Beverage packaging is a growing industry worldwide. With rising health consciousness and changing lifestyles, the beverage packaging market is evolving rapidly. Beverages like bottled water, carbonated soft drinks, juices, dairy drinks, alcoholic beverages, and others require effective packaging for storage, distribution, and sale. Packaging plays a crucial role in product branding, safety, shelf life, and overall customer experience. The global beverage packaging market is diversifying with new materials, formats, and technologies catering to dynamic consumer demands and trends. Sustainable and eco-friendly packaging solutions are gaining popularity as environmental regulations get more stringent. The market is driven by rising beverage consumption, urbanization, and growth in the foodservice industry.
Market Dynamics:
Growth in the global beverage industry is a key driver for the beverage packaging market. As urban populations expand rapidly and disposable incomes rise across developing regions, the demand for packaged beverages is surging. Beverages are increasingly being consumed on-the-go, necessitating portable and resealable packaging formats. Rising health awareness is boosting low/no-calorie beverage sales and driving the demand for lighter weight packaging materials to reduce transportation costs and carbon footprint. However, stringent regulations around plastics usage and volatility in raw material prices pose challenges to market players. Opportunity lies in expanding product portfolio to cater to premium and craft beverages gaining popularity. Innovation in recycling and reuse technologies can help overcome restraints to market growth.
Key Features of the Study:
- This report provides in-depth analysis of the global beverage packaging market and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global beverage packaging market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Amcor Limited, Alcoa Inc., Crown Holdings Inc., Owens-Illinois Inc., Rexam PLC, Ardagh Group S.A., Compagnie de Saint-Gobain, Bemis Company, Inc., Sonoco Products Company, Scholle IPN, Mondi, Reynolds Group Ltd., Stora Enso, Tetra Laval International S.A., Ball Corporation, WestRock Company, Graham Packaging, SIG, Berry Global Inc., and Amber Packaging
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global beverage packaging market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Detailed Segmentation-
- By Product Type:
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- Bottles
- Cans
- Liquid Cartons
- Pouch/Sachet
- Others
- By Application:
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- Alcoholic Drinks
- Beer
- Other Alcoholic Drinks
- Non-alcoholic Drinks
- Dairy
- Carbonated Drinks/Soda
- Juices/Soft Drinks
- Bottled Water
- Energy Drinks/RTD Beverages
- By Region:
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- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Company Profiles:
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- Amcor Limited
- Alcoa Inc.
- Crown Holdings Inc.
- Owens-Illinois Inc.
- Rexam PLC
- Ardagh Group S.A.
- Compagnie de Saint-Gobain
- Bemis Company, Inc.
- Sonoco Products Company
- Scholle IPN
- Mondi
- Reynolds Group Ltd.
- Stora Enso
- Tetra Laval International S.A.
- Ball Corporation
- WestRock Company
- Graham Packaging
- SIG
- Berry Global Inc.
- Amber Packaging