The global beverage packaging market is driven by the increasing demand for ready-to-drink beverages and the growing trend of on-the-go consumption. Additionally, the rise in disposable income and changing lifestyles, the increasing focus on sustainability and recyclability, and the development of innovative packaging solutions are also contributing to market growth. Furthermore, the growing demand for premium and functional packaging and the increasing use of smart packaging technologies are expected to create new opportunities in the market. However, factors such as stringent regulations related to packaging and the rising concerns about plastic waste and environmental impact may hinder market growth. Nonetheless, the market is expected to witness significant growth in the coming years due to the increasing demand for convenient and eco-friendly packaging solutions.
Global Beverage Packaging Market was valued at US$ 233.21 Billion in 2021, in terms of revenue, exhibiting a CAGR of 5.84% during the forecast period (2022 to 2030).
Market Players in the Beverage Packaging Industry:
1. Amcor Limited
Amcor Limited is an Australian-based multinational packaging company founded in 1860. It operates in over 40 countries and has its headquarters in Melbourne, Australia. Amcor specializes in flexible and rigid packaging solutions and serves a variety of industries, including food, beverage, healthcare, and personal care. In Jan, 2023 Amcor a global leader in developing and producing responsible packaging solutions, announced it has entered into an agreement to acquire Shanghai-based MDK.
2. Alcoa Inc.
Alcoa Inc. is an American-based aluminum company founded in 1888. It operates in over 10 countries and has its headquarters in Pittsburgh, Pennsylvania. Alcoa produces aluminum cans and bottles for the beverage industry, among other products. In October, 2022 Alcoa Corporation announced an additional power purchase agreement to support the future restart of the San Ciprián aluminum smelter in Spain.
3. Ball Corporation
Ball Corporation is an American-based metal packaging company founded in 1880. It operates in over 40 countries and has its headquarters in Broomfield, Colorado. Ball produces metal packaging for the beverage, food, and household industries.
4. Crown Holdings, Inc.
Crown Holdings, Inc. is an American-based packaging company founded in 1892. It operates in over 40 countries and has its headquarters in Yardley, Pennsylvania. Crown produces metal packaging for the beverage, food, and household industries, among others.
5. Owens-Illinois, Inc.
Owens-Illinois, Inc. is an American-based glass packaging company founded in 1903. It operates in over 20 countries and has its headquarters in Perrysburg, Ohio. Owens-Illinois produces glass packaging for the beverage, food, and pharmaceutical industries.
6. Rexam PLC
Rexam PLC was a British-based packaging company founded in 1923. It operated in over 20 countries before being acquired by Ball Corporation in 2016. Rexam produced metal packaging for the beverage and food industries, among others.
7. Reynolds Group Holdings Limited
Reynolds Group Holdings Limited is a New Zealand-based packaging company founded in 2008. It operates in over 30 countries and has its headquarters in Auckland, New Zealand. Reynolds produces metal and plastic packaging for the beverage, food, and household industries. In August, 2022 Reynolds Group announced partnered with Apex Labelling & Packaging from August 2020.
8. Ardagh Group S.A.
Ardagh Group S.A. is a Luxembourg-based packaging company founded in 1932. It operates in over 20 countries and has its headquarters in Luxembourg City, Luxembourg. Ardagh produces metal and glass packaging for the beverage, food, and pharmaceutical industries, among others.
9. Tetra Laval International S.A.
Tetra Laval International S.A. is a Swiss-based packaging company founded in 1944. It operates in over 160 countries and has its headquarters in Pully, Switzerland. Tetra Laval produces carton packaging for the beverage and food industries.
10. Compagnie de Saint-Gobain
Compagnie de Saint-Gobain is a French-based packaging company founded in 1665. It operates in over 70 countries and has its headquarters in Courbevoie, France. Saint-Gobain produces glass packaging for the beverage, food, and pharmaceutical industries, among others.
*Deinition- Beverage packaging refers to the process of enclosing and protecting beverages for distribution, storage, and sale. This includes various types of containers such as bottles, cans, cartons, and pouches, as well as labeling, caps, and other components. The primary goal of beverage packaging is to ensure the quality, safety, and freshness of the product while providing convenience and appealing to consumers.
