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, Moldova, Lithuania, Russia, Romania, the UK, Ukraine, Andorra, Hungary, Slovakia, and Portugal, cultural and traditional factors significantly influence alcohol demand. Meanwhile, emerging nations such as China and India are witnessing rapid growth in demand. Major beer-producing countries in the global market include China, the U.S., Brazil, Germany, Russia, Mexico, Japan, the UK, and Poland.

Key Market Trends & Insights

• Asia Pacific led the market in 2023, capturing over 33.0% of the revenue share. The region is experiencing significant growth due to the rising demand for packaged beverages in emerging economies like India and China, among others.

• By material, the global market is categorized into plastics, glass, metal, and other materials. Plastics dominated the market with a share exceeding 31.0% in 2023 and is anticipated to grow robustly during the forecast period. The lightweight nature of plastic, compared to glass and metal, makes plastic bottles and containers easier to transport, which is particularly advantageous for on-the-go beverages.

• By application, the market is divided into alcoholic and non-alcoholic beverages. The alcoholic beverages segment held the largest revenue share at 50.0% in 2023 and is projected to exhibit the fastest compound annual growth rate (CAGR) in the coming years.

• By product, the market includes cans, bottles & jars, pouches, cartons, and other products. The bottles & jars segment dominated the market, accounting for 34.0% of the revenue share in 2023. Bottles and jars, especially those made from glass or specific plastics, effectively protect against oxygen, moisture, and light, which can negatively impact the quality and shelf life of beverages.

Order a free sample PDF of the Beverage Packaging Market Intelligence Study, published by Grand View Research.

Market Size & Forecast

• 2023 Market Size: USD 157.73 billion
• 2030 Projected Market Size: USD 222.08 billion
• CAGR (2024-2030): 5.0%
• Asia Pacific: Largest market in 2023
• North America: Fastest growing market

Key Companies & Market Share Insights

The market is highly fragmented, featuring a large number of companies. In recent years, the beverage packaging industry has seen a surge in new product launches, mergers and acquisitions, and expansions. This trend is largely driven by initiatives related to the circular economy, advancements in materials and technologies, and increasing consumer demand for sustainable solutions.

Key Players
• 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

Explore Horizon Databook – The world's most expansive market intelligence platform developed by Grand View Research.

Conclusion

The global beverage packaging market growth is driven by rising beverage consumption in emerging economies and increased adoption of bioplastics. Demand spans both alcoholic and non-alcoholic segments, fueled by a surge in functional drinks and changing lifestyles due to urbanization and a growing middle class. Alcohol consumption is driven by rising disposable incomes and a preference for premium products, particularly in countries like Belarus and the UK, while emerging markets such as China and India are seeing rapid growth. Major beer-producing countries include China, the U.S., and Brazil.

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