The world beverage packaged bottle market is expected to grow by $35.42 billion in 2020-2024, according to Technavio. The rapid spread of COVID-19 has forced market suppliers to shut down some of their operations. In addition, the closure of restaurants, cafes, cinemas and clubs has had a negative impact on market growth.

However, consumption of packaged beverages is growing in many developing countries such as China, India, Indonesia and Thailand. In addition, factors such as increased disposable income and rising world average temperatures are accelerating consumer buying preferences for bottled and canned water, which will provide new growth opportunities for suppliers during the forecast period.

Technavio has announced its new market research report entitled "World Beverage Packaging Market 2020-2024". The beverage packaged bottle market is driven by rising consumption of bottled water. Due to the COVID-19 pandemic, the beverage packaged bottle market is expected to grow during the forecast period and may increase compared to 2019.

As the COVID-19 pandemic continues to spread and technology is used around the world to flatten the recession, many businesses will go through a phase of response, recovery and renewal. Building operational resilience and flexibility can help countries emerge from the crisis and move towards the next normal.