Beverage Packaging Market

Market Overview:

The Global Beverage Packaging Market Was Estimated At USD 148.21 Billion In 2021 And Is Projected To Reach 221.39 Billion By The End Of 2028, Growing At A CAGR Of 5.09% Over The Analysis Period.

Depending on the drinks served, different beverage packaging is used. While non-alcoholic beverages are typically offered in bottles, alcoholic beverages are typically presented in cans. The demand for beverage packaging bottles is anticipated to rise as non-alcoholic beverage consumption rises. The market demand and expansion of beverage packaging will be driven by the rising demand for convenient packaging, as well as the rising desire for sustainable products and environmental consciousness. Particularly, the rising demand for carbonated beverages, energy beverages, and juices suggests that PET bottles and metal cans are becoming more and more popular as packaging options. recyclable Glass, on the other hand, has higher production and recycling expenses. With the recent movement towards sustainability in beverage packaging, this demand is expanding.

Top Key Players Covered In The Beverage Packaging Market:

• Amcor Group GmbH (Switzerland)
• O-I Glass Inc. (US)
• Crown Holdings Inc (US)
• Ardagh Group S.A. (Ireland)
• Verallia SA (France)
• Tetra Pak Group (Switzerland)
• Ball Corporation (US)
• Vidrala S.A. (Spain)
• Toyo Seikan Group Holdings Ltd. (Japan),
• CPMC Holdings Limited (China), and other Major Players.

Market Dynamics and Factors:        

Increasing Beverage Consumption of alcoholic and non-alcoholic beverages and effective packing of the container is the major factor driving the beverage packing market during the forecast period. Tea, coffee, fruit juices, alcoholic drinks, and carbonated soft drinks are the most popular beverages Worldwide today. Sophisticated packaging media and techniques have enabled the retention of the unique taste, color, and aroma of these beverages while in transportation and storage. The traditional returnable glass bottles have given way to newer plastic containers as packing solutions. In rigid applications, glass, metal, and plastics are the major packaging material used. Flexible plastic packages offer economical savings over conventional glass and metal containers. The use of PET bottles for packing alcoholic beverages and carbonated soft drinks has revolutionized the packaging industry in India. The use of plastic packaging in the beverage market will witness high growth.   

The adoption of eco-friendly products and consumer awareness of environmental safety are rising, which presents enormous prospects for beverage packaging product makers. In North America, 69% of participants are willing to pay more for recycled products, and 80% of participants want to know the origin of the products they purchase, according to a study by the National Retail Federation. Bioplastics are polymers made from renewable resources such as wood chips, vegetables, fatty oils, and maize starch.

Beverage Packaging Market Report Highlight:

• By type, the Non-alcoholic beverages segment is anticipated to lead the growth of the Beverage Packaging Market in the forecasted timeframe. Due to Non-alcoholic drinks like milk, fruit juices, purees, sauces, soft drinks, carbonated drinks, smoothies, and other similar items require a lot of packaging.

• By material type, the Plastic segment is expected to have the highest share of the Beverage Packaging Market over the projected period. Though stringent norms are being implemented on the use of plastics, positive initiatives taken by beverage brands are expected to spur the demand and growth of plastic packaging solutions.
• The Asia Pacific is expected to have the highest share of the Beverage Packaging Market over the projected period. In the coming years, rapid urbanization and rising disposable income are projected to increase the consumption of beverages as well as beverage packaging. Another major element that is anticipated to increase consumption in the area is the growing population. The market is projected to grow slowly as a result of evolving regulatory rules regarding the use of single-use plastics.

Key Industry development of Global Beverage Packaging Market

• In August 2023, Amcor announced acquisition of scalable flexible packaging plant in high-growth Indian market. Additionally, this ‘well-capitalized’ and strategically located plant, Amcor aims to immediately boost its production capabilities to address the increasing demand of its customers in the region.
• In August 2023, Crown Holdings, Inc. announced the acquisition of Helvetia Packaging AG, a beverage can and end manufacturing facility in Saarlouis, Germany. The acquisition of the Saarlouis facility will expand Crown's European beverage can platform to Germany with approximately one billion units of annual can capacity. The unmatched sustainability benefits and infinite recyclability of aluminum has led to an increasing preference for beverage cans to serve both the alcoholic and non-alcoholic drinks segments.

Beverage Packaging Market Segmentation:

By Type

• Non-Alcoholic Beverages
• Alcoholic Beverages
• Dairy Beverages

By Material Type  

• Metal
• Plastic
• Glass
• Paper & Paperboard
• Other Material Types

For this report, Introspective Market Research has segmented the Beverage Packaging Market based on region:

Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)

North America

• The U.S.
• Canada
• Mexico

Eastern Europe

• Russia
• Bulgaria
• The Czech Republic
• Hungary
• Poland
• Romania
• Rest of Eastern Europe

Western Europe

• Germany
• UK
• France
• Netherlands
• Italy
• Spain
• Rest of Western Europe

Asia Pacific

• China
• India
• Japan
• Singapore
• Australia
• New-Zealand
• Rest of APAC

Middle East & Africa

• Turkey
• Saudi Arabia
• Qatar
• UAE
• Israel
• South Africa

South America

• Brazil
• Argentina
• Rest of SA