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Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Definition of Market/Industry:

Beverage packaging is a packaging of beverages which are done by using a bottle, can, pouches, paperboard, and pallets plastic films. The market of the beverage packaging is classified on the basis of dairy beverages, alcoholic beverages, and non-alcoholic beverages.

The global beverage packaging market is estimated to be valued at US$ 233.215 billion in 2021 and is expected to exhibit a CAGR of 5.8 % over the forecast period (2021-2028).

Recent Developments:

In July 2020, Diageo, Johnnie Walker, Smirnoff, and Guinness's parent company, announced the creation of the 100% plastic-free, paper-based spirits bottle. The bottle is expected to source from sustainable wood and would launch in early 2021.

In February 2020, Ball Corporation is expected to expand United States Metal Can production by 2021. Its specialty beverage can plant would commence operations in Arizona and the north-eastern US, in line with the company's previous commitment to add at least 8 billion units of capacity by the end of 2021.

In August 2019, Amcor developed new range of polyethylene terephthalate (PET) bottles for the Age’s Salzburg craft beer brand in Brazil. The new bottle provides four months shelf life and provides 100% recycling in the existing recycling techniques. The bottle features glass-like look and has a metal crown to make it more attractive to the customers.

Asia Pacific held dominant position in the global beverage packaging market in 2020, accounting for 33.1% share in terms of value, followed by Europe and North America, respectively. The Asia Pacific region is expected to witness maximum growth in the beverage packaging market, due to the rise of on-the-go consumption habits. Increasing disposable incomes, and a fast-paced lifestyle, coupled with easy access to retail outlets, are other factors that enable more consumers to opt for packaged beverages, especially in developing countries such as India.

Figure 1. Global Beverage Packaging Market Value (US$ Bn), by Region, 2020

Beverage Packaging  | Coherent Market Insights

Drivers:

Growing demand for packaged beverages is propelling market growth. The increasing urban population is one of the key factors driving demand for packaged beverages. According to the United Nation, at present 55% of the world’s population lives in urban areas, a proportion that is expected to increase to 68% by 2050. This is driven by a gradual shift in the residence of the human population from rural to urban areas, combined with the overall growth of the world’s population could add another 2.5 billion people to urban areas by 2050.

Increasing consumption of energy/sports drinks, RTD beverages, and flavored milk is accelerating market growth. Sports drinks, energy drinks, and iced/RTD tea are among the most lucrative segment in the RTD market and are gaining tremendous growth over the forecast period. Moreover, retailers are allocating large shelf space for ready-to-drink beverages owing to higher profit margins and growing demand from consumers. Also, the increasing availability of such beverages in multi-size packaging is again propelling market growth. 

Market Opportunities

The growing demand for eco-friendly product packaging is projected to bring new market opportunities in the near future. For instance, in February 2020, Numi Organic Tea introduced its new plant-based packaging that features a bright, bold, ingredients-focused look. new packaging is more eco-friendly and produced from 90 percent post-consumer waste paper cartons, soy-based inks, and biodegradable Manila hemp tea bags. Thus, the growing demand for eco-friendly product packaging is propelling market growth.

The growing popularity of lightweight packaging is expected to offer lucrative market opportunities over the forecast period. For instance, Sidel—an Italy-based PET solutions provider—introduced a 500 ml PET water bottle weighing 7.95 g as compared to standard bottles of the same capacity that weigh 12 gm. It also achieved 32% more top-load performance as compared to the lightest commercial bottles, which in turn, resulted in raw material cost savings of up to US$ 1.9 Mn per year.

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Beverage Packaging Market Report Coverage

Report Coverage Details
Base Year: 2020 Market Size in 2021: US$ 233.215 Bn
Historical Data for: 2017 to 2020 Forecast Period: 2021 to 2028
Forecast Period 2021 to 2028 CAGR: 5.8% 2028 Value Projection: US$ 346.06 Bin
Geographies covered:
  • Regions: North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Middle East & Africa (MEA)
Segments covered:
  • By Product Type: Bottles, Cans, Liquid Cartons, Pouch/Sachet, and Others
  • By Application: Alcoholic Drinks (Beer, and  Other Alcoholic Drinks), and Non-Alcoholic Drinks (Dairy,  Carbonated Drinks/Soda,  Juices/Soft Drinks,  Bottled Water, and  Energy Drinks/RTD Beverages)
Companies covered:

Amcor Limited, Alcoa Inc., Ball Corporation, Crown Holdings, Inc., Owens-Illinois, Inc., Rexam PLC, Reynolds Group Holdings Limited, Ardagh Group S.A., Tetra Laval International S.A., and Compagnie de Saint-Gobain

Growth Drivers:
  • Increasing demand for packaged beverages
  • Growing consumption of sports drink
Restraints & Challenges:
  • Growing price of raw materials

Market Trends

The growing trend of multipacks in canned beverages across emerging countries as it is cost-saving and easy to transport options are projected to propel the market growth of the beverage packaging. For instance, in November 2019, Coca-Cola and its strategic bottling partners have announced that has begun rolling out an innovative packaging solution on multi-pack cans across Europe. This new type of packaging aims to replace plastic wrap while also minimizing the amount of paper/card required.

Attractive color, texture, graphics & feel on cans packaging is a growing trend in the market. To attract more consumers and product differentiation, companies are focusing on introducing innovative packaging for metal cans. Various manufacturers are adopting tactile printing, grooved edges, matte finish, extra glossy surfaces, and embossing for enhancing the appearance of the metals cans. Also, growing focus on on-pack promotions with eye-catching colors and design is again fostering the market growth.

Figure 2. Global Beverage Packaging Market Share, By Product Type, 2020

Beverage Packaging  | Coherent Market Insights

Key Takeaways of the Graph:

  • The Bottles in product type held dominant position in the market and accounted for 63.5% share in the global beverage packaging market in 2020.
  • The increasing consumption of non-alcoholic beverages is anticipated to rise the demand for bottles in beverage packaging. Bottles also offer great convenience in carrying and storage making it a preferable choice by consumers. These factors are projected to foster the demand of bottle packaging in the global market. 

Market Restraints

The growing price of raw materials for beverage packaging is expected to act as a major restraining factor. Plastic is a highly preferred raw material for the packaging of beverages. However, fluctuating costs of raw materials for producing plastics are projected to restrict the growth of the beverage packaging market to some extent.

The dearth of trained professionals to handle advanced packaging machinery used across the food & beverage industry is expected to impede the growth of the beverage packaging market. Also, the high maintenance cost associated with the beverage packaging solution is again hampering the market growth.

Competitive Section:

Company Names 

  1. Amcor Limited
  2. Alcoa Inc.
  3. Ball Corporation
  4. Crown Holdings, Inc.
  5. Owens-Illinois, Inc.
  6. Rexam PLC
  7. Reynolds Group Holdings Limited
  8. Ardagh Group S.A.
  9. Tetra Laval International S.A.
  10. Compagnie de Saint-Gobain

Beverage packaging materials come in many different forms. With advances in technology, different types of plastics and polymers are being used to manufacture bottles, caps, tops, and containers. Most beverage packaging is created with a view toward protecting the environment from recycling waste, as well as creating appealing and functional merchandise. As consumers become more environmentally conscious, eco-friendly beverage packaging will be an ever increasing segment of the beverage industry. One type of ecofriendly product introduced to the market that has become extremely popular is recyclable plastic beverage packaging. Reusable and recyclable plastics have become popular because they offer a cost effective way to package products.

Market Dynamics:

Increasing demand for beverage is driving growth of the beverage packaging market. Growing consumption of sports drinks and rising adoption of advanced packaging is again fostering growth of the beverage packaging market. For instance, in March 2021, Graphic Packaging International launched recyclable paperboard packaging solution for beverage brands: Cap-It. It is a clip with neck rings designed for multipack PET or recycled PET bottles. Produced from renewable materials, the paperboard solution offers an alternative to traditional shrink film packaging, increasing overall pack recyclability to 100%.

However, growing price of raw material and lack of skilled professional to handle beverage packaging is expected to hinder growth of the market.

Key features of the study:

  • This report provides in-depth analysis of the beverage packaging market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2021–2028), considering 2020 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., Ball Corporation, Crown Holdings, Inc., Owens-Illinois, Inc., Rexam PLC, Reynolds Group Holdings Limited, Ardagh Group S.A., Tetra Laval International S.A., and Compagnie de Saint-Gobain
  • 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
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global beverage packaging market

Detailed Segmentation:

  • Global Beverage Packaging Market, By Product type:
    • Bottles
    • Cans
    • Liquid Cartons
    • Pouch/Sachet
    • Others
  • Global Beverage Packaging Market, By Application:
    • Alcoholic Drinks
      • Beer
      • Other Alcoholic Drinks
    • Non-Alcoholic Drinks
      • Dairy
      • Carbonated Drinks
      • Juices/Soft Drinks
      • Bottled Water
      • Energy Drinks
  • Global Beverage Packaging Market, By Region:
    • North America
      • By Product type
        • Bottles
        • Cans
        • Liquid Cartons
        • Pouch/Sachet
        • Others
      • By Application
        • Alcoholic Drinks
          • Beer
          • Other Alcoholic Drinks
        • Non-Alcoholic Drinks
          • Dairy
          • Carbonated Drinks
          • Juices/Soft Drinks
          • Bottled Water
          • Energy Drinks
      • By Country
        • Canada
        • U.S.
    • Europe
      • By Product type
        • Bottles
        • Cans
        • Liquid Cartons
        • Pouch/Sachet
        • Others
      • By Application
        • Alcoholic Drinks
          • Beer
          • Other Alcoholic Drinks
        • Non-Alcoholic Drinks
          • Dairy
          • Carbonated Drinks
          • Juices/Soft Drinks
          • Bottled Water
          • Energy Drinks
      • By Country
        • U.K.
        • France
        • Germany
        • Rest of Europe
    • Asia Pacific
      • By Product type
        • Bottles
        • Cans
        • Liquid Cartons
        • Pouch/Sachet
        • Others
      • By Application
        • Alcoholic Drinks
          • Beer
          • Other Alcoholic Drinks
        • Non-Alcoholic Drinks
          • Dairy
          • Carbonated Drinks
          • Juices/Soft Drinks
          • Bottled Water
          • Energy Drinks
      • By Country
        • China
        • India
        • ASEAN
        • Australia
        • Rest of Asia Pacific
    • Latin America
      • By Product type
        • Bottles
        • Cans
        • Liquid Cartons
        • Pouch/Sachet
        • Others
      • By Application
        • Alcoholic Drinks
          • Beer
          • Other Alcoholic Drinks
        • Non-Alcoholic Drinks
          • Dairy
          • Carbonated Drinks
          • Juices/Soft Drinks
          • Bottled Water
          • Energy Drinks
      • By Country
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • By Product type
        • Bottles
        • Cans
        • Liquid Cartons
        • Pouch/Sachet
        • Others
      • By Application
        • Alcoholic Drinks
          • Beer
          • Other Alcoholic Drinks
        • Non-Alcoholic Drinks
          • Dairy
          • Carbonated Drinks
          • Juices/Soft Drinks
          • Bottled Water
          • Energy Drinks
      • By Region
        • Middle East
        • Africa
  • Company Profiles
    • Amcor Limited*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Alcoa Inc.
    • Ball Corporation
    • Crown Holdings, Inc.
    • Owens-Illinois, Inc.
    • Rexam PLC
    • Reynolds Group Holdings Limited
    • Ardagh Group S.A.
    • Tetra Laval International S.A.
    • Compagnie de Saint-Gobain

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, Product type
      • Market Snippet, Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • PEST Analysis
      • PORTER’s Five Forces Analysis
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Mergers and Acquisitions
  4. Global Beverage Packaging Market - Impact of Coronavirus (Covid-19) Pandemic
    • Overview
    • Factors Affecting Global Beverage Packaging Market – COVID-19
    • Impact Analysis
  5. Global Beverage Packaging Market, By Product type, 2017- 2028 (US$ Bn)
    • Introduction
      • Market Share Analysis, 2020, 2022 and 2028 (%)
      • Y-o-Y Growth Analysis, 2021 - 2028
      • Segment Trends
    • Bottles
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2028, (US$ Bn)
    • Cans
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2028, (US$ Bn)
    • Liquid Cartons
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2028, (US$ Bn)
    • Pouch/Sachet
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2028, (US$ Bn)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2028, (US$ Bn)
  6. Global Beverage Packaging Market, By Application, 2017- 2028 (US$ Bn)
    • Introduction
      • Market Share Analysis, 2020, 2022 and 2028 (%)
      • Y-o-Y Growth Analysis, 2021 - 2028
      • Segment Trends
    • Alcoholic Drinks
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2028, (US$ Bn)
      • By Sub-segment
        • Beer
        • Other Alcoholic Drinks
    • Non-Alcoholic Drinks
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2028, (US$ Bn)
      • By Sub-segment
        • Dairy
        • Carbonated Drinks
        • Juices/Soft Drinks
        • Bottled Water
        • Energy Drinks
  7. Global Beverage Packaging Market, By Region, 2017- 2028 (US$ Bn)
    • Introduction
      • Market Share Analysis, By Region, 2020, 2022 and 2028 (%)
      • Y-o-Y Growth Analysis, For Region, 2021 - 2028
    • North America
      • Market Share Analysis, By Country, 2020, 2022 and 2028 (%)
      • Y-o-Y Growth Analysis, By Country, 2021 – 2028
      • Market Share Analysis, By Product type, 2020, 2022 and 2028 (%)
      • Market Share Analysis, By Application, 2020, 2022 and 2028 (%)
      • By Country
        • U.S.
        • Canada
    • Latin America
      • Market Share Analysis, By Country, 2020, 2022 and 2028 (%)
      • Y-o-Y Growth Analysis, By Country, 2021 – 2028
      • Market Share Analysis, By Product type, 2020, 2022 and 2028 (%)
      • Market Share Analysis, By Application, 2020, 2022 and 2028 (%)
      • By Country
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Europe
      • Market Share Analysis, By Country, 2020, 2022 and 2028 (%)
      • Y-o-Y Growth Analysis, By Country, 2021 – 2028
      • Market Share Analysis, By Product type, 2020, 2022 and 2028 (%)
      • Market Share Analysis, By Application, 2020, 2022 and 2028 (%)
      • By Country
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Share Analysis, By Country, 2020, 2022 and 2028 (%)
      • Y-o-Y Growth Analysis, By Country, 2021 – 2028
      • Market Share Analysis, By Product type, 2020, 2022 and 2028 (%)
      • Market Share Analysis, By Application, 2020, 2022 and 2028 (%)
      • By Country
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Middle East & Africa
      • Market Share Analysis, By Sub-Region, 2020, 2022 and 2028 (%)
      • Y-o-Y Growth Analysis, By Sub-Region, 2021 – 2028
      • Market Share Analysis, By Product type, 2020, 2022 and 2028 (%)
      • Market Share Analysis, By Application, 2020, 2022 and 2028 (%)
      • By Region
        • Middle East
        • Africa
  8. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis (3x3 Matrix)
    • Company Profiles
      • Amcor Limited
        • Company Overview
        • Component Portfolio
        • Recent Developments/Updates
      • Alcoa Inc.
        • Company Overview
        • Component Portfolio
        • Recent Developments/Updates
      • Ball Corporation
        • Company Overview
        • Component Portfolio
        • Recent Developments/Updates
      • Crown Holdings, Inc.
        • Company Overview
        • Component Portfolio
        • Recent Developments/Updates
      • Owens-Illinois, Inc.
        • Company Overview
        • Component Portfolio
        • Recent Developments/Updates
      • Rexam PLC
        • Company Overview
        • Component Portfolio
        • Recent Developments/Updates
      • Reynolds Group Holdings Limited
        • Company Overview
        • Component Portfolio
        • Financial Performance
      • Ardagh Group S.A.
        • Company Overview
        • Component Portfolio
        • Recent Developments/Updates
      • Tetra Laval International S.A.
        • Company Overview
        • Component Portfolio
        • Recent Developments/Updates
      • Compagnie de Saint-Gobain
        • Company Overview
        • Component Portfolio
        • Recent Developments/Updates
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

* Browse 50 market data tables* and 45 figures* on "Beverage Packaging Market” - Global forecast to 2028.

FAQgrowicon

Frequently Asked Questions

The global beverage packaging market size is estimated to be valued at US$ 233.215 billion in 2021 and is expected to exhibit a CAGR of 5.8% between 2021 and 2028.
Increasing demand for packaged beverages and growing consumption of sports drink are the factors fuelling growth of the market.
The bottles in product type segment is the leading component segment in the market.
Growing price of raw materials is expected to hinder growth of the market.
Major players operating in the market include, Amcor Limited, Alcoa Inc., Ball Corporation, Crown Holdings, Inc., Owens-Illinois, Inc., Rexam PLC, Reynolds Group Holdings Limited, Ardagh Group S.A., Tetra Laval International S.A., and Compagnie de Saint-Gobain
Asia Pacific region is expected to hold dominant position in the market over the forecast period. The growth of the market in the region is driven by due to the rise of on-the-go consumption habits. Increasing disposable incomes, and a fast-paced lifestyle, coupled with easy access to retail outlets, are other factors that enable more consumers to opt for packaged beverages, especially in developing countries such as India.
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