According to a new research report by Precedence Research, The Beverage Packaging Market size is forecast to exceed US$ 241.3 billion by 2030 from USD 129.8 billion in 2020 and is expected to grow at the highest CAGR of 6.4% from 2021-2030. The report offers an up-to-date analysis regarding the current market scenario, latest trends, key drivers, potential challenges, profitability graph and the overall market environment.
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
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.
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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 |
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.
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.
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
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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