Beverage Packaging Market Size
Forecast to show over 5.7% CAGR from 2023 to 2032, beverage packaging market size was USD 152.7 billion in 2022. Consumption of beverages directly determines the general need for beverage packaging. Changing customer tastes and the growing popularity of convenience beverages—ready-to-drink goods and single-serve beverages—drive the demand for creative and useful packaging solutions. Convenience in beverage consumption drives consumers to demand portable and on-the-go packaging solutions more.
Marketing plans and brand development depend much on beverage packaging. Beautiful and striking shapes and designs for packaging can affect customer buying choices, so driving demand for original and creative packaging solutions.
| Report Attribute | Details |
|---|---|
| Base Year | 2018 |
| Beverage Packaging Market Size in 2018 | USD 152.7 Billion |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 5.7% |
| 2032 Value Projection | USD 265.8 Billion |
| Historical Data for | 2018 to 2022 |
| No. of Pages | 150 |
| Tables, Charts & Figures | 191 |
| Segments covered | Material Type, Packaging Type, Product Type, Region |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
Growing consciousness of environmental problems has put pressure on the sector of beverage packaging to follow more sustainable policies. It can be difficult to strike a mix between creative and ecological packaging ideas and economy. Businesses must keep competitive pricing while simultaneously making investments in contemporary materials and technologies. Many laws pertaining to food safety, labeling, recycling, and materials utilized affect the sector of beverage packaging. Consequently, the hazards related to beverage packaging could lower the acceptance rate, so reducing the market expansion of the beverage packaging.
COVID-19 Impact
Beverage consumption patterns clearly changed throughout the epidemic. Consumers stayed more at home as restaurants, bars, and entertainment venues closed, which raised demand for packaged beverages for domestic use. This change increased demand for single-serve systems and retail-ready packaging. Therefore, the lower COVID-19 cases and the application of later policies by government and non-governmental groups will increase the market growth.
Beverage Packaging Market Trends
A main trend in the beverage packaging sector is still sustainability. Customers are seeking environmentally friendly packaging solutions and more aware of environmental problems. To lower their carbon footprint, beverage firms are using lightweighting projects, biodegradable packaging, and recyclable materials. Demand for on--the-go and single-serve beverage package styles is growing. Consumers looking for portability and ease in their beverage intake drive demand for bottles, cans, pouches, and cartons fit for rapid consumption.
Beverage Packaging Market Analysis
By 2022, glass segment had a 75% market share. Glass presents a premium image for luxury and high-end drinks, therefore strengthening brand impression. Appealing to consumers worried about sustainability and environmental impact, glass is a quite recyclable material. Glass offers an inert barrier that maintains beverage taste and quality.
With over 40% of beverage packaging market acquired in the category, the bottles box segment is predicted to show a profitable rate through 2032. Bottles fit for on-the-go consumption since they are portable and easy of use. Bottles provide enough of room for branding and product information, thereby improving brand familiarity and exposure.
With a dominating market share in 2022, non-alcoholic beverages segment is expected to rise at 5.2% CAGR by 2032. For non-alcoholic beverage consumers on-the-go consumption calls for packaging that provides mobility and convenience. Easy of use and transportability abound from packaging materials like cans, pouches, bottles, and cartons. Therefore, it is expected that the high-quality services and increasing consumption of beverage packaging at food outlets will hasten the growth of the beverage packaging market.
U.S. beverage packaging market dominated the North American region with a revenue of USD 35.4 billion in 2022 and is poised to expand at a significant pace from 2023 to 2032. The overall demand for beverage packaging is closely tied to the consumption of beverages. The growing consumption of various beverages, including soft drinks, alcoholic beverages, bottled water, juices, and energy drinks, drives the need for innovative and efficient packaging solutions.
Beverage Packaging Market Share
Some of the major players operating in the beverage packaging market are
- Tetra Pak International S.A.
- Amcor plc
- Ball Corporation
- Crown Holdings, Inc.
- Owens-Illinois, Inc.
- AptarGroup, Inc.
- Graham Packaging Company
- SIG Combibloc Group AG
- Huhtamaki Group
- Plastipak Holdings, Inc.
- Berry Global Group, Inc.
- DS Smith Plc
- WestRock Company
- Evergreen Packaging LLC
- Berlin Packaging LLC
These participants focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.
Beverage Packaging Industry News
- In June 2022, SIG, a Swiss aseptic packaging supplier, completed the acquisition of Scholle IPN, a flexible packaging business. SIG and Scholle IPN reached an agreement in February 2022 to buy each other for an enterprise value of USD 1.53 billion and an equity value of USD 1.2 billion. Scholle IPN, with its headquarters in Northlake, Illinois, offers sustainable packaging systems and solutions for the food, beverage, retail, institutional, and industrial markets.
This beverage packaging market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million & Units from 2018 to 2032, for the following segments
Market, By Material type
- Glass
- Plastic
- Metal
- Paperboard
- Other Materials
Market, By Packaging Type
- Bottles
- Cans
- Cartons
- Pouches
- Kegs
Market, By Product Type
- Non-alcoholic Beverages
- Alcoholic Beverages
- Dairy Beverages
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Indonesia
- Malaysia
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Egypt
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