Business

Beverage Packaging Market to Grow At Rate of 6.4% Through 2030

Precedence Research recently published a report on “Beverage Packaging Market (By Material: Metal, Plastic, Glass, and Others; By Product: Bottles, Cans, Pouch, Carton, and Others; By Application: Alcoholic and Non-Alcoholic) – Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2021 – 2030”, the global beverage packaging market size is projected to hit USD 241.3 billion by 2030 from an estimated USD 129.8 billion in 2020, growing at a noteworthy CAGR of 6.4% from 2021 – 2030.

The market revenue/volume with the help of widespread quantitative and qualitative insights, and forecasts of the market. This report presents breakdown of market into forthcoming and niche segments. Additionally, this research study gauges market revenue growth and its drift at global, regional, and country from 2017 to 2030. This research report evaluates beverage packaging market on a global and regional level. It offers thorough analysis of market status, growth and forecast of the global beverage packaging market for the period from 2017 to 2030.

Crucial factors accountable for market growth are:

  • Rising global warming issues
  • Increased awareness regarding eco-friendly products among the consumers
  • Rapid growth of the beverages industry
  • Growing government initiatives to promote sustainable packaging
  • Growing demand for the PET bottles
  • Increasing demand for ready-to-drink beverages
  • Growing demand for on-the-go beverages is boosting the demand for cans
  • Increased consumption of alcoholic beverages

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Report Highlights

  • By material, the plastic segment is expected to witness highest CAGR during the forecast period. This is majorly attributed to the growing demand for the water-soluble plastics, compostable, recyclable, and bio-degradable plastics in the packaging industry across the globe.
  • By product, the bottles segment was the highest revenue contributor in the market in 2020. The increased preference for the packaging of alcoholic beverages to extend the shelf-life and the reusability feature of the glass bottles is a major driver of the segment growth.
  • By application, the non-alcoholic beverages segment is expected to be the most opportunistic market owing to the growing preference of various functional beverages among the consumers. Moreover, the rising demand for health drinks and on-the-go consumption trends are fueling the segment growth.

Recent Developments

  • In December 2020, the Amcor Group entered into a joint venture with Nutrea to provide orange juice in recyclable bottles in two different sizes.

Scope of the Beverage Packaging Market Report

Report Coverage Details
Market Size in 2020 US$ 129.8 billion
Growth Rate CAGR of 6.4%
Fastest Growing Market North America
Largest Market Asia Pacific
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Product Type, Application Type, Material Type, Region Type

Scope of the Study

This beverage packaging market report studies market dynamics, status and outlook especially in North America, Europe and Asia-Pacific, Latin America, Middle East and Africa. This research report offers scenario and forecast (revenue/volume), and categorizes market by players, type, application, and region. This report also studies global market prominence, competitive landscape, market share, growth rate market dynamics such as drivers, restraints and opportunities, and distributors and sales channel.

This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers competitive scenario which comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

Key Players:

This report also provides detailed company profiles of the key market players. This research report also highlights the competitive landscape of the beverage packaging market and ranks noticeable companies as per their occurrence in diverse regions across globe and crucial developments initiated by them in the market space. This research study also tracks and evaluates competitive developments, such as collaborations, partnerships, and agreements, mergers and acquisitions; novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.

Some of the prominent players in the beverage packaging market include:

  • Mondi Plc
  • Amcor Plc
  • RPC Group
  • Tetra Laval International
  • Crown Holdings, Inc.
  • Saint-Gobain S.A.
  • Sonoco Products Company
  • Ball Corporation
  • Ardagh Group S.A.
  • Berry Global, Inc.
  • Vidrala S.S

Segments Covered in the Report

By Material

  • Metal
  • Plastic
  • Glass
  • Others

By Product

  • Bottles
  • Cans
  • Pouch
  • Carton
  • Others

By Application

  • Alcoholic Beverage
  • Non-Alcoholic Beverage

By Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World

Regional Snapshots

Asia Pacific dominated the global beverage packaging market in 2020 and is expected to retain its dominance during the forecast period. The demand for the different beverages is higher in the region owing to the high population. Therefore, the higher production of beverages requires higher volume of packaging materials. Further, the rising disposable income of the consumers coupled with the lack of adequate volume of drinkable water is boosting the demand for the packaged drinking water in the region. The adoption of automation in the production of packaging materials is boosting the growth of the beverage packaging industry in the region.

North America is estimated to be the fastest-growing market. This is attributed to the rising investments to develop eco-friendly packaging solutions. The rising demand for the paper-based, recyclable, and bi-degradable packaging materials is driving the growth of the North America beverage packaging market. Further, the higher consumption of non-alcoholic beverages in the region is significantly boosting the demand for the beverage packaging in the region.

Key Points Covered in beverage packaging market Study:

  • Growth of beverage packaging in 2021
  • Market Estimates and Forecasts (2017-2030)
  • Brand Share and Market Share Analysis
  • Key Drivers and Restraints Shaping Market Growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Recommendation on Key Winning Strategies
  • COVID-19 Impact on Demand for beverage packaging and How to Navigate
  • Key Product Innovations and Regulatory Climate
  • beverage packagingConsumption Analysis
  • beverage packaging Production Analysis
  • beverage packaging and Management

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics

5.1.1. Market Drivers

5.1.2. Market Restraints

5.1.3. Market Opportunities

5.2. Porter’s Five Forces Analysis

5.2.1. Bargaining power of suppliers

5.2.2. Bargaining power of buyers

5.2.3. Threat of substitute

5.2.4. Threat of new entrants

5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis

6.1.2. Key Strategies Adopted by Players

6.1.3. Vendor Landscape

6.1.3.1. List of Suppliers

6.1.3.2. List of Buyers

Chapter 7. Global Beverage Packaging Market, By Product

7.1. Beverage Packaging Market, by Product Type, 2021-2030

7.1.1. Bottles

7.1.1.1. Market Revenue and Forecast (2019-2030)

7.1.2. Cans

7.1.2.1. Market Revenue and Forecast (2019-2030)

7.1.3. Pouch

7.1.3.1. Market Revenue and Forecast (2019-2030)

7.1.4. Carton

7.1.4.1. Market Revenue and Forecast (2019-2030)

7.1.5. Others

7.1.5.1. Market Revenue and Forecast (2019-2030)

Chapter 8. Global Beverage Packaging Market, By Application

8.1. Beverage Packaging Market, by Application, 2021-2030

8.1.1. Alcoholic Beverage

8.1.1.1. Market Revenue and Forecast (2019-2030)

8.1.2. Non-Alcoholic Beverage

8.1.2.1. Market Revenue and Forecast (2019-2030)

Chapter 9. Global Beverage Packaging Market, By Material 

9.1. Beverage Packaging Market, by Material, 2021-2030

9.1.1. Metal

9.1.1.1. Market Revenue and Forecast (2019-2030)

9.1.2. Plastic

9.1.2.1. Market Revenue and Forecast (2019-2030)

9.1.3. Glass

9.1.3.1. Market Revenue and Forecast (2019-2030)

9.1.4. Others

9.1.4.1. Market Revenue and Forecast (2019-2030)

Chapter 10. Global Beverage Packaging Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Forecast, by Product (2019-2030)

10.1.2. Market Revenue and Forecast, by Application (2019-2030)

10.1.3. Market Revenue and Forecast, by Material (2019-2030)

10.1.4. U.S.

10.1.4.1. Market Revenue and Forecast, by Product (2019-2030)

10.1.4.2. Market Revenue and Forecast, by Application (2019-2030)

10.1.4.3. Market Revenue and Forecast, by Material (2019-2030)

10.1.5. Rest of North America

10.1.5.1. Market Revenue and Forecast, by Product (2019-2030)

10.1.5.2. Market Revenue and Forecast, by Application (2019-2030)

10.1.5.3. Market Revenue and Forecast, by Material (2019-2030)

10.2. Europe

10.2.1. Market Revenue and Forecast, by Product (2019-2030)

10.2.2. Market Revenue and Forecast, by Application (2019-2030)

10.2.3. Market Revenue and Forecast, by Material (2019-2030)

10.2.4. UK

10.2.4.1. Market Revenue and Forecast, by Product (2019-2030)

10.2.4.2. Market Revenue and Forecast, by Application (2019-2030)

10.2.4.3. Market Revenue and Forecast, by Material (2019-2030)

10.2.5. Germany

10.2.5.1. Market Revenue and Forecast, by Product (2019-2030)

10.2.5.2. Market Revenue and Forecast, by Application (2019-2030)

10.2.5.3. Market Revenue and Forecast, by Material (2019-2030)

10.2.6. France

10.2.6.1. Market Revenue and Forecast, by Product (2019-2030)

10.2.6.2. Market Revenue and Forecast, by Application (2019-2030)

10.2.6.3. Market Revenue and Forecast, by Material (2019-2030)

10.2.7. Rest of Europe

10.2.7.1. Market Revenue and Forecast, by Product (2019-2030)

10.2.7.2. Market Revenue and Forecast, by Application (2019-2030)

10.2.7.3. Market Revenue and Forecast, by Material (2019-2030)

10.3. APAC

10.3.1. Market Revenue and Forecast, by Product (2019-2030)

10.3.2. Market Revenue and Forecast, by Application (2019-2030)

10.3.3. Market Revenue and Forecast, by Material (2019-2030)

10.3.4. India

10.3.4.1. Market Revenue and Forecast, by Product (2019-2030)

10.3.4.2. Market Revenue and Forecast, by Application (2019-2030)

10.3.4.3. Market Revenue and Forecast, by Material (2019-2030)

10.3.5. China

10.3.5.1. Market Revenue and Forecast, by Product (2019-2030)

10.3.5.2. Market Revenue and Forecast, by Application (2019-2030)

10.3.5.3. Market Revenue and Forecast, by Material (2019-2030)

10.3.6. Japan

10.3.6.1. Market Revenue and Forecast, by Product (2019-2030)

10.3.6.2. Market Revenue and Forecast, by Application (2019-2030)

10.3.6.3. Market Revenue and Forecast, by Material (2019-2030)

10.3.7. Rest of APAC

10.3.7.1. Market Revenue and Forecast, by Product (2019-2030)

10.3.7.2. Market Revenue and Forecast, by Application (2019-2030)

10.3.7.3. Market Revenue and Forecast, by Material (2019-2030)

10.4. MEA

10.4.1. Market Revenue and Forecast, by Product (2019-2030)

10.4.2. Market Revenue and Forecast, by Application (2019-2030)

10.4.3. Market Revenue and Forecast, by Material (2019-2030)

10.4.4. GCC

10.4.4.1. Market Revenue and Forecast, by Product (2019-2030)

10.4.4.2. Market Revenue and Forecast, by Application (2019-2030)

10.4.4.3. Market Revenue and Forecast, by Material (2019-2030)

10.4.5. North Africa

10.4.5.1. Market Revenue and Forecast, by Product (2019-2030)

10.4.5.2. Market Revenue and Forecast, by Application (2019-2030)

10.4.5.3. Market Revenue and Forecast, by Material (2019-2030)

10.4.6. South Africa

10.4.6.1. Market Revenue and Forecast, by Product (2019-2030)

10.4.6.2. Market Revenue and Forecast, by Application (2019-2030)

10.4.6.3. Market Revenue and Forecast, by Material (2019-2030)

10.4.7. Rest of MEA

10.4.7.1. Market Revenue and Forecast, by Product (2019-2030)

10.4.7.2. Market Revenue and Forecast, by Application (2019-2030)

10.4.7.3. Market Revenue and Forecast, by Material (2019-2030)

10.5. Latin America

10.5.1. Market Revenue and Forecast, by Product (2019-2030)

10.5.2. Market Revenue and Forecast, by Application (2019-2030)

10.5.3. Market Revenue and Forecast, by Material (2019-2030)

10.5.4. Brazil

10.5.4.1. Market Revenue and Forecast, by Product (2019-2030)

10.5.4.2. Market Revenue and Forecast, by Application (2019-2030)

10.5.4.3. Market Revenue and Forecast, by Material (2019-2030)

10.5.5. Rest of LATAM

10.5.5.1. Market Revenue and Forecast, by Product (2019-2030)

10.5.5.2. Market Revenue and Forecast, by Application (2019-2030)

10.5.5.3. Market Revenue and Forecast, by Material (2019-2030)

Chapter 11. Company Profiles

11.1. Mondi Plc

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. Amcor Plc

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. RPC Group

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. Tetra Laval International

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. Crown Holdings, Inc.

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. Saint-Gobain S.A.

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. Sonoco Products Company

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. Ball Corporation

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. Ardagh Group S.A.

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. Berry Global, Inc.

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

11.11. Vidrala S.S

11.11.1. Company Overview

11.11.2. Product Offerings

11.11.3. Financial Performance

11.11.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

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Precedence Research

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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