Beverage Packaging Market Analysis by Packaging Material (Glass, Metal, Plastic, Paperboard), By Beverage Type (Alcoholic beverage, Non-alcoholic beverage), By Packaging Type (Bottles, Cans, Carton) and by Region: Global Forecast, 2024 - 2034.
- PUBLISHED ON
- 2024-07-10
- NO OF PAGES
- 220
- CATEGORY
- Packaging
Market Overview
The Beverage Packaging market is predicted to develop at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2034, when it is projected to reach USD 239.15 Billion, based on an average growth pattern. The market is estimated to reach a value of USD 151.08 Billion in 2024.
SOURCE: We Market Research
The Beverage
Packaging Market includes the development, manufacture, and distribution of
packaging materials specifically designed for beverages such as soft drinks,
alcoholic beverages, juices, and water. It encompasses a variety of packaging
styles such as bottles, cans, cartons, and pouches that are intended to
maintain freshness, ensure safety, and improve consumer convenience.
Sustainability initiatives, lightweighting to reduce material usage, and
packaging technology advances for increased shelf life and transit efficiency
are some of the market's key themes. Consumer preferences, legal constraints,
and improvements in packaging materials that address environmental issues as
well as product differentiation efforts among beverage brands all have an impact
on the industry.
Consumers'
increasing need for convenience and portability is a key driver in the Beverage
Packaging Market. Packaging developments that provide convenient formats such
as cans, PET bottles, and pouches cater to fast-paced lives and on-the-go
consuming habits. Furthermore, sustainability concerns are driving the market
towards eco-friendly packaging options, such as recyclable materials and
lightweight designs that reduce carbon footprint. Regulatory constraints for
safe and compliant packaging also have an impact on market dynamics, driving
advances in packaging technology and materials to maintain product integrity
and customer safety. Collectively, these drivers drive global growth and
innovation in the beverage packaging business.
Market Scope
|
Report Attributes |
Description |
|
Market Size in 2024 |
USD 151.08 Billion |
|
Market Forecast in 2034 |
USD 239.15 Billion |
|
CAGR % 2024-2034 |
4.7% |
|
Base Year |
2023 |
|
Historic Data |
2016-2022 |
|
Forecast Period |
2024-2034 |
|
Report USP
|
Production, Consumption, company share, company
heatmap, company production capacity, growth factors and more |
|
Segments Covered |
By Packaging Material, By Beverage Type, By Packaging Type and By
Region |
|
Regional Scope |
North America, Europe, APAC, South America and
Middle East and Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic
Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia;
Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa;
Nigeria |
Beverage Packaging Industry: Dynamics & Restrains
Market opportunity:
We Market Research: Beverage Packaging Dashboard
Our marketing platform offers a comprehensive dashboard that provides clients with valuable insights into market trends over the years. Included below is a sample image of our dashboard, and specific PDF logins will be furnished to grant access to this insightful tool.
Beverage Packaging Segmentation
Market- By Packaging Material Analysis
By Packaging Material, the Beverage Packaging Market is Categories into Glass, Metal, Plastic, Paperboard. The Plastic segment accounts for the largest share of around 40% in 2024.
The plastic segment in the Beverage
Packaging Market is driven by its lightweight nature, durability, and
cost-effectiveness, making it ideal for various beverages. Its versatility
allows for innovative designs and shapes, meeting diverse consumer preferences
and sustainability goals in packaging solutions.
The
following segments are part of an in-depth analysis of the global Beverage
Packaging market:
|
Market Segments |
|
|
By Beverage Type |
·
Alcoholic beverage ·
Non-alcoholic beverage |
|
By Packaging
Type |
·
Bottles ·
Cans ·
Carton |
Beverage Packaging Industry: Regional Analysis
North America Market Forecast
North America dominate the Beverage Packaging Market with the highest revenue generating market with share of more than 46%. North America, recognised for its high consumption of bottled beverages, has a strong demand for PET (plastic) and aluminium cans. There is also an increasing need for environmentally friendly packaging options.
Europe Market Statistics
Europe is the
second largest region in Beverage Packaging market. Europe has a strong
emphasis on sustainability, which fuels demand for recyclable materials like
PET and glass. Packaging choices are influenced by regulations that support
recycling and reduce waste from plastic.
Asia Pacific Market Forecasts
Asia Pacific is
expected to be the fastest-growing regional segment of the Beverage Packaging
market during the forecast period. In the Asia Pacific region, Rapid
urbanization and a rising middle class drive growth in the beverage market.
This region sees high demand for PET bottles and flexible packaging due to convenience
and cost-effectiveness.
The Beverage Packaging Market is dominated by a few
large companies, such as
·
Amcor plc
·
Glassworks International
·
Crown Holdings
·
Mondi Group
·
Graham Packaging Company
·
Sonoco Products Company
·
Refresco Group
·
Ball Corporation
·
Berry Global Inc.
· Tetra Pak Group
· Others
1.
Global
Beverage Packaging Market Introduction and Market Overview
1.1. Objectives of the Study
1.2. Global Beverage Packaging Market
Scope and Market Estimation
1.2.1. Global Beverage Packaging Overall
Market Size, Revenue (US$ Mn), Market CAGR (%), Market forecast (2023 - 2034)
1.2.2. Global Beverage Packaging Market
Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2034
1.3. Market Segmentation
1.3.1. Packaging Material of Global Beverage
Packaging Market
1.3.2. Beverage Type of Global Beverage
Packaging Market
1.3.3. Packaging Type of Global Beverage
Packaging Market
1.3.4. Region of Global Beverage
Packaging Market
2.
Executive Summary
2.1. Market Dynamics
2.1.1. Drivers
2.1.2. Limitations
2.1.3. Opportunities
2.1.4. Impact Analysis of Drivers and
Restraints
2.2. Pricing Trends Analysis &
Average Selling Prices (ASPs)
2.3. Key Mergers & Acquisitions,
Expansions, JVs, Funding / VCs, etc.
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitutes
2.4.4. Threat of New Entrants
2.4.5. Competitive Rivalry
2.5. Market Investment Opportunity
Analysis (Top Investment Pockets), By Segments & By Region
3.
Global Beverage Packaging Market Estimates & Historical Trend Analysis (2019 -
2023)
4.
Global Beverage Packaging Market Estimates & Forecast Trend Analysis, by
Packaging Material
4.1. Global Beverage Packaging Market
Revenue (US$ Mn) Estimates and Forecasts, by Packaging Material, 2019 to 2034
4.1.1. Glass
4.1.2. Metal
4.1.3. Plastic
4.1.4. Paperboard
5.
Global Beverage Packaging Market Estimates & Forecast Trend Analysis, by
Beverage Type
5.1. Global Beverage Packaging Market
Revenue (US$ Mn) Estimates and Forecasts, by Beverage Type, 2019 to 2034
5.1.1. Alcoholic beverage
5.1.2. Non-alcoholic beverage
6.
Global Beverage Packaging Market Estimates & Forecast Trend Analysis, by
Packaging Type
6.1. Global Beverage Packaging Market
Revenue (US$ Mn) Estimates and Forecasts, by Packaging Type,
2019 to 2034
6.1.1. Bottles
6.1.2. Cans
6.1.3. Carton
7.
Global Beverage Packaging Market Estimates & Forecast Trend Analysis,
by Region
7.1. Global Beverage Packaging Market
Revenue (US$ Mn) Estimates and Forecasts, by Region, 2019 to 2034
7.1.1. North America
7.1.2. Europe
7.1.3. Asia Pacific
7.1.4. Middle East & Africa
7.1.5. South America
8.
North
America Beverage Packaging Market: Estimates & Forecast Trend Analysis
8.1.
North
America Beverage Packaging Market Assessments & Key Findings
8.1.1. North America Beverage Packaging
Market Introduction
8.1.2. North America Beverage Packaging
Market Size Estimates and Forecast (US$ Million) (2019 – 2034)
8.1.2.1. By Packaging
Material
8.1.2.2. By Beverage Type
8.1.2.3. By Packaging Type
8.1.2.4. By Country
8.1.2.4.1. The U.S.
8.1.2.4.2. Canada
8.1.2.4.3. Mexico
9.
Europe
Beverage Packaging Market: Estimates & Forecast Trend Analysis
9.1. Europe Beverage Packaging Market
Assessments & Key Findings
9.1.1. Europe Beverage Packaging Market
Introduction
9.1.2. Europe Beverage Packaging Market
Size Estimates and Forecast (US$ Million) (2019 – 2034)
9.1.2.1. By Packaging
Material
9.1.2.2. By Beverage Type
9.1.2.3. By Packaging Type
9.1.2.4.
By
Country
9.1.2.4.1. Germany
9.1.2.4.2. U.K.
9.1.2.4.3. France
9.1.2.4.4. Italy
9.1.2.4.5. Spain
9.1.2.4.6. Russia
9.1.2.4.7. Rest of Europe
10. Asia Pacific Beverage
Packaging Market: Estimates &
Forecast Trend Analysis
10.1. Asia Pacific Market Assessments
& Key Findings
10.1.1. Asia Pacific Beverage Packaging
Market Introduction
10.1.2. Asia Pacific Beverage Packaging
Market Size Estimates and Forecast (US$ Million) (2019 – 2034)
10.1.2.1. By Packaging
Material
10.1.2.2. By Beverage Type
10.1.2.3. By Packaging Type
10.1.2.4. By Country
10.1.2.4.1. China
10.1.2.4.2. Japan
10.1.2.4.3. India
10.1.2.4.4. Australia
10.1.2.4.5. South Korea
10.1.2.4.6. ASEAN
10.1.2.4.7. Rest of Asia Pacific
11. Middle East & Africa Beverage
Packaging Market: Estimates &
Forecast Trend Analysis
11.1. Middle East & Africa Market
Assessments & Key Findings
11.1.1. Middle
East & Africa Beverage
Packaging Market Introduction
11.1.2. Middle
East & Africa Beverage
Packaging Market Size Estimates and Forecast (US$ Million) (2019 – 2034)
11.1.2.1. By Packaging
Material
11.1.2.2. By Beverage Type
11.1.2.3. By Packaging Type
11.1.2.4. By Country
11.1.2.4.1. U.A.E.
11.1.2.4.2. Saudi Arabia
11.1.2.4.3. Egypt
11.1.2.4.4. South Africa
11.1.2.4.5. Rest of Middle East & Africa
12. South America
Beverage Packaging Market: Estimates
& Forecast Trend Analysis
12.1. South America Market Assessments
& Key Findings
12.1.1. South America Beverage Packaging
Market Introduction
12.1.2. South America Beverage Packaging
Market Size Estimates and Forecast (US$ Million) (2019 – 2034)
12.1.2.1. By Packaging
Material
12.1.2.2. By Beverage Type
12.1.2.3. By Packaging Type
12.1.2.4. By Country
12.1.2.4.1. Brazil
12.1.2.4.2. Argentina
12.1.2.4.3. Colombia
12.1.2.4.4. Rest of South America
13. Competition Landscape
13.1. Global Beverage Packaging Market
Competition Matrix & Benchmarking, by Leading Players / Innovators /
Emerging Players / New Entrants
13.2. Global Beverage Packaging Market
Competition White Space Analysis, By Packaging Type
13.3. Global Beverage Packaging Market
Competition Heat Map Analysis, By Packaging Type
13.4. Global Beverage Packaging Market
Concentration & Company Market Shares (%) Analysis, 2022
14. Company Profiles
14.1.
Amcor plc
14.1.1. Company Overview & Key Stats
14.1.2. Financial Performance & KPIs
14.1.3. Product Portfolio
14.1.4. Business Strategy & Recent
Developments
* Similar details would be provided
for all the players mentioned below
14.2. Glassworks
International
14.3. Crown Holdings
14.4. Mondi Group
14.5. Graham
Packaging Company
14.6. Sonoco
Products Company
14.7. Refresco Group
14.8. Ball
Corporation
14.9. Berry Global
Inc.
14.10. Tetra Pak
Group
14.11. Others
15. Research
Methodology
15.1. External Transportations /
Databases
15.2. Internal Proprietary Database
15.3. Primary Research
15.4. Secondary Research
15.5. Assumptions
15.6. Limitations
15.7. Report FAQs
16. Research Findings & Conclusion
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Frequently Asked Questions
What is the market size of Beverage Packaging Market in 2024?
Beverage Packaging Market was valued at USD 151.08 Billion in 2024.
What is the growth rate for the Beverage Packaging Market?
Beverage Packaging Market size will increase at approximate CAGR of 4.7% during the forecasted period.
Which are the top companies operating within the market?
Major companies operating within the Beverage Packaging Market Are Amcor plc, Glassworks International, Crown Holdings, Mondi Group, Graham Packaging Company, Sonoco Products Company, Refresco Group, Ball Corporation, Berry Global Inc., Tetra Pak Group and Others.
Which region dominates the Beverage Packaging Market?
North America dominates the market with an active share of 46%.
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