USD 4.90 billion
Report ID:
SQMIR30B2042 |
Region:
Regional |
Published Date: February, 2024
Pages:
198
|Tables:
105
|Figures:
74
Europe Beverage Container Market size was valued at USD 4.90 billion in 2021 and is poised to grow from USD 5.17 billion in 2022 to USD 7.93 billion by 2030, growing at a CAGR of 5.5% in the forecast period (2023-2030).
The growth of the market is substantially influenced by the surge in beer consumption. Beer, among the prominent alcoholic beverages, relies on packaging via glass bottles and metal cans. Dark-colored glass bottles serve as the primary packaging choice, attributed to their ability to shield the contents from UV light, which can otherwise compromise the beverage's quality.
This packaging strategy is crucial in preserving beer, safeguarding it against spoilage and maintaining its flavor integrity. Moreover, the versatility in beer sizes and the convenience of one-time consumption contribute significantly to its popularity among consumers. These varied preferences drive innovation within the beverage container industry, catering to diverse consumer demands and ultimately fueling its growth trajectory.
Global Market Size
USD 4.90 billion
Largest Segment
Glass
Fastest Growth
Growth Rate
5.5% CAGR
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The Europe beverage container market is segmented into various major segments. Based on material the market is segmented as, plastic, metal, glass, paperboard. Based on type the market is segmented as, bottles & jar, cartons, cans, bag-in-boxes, pouches, others (cups, tubs, bowls etc.). Based on application the market is segmented as, alcoholic beverages, beer, wine, spirits, non-alcoholic beverages, carbonated soft drinks, bottled water, dairy, juices, sports drinks, enhanced water, others. Based on region the market is segmented as, Germany, UK, France, Italy, Spain, Belgium, Sweden, Norway, Denmark, Finland, Iceland, Switzerland, Netherlands.
Analysis by Type
Cartons held a substantial volume share within the Europe beverage container market, establishing themselves as a prominent packaging choice. Their versatility allows for the secure storage and transportation of beverages while offering customizable packaging tailored to manufacturers' specific marketing needs. Cartons gained traction due to several advantageous factors that bolstered their appeal across the industry. They provided extended shelf life for beverages, reducing wastage and ensuring product freshness.
The pouches segment is forecasted to experience a robust CAGR of 5.5% in revenue between 2023 and 2030. This anticipated growth stems from the rising favorability of pouches within the market, attributed to their inherent flexibility and ease of handling. Pouches have garnered popularity owing to their adaptable nature, catering to the evolving preferences of consumers.
Analysis by Material
Plastic continues to maintain its status as the predominant container choice for packaging water, along with its prevalence in carbonated drinks and juices. Nestle, a key player in the packaged water sector, recently made a significant commitment to bolster its sustainability efforts within its packaging. The company announced a pledge to escalate its utilization of recycled plastics, specifically aiming to incorporate 25% rPET (recycled PET) in its bottles across Europe by the year 2025. This ambitious initiative underlines Nestle's dedication to enhancing the eco-friendliness of its packaging solutions, aligning with broader industry trends toward increased sustainability and reduced environmental impact.
The glass segment is poised for a steady CAGR of 4.8% from 2020 to 2026, showcasing a sustained upward trajectory within the market. Glass possesses inherent qualities that contribute to its appeal, including its odorless nature, chemical inertness, and robust resistance to gasses and vapors. Moreover, it stands out as an eco-friendly material, notably reflected in the European Union's commendable increase in glass recycling rates, nearing an impressive 73%. This surge in recycling rates underscores the material's sustainability and its alignment with environmental initiatives, further enhancing its appeal within the market.
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Germany plays a pivotal role in the European beverage container market, boasting a robust segment that significantly influences industry trends and standards. Renowned for its technological advancements and stringent quality measures, Germany's segment sets high benchmarks for container manufacturing, packaging innovation, and sustainability practices. It serves as a cornerstone for the industry's evolution, often pioneering eco-friendly materials, efficient production techniques, and recyclability initiatives.
France contributes significantly to the European beverage container market, wielding influence through its unique approaches to packaging and consumer preferences. Renowned for its appreciation of artistry and design, the French segment emphasizes aesthetics and innovation in container packaging. This focus extends to the utilization of creative materials and unique designs that cater to evolving consumer tastes. Moreover, France's emphasis on preserving cultural traditions while integrating modern sustainability practices sets a benchmark for the industry.
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Drivers
Rising Trend towards Healthier Living
Restraints
Stringent Regulations and Sustainability Concerns
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The competitive environment of the Europe Beverage Container Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading brands invest in research and development to introduce new flavors, packaging formats, and health-focused variations to cater to changing consumer preferences. They often set the trends in the industry.
Top Player’s Company Profiles
Recent Developments
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.
Europe beverage container marketplace analysis exhibits a dynamic marketplace with some of standout developments and problems. The burgeoning demand for aseptic packaging stands as a key driver propelling significant advancements within the industry during the study timeframe. Aseptic packaging, known for its ability to maintain product integrity and extend shelf life, has garnered increased attention and adoption across various sectors. This packaging method employs sterile conditions to package products, preventing contamination and preserving freshness without the need for added preservatives or refrigeration. The rising consumer preference for minimally processed and preservative-free products has fueled the surge in demand for aseptic packaging.
Report Metric | Details |
---|---|
Market size value in 2021 | USD 4.90 billion |
Market size value in 2030 | USD 7.93 billion |
Growth Rate | 5.5% |
Base year | 2023 |
Forecast period | 2023-2030 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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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 |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Europe Beverage Container 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 Europe Beverage Container 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.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Europe Beverage Container Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Europe Beverage Container 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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Report ID: SQMIR30B2042
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