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By 2031, the worldwide market for beverage packaging is projected to reach a value of $165 billion, growing at a CAGR of 6.2%. Consistent attempts to include environmentally friendly packaging solutions and capitalize on technology improvements are expected to drive the market value to US$ 108.37 billion in 2024.
The primary goals of product packaging are product protection from harm and consumer attraction through the use of visually appealing and aesthetically pleasing packaging techniques that make the product stand out from the competition. Because of their susceptibility to contamination and leaking, liquids rely heavily on beverage packaging to keep them safe. Cans, bottles, jars, pouches, and cartons are just a few of the many goods offered by packaging firms, which aim to extend the life of beverages and boost their sales. Beverage packaging solutions may hasten market expansion due to their exceptional strength-to-weight ratio and ability to shield contents from environmental hazards.
A 30–40% drop in company growth was one of the many negative outcomes of the COVID pandemic. Production was hindered by strict government rules, a lack of available labor, and high raw material prices, which led to a decrease in demand for beverage packaging products. During the pandemic, people's drinking habits shifted drastically, shifting from harmful beverages to non-alcoholic soft drinks. Restaurants, motels, and bars all saw a decline in their profit margins. On the flip side, demand surged at online enterprises, leading to more beverage sales and better market progress overall. In addition, the beverage packaging market share is expected to climb in the post-pandemic era due to the increase in the number of online food and beverage shops in the ever-growing e-commerce business.
Carbonated soft drinks, milk, water, functional drinks, alcoholic beverages, and other liquids are the intended contents of drink packaging. A wide variety of materials, including plastic, glass, paperboard, metals, and more, find use in packaging. They prolong the product's freshness and make it last longer on store shelves. A few examples of typical packaging materials are cans, jars, pouches, bottles, and so on. Depending on the drinks, you can choose from a variety of sizes and shapes.
The beverage packaging market is being propelled by various factors, one of which is the ever-evolving tastes of consumers. These preferences are making packaging materials that improve strength, scent retention, heat insulation, sealing, and moisture barrier even more useful. Increases in the use of active and intelligent technologies in beverage packaging, as well as the rising need for smaller packs and flexible bags and pouches, are driving the beverage packaging market forward. The beverage packaging market is impacted by the need to prolong the shelf life of beverages, the wide variety of materials used for packaging (including glass, polymers, metals, and paperboards), and the combinations of these materials based on the chemical composition and value of the beverage. The beverage packaging industry is also positively impacted by factors such as an increasing disposable income, an aging population, improved packaging technologies, a preference for higher-quality products, and changes in consumer lifestyles. From 2021–2028, the beverage packaging market is expected to witness growth due to factors such as the increasing use of pets as packaging raw materials, the trend toward packaging products that were previously unpackaged, and the emergence of new economically powerful nations.
On the flip side, many governments are implementing plain packaging initiatives in response to growing worries about obesity and excessive sugar consumption. The plain packaging strategy involves using unappealing colors and pictures to discourage the consumption of sugary, alcoholic, and soda-based beverages. The market is anticipated to be hindered by the plain packaging, which would limit its expansion throughout the forecast period. Nevertheless, there are promising prospects for the beverage packaging market to expand due to the advent of bio-plastics and the innovation of plastic alternatives. An alternative to traditional plastics made from petroleum, bio-PET refers to polymers made from plant-based resources. The bio-PET containers can break down and contribute to less plastic waste because of this.
Also, during the forecast period, the beverage packaging market will be boosted by companies that are actively researching ways to use recycled plastic instead of virgin plastic containers. This will help with environmental sustainability and saving money on the procurement of new polymer materials. The non-alcoholic beverage sector captured more than half of the world's market in 2018, driven by increased demand in industrialized nations including the United States, France, Ireland, and Australia, among others. As the need for non-plastic packaging continues to rise, the paperboard and cartons market is projected to expand rapidly by 2026.
Report Coverage
Global Beverage Packaging research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Beverage Packaging report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Beverage Packaging competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Beverage Packaging market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Beverage Packaging market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Beverage Packaging market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Graham Packaging Company., O-I, BALL CORPORATION, Tetra Pak International S.A., Bemis Company, Inc., CAN-PACK S.A., CKS Packaging, Inc., Amcor plc, Crown, AptarGroup, Inc., Ardagh Group S.A., Mondi, Refresco Group, Pacific Can China Holdings Limited, Toko Seikan Group Holding, Stora Enso, Reynolds, Alcoa Corporation, Saint-Gobain Performance Plastics, Sonoco Products Company among other domestic and global players.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Beverage Packaging market based on the below-mentioned segments:
Global Beverage Packaging Market, By Product Type
Non-alcoholic Beverages
Alcoholic Beverages
Dairy Beverages
Global Beverage Packaging market, By Material type
Glass
Plastic
Metal
Paperboard
Other Materials
Global Beverage Packaging Market, By Packaging Type
Bottles
Cans
Cartons
Pouches
Kegs
Global Beverage Packaging market, Regional Analysis
The primary goals of product packaging are product protection from harm and consumer attraction through the use of visually appealing and aesthetically pleasing packaging techniques that make the product stand out from the competition. Because of their susceptibility to contamination and leaking, liquids rely heavily on beverage packaging to keep them safe. Cans, bottles, jars, pouches, and cartons are just a few of the many goods offered by packaging firms, which aim to extend the life of beverages and boost their sales. Beverage packaging solutions may hasten market expansion due to their exceptional strength-to-weight ratio and ability to shield contents from environmental hazards.
A 30–40% drop in company growth was one of the many negative outcomes of the COVID pandemic. Production was hindered by strict government rules, a lack of available labor, and high raw material prices, which led to a decrease in demand for beverage packaging products. During the pandemic, people's drinking habits shifted drastically, shifting from harmful beverages to non-alcoholic soft drinks. Restaurants, motels, and bars all saw a decline in their profit margins. On the flip side, demand surged at online enterprises, leading to more beverage sales and better market progress overall. In addition, the beverage packaging market share is expected to climb in the post-pandemic era due to the increase in the number of online food and beverage shops in the ever-growing e-commerce business.
Carbonated soft drinks, milk, water, functional drinks, alcoholic beverages, and other liquids are the intended contents of drink packaging. A wide variety of materials, including plastic, glass, paperboard, metals, and more, find use in packaging. They prolong the product's freshness and make it last longer on store shelves. A few examples of typical packaging materials are cans, jars, pouches, bottles, and so on. Depending on the drinks, you can choose from a variety of sizes and shapes.
The beverage packaging market is being propelled by various factors, one of which is the ever-evolving tastes of consumers. These preferences are making packaging materials that improve strength, scent retention, heat insulation, sealing, and moisture barrier even more useful. Increases in the use of active and intelligent technologies in beverage packaging, as well as the rising need for smaller packs and flexible bags and pouches, are driving the beverage packaging market forward. The beverage packaging market is impacted by the need to prolong the shelf life of beverages, the wide variety of materials used for packaging (including glass, polymers, metals, and paperboards), and the combinations of these materials based on the chemical composition and value of the beverage. The beverage packaging industry is also positively impacted by factors such as an increasing disposable income, an aging population, improved packaging technologies, a preference for higher-quality products, and changes in consumer lifestyles. From 2021–2028, the beverage packaging market is expected to witness growth due to factors such as the increasing use of pets as packaging raw materials, the trend toward packaging products that were previously unpackaged, and the emergence of new economically powerful nations.
On the flip side, many governments are implementing plain packaging initiatives in response to growing worries about obesity and excessive sugar consumption. The plain packaging strategy involves using unappealing colors and pictures to discourage the consumption of sugary, alcoholic, and soda-based beverages. The market is anticipated to be hindered by the plain packaging, which would limit its expansion throughout the forecast period. Nevertheless, there are promising prospects for the beverage packaging market to expand due to the advent of bio-plastics and the innovation of plastic alternatives. An alternative to traditional plastics made from petroleum, bio-PET refers to polymers made from plant-based resources. The bio-PET containers can break down and contribute to less plastic waste because of this.
Also, during the forecast period, the beverage packaging market will be boosted by companies that are actively researching ways to use recycled plastic instead of virgin plastic containers. This will help with environmental sustainability and saving money on the procurement of new polymer materials. The non-alcoholic beverage sector captured more than half of the world's market in 2018, driven by increased demand in industrialized nations including the United States, France, Ireland, and Australia, among others. As the need for non-plastic packaging continues to rise, the paperboard and cartons market is projected to expand rapidly by 2026.
Report Coverage
Global Beverage Packaging research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Beverage Packaging report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Beverage Packaging competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Beverage Packaging market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2031 |
| Base Year | 2023 |
| Forecast Period | 2023-2031 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Graham Packaging Company., O-I, BALL CORPORATION, Tetra Pak International S.A., Bemis Company, Inc., CAN-PACK S.A., CKS Packaging, Inc., Amcor plc, Crown, AptarGroup, Inc., Ardagh Group S.A., Mondi, Refresco Group, Pacific Can China Holdings Limited, Toko Seikan Group Holding, Stora Enso, Reynolds, Alcoa Corporation, Saint-Gobain Performance Plastics, Sonoco Products Company among other domestic and global players. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Beverage Packaging Market from 2021 to 2031.
- Market Forecast for Beverage Packaging Market from 2021 to 2031.
- Regional Market Share and Revenue from 2021 to 2031.
- Country Market share within region from 2021 to 2031.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Beverage Packaging competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Beverage Packaging
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Beverage Packaging market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Beverage Packaging market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Graham Packaging Company., O-I, BALL CORPORATION, Tetra Pak International S.A., Bemis Company, Inc., CAN-PACK S.A., CKS Packaging, Inc., Amcor plc, Crown, AptarGroup, Inc., Ardagh Group S.A., Mondi, Refresco Group, Pacific Can China Holdings Limited, Toko Seikan Group Holding, Stora Enso, Reynolds, Alcoa Corporation, Saint-Gobain Performance Plastics, Sonoco Products Company among other domestic and global players.
Primary Target Market
- Market Players of Beverage Packaging
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Beverage Packaging market based on the below-mentioned segments:
Global Beverage Packaging Market, By Product Type
Non-alcoholic Beverages
Alcoholic Beverages
Dairy Beverages
Global Beverage Packaging market, By Material type
Glass
Plastic
Metal
Paperboard
Other Materials
Global Beverage Packaging Market, By Packaging Type
Bottles
Cans
Cartons
Pouches
Kegs
Global Beverage Packaging market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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