The global Beverage Packaging Market size was assessed to be USD 86.1 billion in 2020, and it is predicted that it will value about USD 133.3 billion by 2025 at a CAGR of 6% over the envisioned period. As the importance of maintaining the quality of content increases, effective packaging becomes necessary in the beverage industry.
Beverage packaging is a crucial part of the constantly growing drinks sector. It is a complex process and different materials and containers are required for a variety of beverages, such as alcohol or non-alcohol. Proper beverage package design and adoption extends the shelf life of beverages, is convenient for users, and saves material costs associated with waste. Also, the packaging materials used in beverages are glass, polymer, metal, cardboard, and combinations thereof. Depending on the shelf life of the beverage, the chemical composition of the beverage and the value of the beverage to be packaged, the use of other ingredients is determined.
The players in the beverage packaging industry are integrating smart systems to preserve the nutritional content of drinks, which is touted to fuel this business demand in the coming days.
REPORT COVERAGE:
|
REPORT METRIC |
DETAILS |
|
Market Size Available |
2019 – 2025 |
|
Base Year |
2019 |
|
Forecast Period |
2020 - 2025 |
|
CAGR |
6% |
|
Segments Covered |
By Technology, Application, Form and Region |
|
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
Saint-Gobain S.A., Tetra Laval International S.A., Stora Enso Oyj, Owens-Illinois, Inc, Crown Holdings, Inc, Rexam PLC, Ball Corporation, Mondi PLC, Amcor Limited, Reynolds Group Holdings Limited, Alcoa Inc and Others. |
The beverage packaging market is primarily driven by rising disposable incomes for the middle-class population, along with rising beverage consumption in emerging countries. Current market trends are witnessing a growing trend in demand for beverages. Therefore, the market shows a brilliant opportunity for the beverage packaging industry. Additionally, market growth is accelerating as consumer health awareness, the development of new packaging materials, the recycling infrastructure for packaging materials, and consumer convenience increase. Major beverage packaging providers are focusing on acquiring local businesses to expand their business worldwide. As the interest for the expanded timeframe of realistic usability builds, drink producers have concentrated on creating practical and tough bundling arrangements that can lessen capacity expenses and supplement the refreshment bundling market. Changes in consumer preferences increase the usefulness of packaging materials to improve barriers to resistance, aroma retention, insulation, sealing, and moisture. As the demand for small packages has exploded, the demand for flexible bags and pouches has increased significantly. By integrating active and intelligent systems in beverage packaging, you can ensure a remarkable boost in the market. The hike in disposable income has promoted the demand for alcoholic drinks as the call for premium products raises. The global beverage packaging market is in high demand in the alcoholic and non-alcoholic beverages sector of emerging economies. The general market is also seeing growth due to the growing demand for functional beverages.
Due to the rapid urbanization of developing countries and the expansion of the middle-class population, lifestyles, such as increased drinking water, are changing. The development of the beverage packaging market is recognized as a major investment in technological expansion and upgrades. Low-cost drinks around the world need to be packaged in a certain way to enhance the character and aroma of the drink. Additionally, package design advertising is expected to increase overall demand and popularity with the ability to be easily transported. Today, beverage packaging companies focus on safely transporting devices that transport certain beverages to various retail outlets and displaying or stacking them in an attractive way to distinguish them from other brands on the market. Beverage packaging must also ensure that the maximum quantity can be transported on a particular trip without creating the possibility of leakage or product damage due to consumption. Today, the Internet savvy generation demands innovation in the packaging of almost any product, and this also applies to the drinks it consumes. The introduction of bio-plastics for beverage packaging and the development of plastic substitutes are expected to create favourable opportunities for growth in the beverage packaging market. The bio-plastic alternative, also known as bio-PET, is a polymer made from plant-based materials instead of petroleum-based materials. This allows bio-PET containers to decompose and reduce plastic contamination.
Strict environmental regulations related to the use of packaging materials can hinder the growth of the market. Due to strict environmental regulations, there is a growing demand for recyclable and environmentally friendly packaging materials. The ecological interest in the implementation of plastics, paper and metals as essential material for beverage packaging is a major concern of the packaging industry. In addition to the ecological problem, fluctuations in import tariffs as a result of trade wars are disrupting the international market.
Geographically, the Asia-Pacific region is expected to rank higher than other regions in the global beverage packaging market as the population grows. Increased beverage consumption and the benefits of using plastic packaging, such as easy disposal, a variety of packaging, and lightweight, can drive the growth of the beverage packaging market worldwide in the region. The Asia-Pacific region is highly likely to develop in the most promising countries. As the main manufacturing is done in China, the market represents almost 75% of retail packaging. In the Asia-Pacific region, the demand for beverages and therefore the demand for beverage containers is expected to grow faster due to increased imports and population movements in major countries such as rural areas, urban, Chinese and Japanese. India. Changes in lifestyle and the growing young population increase the demand for brands and packaging materials. At the same time, increased health awareness and an increased interest in environmental sustainability have revolutionized beverage packaging in the region. Furthermore, demand is increasing due to the consumption of mobile devices in countries such as India, China and Japan. In China and India, two countries with a large population, the demand for beverages is always higher and leads the beverage packaging market. North America is set to record the highest CAGR during the forecast period. The strong manufacturing base of global producers is expected to drive demand for plastic packaging. In addition, the rapid expansion of the North American beverage industry, due to the consumer's "moving" lifestyle, is likely to fuel regional market growth in the coming years.
The impact of Covid-19 pandemic has been felt in different verticals and beverage packaging is among one of those. With the extended lockdown in countries and shut down in industries, the revenue in the industry has seen the floor. The same trend is foreseen to continue in the future as consumers across the world would prefer to purchase fewer products from outside.
Key Players in the Market:
Major Key Players in the Global Beverage Packaging Market are
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Type
5.1.1 Introduction
5.1.2 Bottle
5.1.3 Can
5.1.4 Pouch
5.1.5 Carton
5.1.6 Y-o-Y Growth Analysis, By Type
5.1.7 Market Attractiveness Analysis, By Type
5.1.8 Market Share Analysis, By Type
5.2 Material
5.2.1 Introduction
5.2.2 Glass
5.2.3 Plastic
5.2.4 Metal
5.2.5 Paperboard
5.2.6 Y-o-Y Growth Analysis, By Material
5.2.7 Market Attractiveness Analysis, By Material
5.2.8 Market Share Analysis, By Material
5.3 Application
5.3.1 Introduction
5.3.2 Alcoholic
5.3.3 Non-Alcoholic
5.3.4 Dairy
5.3.5 Y-o-Y Growth Analysis, By Application
5.3.6 Market Attractiveness Analysis, By Application
5.3.7 Market Share Analysis, By Application
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Type
6.1.3.3 By Material
6.1.3.4 By Application
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Type
6.1.4.3 By Material
6.1.4.4 By Application
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Type
6.1.5.3 By Material
6.1.5.4 By Application
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7.Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 Saint-Gobain S.A.
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Tetra Laval International S.A.
8.3 Stora Enso Oyj
8.4 Owens-Illinois, Inc.
8.5 Crown Holdings, Inc.
8.6 Rexam PLC
8.7 Ball Corporation
8.8 Mondi PLC
8.9 Amcor Limited
8.10 Reynolds Group Holdings Limited
8.11 Alcoa Inc.
9.Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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