Beverage Packaging Market by Packaging Type (Bottles & Jars, Cans, Cartons, and Others), Material Type (Metal, Plastic, Glass, Paper & Paperboard, and Others), Beverage Type (Alcoholic and Non-Alcoholic): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026354 | Pages: 100 | Industry: Chemicals and Materials | Date: Sep 2022 | Type: Global

The market crossed US$ 155.0 billion mark in 2022 and is expected to hit US$ 227.0 billion by 2030, recording a CAGR of approximately 5.0% during the forecast period.

 

The rising consumption of beverages across the globe is propelling the growth of the beverage packaging market

During the recent years, the popularity of beverages has significantly increased, which led to the increased consumption of beverages across the globe, boosting the growth of the beverage packaging market. The beverage industry is adopting appropriate packaging, which helps extend a beverage's shelf life and is convenient to the user. Moreover, it allows for reduced wastage and saves material costs. Thus, it drives the growth of the beverage packaging market. Along with the growing population, the demand for beverages is also increasing significantly. These aforementioned factors led to the growth of the beverage packaging market.

Within the report, the market is segmented into packaging type, material type, beverage type and geography. By packaging type, the market is further segmented into bottles & jars, cans, cartons, and others. Based on material type, the market is divided into metal, plastic, glass, paper & paperboard, and others. Based on beverage type, the market is divided into alcoholic and non-alcoholic. Geographically, the market is subsegmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

 

 

Increasing use of renewable and biodegradable packaging

Beverage packaging preserves the taste and quality of the beverage and offers protection against moisture. It involves the use of various materials, such as glass, metal, plastic and paper & paperboard, that assist in preventing spillage and retaining the quality of the drink. Some of the beverages include carbonated energy drinks, bottled water, milk, alcohol, and fruit and vegetable juices. Besides, beverage packaging helps protect the beverage against moisture and heat, offering easy portability and preventing contamination and loss of vital nutrients. These qualities of beverage packaging are expected to propel the growth of the market.

 

Rising demand for functional beverages is one of the major factors accelerating market growth

The beverage industry encompasses ready-to-drink such as alcoholic and non-alcoholic beverages. Moreover, the beverage industry provides energy and sports drinks, vitamin water, vegetable juice, milk, aerated drinks, flavored water, and flavored tea and coffee. Globally, demand for non-alcoholic beverages such as functional beverages is growing due to increasing awareness about health and wellbeing. Other alcoholic and non-alcoholic beverage segments are also growing significantly due to lifestyle changes.

 

 

Recent strategic developments in the beverage packaging market

The beverage packaging market has undergone several significant developments, and a few of these have been mentioned below:

  • In June 2022, Ara Partners acquired beverage packaging company Petainer. 
  • In April 2022, Tetra Pak partnered with beverage brands to launch tethered caps on carton packages.
  • In March 2022, US-based consumer packaging provider Graphic Packaging launched EnviroClip, a paperboard alternative to plastic rings and shrink film for beverage cans.

The beverage packaging market is driven by several players implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Ball Corporation, Crown Holdings, Inc., Mondi Plc., Amcor Plc., and The Tetra Pak Group are among the prominent players operating in the market.

 

Target audience for the report:

  • Raw material providers
  • Beverage Packaging -related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • End users of beverage packaging
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Packaging Type:
    • Bottles and Jars
    • Cans
    • Cartons
    • Others
  • Material Type:
    • Metal
    • Plastic
    • Glass
    • Paper & Paperboard
    • Others
  • Beverage Type:
    • Alcoholic
    • Non-Alcoholic
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
    • Ball Corporation
    • Crown Holdings, Inc.
    • Mondi Plc.
    • Amcor Plc.
    • The Tetra Pak Group     

Companies profiled
- Ball Corporation
- Crown Holdings, Inc.
- Mondi Plc.
- Amcor Plc.
- The Tetra Pak Group





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