The Beverage Packaging Market is projected to grow at a compound annual growth rate (CAGR) of 4.1% from its estimated valuation of USD 104.8 billion in 2022 to USD 156.7 billion by 2030. Beverage packaging ensures that drinks be delivered, stored, and preserved safely without sacrificing taste or quality.
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The market's industry trends are analyzed in the latest research study. Pricing analysis, patent analysis, conference and webinar materials, important players, and market purchasing behavior are all included in the new research report. Global demand and growth for beverage packaging will be fueled by the growing need for convenient packaging, knowledge of environmental issues, and demand for sustainable products.
Population growth and rising per capita incomes, particularly in emerging nations, have improved people's lifestyles and increased their use of packaged beverages, which has increased demand for more advanced and practical packaging methods. The beverage packaging industry's convenience factor—which contributes to cost savings and drives the market—allows for less waste during dispensing, resealability, portability, and light weight of the container.
Through Analysis of Applications :
- Alcoholic and non-alcoholic segments of the market are divided based on application. The beverage packaging industry's primary use worldwide is for non-alcoholic beverages. Fruit drinks, carbonated beverages, soft drinks, milk, smoothies, purees, and other liquids are packed in a lot of packing material. The market for energy drinks is expanding due in part to shifting consumer preferences and way of life changes.
- With a notable revenue share in 2022, the alcoholic segment dominated the worldwide beverage packaging market by application, and this trend is expected to continue throughout the forecast period. The expansion of the alcoholic beverage sector has had a significant impact on the growth of the beverage packaging business. The primary purpose of the packaging for alcoholic beverages is to prolong their shelf life. As a result, the alcoholic beverage industry uses glass bottles extensively.
The Beverage Packaging Industry: Principal Entities
Global key players of Global Beverage Packaging Market include Crown Holdings, Inc., Ardagh Group S.A., Ball Corporation, Gerresheimer AG, Berry Global Inc., Beatson Clark Ltd., Tetra Pak Group, Owens-Illinois, Inc., Toyo Seikan Group Holdings, Ltd., Silgan Containers LLC, Vidrala S.A., Nampak Ltd., BA Glass Germany GmbH, Orora Packaging Australia Pty Ltd., Frugal Limited, Green Creative, TIPA, and Bonito Packaging.
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This report on the beverage packaging market offers information on the latest advancements, trade laws, production analysis, value chain optimization, import-export analysis, market share, and the effects of localized and domestic market players. It also analyzes potential revenue opportunities and changes in market regulations, as well as market size, category market growth, application dominance and niches, product approvals, product launches, market expansions geographically, and technological innovations.
Beverage Packaging Market Segmentation :
On the basis of packaging material, the Beverage Packaging Market is bifurcated into:
- Glass
- Metal
- Plastic
- Paperboard
- Others
On the basis of beverage type, the market is segmented into:
- Alcoholic beverage
- Non-alcoholic beverage
- Others
On the basis of packaging type, the market is segmented into:
- Bottles
- Cans
- Carton
- Others (pouches and bag-in-box)
Important Market Trends and Features
- Beverage companies diversify their product lines to appeal to a wide range of consumers, and one of the most important factors affecting customer decisions is container design.
- For the beverage business to provide product safety, quality preservation, and lower risks, efficient packaging techniques are crucial.
- In beverage packaging, advanced ornamental techniques and digital printing have become more popular, allowing firms to effectively communicate their brand identity and preserve their products.
Volume and Market Size of the Beverage Packaging Market
- The beverage packaging market is divided into glass, plastics, metal, paperboard, and other materials.
- The beverage packaging market is divided into categories based on the kind of packaging used, including boxes, bottles, cartons, cans, pouches, jars, and others.
- The beverage packaging market is divided into categories based on application, including carbonated soft drinks, juices, alcoholic beverages, milk, water, energy drinks, and others.
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