Beverage Packaging Industry

The global beverage packaging market is projected to reach a valuation of USD 222.08 billion by the year 2030, growing at a compound annual growth rate (CAGR) of 5.0% during the forecast period, according to a recent report published by Grand View Research, Inc. The market expansion is primarily driven by increasing consumption of beverages across various regions, along with the growing preference for convenient and eco-friendly packaging options that meet evolving consumer expectations.

In recent years, the global beverage packaging industry has experienced significant demand from both alcoholic and non-alcoholic beverage segments, particularly in emerging economies. This surge can be attributed to changing consumer habits and greater availability of a wide range of beverage options. Additionally, the market is benefiting from the rising popularity of functional drinks, which offer added health benefits and are becoming increasingly integrated into consumers’ daily routines. Rapid urbanization and the growth of the middle-class population in developing countries are further contributing to this trend. As these populations gain increased purchasing power, there is a notable shift in lifestyle patterns, including a growing inclination towards ready-to-drink beverages.

Among the various product types, bottles and jars emerged as the leading segment in terms of revenue in 2023. These packaging formats are widely used due to their practicality, durability, and ease of transportation. However, during the forecast period, the carton segment is expected to exhibit the most robust growth. This anticipated growth is largely due to the increasing use of active packaging technologies, which enhance the shelf life of beverages. Active packaging works through mechanisms such as moisture absorbers, oxygen scavengers, antioxidants, and antimicrobial agents, all of which help preserve the freshness and safety of the contents. Furthermore, cartons are often easier to handle, store, and consume from, offering added convenience to end users.

Bottles and jars are commonly manufactured using materials such as glass and plastic. The demand for plastic bottles, in particular, continues to rise, fueled by the growing consumption of bottled water and carbonated soft drinks. Among the various plastic types used in manufacturing, High-Density Polyethylene (HDPE) and Polyethylene Terephthalate (PET) are the most prevalent due to their strength, light weight, and recyclability. The increasing popularity of single-serve water packaging is a significant factor driving the demand for plastic bottles, as consumers continue to seek portable and hygienic beverage solutions. This trend is expected to further boost market growth over the coming years.

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Beverage Packaging Market Segments Highlights:

  • The global beverage packaging market is projected to reach USD 222.08 billion by 2030, registering a CAGR of 5.0% from 2024 to 2030
  • In terms of revenue, bottle & jars were the largest product segment in 2023, accounting for 34.0% of the global market. Rise in demand for bottled drinking water is poised to supplement the demand for bottles & jars
  • Glass was the most significant material segment in 2023 and is expected to maintain its dominance throughout the forecast period
  • Asia Pacific was the leading revenue generating region in 2023, while North America is estimated to register the fastest CAGR from 2024 to 2030
  • Rapid growth in the e-commerce industry is driving the change and demand for packaging.

Beverage Packaging Market Report Segmentation

Grand View Research has segmented the global beverage packaging market based on material, product, application, and region:

Beverage Packaging Material Outlook (Revenue, USD Billion; Volume, Billion Liters, 2018 - 2030)

  • Plastic
  • Glass
  • Metal
  • Other Materials

Beverage Packaging Product Outlook (Revenue, USD Billion; Volume, Billion Liters, 2018 - 2030)

  • Can
  • Bottle & Jar
  • Pouch
  • Carton
  • Other Products

Beverage Packaging Application Outlook (Revenue, USD Billion; Volume, Billion Liters, 2018 - 2030)

  • Alcoholic Beverages
  • Non-alcoholic Beverages

Beverage Packaging Regional Outlook (Revenue, USD Billion; Volume, Billion Liters, 2018 - 2030)

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
  • Central & South America
    • Brazil
    • Argentina
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa

Key Beverage Packaging Company Insights

  • Bemis Company, Inc.
  • Sonoco Products Company
  • Scholle IPN
  • Mondi
  • Amcor plc
  • Reynolds Group Ltd.
  • Crown
  • Stora Enso
  • Tetra Laval International S.A.
  • Ball Corporation
  • WestRock Company
  • Graham Packaging
  • SIG
  • Berry Global Inc.
  • Amber Packaging

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