Beverage Packaging Market Forecasts to 2028 – Global Analysis By Material (Metal, Glass, Paper, Plastic), Product (Bottles, Pouch, Beer Kegs, Can), Application (Alcoholic Beverages, Non-Alcoholic Beverages) and By Geography
According to Stratistics MRC, the Global Beverage Packaging Market is accounted for $141.05 billion in 2020 and is expected to reach $242.35 billion by 2028 growing at a CAGR of 7.0% during the forecast period. Factors such as increase in per capita incomes and rising beverage consumption in emerging economies are driving the growth of the market. However, stringent environmental legislations are hampering the growth of the market.
Beverage packaging is a substantial part of the beverage industry. The packaging of beverages is a complex process and the diversification of beverages such as alcoholic or non-alcoholic, require different materials and containers. Proper design and adoption of a beverage package extends the shelf life of the beverage, is convenient for the users, and saves the material costs regarding wastage.
Based on the material, the metal segment is anticipated to expand at a rapid pace during the forecast period owing to the resilience and convenience offered by metal packaging. By geography, Asia Pacific is going to have high growth during the forecast period due to the rise in population, high industrial growth, and urbanization in the region.
Some of the key players profiled in the Beverage Packaging Market include Mondi PLC, Amcor Limited, Tetra Laval International SA, Sonoco Products Company, Berry Global Inc, Crown Holdings Inc, Ball Corporation, RPC Group PLC, Owens-Illinois Inc, Vetropack Holding Ltd, Ardagh Group, CCL Container Inc, Vidrala SA, Silgan Containers LLC, and Verallia SA.
Estimated Market Size in 2020:
USD 141.05 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 242.35 billion
Tables, Graphs& Figures
Material, Type, Product, Application and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Paper & Paperboard
• Flexible Packaging
• Semi-Rigid Packaging
• Rigid Packaging
• Beer Kegs
• Caps & Closures
• Bulk & Draught Packaging
• Alcoholic Beverages
• Non-Alcoholic Beverages
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Beverage Packaging Market is majorly driven by increase in per capita incomes and rising beverage consumption in emerging economies.
The metal segment is growing at a highest CAGR owing to the convenience offered by metal packaging.
North America dominated with a significant market share due to the factors such as rising demand for ready-to-drink beverages and changing lifestyle of consumers across the region.
Asia Pacific market is growing at a highest CAGR owing to the rise in population, high industrial growth, and urbanization in the region.
Key players in Beverage Packaging Market include Mondi PLC, Amcor Limited, Tetra Laval International SA, Sonoco Products Company, Berry Global Inc, Crown Holdings Inc, Ball Corporation, RPC Group PLC, Owens-Illinois Inc, Vetropack Holding Ltd, Ardagh Group, CCL Container Inc, Vidrala SA, Silgan Containers LLC, and Verallia SA.
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