Beverage Packaging Market – Industry Trends and Forecast Analysis (2023-2029)

Beverage Packaging market is expected to reach US$ 242.01 Mn. in 2029, with a CAGR of 6.42% for the period 2023-2029, because of the growing emphasis on eco-friendly and biodegradable packaging.
Beverage Packaging Market Introduction:
Packaging for food and beverages provides protection, tamper resistance, and particular physical, chemical, or biological requirements. Also, food packaging promotes food nutrition, ensures timely and consistent food delivery throughout the value chain, and lowers post-harvest losses.

Rigid plastic packaging, flexible plastic packaging, paperboard packaging, leather packaging, wood packaging, earthenware packaging, vegetable fibers and textile packaging, metal packaging, beverages cans, aerosols, and glass are some of the different types of packaging materials used in the food & beverage industries.To know about the Research Methodology :- Request Free Sample Report
Beverage Packaging Market Dynamic:
Over the forecast period, the beverage packaging industry is expected to rise at a rapid pace. The growing emphasis on eco-friendly and biodegradable packaging is expected to raise demand for beverage packaging, enhancing market trends in the process. Also, as more producers use biodegradable, recyclable, and compostable packaging, the market is see increased growth in the coming years.

The government's enforcement of severe plastic usage laws has further hampered market growth. The ban on single-use plastic in various countries throughout the world, for example, will have a simultaneous impact on the beverage packaging market share. Moreover, the growing desire to protect natural habitats and the environment may put a strain on the beverage packaging supply chain, resulting in a slowdown in the beverage packaging market revenue throughout the forecast period.

On the other hand, distribution networks differ in a cost-effective way, resulting in greater market penetration. Process automation, automated vending machines, franchising, robotics production, and licencing are expected to aid this volume-driven industry in achieving high sales, overall progress, and productivity.

Beverage Packaging Market Trends:

E-commerce as a Growing Factor:

The expansion of e-commerce across all consumer categories was one of the most startling breakthroughs at COVID-19. This resulted in a rise in home delivery of anything from individual alcohol purchases to beverages purchased as part of supermarket orders in the beverage industry. As more products are sold online, manufacturers will need to pay more attention to how their packaging performs in various shipping and delivery scenarios.

Consumers Are Hyper-Focused on Hygiene & Safety:

Consumers are now more hygiene-conscious than ever because to COVID-19, which placed hygiene and food safety to the forefront. Many more people are choosing safe packaging solutions like PET bottles, which have drinking surfaces that aren't exposed to pollutants in the air (unlike cans). Whatever happens with COVID-19 next year, these hygiene-related preferences are likely to persist in the long run, and therefore producers should keep this in mind when selecting packaging solutions for their applications.
Beverage Packaging Market Segment Analysis
Based on Packaging Type: The beverage packaging market is further sub-segmented into Bottle, Can, Carton, Pouch, and other packaging type. In terms of revenue, bottles dominated the global market in 2022. The majority of alcoholic beverages are packaged in glass drinking bottles. On the other hand, Non-alcoholic beverage application categories such as juice, milk, and others are seeing some demand. Glass bottles are easy to clean and give the total product a more professional appearance. So, their use in beverage packaging is increasing.During the forecast period, cartons are expected to grow at the fastest rate. Cartons are typically comprised of paperboard with a thin layer of aluminium and plastic, which aids in the long-term preservation of beverages. Cartons are in high demand for milk, juices, and other non-alcoholic beverages packaging since they keep the food without the need for a lot of preservatives. This packaging allows perishable beverages to be carried to areas where refrigeration and other preservation technologies are unavailable.

In terms of Material Type: The beverage packaging market is further sub-segmented into Metal, Plastic, Glass, Paper & paperboard, and other material type. In terms of revenue, glass was the most important material sector in 2022. It's primarily used to make packaging like bottles and jars. Spirit miniatures, pocket flasks, spirit bottles, wine bottles, beer bottles, juice and soft drink bottles, oil bottles, spice and sauce bottles, spice jars, and wide-mouth jars are just a few of the items available.

In the global beverage packaging market, plastic is the fastest-growing sector. The market is seeing an increase in demand for environmentally friendly and water-soluble polymers. Moreover, customers are increasingly opting for recyclable plastics these days. One of the main elements driving the adoption of recycled plastics for beverage packaging is a growing awareness of environmental protection.

Plastic packaging has a range of container options, requires less raw material, is easy to dispose of, and is lightweight. Increased beverage consumption due to Asia Pacific's expanding population, notably in India and China, is expected to benefit the entire industry. The price volatility of raw materials used in plastic manufacture, on the other hand, is predicted to pose a danger to the industry's growth.
Regional Insights:
In 2022, Asia Pacific accounted for the largest share of global revenue. Due to cheap pricing and thriving end-user sectors such as RTD juices, tea and coffee, and bottled water, PET beverage cans and bottles are in high demand in the region. The region also has a lot of promise because emerging countries like India and China are increasing their need for beverage packaging.

During the forecast period, North America is expected to have the highest CAGR. In the United States, major producers such as Tyson Foods Inc., PepsiCo Inc., Nestle, Coca-Cola Company, Kraft Heinz Co., JBS USA, and Anheuser-Busch InBev are expected to boost plastic packaging demand. Also, the rapid growth of the beverage business in North America because of customers' "on-the-go" lifestyles is expected to support regional market growth.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Beverage Packaging dynamics, structure by analyzing the market segments and projecting the Beverage Packaging size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Beverage Packaging market make the report investor’s guide.
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Beverage Packaging Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 156.55 Mn.


Forecast Period 2023 to 2029 CAGR:
6.42%
Market Size in 2029:
US $ 242.01 Mn.


 Segments Covered:
by Product Type
Non-alcoholic beverages
Alcoholic beverages
Dairy beverages


by Packaging Type
Bottle
Can
Carton
Pouch
Other packaging type


by Material Type
Metal
Plastic
Glass
Paper & paperboard
Other material type



Beverage Packaging Market, by Region
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
North America (United States, Canada and Mexico)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Key Players
1. Amcor Group GmbH
2. O-I Glass, Inc.
3. Crown Holdings, Inc
4. Ardagh Group S.A.
5. Verallia SA
6. Tetra Pak Group
7. Ball Corporation
8. Vidrala S.A.
9. Toyo Seikan Group Holdings, Ltd.
10. CPMC Holdings Limited
11. Huhtamaki Oyj.
12. Brodrene Hartmann A/S
13. UFP Technologies, Inc.
14. Gerresheimer AG.
15. Owens-Illinois, Inc.
16. Berry Global, Inc.
17. Beatson Clark Ltd.
18. Intrapac International Corporation
19. BA Glass Germany GmbH.
20. Nampak Ltd.
21. Silgan Containers LLC.
22. Mahmood Saeed Beverage Cans & Ends Industry Company Ltd.
23. Orora Packaging Australia Pty Ltd.
24. Others

Frequently Asked Questions:

1. Which region has the largest share in Beverage Packaging Market?
Ans: The Asia Pacific held the largest share in 2022.

2. What is the growth rate of the Beverage Packaging Market?
Ans: The Beverage Packaging Market is growing at a CAGR of 6.42% during the forecasting period 2023-2029.

3. What segments are covered in the Beverage Packaging market?
Ans: Beverage Packaging Market is segmented into Product Type, Material Type, Packaging Type, and Region.

4. Who are the key players in the Beverage Packaging market?
Ans: The important key players in the Beverage Packaging Market are – Amcor Group GmbH, O-I Glass, Inc., Crown Holdings, Inc, Ardagh Group S.A., Verallia SA, Tetra Pak Group, Ball Corporation, Vidrala S.A., Toyo Seikan Group Holdings, Ltd., CPMC Holdings Limited, Huhtamaki Oyj., Brodrene Hartmann A/S, UFP Technologies, Inc., Gerresheimer AG., Owens-Illinois, Inc., Berry Global, Inc., Beatson Clark Ltd., Intrapac International Corporation, BA Glass Germany GmbH., Nampak Ltd., Silgan Containers LLC., Mahmood Saeed Beverage Cans & Ends Industry Company Ltd., Orora Packaging Australia Pty Ltd., and Others.

5. What is the study period of this market?
Ans: The Beverage Packaging Market is studied from 2022 to 2029.