Search Market Research Report
Beverage Packaging Market Size, Share Global Analysis Report, 2023 – 2030
Beverage Packaging Market Size, Share, Growth Analysis Report By Product Type (Dairy Beverages, Alcoholic Beverages, And Non-Alcoholic Beverages), By Material (Paper & Paperboard, Glass, Plastic, Metal, And Other Materials), By Packaging (Pouches, Cartons, Cans, Bottles, And Others), And By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2023 – 2030
Industry Insights
[209+ Pages Report] According to Facts and Factors, the global beverage packaging market size was valued at USD 140.89 billion in 2022 and is predicted to surpass USD 165.91 billion by the end of 2030. The beverage packaging industry is expected to grow by a CAGR of 2.06%.
Market Overview
Beverage packaging plays an important role in the food and beverage sector. The packaging process involves the production, design, and utilization of containers to protect beverage items. There are different kinds of materials used for packing beverages, like plastic, glass, metal, and cartons.
Also, there is an emerging trend of sustainable packaging, which encourages the use of recyclable and eco-friendly materials in the process. Beverage packaging offers protection and tamper resistance.
Key Insights
- As per the analysis shared by our research analyst, the global beverage packaging market size is estimated to grow annually at a CAGR of around 2.06% over the forecast period (2023-2030).
- In terms of revenue, the global beverage packaging market size was valued at around USD 140.89 billion in 2022 and is projected to reach USD 1165.91 billion by 2030.
- Rising beverage consumption is driving the growth of the global beverage packaging market.
- Based on the product, the dairy beverage segment is growing at a high rate and is projected to dominate the global market.
- Based on the material, the metal segment is projected to swipe the largest market share.
- Based on the packaging, the bottle segment is expected to dominate the global market.
- Based on region, North America is expected to dominate the global market during the forecast period.
Growth Drivers
- Rising beverage consumption is driving the growth of the global market.
The global beverage sector is quite diverse. This diversity is driving positive changes in people's consumption patterns. People are now more inclined towards juices, water, soft drinks, alcoholic beverages, and other functional beverages, which in turn is expected to expand the global beverage packaging market.
Also, the increasing consumer demand for on-the-go packaging formats is further expected to positively influence the demand in the market. Single-serve options and resealable containers are gaining immense traction in the market, which is also likely to impact its growth positively.
For instance, Amcor Group GmbH collaborated with Nutrea in December 2020 to launch its rupro protein juice. The company decided to come up with a new polyethylene terephthalate bottle to pack their juice.
Restraints
- Stringent regulations are likely to hamper the growth of the global market.
The upgraded regulatory standards like labeling requirements, food safety regulations, and environmental standards are expected to hinder the growth of the beverage packaging industry. Complying with all the upgraded regulatory standards in different countries is quite challenging for beverage packaging manufacturers. Therefore, such a landscape is expected to slow down the growth trajectory of the industry.
Opportunities
- Health and wellness trend is expected to foster growth opportunities in the global market.
The growing awareness among people regarding their health and wellness is positively influencing their beverage choices. There is a high demand for sustainable packaging solutions for natural and functional beverages in the market. People are also looking forward to sustainable packaging formats because of the growing awareness regarding the environment's health.
For instance, Vetropack Holding Ltd successfully took over Moldovan Glassworks in December 2020. The initiative will strengthen the company’s position in the European market.
Challenges
- High cost of sustainable packaging format is a big challenge in the global market.
There is a high demand for sustainable packaging solutions, which is expected to be a big challenge in the global beverage packaging market. Nowadays, people are looking forward to eco-friendly materials and sustainable packaging formats. Aligning with the surging demand of consumers is both expensive and challenging for the manufacturers in the industry.
Segmentation Analysis
The global beverage packaging market can be segmented into product, material, packaging, and region.
On the basis of product, the market can be segmented into dairy beverages, alcoholic beverages, and non-alcoholic beverages. The dairy beverage segment is projected to witness significant growth during the anticipated period. Sustainable and eco-friendly packaging materials are gaining immense traction among consumers because of the increasing environmental awareness globally. It includes recycling materials, plastics, and compostable packaging.
Also, people are now looking forward to on-the-go packaging solutions with resealable features. Therefore, pouches, bottles, and cans are more popular packaging formats. Moreover, the smaller and single-serve packaging formats are swiping large market areas because of the changing consumer lifestyle and preferences.
Additionally, the integration of smart technologies, like augmented reality, further improves the customer engagement rate and also offers insights into the product’s ingredients, sources, and sustainability practices.
On the basis of material, the market can be segmented into paper & paperboard, glass, plastic, metal, and other materials. The metal segment is poised to witness a high growth rate in the forthcoming years. Metal packaging is viewed as more environmentally friendly because of the use of recycled metals. The portability and convenience of canned beverages are the major advantages. Metal cans are widely used for ready-to-eat meals, soups, fruits, and vegetables.
Additionally, the continuous innovation in metal packaging and technology, like sealing methods and coating designs, also contribute to the growth of the segment. Aluminum packaging is emerging as an affordable and better-quality packaging material in the market. Aluminum is light in weight, resistant to corrosion, and is the preferred material for packaging beverages and food containers.
On the basis of packaging, the market can be segmented into pouches, cartons, cans, bottles, and others. The bottle segment is estimated to grow high with a considerable CAGR during the forecast period. The increasing demand for water beverages like energy drinks, soft drinks, water, and other functional beverages is contributing to the positive growth trajectory of the segment. Premiumization and specialty beverages boost the growth rate of this segment as they demand more distinctive and high-quality packaging.
Premium water bottles, specialty drinks, juices, and other alcoholic beverages are more evident in the market. Innovation in bottle designs, like labeling techniques, ergonomic features, unique shapes, and others, appeal to customers and help brands in product differentiation. The rising trend of e-commerce shopping is further posing demand in front of the bottle industry to come up with high-end packaging solutions that help avoid leakage, prevent breakage, and secure items during transit. Customized bottle design and effective branding techniques are further driving the growth of the segment.
Report Scope
Report Attribute |
Details |
Market Size in 2022 |
USD 140.89 Billion |
Projected Market Size in 2030 |
USD 165.91 Billion |
CAGR Growth Rate |
2.06% CAGR |
Base Year |
2022 |
Forecast Years |
2023-2030 |
Key Market Players |
Orora Packaging Australia Pty Ltd., Silgan Containers LLC, Vidrala S.A, Nampak Ltd, B.A. Glass Germany GmbH, Intrapac International Corporation, Beatson Clark Ltd, Berry Global Inc., Owens-Illinois Inc., Gerresheimer AG, Ball Corporation, Ardagh Group S.A., Amcor Limited, Crown Holdings Inc., and Others. |
Key Segment |
By Product Type, By Material, By Packaging, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
Request customized purchase options to meet your research needs. Explore purchase options |
Regional Analysis
- North America to dominate the global market
North America accounts for the largest share of the global beverage packaging market. The region is characterized by many emerging trends that positively influence its dynamics. The region has a diverse beverage industry, which is expected to contribute towards the high packaging requirements.
There is a surge in the emphasis on eco-friendly and sustainable packaging solutions in the region. Increasing awareness among consumers regarding the environmental impact of harmful packaging material is driving the region toward recyclable and biodegradable packaging materials.
Also, there is a significant shift in people's preferences regarding food choices. People are adopting more functional and healthier beverages like functional water, natural juices and other plant alternatives. This shift also impacts the packaging formats, thereby posing a huge requirement for sustainable and innovative beverage packaging solutions.
The growing popularity of craft and premium beverages is further contributing heavily to the growth of the regional market. Craft beverages, including artificial spirits and craft beer, are gaining immense traction, which is picking up the trend of premium and unique packaging designs for brand differentiation. Such a landscape is likely to accentuate the growth of the regional market during the anticipated period.
Asia Pacific is also likely to see significant developments in the global beverage packaging market during the forecast period. The region is experiencing a growth in beverage consumption driven by different factors like changing lifestyles, western influence, rising population, increasing rate of urbanization, and several others.
However, this scenario is posing a huge demand for different beverage packaging solutions in the region. The region has a diverse range of beverage items like carbonated, soft drinks, bottled water, tea, traditional drinks, and others. The rise in e-commerce shopping is also positively influencing the regional market. Companies are posing a huge demand for ideal packaging solutions that can withstand the transportation and shipping challenges.
Additionally, the premiumization and branding of beverages are further pushing the growth of the regional market. Such an emerging landscape is expected to revolutionize the regional market in the coming years. For instance, Ardagh Group S.A. collaborated with Bragg Live Food Products in March 2021 to come up with a 16 oz glass bottle for its newly launched apple cider vinegar drink.
Competitive Analysis
The key players in the global beverage packaging market include:
- Orora Packaging Australia Pty Ltd.
- Silgan Containers LLC
- Vidrala S.A
- Nampak Ltd
- B.A. Glass Germany GmbH
- Intrapac International Corporation
- Beatson Clark Ltd
- Berry Global Inc.
- Owens-Illinois Inc.
- Gerresheimer AG
- Ball Corporation
- Ardagh Group S.A.
- Amcor Limited
- Crown Holdings Inc.
The global beverage packaging market is segmented as follows:
By Product Type Segment Analysis
- Dairy Beverages
- Alcoholic Beverages
- Non-Alcoholic Beverages
By Material Segment Analysis
- Paper & Paperboard
- Glass
- Plastic
- Metal
- Other Materials
By Packaging Segment Analysis
- Pouches
- Cartons
- Cans
- Bottles
- Others
By Regional Segment Analysis
- North America
- The U.S.
- Canada
- Mexico
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Content
Industry Major Market Players
- Orora Packaging Australia Pty Ltd.
- Silgan Containers LLC
- Vidrala S.A
- Nampak Ltd
- B.A. Glass Germany GmbH
- Intrapac International Corporation
- Beatson Clark Ltd
- Berry Global Inc.
- Owens-Illinois Inc.
- Gerresheimer AG
- Ball Corporation
- Ardagh Group S.A.
- Amcor Limited
- Crown Holdings Inc.
Copyright © 2023 - 2024, All Rights Reserved, Facts and Factors