Beverage Packaging Market Research Report Information By Packaging Type (Flexible, Rigid & Semi-Rigid), By Materials (Metal, Plastic, Paper, Glass), By Products (Bottles, Cans, Pouch, Others), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032

Global Beverage Packaging Market Overview

Beverage Packaging Market Size was valued at USD 145.1 billion in 2022. The Beverage Packaging industry is projected to grow from USD154.31385 Billion in 2023 to USD 252.5252796 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.35% during the forecast period (2023 - 2032). The increase in beverage packaging investment in the development of full market exploitation capacity is a key factor in market growth.


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Beverage Packaging Market Trends

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  Rising beverage consumption in emerging economies is driving market growth.

  
  

 population growth and rising disposable income in the construction industry are creating new opportunities for beverage packaging. According to the Brewers Association, the total beer market was worth $94.1 billion in 2020, while the total craft beer market is estimated at $22.2 billion. The amount of alcohol  (in liters) a person (over 15 years old) drinks is 8. According to the World Health Organization, 6 liters of water in 2010 increased to 8.8 liters in 2016. The increase in urban population combined with changing lifestyles has increased the total volume of beverages in emerging markets such as India. Large populations in emerging markets such as India and China are expected to drive the bottled water market.

The growing health awareness among young people and the increasing demand for juices, soft drinks, and healthy drinks offer many opportunities for manufacturing companies to increase their sales. In addition, economic growth, easy access to bottled water, and a healthy lifestyle increase the demand for bottled water and flavored waters containing vitamins, natural flavors, or nature-like aroma chemicals such as basil and basil. Lemon, mint, orange, hibiscus, and fruit. This factor drives the Market CAGR.

Additionally, The increasing demand for energy drinks should support the demand of the packaging industry. Carbonated and still water bottles comprise much of the bottled water market. Beverage packaging suppliers have invested in developing production capacity to fully exploit the market. The advanced technology of packaging machinery and equipment has also increased the demand in the beverage packaging industry. Increasing demand for sustainable products and awareness of environmentally friendly Packaging has increased the market demand.

In addition, increasing health awareness among young people has raised the demand for packaged juices, energy drinks, and health drinks, increasing the volume of drinking water. Raising consumers' awareness of using environmentally friendly products is the best opportunity to support the growth of the packaged water industry. This eco-friendly product is made from biodegradable and renewable materials. Thus, driving the Beverage Packaging market revenue.

Beverage Packaging Market Segment Insights

Beverage Packaging Type Insights

The  Beverage Packaging market segmentation, based on type, includes type flexible, rigid & semi-rigid. The rigid segment dominated the market; rigid packaging is widely used because of its high resistance to light, moisture, and oxygen, which helps protect food from contamination. Flexible packaging is the fastest growing packaging due to its ability to create thinner, lighter, lighter Packaging.

Figure1: Beverage Packaging Market, by Packaging, 2022&2032 (USD Billion)

                   

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Beverage Materials Insights

The  Beverage Packaging market segmentation, based on materials, includes metal, plastic, paper, and glass. The metal segment dominated the market; metal packaging provides a simple and convenient packaging method. The metal used for drinking water can be aluminum or steel. Iron can keep food fresh for a long time by eliminating light and oxidation damage.

Beverage Products Insights

The  Beverage Packaging market segmentation, based on products, includes bottles, cans, pouches, and others. The bottles segment dominated the market; Packaging is made according to drinking water. Usually, soft drinks are bottled. The bottle is convenient for customers to store and carry.

Beverage Packaging Regional Insights

Segmented by region, the study provides market insights for North America, Europe, Asia Pacific, and the rest of the world. The North American Beverage Packaging market will dominate the increasing demand for sodas, soft drinks, and soft drinks among young people will drive the growth of the market in this region.

In addition, major countries examined in the report market include the United States, Canada, Germany, France, United Kingdom, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure2: BEVERAGE PACKAGING MARKET SHARE BY REGION 2022 (USD Billion)

                     

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Europe Beverage Packaging market accounts for the second-largest market share due to the low cost of bariatric surgery and the rise in the number of diabetes people. Further, the German Beverage Packaging market held the largest market share, and the U.K. Beverage Packaging market was the highest-growing market in the European region.

The Asia-Pacific Beverage Packaging Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to expanding awareness of a healthy lifestyle and nutrition and rising per capita disposable income. Moreover, China’s Beverage Packaging market held the largest market share, and the Indian Beverage Packaging market was the highest-growing market in the Asia-Pacific region.

Beverage Packaging Key Market Players& Competitive Insights

Leading market players are investing heavily in research and development to expand their product lines, which will help the Beverage Packaging market grow even more. Entrepreneurs are also undertaking various activities to expand their footprint. Key business development activities include new product development, contract deals, joint venture mergers and acquisitions, increased investment, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Beverage Packaging industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the  Beverage Packaging industry to benefit clients and increase the market sector. The Beverage Packaging industry has offered some of the most significant advantages. Major players in the Beverage Packaging market, includingBall Corporation, Saint-Gobain S.A., Mondi PLC, Owens-Illinois Inc., Reynolds Group Holdings Limited, Tetra Laval International S.A., Crown Holdings Inc., Rexam PLC, Amcor Limited, and Alcoa Inc., and others are attempting to increase market demand by investing in research and development operations.

Ardagh Group, a Luxembourg-based manufacturer of glass and metals, "has grown over the past two decades to become one of the largest packaging companies in the world. Ardagh Group S.A. and Bragg Live Food Products have teamed up to produce a new 16 oz glass bottle for apple cider vinegar drinks.

Amcor plc is a  packaging company. The company designs and manufactures flexible Packaging, custom packaging, closures, and services for food, beverage, pharmaceuticals, medical devices, home and personal care, and other products. The company started with a paper business established in and around Melbourne, Australia. Amcor Group GmbH offers repro water in newly developed hot-sealed polyethylene terephthalate (PET) bottles in collaboration with Nutrea.

Key CompaniesIn TheBeverage Packaging market Includes

• Ball Corporation


• Saint-Gobain S.A


• Mondi PLC


• Owens-Illinois Inc.,


• Reynolds Group Holdings Limited


• Tetra Laval International S.A


• Crown Holdings Inc.,


• Rexam PLC


• Amcor Limited and


• Alcoa Inc.


• Brunswick Corporation

Beverage Packaging Industry Developments

June 2023: Tetra Pak, a leading food packaging company, announced that it has signed a long-term agreement with PepsiCo to supply sustainable beverage cartons for its products in Europe. The agreement is part of PepsiCo's commitment to using 100% recyclable packaging by 2025.

July 2023: Coca-Cola announced that it is investing $100 million in a new beverage packaging plant in the United States. The plant will use sustainable packaging materials, such as recycled plastic and paperboard.

August 2023: Ball Corporation, a leading beverage packaging company, announced that it has developed a new recyclable aluminum can that is lighter and more durable than traditional cans. The new can is expected to reduce the company's carbon emissions by 10%.

Beverage Packaging Market Segmentation

Beverage Packaging Outlook

• Flexible


• Rigid


• Semi-Rigid

Beverage Packaging Materials Outlook

• Metal


• Plastic


• Paper


• Glass

Beverage Packaging Products Outlook

• Bottles


• Cans


• Pouch


• Others

Weight Loss Products Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America
  
  
  
  

Report Scope:

Report Attribute/Metric	Details
Market Size 2022	USD 145.1 Billion
Market Size 2023	USD 154.31385 Billion
Market Size 2032	USD 252.5252796Billion
Compound Annual Growth Rate (CAGR)	6.35%(2023-2032)
Base Year	2022
Market Forecast Period	2023-2032
Historical Data	2018- 2022
Market Forecast Units	Value (USD Billion)
Report Coverage	Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered	Packaging, Materials, Products, and Region
Geographies Covered	North America, Europe, AsiaPacific, and the Rest of the World
Countries Covered	The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled	Ball Corporation, Saint-Gobain S.A., Mondi PLC, Owens-Illinois Inc., Reynolds Group Holdings Limited, Tetra Laval International S.A., Crown Holdings Inc., Rexam PLC, Amcor Limited, Alcoa Inc., and others
Key Market Opportunities	New product launches and R&D amongst major key players
Key Market Dynamics	Surging demand for energy drinks

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