REPORT SCOPE & OVERVIEW
Beverage Packaging Market size was USD 155.8 Bn in 2022 and is expected to Reach USD 233.7 Bn by 2030 and grow at a CAGR of 5.2 % over the forecast period of 2023-2030.
The market for beverage packaging is a vibrant and constantly changing sector of the economy that is dedicated to developing, producing, and distributing packaging products that are especially made for beverages. It includes many different types of packaging, such as pouches, cartons, bottles, cans, and more.
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Sustainability is one of the main factors influencing the beverage packaging market. Due to growing environmental concerns, there is a rise in demand for packaging materials that are environmentally friendly and have a minimal negative impact on the environment. Companies are actively looking for alternatives to single-use plastic packaging, such as Sustainable Plastic Packaging materials, recycled content, and cutting-edge packaging designs that produce the least amount of waste.
The ease of the consumer is another important market factor. Consumers are given convenience and functionality through beverage packaging. Resealable closures, ergonomic shapes for simple handling, and packaging that preserves the beverage's freshness and quality are some examples of these features.
In the market for beverage packaging, branding, and shelf appeal are equally important. In order to build brand recognition and draw customers to store shelves, packaging is essential. To set their products apart from the competition and create a distinctive brand identity, businesses invest in eye-catching designs, unusual shapes, and efficient labelling methods.
The market for beverage packaging has also been impacted by the growth of e-commerce. Because of the rising popularity of online shopping and direct-to-consumer sales, packaging must be durable enough to safeguard the item during shipping while also ensuring that customers have a fun unboxing experience.
The market has also been impacted by technological advancements. Companies can now improve product safety, increase shelf life, and engage customers through interactive packaging experiences thanks to advancements in printing techniques, smart packaging options, and active packaging technologies.
The market for beverage packaging is heavily influenced by governmental regulations. Packaging materials and practices are impacted by laws governing food safety, labelling requirements, and environmental standards, necessitating compliance with these laws as well as adaptation by businesses.
MARKET DYNAMICS
KEY DRIVERS:
Increase in e-commerce and D2C
High beverage consumption in developing countries
The per capita income in developing countries has seen growth. This has given a market for the beverage consumption and beverage packaging market. The total value of the beer market was $95 Bn in 2020. The changing lifestyle and increased youth population increased beverage consumption, also giving rise to the beverage packaging market.
RESTRAIN:
Consumer acceptance for new packaging designs
Government rules & regulation
Materials used for packaging are harming the environment. Governments have imposed strict laws regarding beverage packaging.
OPPORTUNITY:
Market Expansion in emerging economies.
Green Packaging, use of biodegradable raw materials
Consumers are concerned about the environment and are moving towards, sustainable substitutes over traditionally packaged products. According to a survey in the US, 70% of people are ready to pay increased prices for recycled products. The use of biopolymers can be increased in production which is obtained from corn-starch, and vegetables.
CHALLENGES:
Increased cost due to technological advancements
Sustainable packaging requires technology and high-quality research and development which increase the price of the final product. This affects the overall profitability of the industry and the growth of the beverage packaging market.
IMPACT OF RUSSIAN UKRAINE WAR
The Russian economy has gotten worse since the start of the war in Ukraine and the imposition of significant economic sanctions at the end of February and the beginning of March 2022. In 2022, it is anticipated that Russia's consumer spending, which accounts for 47% of the nation's GDP, drastically declined. Consumers are being compelled to alter their buying habits and choose more affordable options as a result of declining incomes. Freedom restrictions, severe penalties, rising inflation, declining disposable incomes, and rising unemployment are all contributing to an increase in emigration. Decreased Consumer spending has affected less production of beverage packaging. Less import and export of raw materials due to trade disruptions.
Beer must be packaged in regular and mini bottles, both of which need glasses. The main suppliers of this material were forced to increase their prices for their clients as a result of the energy surcharges brought on by the interruption of the Russian supply. This increase is also being applied by other glass suppliers like Algeria and the United States. Prices of raw material increased such as aluminium, due to the prohibition on trade of aluminium by Russia.
Paper is the key material for packaging of beverages, it consumes a total 4% of world energy.
IMPACT OF COVID-19
Covid-19 has boosted the metal beverage packaging market, due to the rise in the growth of the population for beverage consumption. However, there covid-19 affected the overall beverage packaging market. The global beverage packaging market reached, $110.2 Bn in 2020, which was $ 4.5 Bn less as compared to the previous year. Due to the pandemic, people were forced to stay at home, which increased demand for food and beverages as people were stocking the food and beverages, which boosted the beverage packaging market.
Also, due to covid-19, people have adopted a healthy lifestyle, which has given rise to the non-alcoholic beverage market.
Online sales of alcohol increased by 234% in the US in March 2020 when compared to the same month the year before. Australia reports that online sales have increased by more than 450 % since the start of COVID-19 compared to the same time last year.
During the first week following the lockdown, online sales in the UK increased by more than 40% from the corresponding week in 2019. Overall, due to covid-19 there has been growth in the beverage consumptions giving rise to beverage packaging market.
KEY MARKET SEGMENTS
By Raw Material
By Product Type
Liquid Cartons
Plastic Bottles
Glass Bottles
Cans
Pouches
Others
By Application
Alcoholic
Non-Alcoholic
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REGIONAL ANALYSIS
The Asia-Pacific region will hold the largest market share in the beverage packaging market, due to an increase in demand for beverages such as cooldrinks, beers, and others. The rising per capita income in developing countries is generating more demand for beverages, contributing to the growth of the beverage packaging market.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
South Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of the Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin American
Key players List-
Some major key players in the beverage packaging market are Saint-Gobain S.A, Reynolds Group Holdings Limited, Crown Holdings Inc, Ball Corporation, Orora Packaging Australia Pty Ltd, Berry Global Inc, Intrapac International Corporation, Amcor Limited, Owens-Illinois Inc, BA Glass Germany GmbH, and other players.
Reynolds Group Holdings Limited-Company Financial Analysis
RECENT DEVELOPMENT
According to the news on 15 February 2023, the Indian beverage industry moving towards green packaging stating that it is a need of today’s industry.
Tethered caps for SIG's beverage cartons will be introduced in Europe in the second half of 2021, far ahead of the July 2024 deadline imposed by EU regulations.
| Report Attributes | Details |
| Market Size in 2022 | US$ 155.8 Bn |
| Market Size by 2030 | US$ 233.7 Bn |
| CAGR | CAGR of 5.2 % From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Raw Material (Plastic, Metal, Glass, Paper & Paperboard) • By Product Type (Liquid Cartons, Plastic Bottles, Glass Bottles, Cans, Pouches, Others) • By Application (Alcoholic, Non-Alcoholic) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Saint-Gobain S.A, Reynolds Group Holdings Limited, Crown Holdings Inc, Ball Corporation, Orora Packaging Australia Pty Ltd, Berry Global Inc, Intrapac International Corporation, Amcor Limited, Owens-Illinois Inc, BA Glass Germany GmbH, and other players |
| Key Drivers | • Increase in e-commerce and D2C • High beverage consumption in developing countries |
| Market Opportunities | • Market Expansion in emerging economies. • Green Packaging, use of biodegradable raw materials |
Ans: Beverage Packaging Market is expected to grow at a CAGR of 5.2 % over the forecast period of 2023-2030.
Ans: The Beverage Packaging Market size was USD 155.8 Bn in 2022 and is expected to Reach USD 233.72 Bn by 2030.
Ans: Major key players in the beverage packaging market are Saint-Gobain S.A, Reynolds Group Holdings Limited, Crown Holdings Inc, Ball Corporation, Orora Packaging Australia Pty Ltd, Berry Global Inc, Intrapac International Corporation, Amcor Limited, Owens-Illinois Inc, BA Glass Germany GmbH.
Ans: High beverage consumption in developing countries is major key driver for the growth of beverage packaging market.
Ans: Asia Pacific region is dominating the Beverage Packaging Market, because of large demand for beverages from the emerging economies.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of Russia-Ukraine War
4.2 Impact of Covid-19
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Beverage Packaging MarketSegmentation, By Raw Material
8.1 Plastic
8.2 Metal
8.3 Glass
8.4 Paper & Paperboard
9. Beverage Packaging MarketSegmentation, By Product Type
9.1 Liquid Cartons
9.2 Plastic Bottles
9.3 Glass Bottles
9.4 Cans
9.5 Pouches
9.6 Others
10. Beverage Packaging Market Segmentation, By Application
10.1 Alcoholic
10.2 Non-Alcoholic
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Beverage Packaging Market by Country
11.2.2North America Beverage Packaging Market By Raw Material
11.2.3 North America Beverage Packaging Market By Product Type
11.2.4 North America Beverage Packaging Market By Application
11.2.6 USA
11.2.6.1 USA Beverage Packaging Market By Raw Material
11.2.6.2 USA Beverage Packaging Market By Product Type
11.2.6.3 USA Beverage Packaging Market by Application
11.2.7 Canada
11.2.7.1 Canada Beverage Packaging Market By Raw Material
11.2.7.2 Canada Beverage Packaging Market By Product Type
11.2.7.3 Canada Beverage Packaging Market By Application
11.2.8 Mexico
11.2.8.1 Mexico Beverage Packaging Market By Raw Material
11.2.8.2 Mexico Beverage Packaging Market By Product Type
11.2.8.3 Mexico Beverage Packaging Market By Application
11.3 Europe
11.3.1 Europe Beverage Packaging Market by Country
1.3.3.2 Europe Beverage Packaging Market By Raw Material
11.3.3 Europe Beverage Packaging Market By Product Type
11.3.4 Europe Beverage Packaging Market By Application
11.3.6 Germany
11.3.6.1 Germany Beverage Packaging Market By Raw Material
11.3.6.2 Germany Beverage Packaging Market By Product Type
11.3.6.3 Germany Beverage Packaging Market By Application
11.3.7 UK
11.3.7.1 UK Beverage Packaging Market By Raw Material
11.3.7.2 UK Beverage Packaging Market By Product Type
11.3.7.3 UK Beverage Packaging Market By Application
11.3.8 France
11.3.8.1 France Beverage Packaging Market By Raw Material
11.3.8.2 France Beverage Packaging Market By Product Type
11.3.8.3 France Beverage Packaging Market By Application
11.3.9 Italy
11.3.9.1 Italy Beverage Packaging Market By Raw Material
11.3.9.2 Italy Beverage Packaging Market By Product Type
11.3.9.3 Italy Beverage Packaging Market By Application
11.3.10 Spain
11.3.10.1 Spain Beverage Packaging Market By Raw Material
11.3.10.2 Spain Beverage Packaging Market By Product Type
11.3.10.3 Spain Beverage Packaging Market By Application
11.3.11 The Netherlands
11.3.11.1 Netherlands Beverage Packaging Market By Raw Material
11.3.11.2 Netherlands Beverage Packaging Market By Product Type
11.3.11.3 Netherlands Beverage Packaging Market By Application
11.3.11 Rest of Europe
11.3.11.1 Rest of Europe Beverage Packaging Market By Raw Material
11.3.11.2 Rest of Europe Beverage Packaging Market By Product Type
11.3.11.3 Rest of Europe Beverage Packaging Market By Application
11.4 Asia-Pacific
11.4.1 Asia Pacific Beverage Packaging Market by Country
11.4.2 Asia Pacific Beverage Packaging Market By Raw Material
11.4.3 Asia Pacific Beverage Packaging Market By Product Type
11.4.4Asia Pacific Beverage Packaging Market By Application
11.4.6 Japan
11.4.6.1 Japan Beverage Packaging Market By Raw Material
11.4.6.2 Japan Beverage Packaging Market By Product Type
11.4.6.3 Japan Beverage Packaging Market By Application
11.4.7 South Korea
11.4.7.1 South Korea Beverage Packaging Market By Raw Material
11.4.7.2 South Korea Beverage Packaging Market By Product Type
11.4.7.3 South Korea Beverage Packaging Market By Application
11.4.8 China
11.4.8.1 China Beverage Packaging Market By Raw Material
11.4.8.2 China Beverage Packaging Market By Product Type
11.4.8.3 China Beverage Packaging Market By Application
11.4.9 India
11.4.9.1 India Beverage Packaging Market By Raw Material
11.4.9.2 India Beverage Packaging Market By Product Type
11.4.9.3 India Beverage Packaging Market By Application
11.4.10 Australia
11.4.10.1 Australia Beverage Packaging Market By Raw Material
11.4.10.2 Australia Beverage Packaging Market By Product Type
11.4.10.3 Australia Beverage Packaging Market By Application
11.4.11 Rest of Asia-Pacific
11.4.11.1 APAC Beverage Packaging Market By Raw Material
11.4.11.2 APAC Beverage Packaging Market By Product Type
11.4.11.3 APAC Beverage Packaging Market By Application
11.5 The Middle East & Africa
11.5.1 The Middle East & Africa Beverage Packaging Market by Country
11.5.2 The Middle East & Africa Beverage Packaging Market By Raw Material
11.5.3 The Middle East & Africa Beverage Packaging Market By Product Type
11.5.4The Middle East & Africa Beverage Packaging Market By Application
11.5.6 Israel
11.5.6.1 Israel Beverage Packaging Market By Raw Material
11.5.6.2 Israel Beverage Packaging Market By Product Type
11.5.6.3 Israel Beverage Packaging Market By Application
11.5.7 UAE
11.5.7.1 UAE Beverage Packaging Market By Raw Material
11.5.7.2 UAE Beverage Packaging Market By Product Type
11.5.7.3 UAE Beverage Packaging Market By Application
11.5.8 South Africa
11.5.8.1 South Africa Beverage Packaging Market By Raw Material
11.5.8.2 South Africa Beverage Packaging Market By Product Type
11.5.8.3 South Africa Beverage Packaging Market By Application
11.5.9 Rest of Middle East & Africa
11.5.9.1 Rest of Middle East & Asia Beverage Packaging Market By Raw Material
11.5.9.2 Rest of Middle East & Asia Beverage Packaging Market By Product Type
11.5.9.3 Rest of Middle East & Asia Beverage Packaging Market By Application
11.6 Latin America
11.6.1 Latin America Beverage Packaging Market by Country
11.6.2 Latin America Beverage Packaging Market By Raw Material
11.6.3 Latin America Beverage Packaging Market By Product Type
11.6.4 Latin America Beverage Packaging Market By Application
11.6.6 Brazil
11.6.6.1 Brazil Beverage Packaging Market By Raw Material
11.6.6.2 Brazil Africa Beverage Packaging Market By Product Type
11.6.6.3 Brazil Beverage Packaging Market By Application
11.6.7 Argentina
11.6.7.1 Argentina Beverage Packaging Market By Raw Material
11.6.7.2 Argentina Beverage Packaging Market By Product Type
11.6.7.3 Argentina Beverage Packaging Market by By Application
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Beverage Packaging Market By Raw Material
11.6.8.2 Rest of Latin America Beverage Packaging Market By Product Type
11.6.8.3 Rest of Latin America Beverage Packaging Market By Application
12 Company Profile
12.1 Saint-Gobain S.A
12.1.1 Market Overview
12.1.2 Financials
12.1.3 Product/Services/Offerings
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Reynolds Group Holdings Limited
12.2.1 Market Overview
12.2.2 Financials
12.2.3 Product/Services/Offerings
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Crown Holdings Inc
12.3.1 Market Overview
12.3.2 Financials
12.3.3 Product/Services/Offerings
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Ball Corporation
12.4.1 Market Overview
12.4.2 Financials
12.4.3 Product/Services/Offerings
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Orora Packaging Australia Pty Ltd
12.5.1 Market Overview
12.5.2 Financials
12.5.3 Product/Services/Offerings
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Berry Global Inc
12.6.1 Market Overview
12.6.2 Financials
12.6.3 Product/Services/Offerings
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Intrapac International Corporation
12.7.1 Market Overview
12.7.2 Financials
12.7.3 Product/Services/Offerings
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Amcor Limited
12.8.1 Market Overview
12.8.2 Financials
12.8.3 Product/Services/Offerings
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Owens-Illinois Inc
12.9.1 Market Overview
12.9.2 Financials
12.9.3 Product/Services/Offerings
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 BA Glass Germany GmbH
12.10.1 Market Overview
12.10.2 Financials
12.10.3 Product/Services/Offerings
12.10.4 SWOT Analysis
12.10.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
14. USE Cases and Best Practices
15. Conclusion
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