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The Beverage Packaging Market Size was valued at USD 145.88 Billion in 2023 and is expected to reach USD 215.05 Billion by 2032, growing at CAGR of 4.45% from 2024 to 2032.
The market for beverage packaging is a vibrant and constantly changing sector of the economy that is dedicated to developing, producing, and distributing packaging products that are especially made for beverages. It includes many different types of packaging, such as pouches, cartons, bottles, cans, and more.
Sustainability is one of the main factors influencing the beverage packaging market. Due to growing environmental concerns, there is a rise in demand for packaging materials that are environmentally friendly and have a minimal negative impact on the environment. Companies are actively looking for alternatives to single-use plastic packaging, such as Sustainable Plastic Packaging materials, recycled content, and cutting-edge packaging designs that produce the least amount of waste.
The ease of the consumer is another important market factor. Consumers are given convenience and functionality through beverage packaging. Resealable closures, ergonomic shapes for simple handling, and packaging that preserves the beverage's freshness and quality are some examples of these features.
In the market for beverage packaging, branding, and shelf appeal are equally important. In order to build brand recognition and draw customers to store shelves, packaging is essential. To set their products apart from the competition and create a distinctive brand identity, businesses invest in eye-catching designs, unusual shapes, and efficient labelling methods.
The market for beverage packaging has also been impacted by the growth of e-commerce. Because of the rising popularity of online shopping and direct-to-consumer sales, packaging must be durable enough to safeguard the item during shipping while also ensuring that customers have a fun unboxing experience.
The market has also been impacted by technological advancements. Companies can now improve product safety, increase shelf life, and engage customers through interactive packaging experiences thanks to advancements in printing techniques, smart packaging options, and active packaging technologies.
The market for beverage packaging is heavily influenced by governmental regulations. Packaging materials and practices are impacted by laws governing food safety, labelling requirements, and environmental standards, necessitating compliance with these laws as well as adaptation by businesses.
KEY DRIVERS:
Increase in e-commerce and D2C
High beverage consumption in developing countries
The per capita income in developing countries has seen growth. This has given a market for the beverage consumption and beverage packaging market. The total value of the beer market was $95 Bn in 2020. The changing lifestyle and increased youth population increased beverage consumption, also giving rise to the beverage packaging market.
RESTRAIN:
Consumer acceptance for new packaging designs
Government rules & regulation
Materials used for packaging are harming the environment. Governments have imposed strict laws regarding beverage packaging.
OPPORTUNITY:
Market Expansion in emerging economies.
Green Packaging, use of biodegradable raw materials
Consumers are concerned about the environment and are moving towards, sustainable substitutes over traditionally packaged products. According to a survey in the US, 70% of people are ready to pay increased prices for recycled products. The use of biopolymers can be increased in production which is obtained from corn-starch, and vegetables.
CHALLENGES:
Increased cost due to technological advancements
Sustainable packaging requires technology and high-quality research and development which increase the price of the final product. This affects the overall profitability of the industry and the growth of the beverage packaging market.
The Russian economy has gotten worse since the start of the war in Ukraine and the imposition of significant economic sanctions at the end of February and the beginning of March 2022. In 2022, it is anticipated that Russia's consumer spending, which accounts for 47% of the nation's GDP, drastically declined. Consumers are being compelled to alter their buying habits and choose more affordable options as a result of declining incomes. Freedom restrictions, severe penalties, rising inflation, declining disposable incomes, and rising unemployment are all contributing to an increase in emigration. Decreased Consumer spending has affected less production of beverage packaging. Less import and export of raw materials due to trade disruptions.
Beer must be packaged in regular and mini bottles, both of which need glasses. The main suppliers of this material were forced to increase their prices for their clients as a result of the energy surcharges brought on by the interruption of the Russian supply. This increase is also being applied by other glass suppliers like Algeria and the United States. Prices of raw material increased such as aluminium, due to the prohibition on trade of aluminium by Russia.
Paper is the key material for packaging of beverages, it consumes a total 4% of world energy.
Covid-19 has boosted the metal beverage packaging market, due to the rise in the growth of the population for beverage consumption. However, there covid-19 affected the overall beverage packaging market. The global beverage packaging market reached, $110.2 Bn in 2020, which was $ 4.5 Bn less as compared to the previous year. Due to the pandemic, people were forced to stay at home, which increased demand for food and beverages as people were stocking the food and beverages, which boosted the beverage packaging market.
Also, due to covid-19, people have adopted a healthy lifestyle, which has given rise to the non-alcoholic beverage market.
Online sales of alcohol increased by 234% in the US in March 2020 when compared to the same month the year before. Australia reports that online sales have increased by more than 450% since the start of COVID-19 compared to the same time last year.
During the first week following the lockdown, online sales in the UK increased by more than 40% from the corresponding week in 2019. Overall, due to covid-19 there has been growth in the beverage consumptions giving rise to beverage packaging market.
By Raw Material
By Product Type
Liquid Cartons
Plastic Bottles
Glass Bottles
Cans
Pouches
Others
By Application
Alcoholic
Non-Alcoholic
The Asia-Pacific region will hold the largest market share in the beverage packaging market, due to an increase in demand for beverages such as cooldrinks, beers, and others. The rising per capita income in developing countries is generating more demand for beverages, contributing to the growth of the beverage packaging market.
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REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Some major key players in the beverage packaging market are Saint-Gobain S.A, Reynolds Group Holdings Limited, Crown Holdings Inc, Ball Corporation, Orora Packaging Australia Pty Ltd, Berry Global Inc, Intrapac International Corporation, Amcor Limited, Owens-Illinois Inc, BA Glass Germany GmbH, and other players.
According to the news on 15 February 2023, the Indian beverage industry moving towards green packaging stating that it is a need of today’s industry.
Tethered caps for SIG's beverage cartons will be introduced in Europe in the second half of 2021, far ahead of the July 2024 deadline imposed by EU regulations.
| Report Attributes | Details |
| Market Size in 2023 | US$ 145.88 Billion |
| Market Size by 2031 | US$ 215.05 Billion |
| CAGR | CAGR of 4.45% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Raw Material (Plastic, Metal, Glass, Paper & Paperboard) • By Product Type (Liquid Cartons, Plastic Bottles, Glass Bottles, Cans, Pouches, Others) • By Application (Alcoholic, Non-Alcoholic) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe [Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Saint-Gobain S.A, Reynolds Group Holdings Limited, Crown Holdings Inc, Ball Corporation, Orora Packaging Australia Pty Ltd, Berry Global Inc, Intrapac International Corporation, Amcor Limited, Owens-Illinois Inc, BA Glass Germany GmbH, and other players |
| Key Drivers | • Increase in e-commerce and D2C • High beverage consumption in developing countries |
| Market Opportunities | • Market Expansion in emerging economies. • Green Packaging, use of biodegradable raw materials |
Ans: Beverage Packaging Market is expected to grow at a CAGR of 4.45% over the forecast period of 2024-2032.
Ans: The Beverage Packaging Market size was USD 145.88 Billion in 2023 and is expected to Reach USD 215.05 Billion by 2032.
Ans: Major key players in the beverage packaging market are Saint-Gobain S.A, Reynolds Group Holdings Limited, Crown Holdings Inc, Ball Corporation, Orora Packaging Australia Pty Ltd, Berry Global Inc, Intrapac International Corporation, Amcor Limited, Owens-Illinois Inc, BA Glass Germany GmbH.
Ans: High beverage consumption in developing countries is major key driver for the growth of beverage packaging market.
Ans: Asia Pacific region is dominating the Beverage Packaging Market, because of large demand for beverages from the emerging economies.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. Beverage Packaging Market Segmentation, By Raw Material
9.1 Introduction
9.2 Trend Analysis
9.3 Plastic
9.4 Metal
9.5 Glass
9.6 Paper & Paperboard
10. Beverage Packaging Market Segmentation, By Product Type
10.1 Introduction
10.2 Trend Analysis
10.3 Liquid Cartons
10.4 Plastic Bottles
10.5 Glass Bottles
10.6 Cans
10.7 Pouches
10.8 Others
11. Beverage Packaging Market Segmentation, By Application
11.1 Introduction
11.2 Trend Analysis
11.3 Alcoholic
11.4 Non-Alcoholic
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 Trend Analysis
12.2.2 North America Beverage Packaging Market by Country
12.2.3 North America Beverage Packaging Market By Raw Material
12.2.4 North America Beverage Packaging Market By Product Type
12.2.5 North America Beverage Packaging Market By Application
12.2.6 USA
12.2.6.1 USA Beverage Packaging Market By Raw Material
12.2.6.2 USA Beverage Packaging Market By Product Type
12.2.6.3 USA Beverage Packaging Market By Application
12.2.7 Canada
12.2.7.1 Canada Beverage Packaging Market By Raw Material
12.2.7.2 Canada Beverage Packaging Market By Product Type
12.2.7.3 Canada Beverage Packaging Market By Application
12.2.8 Mexico
12.2.8.1 Mexico Beverage Packaging Market By Raw Material
12.2.8.2 Mexico Beverage Packaging Market By Product Type
12.2.8.3 Mexico Beverage Packaging Market By Application
12.3 Europe
12.3.1 Trend Analysis
12.3.2 Eastern Europe
12.3.2.1 Eastern Europe Beverage Packaging Market by Country
12.3.2.2 Eastern Europe Beverage Packaging Market By Raw Material
12.3.2.3 Eastern Europe Beverage Packaging Market By Product Type
12.3.2.4 Eastern Europe Beverage Packaging Market By Application
12.3.2.5 Poland
12.3.2.5.1 Poland Beverage Packaging Market By Raw Material
12.3.2.5.2 Poland Beverage Packaging Market By Product Type
12.3.2.5.3 Poland Beverage Packaging Market By Application
12.3.2.6 Romania
12.3.2.6.1 Romania Beverage Packaging Market By Raw Material
12.3.2.6.2 Romania Beverage Packaging Market By Product Type
12.3.2.6.4 Romania Beverage Packaging Market By Application
12.3.2.7 Hungary
12.3.2.7.1 Hungary Beverage Packaging Market By Raw Material
12.3.2.7.2 Hungary Beverage Packaging Market By Product Type
12.3.2.7.3 Hungary Beverage Packaging Market By Application
12.3.2.8 Turkey
12.3.2.8.1 Turkey Beverage Packaging Market By Raw Material
12.3.2.8.2 Turkey Beverage Packaging Market By Product Type
12.3.2.8.3 Turkey Beverage Packaging Market By Application
12.3.2.9 Rest of Eastern Europe
12.3.2.9.1 Rest of Eastern Europe Beverage Packaging Market By Raw Material
12.3.2.9.2 Rest of Eastern Europe Beverage Packaging Market By Product Type
12.3.2.9.3 Rest of Eastern Europe Beverage Packaging Market By Application
12.3.3 Western Europe
12.3.3.1 Western Europe Beverage Packaging Market by Country
12.3.3.2 Western Europe Beverage Packaging Market By Raw Material
12.3.3.3 Western Europe Beverage Packaging Market By Product Type
12.3.3.4 Western Europe Beverage Packaging Market By Application
12.3.3.5 Germany
12.3.3.5.1 Germany Beverage Packaging Market By Raw Material
12.3.3.5.2 Germany Beverage Packaging Market By Product Type
12.3.3.5.3 Germany Beverage Packaging Market By Application
12.3.3.6 France
12.3.3.6.1 France Beverage Packaging Market By Raw Material
12.3.3.6.2 France Beverage Packaging Market By Product Type
12.3.3.6.3 France Beverage Packaging Market By Application
12.3.3.7 UK
12.3.3.7.1 UK Beverage Packaging Market By Raw Material
12.3.3.7.2 UK Beverage Packaging Market By Product Type
12.3.3.7.3 UK Beverage Packaging Market By Application
12.3.3.8 Italy
12.3.3.8.1 Italy Beverage Packaging Market By Raw Material
12.3.3.8.2 Italy Beverage Packaging Market By Product Type
12.3.3.8.3 Italy Beverage Packaging Market By Application
12.3.3.9 Spain
12.3.3.9.1 Spain Beverage Packaging Market By Raw Material
12.3.3.9.2 Spain Beverage Packaging Market By Product Type
12.3.3.9.3 Spain Beverage Packaging Market By Application
12.3.3.10 Netherlands
12.3.3.10.1 Netherlands Beverage Packaging Market By Raw Material
12.3.3.10.2 Netherlands Beverage Packaging Market By Product Type
12.3.3.10.3 Netherlands Beverage Packaging Market By Application
12.3.3.11 Switzerland
12.3.3.11.1 Switzerland Beverage Packaging Market By Raw Material
12.3.3.11.2 Switzerland Beverage Packaging Market By Product Type
12.3.3.11.3 Switzerland Beverage Packaging Market By Application
12.3.3.1.12 Austria
12.3.3.12.1 Austria Beverage Packaging Market By Raw Material
12.3.3.12.2 Austria Beverage Packaging Market By Product Type
12.3.3.12.3 Austria Beverage Packaging Market By Application
12.3.3.13 Rest of Western Europe
12.3.3.13.1 Rest of Western Europe Beverage Packaging Market By Raw Material
12.3.3.13.2 Rest of Western Europe Beverage Packaging Market By Product Type
12.3.3.13.3 Rest of Western Europe Beverage Packaging Market By Application
12.4 Asia-Pacific
12.4.1 Trend Analysis
12.4.2 Asia-Pacific Beverage Packaging Market by Country
12.4.3 Asia-Pacific Beverage Packaging Market By Raw Material
12.4.4 Asia-Pacific Beverage Packaging Market By Product Type
12.4.5 Asia-Pacific Beverage Packaging Market By Application
12.4.6 China
12.4.6.1 China Beverage Packaging Market By Raw Material
12.4.6.2 China Beverage Packaging Market By Product Type
12.4.6.3 China Beverage Packaging Market By Application
12.4.7 India
12.4.7.1 India Beverage Packaging Market By Raw Material
12.4.7.2 India Beverage Packaging Market By Product Type
12.4.7.3 India Beverage Packaging Market By Application
12.4.8 Japan
12.4.8.1 Japan Beverage Packaging Market By Raw Material
12.4.8.2 Japan Beverage Packaging Market By Product Type
12.4.8.3 Japan Beverage Packaging Market By Application
12.4.9 South Korea
12.4.9.1 South Korea Beverage Packaging Market By Raw Material
12.4.9.2 South Korea Beverage Packaging Market By Product Type
12.4.9.3 South Korea Beverage Packaging Market By Application
12.4.10 Vietnam
12.4.10.1 Vietnam Beverage Packaging Market By Raw Material
12.4.10.2 Vietnam Beverage Packaging Market By Product Type
12.4.10.3 Vietnam Beverage Packaging Market By Application
12.4.11 Singapore
12.4.11.1 Singapore Beverage Packaging Market By Raw Material
12.4.11.2 Singapore Beverage Packaging Market By Product Type
12.4.11.3 Singapore Beverage Packaging Market By Application
12.4.12 Australia
12.4.12.1 Australia Beverage Packaging Market By Raw Material
12.4.12.2 Australia Beverage Packaging Market By Product Type
12.4.12.3 Australia Beverage Packaging Market By Application
12.4.13 Rest of Asia-Pacific
12.4.13.1 Rest of Asia-Pacific Beverage Packaging Market By Raw Material
12.4.13.2 Rest of Asia-Pacific Beverage Packaging Market By Product Type
12.4.13.3 Rest of Asia-Pacific Beverage Packaging Market By Application
12.5 Middle East & Africa
12.5.1 Trend Analysis
12.5.2 Middle East
12.5.2.1 Middle East Beverage Packaging Market by Country
12.5.2.2 Middle East Beverage Packaging Market By Raw Material
12.5.2.3 Middle East Beverage Packaging Market By Product Type
12.5.2.4 Middle East Beverage Packaging Market By Application
12.5.2.5 UAE
12.5.2.5.1 UAE Beverage Packaging Market By Raw Material
12.5.2.5.2 UAE Beverage Packaging Market By Product Type
12.5.2.5.3 UAE Beverage Packaging Market By Application
12.5.2.6 Egypt
12.5.2.6.1 Egypt Beverage Packaging Market By Raw Material
12.5.2.6.2 Egypt Beverage Packaging Market By Product Type
12.5.2.6.3 Egypt Beverage Packaging Market By Application
12.5.2.7 Saudi Arabia
12.5.2.7.1 Saudi Arabia Beverage Packaging Market By Raw Material
12.5.2.7.2 Saudi Arabia Beverage Packaging Market By Product Type
12.5.2.7.3 Saudi Arabia Beverage Packaging Market By Application
12.5.2.8 Qatar
12.5.2.8.1 Qatar Beverage Packaging Market By Raw Material
12.5.2.8.2 Qatar Beverage Packaging Market By Product Type
12.5.2.8.3 Qatar Beverage Packaging Market By Application
12.5.2.9 Rest of Middle East
12.5.2.9.1 Rest of Middle East Beverage Packaging Market By Raw Material
12.5.2.9.2 Rest of Middle East Beverage Packaging Market By Product Type
12.5.2.9.3 Rest of Middle East Beverage Packaging Market By Application
12.5.3 Africa
12.5.3.1 Africa Beverage Packaging Market by Country
12.5.3.2 Africa Beverage Packaging Market By Raw Material
12.5.3.3 Africa Beverage Packaging Market By Product Type
12.5.3.4 Africa Beverage Packaging Market By Application
12.5.3.5 Nigeria
12.5.3.5.1 Nigeria Beverage Packaging Market By Raw Material
12.5.3.5.2 Nigeria Beverage Packaging Market By Product Type
12.5.3.5.3 Nigeria Beverage Packaging Market By Application
12.5.3.6 South Africa
12.5.3.6.1 South Africa Beverage Packaging Market By Raw Material
12.5.3.6.2 South Africa Beverage Packaging Market By Product Type
12.5.3.6.3 South Africa Beverage Packaging Market By Application
12.5.3.7 Rest of Africa
12.5.3.7.1 Rest of Africa Beverage Packaging Market By Raw Material
12.5.3.7.2 Rest of Africa Beverage Packaging Market By Product Type
12.5.3.7.3 Rest of Africa Beverage Packaging Market By Application
12.6 Latin America
12.6.1 Trend Analysis
12.6.2 Latin America Beverage Packaging Market by country
12.6.3 Latin America Beverage Packaging Market By Raw Material
12.6.4 Latin America Beverage Packaging Market By Product Type
12.6.5 Latin America Beverage Packaging Market By Application
12.6.6 Brazil
12.6.6.1 Brazil Beverage Packaging Market By Raw Material
12.6.6.2 Brazil Beverage Packaging Market By Product Type
12.6.6.3 Brazil Beverage Packaging Market By Application
12.6.7 Argentina
12.6.7.1 Argentina Beverage Packaging Market By Raw Material
12.6.7.2 Argentina Beverage Packaging Market By Product Type
12.6.7.3 Argentina Beverage Packaging Market By Application
12.6.8 Colombia
12.6.8.1 Colombia Beverage Packaging Market By Raw Material
12.6.8.2 Colombia Beverage Packaging Market By Product Type
12.6.8.3 Colombia Beverage Packaging Market By Application
12.6.9 Rest of Latin America
12.6.9.1 Rest of Latin America Beverage Packaging Market By Raw Material
12.6.9.2 Rest of Latin America Beverage Packaging Market By Product Type
12.6.9.3 Rest of Latin America Beverage Packaging Market By Application
13. Company Profiles
13.1 Saint-Gobain S.A
13.1.1 Company Overview
13.1.2 Financial
13.1.3 Products/ Services Offered
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 Reynolds Group Holdings Limited
13.2.1 Company Overview
13.2.2 Financial
13.2.3 Products/ Services Offered
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 Crown Holdings Inc
13.3.1 Company Overview
13.3.2 Financial
13.3.3 Products/ Services Offered
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Ball Corporation
13.4.1 Company Overview
13.4.2 Financial
13.4.3 Products/ Services Offered
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 Orora Packaging Australia Pty Ltd
13.5.1 Company Overview
13.5.2 Financial
13.5.3 Products/ Services Offered
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 Berry Global Inc
13.6.1 Company Overview
13.6.2 Financial
13.6.3 Products/ Services Offered
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Intrapac International Corporation
13.7.1 Company Overview
13.7.2 Financial
13.7.3 Products/ Services Offered
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 Amcor Limited
13.8.1 Company Overview
13.8.2 Financial
13.8.3 Products/ Services Offered
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 Owens-Illinois Inc
13.9.1 Company Overview
13.9.2 Financial
13.9.3 Products/ Services Offered
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 BA Glass Germany GmbH
13.10.1 Company Overview
13.10.2 Financial
13.10.3 Products/ Services Offered
13.10.4 SWOT Analysis
13.10.5 The SNS View
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions
15. Use Case and Best Practices
16. Conclusion
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