Beverage Packaging Market Size - By Material Type (Glass, Plastic, Metal, Paperboard), By Packaging Type (Bottles, Cans, Cartons, Pouches, Kegs), By Product Type (Non-alcoholic Beverages, Alcoholic Beverages, Dairy Beverages) & Forecast, 2023 – 2032

Beverage Packaging Market Size - By Material Type (Glass, Plastic, Metal, Paperboard), By Packaging Type (Bottles, Cans, Cartons, Pouches, Kegs), By Product Type (Non-alcoholic Beverages, Alcoholic Beverages, Dairy Beverages) & Forecast, 2023 – 2032

Beverage Packaging Market Size

Beverage Packaging Market size was valued at USD 152.7 billion in 2022 and is forecast to observe over 5.7% CAGR from 2023 to 2032. The overall demand for beverage packaging is directly linked to the consumption of beverages. Changing consumer preferences and the rising popularity of convenience beverages, such as ready-to-drink products and single-serve beverages, drive the need for innovative and practical packaging solutions. Consumers seek convenience in their beverage consumption, leading to an increased demand for portable and on-the-go packaging options.

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Beverage packaging plays a crucial role in branding and marketing strategies. Attractive, eye-catching packaging designs and shapes can influence consumer purchasing decisions, leading to increased demand for unique and innovative packaging solutions.

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Increasing awareness of environmental issues has put pressure on the beverage packaging industry to adopt more sustainable practices. Balancing cost-effectiveness with innovative and sustainable packaging solutions can be a challenge. Companies need to invest in modern technologies and materials while also maintaining competitive pricing. The beverage packaging industry is subject to numerous regulations related to food safety, labeling, recycling, and materials used. Thus, the risks associated with Beverage packaging may drive down the acceptance rate, further hampering the beverage packaging market growth.

COVID-19 Impact

During the pandemic, there was a notable shift in beverage consumption patterns. With the closure of restaurants, bars, and entertainment venues, consumers spent more time at home, leading to increased demand for packaged beverages for home consumption. This shift drove higher demand for retail-ready packaging and single-serve formats. Thus, the reduced number of COVID-19 cases and implementation of subsequent strategies by government and non-government organizations will boost the market growth.

Beverage Packaging Market Trends

Sustainability continues to be a major trend in the beverage packaging industry. Consumers are increasingly conscious of environmental issues and are demanding eco-friendly packaging solutions. Beverage companies are adopting recyclable materials, biodegradable packaging, and lightweighting initiatives to reduce their carbon footprint. The demand for single-serve and on-the-go beverage packaging formats is on the rise. Consumers seek convenience and portability in their beverage consumption, leading to increased demand for bottles, cans, pouches, and cartons suitable for quick consumption.

Beverage Packaging Market Analysis

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Glass segment held a majority market share in 2022. Glass conveys a premium image for high-end and luxury beverages, enhancing brand perception. Glass is a highly recyclable material, appealing to consumers concerned about sustainability and environmental impact. Glass provides an inert barrier that preserves the taste and quality of the beverage.

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The bottles box segment captured around 40% share of beverage packaging market in 2022 and is expected to observe at a lucrative pace through 2032. Bottles provide ease of use and portability, making them suitable for on-the-go consumption. Bottles allow ample space for branding and product information, enhancing brand visibility and recognition.

Non-alcoholic beverages segment accounted dominant market share in 2022 and is set to grow at 5.2% CAGR through 2032. Consumers seek packaging that offers convenience and portability for on-the-go consumption of non-alcoholic beverages. Packaging types like bottles, cans, pouches, and cartons provide ease of use and transportability. Thus, the high-quality services and growing usage of Beverage packaging at food centres are anticipated to expedite the beverage packaging market expansion.

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U.S. beverage packaging market dominated the North American region with a revenue of USD 35.4 billion in 2022 and is poised to expand at a significant pace from 2023 to 2032. The overall demand for beverage packaging is closely tied to the consumption of beverages. The growing consumption of various beverages, including soft drinks, alcoholic beverages, bottled water, juices, and energy drinks, drives the need for innovative and efficient packaging solutions.

Beverage Packaging Market Share

Some of the major players operating in the beverage packaging market are

• Tetra Pak International S.A.
• Amcor plc
• Ball Corporation
• Crown Holdings, Inc.
• Owens-Illinois, Inc.
• AptarGroup, Inc.
• Graham Packaging Company
• SIG Combibloc Group AG
• Huhtamaki Group
• Plastipak Holdings, Inc.
• Berry Global Group, Inc.
• DS Smith Plc
• WestRock Company
• Evergreen Packaging LLC
• Berlin Packaging LLC

These participants focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.

Beverage Packaging Industry News

• In June 2022, SIG, a Swiss aseptic packaging supplier, completed the acquisition of Scholle IPN, a flexible packaging business. SIG and Scholle IPN reached an agreement in February 2022 to buy each other for an enterprise value of USD 1.53 billion and an equity value of USD 1.2 billion. Scholle IPN, with its headquarters in Northlake, Illinois, offers sustainable packaging systems and solutions for the food, beverage, retail, institutional, and industrial markets.

This beverage packaging market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million & Units from 2018 to 2032, for the following segments

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Market, By Material type

• Glass
• Plastic
• Metal
• Paperboard
• Other Materials

Market, By Packaging Type

• Bottles
• Cans
• Cartons
• Pouches
• Kegs

Market, By Product Type

• Non-alcoholic Beverages
• Alcoholic Beverages
• Dairy Beverages

The above information is provided for the following regions and countries

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Indonesia
  • Malaysia 
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Egypt