Increasing need for preserving the content quality, rising concerns regarding effective packaging in the beverage industry, emphasis on extending shelf life are factors compelling manufacturers to develop sustainable and durable packaging options, which are key factors driving market revenue growth.
Market Size - USD 133.93 Billion in 2020, Market Growth - CAGR of 6.3%, Market Trends - Rising demand for recyclable and bio-plastics such as PLA and PHA from various end use industries.
The global beverage packaging market size is expected to reach USD 220.10 Billion in 2028, and register a CAGR of 6.3% during the forecast period. Increasing consumption of alcoholic and non-alcoholic beverages globally, and need for sustainable and food grade beverage packaging that are eco-friendly and easy to dispose are some of the major factors expected to drive revenue growth of the global beverage packaging market.
Market Size - USD 133.93 Billion in 2020, Market Growth - CAGR of 6.3%, Market Trends - Rising demand for recyclable and bio-plastics such as PLA and PHA from various end use industries.
The global beverage packaging market size is expected to reach USD 220.10 Billion in 2028, and register a CAGR of 6.3% during the forecast period. Increasing consumption of alcoholic and non-alcoholic beverages globally, and need for sustainable and food grade beverage packaging that are eco-friendly and easy to dispose are some of the major factors expected to drive revenue growth of the global beverage packaging market.
Some Key Findings From the Report:
- Among the material segments, the plastic segment accounted for the largest revenue share of 43.9% in 2020. Increasing consumption of plastic material to produce plastic packaging, and rising demand for these products as these offer benefits such as container variety, less raw material requirement, easy disposal, and light in weight.
- North America market accounted for the largest revenue share in 2020, and is expected to continue with its dominance over the forecast period, due to increasing production and sales of alcoholic and non-alcoholic beverages among consumer in countries such as the US and Canada.
- The Asia Pacific market size was USD 30.80 Billion in 2020, due to presence of major manufacturers in countries in the region.
- Key players profiled in the report include Crown Holdings, Inc., Ball Corporation, Tetra Laval International S.A., Bemis Company, Inc., Sonoco Products Company, Saint-Gobain S.A., Mondi PLC., Amcor Ltd., Reynolds Group Holdings Limited, and Stora Enso. The market players have adopted various strategies including mergers, acquisitions, partnerships, and new product developments, among other strategies, to stay ahead of the competition and expand market footprint.
- In 2019, Amcor Ltd. launched its new product - Amite Ultra Recyclable, which is the company’s first packaging product made from revolutionary and more sustainable high-barrier polyolefin film. This product can help reduce an average pack’s carbon footprint by around 64%.
For the purpose of this report, the global beverage packaging market is segmented on the basis of material, product type, application, and region:
Material Outlook (Revenue, USD Billion; 2018 - 2028)
- Glass
- Plastic
- Metal
- Paper
- Others
Product Type Outlook (Revenue, USD Billion; 2018 - 2028)
- Cans
- Bottles
- Pouches
- Jars
- Cartons
- Others
Application Outlook (Revenue, USD Billion; 2018 - 2028)
- Alcoholic
- Non-Alcoholic
Region Outlook (Revenue, USD Billion; 2018 - 2028)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
Reasons to Buy the Report
- A robust analysis and estimation of the Beverage Packaging Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
- A holistic competitive landscape of the all the major players in the Beverage Packaging Market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
- Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
- Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
- Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization
Table of Contents
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 3. Indicative Metrics
Chapter 4. Beverage Packaging Segmentation & Impact Analysis
Chapter 5. Beverage Packaging Market By Material Insights & Trends
Chapter 6. Beverage Packaging Market By Product Type Insights & Trends
Chapter 7. Beverage Packaging Market By Product Type Insights & Trends
Chapter 8. Beverage Packaging Market Regional Outlook
Chapter 9. Competitive Landscape
Chapter 10. Company Profiles
Companies Mentioned
- Crown Holdings (U.S)
- Ball Corporation (U.S.)
- Tetra Laval International S.A (Switzerland)
- Bemis Company (U.S)
- Sonoco Products Company (U.S)
- Saint-Gobain S.A. (France)
- Mondi PLC. (Austria)
- Amcor Ltd. (Australia)
- Reynolds Group Holdings Limited (New Zealand)
- Stora Enso (Finland)