Summary
Market Overview:
The global beverage packaging market size reached US$ 157.4 Billion in 2022. Looking forward, the analyst expects the market to reach US$ 224.0 Billion by 2028, exhibiting a growth rate (CAGR) of 5.8% during 2023-2028. The rising health consciousness, growing demand for sustainable packaging materials, and increasing demand for convenience packaging solutions represent some of the key factors driving the market.
Beverage packaging is used to contain and protect beverages, such as water, soda, and beer from several factors. It is an essential step in producing and selling beverages, as it ensures the product is safe and meets the consumer’s needs while maintaining the aroma and nutrients of the beverage and preventing contamination. It is a complex process due to the vast array of drinks available. It requires the use of materials, including paperboard, metal, plastic, and glass to ensure that the beverage is contained and to prevent spillage. It is also designed to maintain the beverage’s quality and taste while providing users convenience. Proper packaging also reduces material costs, increases the drink’s shelf life, and protects against moisture and heat. Several types of packaging are available in the market, such as metal cans, plastic bottles, boxes, and cartons that help protect the product, create an emotional connection with the consumer, and provide clear product information. The beverage packaging design plays a large role in consumer decision-making as the uptake of attractive designs aids in capturing the consumer’s attention and creating an emotional connection with the product.
Beverage Packaging Market Trends:
The growing consumption of beverages among the masses majorly drives the global market. Additionally, the rising preference for low-sugar, low-fat, and low-calorie beverages due to the increasing health consciousness among individuals is acting as a major driving factor. With an enhanced focus on sustainable development, there has been a considerable rise in the demand for sustainable packaging options that reduce waste and help preserve the environment, which is significantly supporting the market. Along with this, the rising demand for convenient packaging solutions among the masses, such as single-serve packaging, and resealable packaging, offering easy-open containers, tear-off lids, and spouts for easy pouring, is, in turn, propelling the demand. In addition, the growing need for cost-effective packaging solutions that are affordable, including aluminum cans and PET bottles, is positively influencing the market. Apart from this, the widespread adoption of beverage packaging solutions in health and wellness drinks, such as sports drinks, kombucha, coconut water, green tea and herbal teas, are also supporting the demand. Furthermore, numerous beverage companies are adopting innovative beverage packaging to establish their brand identity and differentiate themselves from competitors, which is creating a positive market outlook. Some of the other factors driving the market include continual technological advancements and extensive research and development activities conducted by key players.
Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the global beverage packaging market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on material, product and application.
Material Insights:
Plastic
Metal
Glass
Paperboard
Others
The report has provided a detailed breakup and analysis of the beverage packaging market based on the material. This includes plastic, metal, glass, paperboard, and others.
According to the report, glass represented the largest segment.
Product Insights:
Bottles
Cans
Pouches
Cartons
Others
A detailed breakup and analysis of the beverage packaging market based on the product has also been provided in the report. This includes bottles, cans, pouches, cartons, and others.
According to the report, bottles accounted for the largest market share.
Application Insights:
Alcoholic Beverages
Non-Alcoholic Beverages
Carbonated Drinks
Bottled Water
Milk
Fruit and Vegetable Juices
Energy Drinks
Plant-based Drinks
Others
The report has provided a detailed breakup and analysis of the beverage packaging market based on the application. This includes alcoholic beverages and and non-alcoholic beverages (carbonated drinks, bottled water, milk, fruit and vegetable juices, energy drinks, plant-based drinks, and others).
According to the report, non-alcoholic beverages represented the largest segment.
Regional Insights:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa.
According to the report, Asia Pacific was the largest market for beverage packaging. Some of the factors driving the Asia Pacific beverage packaging market included the rising disposable income levels of the masses, the presence of large players, and continual technological advancements, etc.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global beverage packaging market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Amcor Limited, Ardagh Group, Ball Corporation, Berry Global Inc., Crown Holdings Inc., Mondi plc, Orora Packaging Australia Pty Ltd, SIG Combibloc Group AG, Smurfit Kappa Group PLC, Sonoco Products Company, Stora Enso and Tetra Laval International SA., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report:
How has the global beverage packaging market performed so far, and how will it perform in the coming years?
What are the drivers, restraints, and opportunities in the global beverage packaging market?
What is the impact of each driver, restraint, and opportunity on the global beverage packaging market?
What are the key regional markets?
Which countries represent the most attractive beverage packaging market?
What is the breakup of the market based on the material?
Which is the most attractive material in the beverage packaging market?
What is the breakup of the market based on the product?
Which is the most attractive product in the beverage packaging market?
What is the breakup of the market based on the product?
Which is the most attractive product in the beverage packaging market?
What is the breakup of the market based on the application?
Which is the most attractive application in the beverage packaging market?
What is the competitive structure of the global beverage packaging market?
Who are the key players/companies in the global beverage packaging market?
