Global Beverage Container Market Size
Global Beverage Container Market size was valued at over USD 190 billion in 2018 and is anticipated to witness over 4% CAGR up to 2025.
The beverage container market is predicted to develop because consumers prefer single-serving containers and the food business is always changing. Container qualities including protection from the outside world, support for the product, and resistance to manipulation are some of the reasons why demand is rising. Using clear cans and bottles to make drinks like fruit juices, sports and energy drinks, and improved water seem better can help businesses flourish. Also, the debut of new products along with intensive marketing campaigns is expected to speed up the growth of the business over the next few years.
New container materials are being used to keep the smell, make the container stronger, keep it from being too hot or too cold, protect it from moisture, and make sure it can be recycled. This is because people's tastes have changed. There are new ways for businesses to grow since more people want small, adaptable containers. The market will also gain a lot of impetus by using new packaging methods. For example, the beverage industry has seen a lot of demand for aseptic beverage packaging since it keeps the product's nutritional and organoleptic features, which makes it last longer on the market.
| Report Attribute | Details |
|---|---|
| Base Year | 2019 |
| Beverage Container Market Size in 2019 | 190 Billion (USD) |
| Forecast Period | 2019 to 2025 |
| Forecast Period 2019 to 2025 CAGR | 4% |
| 2025 Value Projection | 1.4 Billion (USD) |
| Historical Data for | 2014 to 2018 |
| No. of Pages | 350 |
| Tables, Charts & Figures | 732 |
| Segments covered | Material, Container Type, Application and Region |
Drink businesses are improving their packaging by making their drinks appear like candy. It's a clever approach because it gets people's attention on the shelves. Also, corporations are becoming more environmentally friendly by employing materials like aluminum and PET (a form of plastic) to produce their cans and bottles. And you know what? They're even utilizing plants to construct the boxes! It's good for both the Earth and our thirst. For instance, So Delicious released a new almond milk in 2018. It's not just regular milk; it comes in a 48-ounce bottle made of plastic from plants. It's equally as strong as ordinary plastic, but it's better for the environment.
Manufacturers have started using paperboard to package drinks because people are worried about the usage of plastics and the potential of metal particles getting into the products. For example, WestRock Company said they will use paperboard cans to package its range of energy drinks. Good policies and standards for how packaging materials are used are likely to change the whole business. For example, section 409 of the federal food, drug, and cosmetic act gives the FDA power over packaging materials to make sure they don't have a bad effect on food.
The strict rules for the environment are likely to make it harder for businesses to grow. The "European Parliament and Council Directive 94/62/EC on packaging waste" is one example of a law that makes sure that manufacturers do enough to reduce industrial waste and make it easier to recycle. Manufacturers also have to deal with the fact that sales of soft drinks and alcohol have been falling over the past few years and that the markets for other soft drinks have been growing slowly over the past five years.
Global Beverage Container Market Analysis
The glass segment of the global beverage container market is growing the quickest. The alcohol business prefers glass because it keeps the power, aroma, and flavors of drinks. The material can be recycled 100% of the time, which makes it a good choice for packaging from an environmental point of view. Six tons of recycled glass saves six tons of other resources and cuts CO2 emissions by one ton. The material doesn't smell, doesn't react with chemicals, and is resistant to gasses and vapors.
The paperboard segment has a lot of features, such as being light, cheap, easy to handle, strong for its weight, and recyclable. Because this material is good for the environment, it may be used for all kinds of drinks, such as fruit, caffeine, energy, carbonated, and more. A growing focus on using recycled materials and making packaging more flexible and attractive has led to more use of this material in many types of beverage packaging.
The carton revolution is coming! In the next few years, sales of these useful drink containers are predicted to skyrocket, going up by more than 4.5%. Why do you like cartons? They do a great job of keeping your drinks safe and sound. Also, they can be changed to fit the marketing demands of different businesses. But that's not all! Cartons keep your drinks fresh longer, cut down on waste, and are just plain handy. It's no surprise that they are so popular over the world. People are becoming more aware of the environment, thus there is a lot of demand for packaging that breaks down naturally and doesn't harm the environment. This means that companies that make drinks are starting to stop using traditional packaging and convert to cartons. And we can't forget about the governments! They're pushing for containers that are better for the environment, which is another significant plus for drink cartons.
Pouches made up more than 12% of the total market for beverage containers. The growing popularity of pouches because they are flexible and easy to use will help the market grow. Kids love pouches, which come in many different sizes, shapes, and colors. Some important things that will help the segment grow over the next few years are flexographic printing, shape and structure, lower costs, and ease of use.
Alcoholic beverages accounted for more than 45% share in the overall beverage container market. Alcohol beverage container play a major role in the brand promotion of alcohol. Increasing global consumption of alcoholic beverages and focus on recycling are the two major factors driving the segment growth. Major manufacturers in the industry are developing containers, with an aim to safeguard the alcohol properties for a longer period. This has increased the demand for sustainable materials which will promulgate beverage container market.
Non-alcoholic beverage consumption will witness gains at over 4% up to 2025. Growing popularity of non-alcoholic drinks such as energy drinks and fruit juices will proliferate overall beverage container market. The inclination of the customers towards attractive and sustainable packaging options for their beverages is expected to bolster the product penetration in this segment. Additionally, rising consumer awareness regarding the use of sustainable materials have led the manufacturers in this segment to adopt organic materials for packing their beverages. This will give an impetus to the industry growth.
Asia Pacific is expected to witness a growth of more than 4% by 2025. The changing consumer preferences coupled with high growth in economies including India, China, Indonesia, Malaysia, and Indonesia are driving the beverage container market in this region. The industry is expected to witness a surge owing to high demand for glass bottles from the alcoholic beverage industry. While the growth of the non-alcoholic beverage containers is largely driven by growth in consumption of fruit beverages and packaged water.
Europe accounted for more than 20% share in the overall beverage container market. The ready availability of natural resources coupled with improved production facilities and low-cost labor will escalate the beverage container market growth. The European beverage container market is largely driven by changing consumer preference and the need for prolonged shelf-life of beverages. However, government regulations along with a ban on certain materials used for manufacturing containers might lay cost pressures on manufacturers and are few of the factors that hinder the market growth.
Global Beverage Container Market Share
Global beverage container market is highly competitive owing to the existence of large market players operating comprehensively. Key industry players include
- Amcor Limited
- Ball Corporation
- Rexam Inc.
- Silgan Holdings
- Owens-Illinois
- Toyo Seikan Group Holdings
- CLARCOR
- Huber Packaging Group
- Ardagh Group
Mergers & acquisitions, product innovation, and portfolio expansion are among the key strategies incorporated by industry participants for improving their market share. For instance, in February 2018, Ball corporation has announced its plans increase the capacity of its facility in Buenos Aires and build an integrated one-line can manufacturing plant in Paraguay. This expansion has allowed the company to meet growing beverage can market in Paraguay, Bolivia and Argentina and support customer demand with multiple can sizes.
Industry Background
Global beverage container market is driven by rapid technological development and innovations across the packaging industry. The beverage packaging industry is undergoing various changes that are expected to transform the face of the market. Varying geopolitical scenario and purchasing patterns of consumers have made it difficult for market player to capitalize upon market movements. Development of smart packaging solution that can interrelate with the product or its environment to improve the quality of beverages, customer acceptability, and safety are some of the key factors driving the global market.
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