USD 137.91 billion
Beverage Packaging Market Size, Share, Growth Analysis, By Material(Plastic, Glass, Metal, Paperboard), By Packaging(Bottles, Cans, Cartons, Pouches), By Application(Alcoholic Beverages, Non-Alcoholic Beverages, Carbonated Soft Drinks, Juices), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15H2058 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
98
|Figures:
75
Beverage Packaging Market Insights
Global Beverage Packaging Market size was valued at USD 137.91 billion in 2022 and is poised to grow from USD 144.1 billion in 2023 to USD 196.23 billion by 2031, growing at a CAGR of 4.7% in the forecast period (2024-2031).
In recent years, the global beverage packaging market has been changing consumer preferences and is characterized by dynamic trends and factors influencing its trajectory. Rapid urbanization, changing consumer lifestyles, and a surge in on-the-go consumption are driving the demand for innovative and sustainable beverage packaging solutions.
Manufacturers are increasingly focusing on eco-friendly materials and designs to address environmental concerns. Convenience features such as resealable closures and lightweight packaging are gaining prominence.
The rise of e-commerce channels and the need for efficient logistics solutions are also impacting the market. Geographically, Asia-Pacific holds a significant share, driven by the flourishing beverage industry and expanding middle-class population.
As the market evolves, continued emphasis on sustainability, technological advancements, and market consolidation are anticipated to shape its future landscape.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Plastic
Fastest Growth
Paperboard
Growth Rate
4.7% CAGR
Global Beverage Packaging Market ($ Bn)
Country Share for asia pacific Region (%)
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Beverage Packaging Market Segmental Analysis
The global beverage packaging market is segmented into four major segments i.e. by material, packaging, application, and region. Based on type, it is divided into plastic, glass, metal, paperboard, and others. Based on packaging type, it is bifurcated as bottles, cans, cartons, pouches, and others. Based on application it is segregated into alcoholic beverages, non-alcoholic beverages, carbonated soft drinks, juices, water, tea and coffee, others. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa.
Analysis by Type
Plastic is expected to dominate the beverage packaging market due to its versatility, lightweight nature, and cost-effectiveness. Plastic packaging offers convenience, ease of transportation, and is widely used for various beverage applications, including water, soft drinks, and juices. The material's adaptability to different shapes and sizes, coupled with its favorable economic factors, positions plastic as a dominant choice for beverage packaging.
Paperboard is anticipated to be the fastest growing material type, driven by the increasing demand for sustainable and eco-friendly packaging solutions. With a rising emphasis on environmental concerns, paperboard offers a renewable and biodegradable alternative. Brands and consumers are increasingly favoring paperboard for its recyclability and perceived eco-friendliness, especially for premium and organic beverage products, contributing to its rapid growth in the market.
Analysis by Application
Non-alcoholic beverages are expected to dominate the market due to their widespread consumption globally. The segment includes a variety of products such as carbonated soft drinks, juices, water, tea, and coffee, which are consumed on a daily basis by a large and diverse consumer base. The demand for innovative and convenient packaging solutions for non-alcoholic beverages, especially in emerging markets, contributes to the dominance of this application segment.
The water segment is anticipated to be the fastest growing application segment. Growing health consciousness, coupled with an increased focus on hydration, is driving the demand for packaged water. The convenience and portability of water packaged in bottles or other formats contribute to its rapid growth. Additionally, the shift towards sustainable and eco-friendly packaging for water, such as using recycled materials, is further propelling the growth of this application segment in response to consumer preferences and regulatory trends.
Global Beverage Packaging Market By Material Type
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Beverage Packaging Market Regional Insights
Asia-Pacific is expected to dominate the beverage packaging market due to the region's rapid urbanization, growing population, and rising disposable incomes. The flourishing beverage industry, particularly in countries like China and India, is a significant driver. The demand for innovative and convenient packaging solutions aligns with changing consumer lifestyles and preferences in this dynamic market, solidifying Asia-Pacific's dominant position.
The Middle East & Africa is anticipated to be the fastest growing region. The region's beverage industry is experiencing considerable expansion, driven by a rising consumer demand for a variety of beverages, including bottled water and soft drinks. Economic development, urbanization, and a shift towards packaged and convenience products are contributing factors. Additionally, increased investments in infrastructure and the adoption of modern retail formats are propelling the beverage packaging market's growth in the Middle East & Africa.
Global Beverage Packaging Market By Region
- Largest
- Fastest
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Beverage Packaging Market Dynamics
Drivers
Increasing Urbanization and a Shift in Consumer Lifestyles
- The rapid urbanization and a shift in consumer lifestyles towards convenience have led to an increased demand for on-the-go and easily transportable beverage products. The burgeoning beverage industry, encompassing both alcoholic and non-alcoholic segments, plays a pivotal role in driving packaging innovations. Additionally, the rising awareness of environmental sustainability has pushed the industry towards eco-friendly packaging solutions. Technological advancements, including smart packaging features and interactive labels, further enhance consumer engagement.
Restraints
High Environmental Impact Associated with Packaging Materials
- One of the main market restraints is the environmental impact associated with packaging materials, particularly single-use plastics. Increasing awareness of plastic pollution and stringent regulations on plastic usage pose challenges to traditional packaging methods. Additionally, fluctuating raw material prices and supply chain disruptions can impact production costs and, subsequently, pricing strategies. The need for constant innovation and adherence to sustainability goals puts pressure on manufacturers to invest in eco-friendly alternatives.
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Beverage Packaging Market Competitive Landscape
The competitive environment of the beverage packaging market is dynamic and characterized by the active participation of key players striving for market share and innovation. Strategic collaborations, mergers, and acquisitions are common strategies employed by key players to expand their market footprint and enhance their technological capabilities. The competitive dynamics are further shaped by the growing emphasis on sustainable packaging solutions, driving companies to invest in eco-friendly materials and practices.
Top Player’s Company Profiles
- Ardagh Group S.A.
- Crown Holdings, Inc.
- Mondi plc
- Orora Packaging Australia Pty Ltd
- SIG Combibloc Group AG
- Smurfit Kappa Group PLC
- Sonoco Products Company
- Stora Enso
- Tetra Pak International SA
- O-I Glass, Inc.
- Verallia SA
- Toyo Seikan Group Holdings, Ltd.
- CPMC Holdings Limited
- Vidrala S.A.
- Alpla Group
- AptarGroup Inc.
Recent Developments
- In August 2023, Crown Holdings, Inc. (NYSE: CCK) has officially completed the purchase of Helvetia Packaging AG, a manufacturing facility specializing in beverage cans and ends located in Saarlouis, Germany. This acquisition marks a strategic move to broaden Crown's European beverage can platform, adding a substantial annual capacity of approximately one billion units.
- In August 2023, TricorBraun, a prominent global packaging leader, acquired CanSource, a renowned provider of can packaging and associated services. This strategic move serves to enhance TricorBraun's expertise in beverage packaging, reinforcing its position within the North American beverage packaging market.
- In August 2023, Ball Corporation, a leading beverage packaging company, announced that it has developed a new recyclable aluminum can that is lighter and more durable than traditional cans. The new can is expected to reduce the company's carbon emissions by 10%.
Beverage Packaging Key Market Trends
Rising Emphasis on Eco-friendly Materials and Designs to Address
- Sustainability emerges as a paramount focus, with a growing emphasis on eco-friendly materials and designs to address environmental concerns. Smart packaging technologies, including QR codes and augmented reality labels, are gaining traction, enhancing consumer engagement and supply chain traceability. Customization and personalization in packaging are on the rise, catering to diverse consumer preferences. The demand for lightweight and convenient packaging solutions continues to grow, aligning with the trend of on-the-go consumption.
Beverage Packaging Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Global beverage packaging market analysis reveals a dynamic marketplace with a number of standout trends and difficulties. The market is propelled by urbanization, changing lifestyles, and a surge in on-the-go consumption. Sustainable packaging materials and smart technologies drive innovation. However, environmental concerns pose a restraint. Dominated by plastic, packaging types include bottles, cans, cartons, and pouches. Non-alcoholic beverages lead applications, especially in Asia-Pacific. The Middle East & Africa exhibits the fastest growth. Key trends include a focus on eco-friendly materials, smart packaging features, customization, and lightweight solutions, reflecting an industry commitment to sustainability and consumer-centric innovations.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 137.91 billion |
| Market size value in 2031 | USD 196.23 billion |
| Growth Rate | 4.7% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Beverage Packaging Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Beverage Packaging Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Beverage Packaging Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Beverage Packaging Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Beverage Packaging Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Beverage Packaging Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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