all report title image
  • Published On : Nov 2022
  • Code : CMI2989
  • Industry : Packaging
  • Pages : 130
  • Formats :

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.

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).

Drivers

The increasing urban population is one of the key factors driving demand for packaged beverages. According to the United Nation in 2020, 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, ready to drink beverages, and flavored milk is expected to drive the market growth. Sports drinks, energy drinks, and iced/ ready to drink tea 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. Moreover, the increasing availability of such beverages in multi-size packaging is expected to drive the market growth.

Due to spread of Covid-19, there has been a huge impact on the food supply chain. Due to growing number of deaths, the government had imposed strict regulations and lockdown which affected a lot of economies. Global beverage packaging market growth had been negatively influenced by SARS-CoV-2 infection spread during 2020. Stringent lockdown norms, reduced workforce in industries, disruptions in raw material supply chain, and movement restrictions have slowed down the product developmentadversely affecting the beverage packaging market growth.

Figure 1. Global Beverage Packaging Market Value Share (%), By Region, 2021

Beverage Packaging  | Coherent Market Insights

Market Restraints

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

The shortage of trained professionals to handle advanced packaging machinery used across the food & beverage industry is expected to hinder growth of the beverage packaging market. Moreover, high maintenance cost associated with the beverage packaging solution is expected to hamper the market growth.

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Beverage Packaging Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2021: US$ 233.21 Bn
Historical Data for: 2017-2020 Estimated Year: 2022
Forecast Period 2022 to 2030 CAGR: 5.84 % Forecast Period: 2022-2030
Geographies covered:
  • By Region: North America, Latin America, Europe, Asia Pacific, and Middle East & Africa
Segments covered:
  • By Product Type: Bottles, Cans, Liquid Cartons, Pouch/Sachet, Others
  • By Application: Alcoholic Drinks (Beer and  Other Alcoholic Drinks), 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 drinks
Restraints & Challenges:
  • Increasing price of various raw materials

Market Trends

The growing trend of inventing and using different types of beverage packaging with variation in size, quantity material are expected to propel the market growth of the beverage packaging. For instance, in March 2021, Ardagh Group S.A., a leading global supplier of sustainable, infinitely recyclable, metal beverage cans partnered with Bragg Live Food Products, a company engaged in making of Organic Apple Cider Vinegar and introduced a new 16oz glass bottles for apple cider vinegar beverages.

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

Figure 2. Global Beverage Packaging Market Value Share (%), By Product Type, 2021

Beverage Packaging  | Coherent Market Insights

On the basis of product type in 2021, bottles segment accounted for the largest market share of 63.50% in terms of value, followed by cans and liquid cartons segments respectively.

Recent Developments

  • In September 2022, a US$ 530 million deal was completed between Ball Corp, a provider of innovative, sustainable aluminum packaging for beverage and Arnest Group, a manufacturer of wide range of cosmetics, perfumes, and household products in aerosol packaging for the beverage packaging business in Russia. As a result of the this deal, Ball's business outside of Russia will remain unaffected by the sales of its Russian-based operations to Arnest Group, which manufactures perfume, cosmetics, and household products in aerosol packaging.
  • In December 2021, Amcor Group GmbH, a global leader in developing & manufacturing high-quality, packaging solutions partnered with Nutrea, a company engaged in making of human body protein supplements to offer its Rupro protein juice in newly developed Polyethylene Terepthalate Bottle.
  • In December 2020, Vetropack Holding Ltd, a glass packaging manufacturer in Switzerland acquired Moldovan Glassworks. With this acquisition, Vetropack Holding Ltd will have two separate operational units (Glass Container Company and Glass Container Prim), which will enhance Vetropack’s market position in Central and Eastern Europe.

Competitive Section

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.

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, a leading provider of paper-based packaging solutions launched recyclable paperboard packaging solution for beverage brands: Cap-It. It is a clip with neck rings designed for multipack Polyethylene terephthalate (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%.

The growing demand for eco-friendly product packaging is expected 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% 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 the market growth.

Key features of the study:

  • This report provides an in-depth analysis of global beverage packaging market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year.
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market.
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, 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 overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • 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 management authorities of companies to make informed decision regarding future products launches, technology up gradation, market expansion, and marketing tactics
  • The global beverage packaging market report caters to various stakeholders in this industry including investors, suppliers, beverage packaging 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/Soda
      • Juices/Soft Drinks
      • Bottled Water
      • Energy Drinks/RTD Beverages
  • Global Beverage Packaging Market, By Region:
    • North America
      • By Country :
        • U.S.
        • Canada
    • Europe
      • By Country :
        • U.K.
        • Germany
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Country :
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • By Country
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East & Africa
      • By Country
        • 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.

Frequently Asked Questions

Global beverage packaging market was valued at around US$ 233.21 Billion in 2021.
Increasing demand for packaged beverages and growing consumption of sports drink are the factors fuelling the market.
The growing trend of developing and using different types of beverage packaging with variation in size, quantity, and material are expected to propel the market,
Growing price of raw materials for beverage packaging 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
The market is estimated to grow at around 5.84% CAGR in the forecast period (2022-2030).

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