Beverage Packaging Market Trend, Share, Growth, Size Analysis, and Forecast 2032

Beverage Packaging Market Size

According to a report from Zion Market Research, the global Beverage Packaging Market was valued at USD 158.14 Billion in 2023 and is projected to hit USD 213.11 Billion by 2032, with a compound annual growth rate (CAGR) of 3.37% during the forecast period 2024-2032.

This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Beverage Packaging Market industry over the next decade.

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Beverage Packaging Market: Overview

Packaging is a process of covering, wrapping of goods into a package. Packaging involves designing and producing the covering for a product. Packaging is played the vital role for offering goods in a safe and secured position to consumers. With growing worldwide trend and economic support, beverage products are now finding new consumers and market. Materials that have conventionally been used in beverage packaging include metal, glass, paper, paperboard and plastic. The precise selection of the packaging material plays an important role in maintaining product freshness and quality during distribution and storage. Modernization in beverage packaging has contributed to increasing the shelf-life of products with the help of improved new packaging systems.

Beverages packaging are usually used for wide range of products such as beer, coffee, soft drinks, dairy products, juice, and wine & spirits. These packaging are of different types such as Bottle, Can, Pouch, and Carton. The materials used in the products are of plastic, glass, metal and paperboard. Beverage sector is one of the top grossing segments and a key contributor in FMCG market, which has loads of supplementary product-based requirement, and one of it is packaging. Beverage packaging is the most critical factor right from production to distribution.

COVID-19 Impact Analysis:

The global beverage packaging market has witnessed a decrease in the sales for beverages products due to the lockdown enforcement placed by governments in order to contain COVID spreading. People had no option but to remain indoor, so the consumption of beverages product’s had decrease drastically. The restrictions imposed by various nations to contain COVID had stopped the production resulting in a disruption across the whole supply chain. However, the world markets are slowly opening to their full potential and theirs a surge in demand of beverage packaging. The market would remain bullish in upcoming year.  

Beverage Packaging Market: Growth Factors

Beverage packaging market is mainly driven by increasing consumption of beverages in emerging countries coupled with growing disposable income of the middle-class population. Currently, market trends are witnessing an up flow in the demand for beverages; therefore market exhibits a bright opportunity for the beverage packaging industry. Furthermore, health awareness among consumers, development in new packaging material, recycling infrastructure of packaging material and increasing the requirement for convenience among consumers drives the market growth. Leading beverage packaging vendors are focusing on acquiring local players to expand their business worldwide. However, strict environmental rules related with usage of packaging materials may hamper the market growth. The demand for recyclable and eco-friendly packaging material is growing as a result of stringent environmental regulations.

Beverage packaging market is specifically relative to developing interest for different kinds of beverages. The factors which drives the market are increment in beverage utilization, and requirement for long shelf life of the item. Lightweight packaging material has turned into a basic factor in the beverage packaging market and has critical impact in beverage containers and jars section. Additionally, stringent government control for environment protection may influence the global beverage packaging market development.

Segment Analysis Preview

The beverage packaging market is segmented based on type, material, application, and geography.

On the basis of type beverage packaging market is classified into the bottle, can, pouch, and carton. Among all type segment, bottles and cans dominated the beverage packaging market in 2015. The majority of dairy drinks are sold in pouches but flavored and drinkable yogurt is driving demand for alternative packaging forms. The packaging material segment includes glass, plastic, metal, and paperboard. Glass emerged as largest packaging material supported by its superior attributes such as sterility, reusability, durability, and non permeability. Plastic continue to represent the fastest growing beverage packaging material due to rising consumer demand for single serve portion, enhanced visual appeal, and portability.

Alcoholic, non-alcoholic, and dairy are key application segment of beverage packaging market. The alcoholic beverage was the leading segment in 2015. Dairy beverage packaging is expected to be the fastest growing segment in years to come owing to awareness about nutrition value and rising health concerns.

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Beverage Packaging Market: Report Scope

Beverage Packaging Market: Regional Analysis

Geographically, beverage packaging market was dominated by North America followed by Europe. Asia-Pacific is expected to grow at highest growth rate among all regions due to increasing beverage consumption. North American market is thought to be a matured business sector with the presence of a large number of beverage packaging vendors.

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Beverage Packaging Market: Competitive Players

Some of key players in Beverage Packaging market are:

• Reynolds Group Holdings Limited
• Ball Corporation
• Rexam PLC
• Tetra Laval International S.A
• Amcor Limited
• Saint-Gobain S.A.

The global Beverage Packaging market is segmented as follows:   

By Type

• Bottle
• Can
• Pouch
• Carton

By Material

• Glass
• Plastic
•  Metal
• Paperboard

By Application

• Alcoholic
• Non-Alcoholic
•  Dairy

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa