenario Premium Premium 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Beverage Processing Polymer Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes 
7. Beverage Processing Polymer Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies 
8. Beverage Processing Polymer Market – By Polymer Type (Market Size -$Million/Billion)
    8.1 PVPP & PVI
    8.2 PVPP & PS
    8.3 6-Caprolactum or Nylon 6
    8.4 Polyethersulphone(PES)
    8.5 Polyvinylidene Fluoride PVDF
    8.6 Polysulfone (PSF)
    8.7 Polyvinyl Chloride (PVC)
    8.8 Polyethylene Glycol (PEG)
    8.9 Others
9. Beverage Processing Polymer Market – By Beverage Type (Market Size -$Million/Billion)
    9.1 Alcoholic Beverages
        9.1.1 Fermented
        9.1.2 Distilled
    9.2 Non-Alcoholic Beverages
        9.2.1 Non-Aerated
        9.2.2 Aerated
   Fruit Beverages
   Bottled Water
   Energy Drinks
   Carbonated Drinks
10. Beverage Processing Polymer Market - By Geography (Market Size -$Million/Billion)
    10.1 North America
        10.1.1 USA
        10.1.2 Canada
        10.1.3 Mexico
    10.2 Europe
        10.2.1 UK
        10.2.2 Germany
        10.2.3 Italy
        10.2.4 France
        10.2.5 Netherlands
        10.2.6 Belgium
        10.2.7 Spain
        10.2.8 Denmark
        10.2.9 Rest of Europe
    10.3 Asia-Pacific
        10.3.1 China
        10.3.2 Japan
        10.3.3 South Korea
        10.3.4 India
        10.3.5 Australia and New Zeeland
        10.3.6 Indonesia
        10.3.7 Taiwan
        10.3.8 Malaysia
        10.3.9 Rest of APAC
    10.4 South America
        10.4.1 Brazil
        10.4.2 Argentina
        10.4.3 Colombia
        10.4.4 Chile
        10.4.5 Rest of South America
    10.5 Rest of the World
        10.5.1 Middle East
   Saudi Arabia
   Rest of the Middle East
        10.5.2 Africa
   South Africa
   Rest of Africa
11. Beverage Processing Polymer Market – Entropy
    11.1 New Product Launches
    11.2 M&As, Collaborations, JVs and Partnerships
12. Beverage Processing Polymer Market – Market Share Analysis Premium 
    12.1 Market Share at Global Level - Major companies
    12.2 Market Share by Key Region - Major companies
    12.3 Market Share by Key Country - Major companies
    12.4 Market Share by Key Application - Major companies
    12.5 Market Share by Key Product Type/Product category - Major companies
    12.6 Company Benchmarking Matric - Major companies
13. Beverage Processing Polymer Market – Key Company List by Country Premium Premium 
14. Beverage Processing Polymer Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    14.1 Company 1
    14.2 Company 2
    14.3 Company 3
    14.4 Company 4
    14.5 Company 5
    14.6 Company 6
    14.7 Company 7
    14.8 Company 8
    14.9 Company 9
    14.10 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"

List of Tables

1 US Beverage Processing Polymer Market Size 2018
2 Canada Beverage Processing Polymer Market Share 2018
3 Brazil Beverage Processing Polymer Market Outlook 2019 - 2023
4 Mexico Beverage Processing Polymer Market Research 2018
5 Germany Beverage Processing Polymer Market Trends 2019 - 2023 
6 France Beverage Processing Polymer Market Growth 2019 - 2023 
7 UK Beverage Processing Polymer Market Demand 2019 - 2023 
8 Italy Beverage Processing Polymer Market Segmentation 2018
9 Russia Beverage Processing Polymer Market Analysis 2019 - 2023
10 China Beverage Processing Polymer Market Revenue 2019 - 2023
11 Japan Beverage Processing Polymer Market Volume 2019 - 2023
12 South Korea Beverage Processing Polymer Market Potential 2019 - 2023
13 India Beverage Processing Polymer Market Leaders 2018
14 Saudi Arabia Beverage Processing Polymer Market Forecast 2019 - 2023 
15 Kuwait Beverage Processing Polymer Market Value 2018

List of Figures

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