The global beverage packaging industry is poised for significant growth, with an estimated valuation of USD 142.3 billion in 2024. Projections indicate that the industry will reach a value of USD 194.3 billion by 2034, reflecting a steady increase over the next decade.
The demand for beverage packaging is expected to rise at a CAGR of 3.2% throughout the forecast period, underscoring the market’s robust expansion and the increasing demand for innovative beverage packaging solutions.
Resilient packaging serves as a crucial measure in preserving product integrity, compensating losses incurred from transportation and storage hazards. Its optimization helps in minimizing waste and associated transportation expenses, ultimately ensuring product quality.
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Moreover, by curbing excess packaging and waste, resilient packaging promotes sustainability, adhering to circular economy paradigms via recyclability and reusability. Consequently, it stands as an indispensable element within supply chains, facilitating uninterrupted production processes from manufacturing to consumption, while concurrently managing risks and advancing sustainability agendas.
Smart beverage packaging solutions help in optimizing logistics, anti-counterfeiting and brand security, and improved compliance and authentication. Smart packaging can involve radio-frequency identification (RFID) tags and NFC tags for product authentication, data-embedded barcodes to access product information, nutritional facts, etc., enhancing consumers’ knowledge and engagement with the brand.
Printed labels and indicators that monitor the freshness, temperature and shelf life of the inert product also improve the consumer experience. Smart and innovative functional designs such as built-in straws, compartments for adding extra flavours or supplements, and others can add functional benefits, itself becoming a USP for the brand.
Key Market Trends and Highlights:
- Advanced decorative techniques and digital printing have gained prominence in beverage packaging, enabling brands to effectively protect their products and communicate their brand identity.
- Beverage brands diversify their product offerings to cater to a broad consumer base, with packaging design playing a pivotal role in influencing consumer choices.
- Efficient packaging systems are essential for the beverage industry, ensuring product protection, quality preservation, and reduced risks.
Key Takeaways from Global Beverage Packaging Market:
- Bottles are dominating in global beverage packaging industry by gaining more than 70% of the value share through 2024.
- Liquid cartons are set to record a 3.9% growth rate by 2034 end.
- Plastic is the most consumed material for beverage packaging almost gaining 40% of value share.
- Metal and glass are also highly employed and gained 3.8% and 3.2% CAGR in the assessment period.
- 251 to 500 ml is a majorly used capacity in the beverage industry because of increasing ready-to-drink beverage consumption and preference for single-serve packaging.
- Up to 250 ml capacity range to gain USD 12.3 billion incremental dollar opportunity by the end of 2034.
- Non-alcoholic drinks are set to claim a substantial market share of 55% by 2024.
- North America is leading forefront in beverage packaging with 1/3rd of the market share in the forecast period.
- South Asia Pacific is emerging with a 5.4% growth rate in the upcoming decade driven by rapid growth due to its expanding demographics and economy.
“The global beverage packaging industry is evolving significantly driven by high consumer demand for lightweight and convenient packaging solutions with industry demand for sustainable and affordable packaging material.”- says Future Market Insights (FMI).
Key Players of Beverage Packaging Industry:
- Ardagh Group S.A.
- Owens-Illinois, Inc.
- Gerresheimer AG
- Toyo Seikan Group Holdings, Ltd.
- Saverglass SAS
- Vidrala S.A.
- Vitro, S.A.B. de C.V.
- Verallia
- Stoelzle Glass Group
- Ball Corporation
- Crown Holdings, Inc.
- Nampak Ltd.
- Silgan Containers LLC
- Berry Global, Inc.
- CPMC Holdings Ltd
- Kian Joo Can Factory Berhad
- Can-Pack SA
- Amcor Plc
- Tetra Pak
- SIG Combibloc Group Ltd.
More Valuable Insights
Future Market Insights, in its new report, offers an unbiased analysis of the global market for beverage packaging, analysing historical demand from 2019 to 2023 and forecast statistics for 2024 to 2034.
The study reveals market growth projections based on material (glass, plastic (PET, PP, HDPE, and LDPE), metal, and paper/paperboard)), product type (liquid cartons, beverage cans (aluminium cans, steel cans), bottles (glass bottles, plastic bottles, aluminium bottles), and others (pouch, jars, kegs, etc.)), capacity (250 ml, 251 to 500 ml, 501 to 1000 ml, and above 1000 ml), and application (alcoholic drinks (beer, wine, spirits, other alcoholic beverages), and non-alcoholic drinks (fruit juices, carbonated drinks/soda, RTD, milk products)), across seven regions.
Key Segments of Beverage Packaging Industry
By Material:
In terms of material, the industry is divided into up to glass, plastic, metal, and paper/paperboard. Plastic is further divided as polyethylene terephthalate (PET), polypropylene (PP), high-density polyethylene (HDPE), and low-density polyethylene (LDPE). Metal is further classified as aluminium and steel.
By Product Type:
In terms of product type, the industry is segregated into liquid cartons, beverage cans, bottles, and others (pouch, jars, kegs, etc.). Beverage cans are further classified as aluminium cans, and steel cans. Bottles are divide into glass bottles, plastic bottles, and aluminium bottles.
By Capacity:
In terms of capacity, the industry is segregated into up to 250 ml, 251 to 500 ml, 501 to 1000 ml, and above 1000 ml.
By Application:
The industry is classified by application as alcoholic drinks, and non-alcoholic drinks. Alcoholic drinks are classified as beer, wine, spirits, and other alcoholic beverages. Non-alcoholic drinks are subdivided as fruit juices, carbonated drinks/soda, RTD, milk products.
By Region:
Key countries of North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East and Africa (MEA), have been covered in the report.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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