Beverage Packaging Market Segmentation Report To Understand Consumer Needs
The global beverage packaging market was valued at approximately USD 157.73 billion in 2023 and is projected to reach USD 222.08 billion by 2030, reflecting a compound annual growth rate (CAGR) of 5.0% from 2024 to 2030. The growth is expected to be driven by rising beverage consumption in emerging economies and an increasing adoption of bioplastics in beverage packaging. There is significant demand for beverage packaging from both alcoholic and non-alcoholic segments in emerging markets. Additionally, the overall market is experiencing growth due to a surge in demand for functional drinks. Rapid urbanization and the expansion of the middle-class population in developing countries are leading to lifestyle changes that include an increased demand for beverages. Global consumption of alcoholic beverages is primarily fueled by a rise in alcohol consumption and a growing interest in premium products, supported by increasing disposable incomes. In countries like Belarus,...