Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Beverage Packaging Market size was valued at USD 95.06 billion in 2024 and is likely to exceed USD 189.94 billion by the end of 2037, expanding at over 5.6% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of beverage packaging is evaluated at USD 99.24 billion.
The growth of the market can primarily be ascribed to the growing demand for spirits alcohol across the globe. As of 2021, around 4% of the spirits alcohol was consumed while approximately 15 billion liters of spirits were sold out globally.
Global beverage packaging trends such as, rising disposable income across the globe are projected to influence the growth of the market positively over the forecast period. World Bank published a report showing that the adjusted net national income dropped to about USD 8,784 per capita in 2020. Additionally, the growing inclination of the global population toward soft drinks and rising innovation in beverage packaging methods are further anticipated to push the growth of the market during the forecast period. For instance, the soft drink segment was projected to generate total revenue of approximately USD 3 billion. Therefore, all these factors are projected to propel the growth of the market over the forecast period.
Beverage Packaging Sector: Growth Drivers and Challenges
Growth Drivers
- Rising Consumption of Cider to Boost the Market Growth- As of 2020, it was observed that around 10% of cider was taken by the population living in the North America region.
- Cider is one of the highly consumed liquids and gets fitted in the definition of a beverage since it is a liquid intended for human consumption. Cider is typically made by expressing apples and pears. Cider comprises polyphenols that are helpful for the human body to prevent certain types of heart diseases, diabetes, and cancer. Additionally, it also helps the body to fight against inflammation and cell damage. Hence, the consumption of cider is very high and is estimated to boost the growth of the market over the forecast period.
- Growing Sales of Bottled Water - It was estimated that in 2019, around 14 billion gallons of bottled water sold out up from nearly 12 billion gallons in 2018.
- Increment in the Sales and Production of Beer - In 2021, around 1.8 billion hectoliters of beer were produced which was an increase from 1 billion hectoliters in 2018.
- Increasing Awareness Toward Environment Change - Based on the data released by the United States Environment Protection Agency (EPA), it was stated that in 2018, nearly 292.4 million tons of municipal solid waste (MSW) was produced per person.
Challenges
- Presence of Alternatives in the Market
- Disrupted Supply-Chain on account of COVID-19
- Requirement for Higher Initial Investment
Beverage Packaging Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
5.6% |
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Base Year Market Size (2024) |
USD 95.06 billion |
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Forecast Year Market Size (2037) |
USD 189.94 billion |
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Regional Scope |
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Beverage Packaging Segmentation
Product Type (Dairy, Alcoholic, Non-Alcoholic Beverage)
The global beverage packaging market is segmented and analyzed for demand and supply by product type into dairy, alcoholic, and non-alcoholic beverage, out of which, the dairy segment is projected to witness noteworthy growth over the forecast period. The growth of the segment can be accounted to the higher consumption and distribution of dairy products across the globe. For instance, in 2020, the production of milk was estimated to reach approximately 900 million tonnes.
Our in-depth analysis of the global beverage packaging market includes the following segments:
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By Packaging Type |
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By Material |
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By Product Type |
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Customize this ReportBeverage Packaging Industry - Regional Synopsis
Regionally, the global beverage packaging market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in North America region is projected to hold the largest market share by the end of 2037. The growth of the market can be attributed to the significant change in the perception of people toward social drinking and escalation in the wine consumption. For instance, in 2020, the gross production of wine was projected to reach approximately 690 million gallons in the USA which was further estimated to be about 8% of the wine production across the globe. All these factors are expected to propel the market growth in the region over the forecast period.
Companies Dominating the Beverage Packaging Landscape
- Amcor Limited
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- CPMC Holdings Limited
- O-I Glass, Inc.
- Toyo Seikan Group Holdings, Ltd.
- Crown Holdings, Inc
- Vidrala, S.A.
- Ardagh Group S.A.
- Ball Corporation
- Tetra Pak Group
- Verallia Group
In the News
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Ardagh Group S.A.’s unit Ardagh Glass Packaging to collaborate with B&B Studio and Belvoir Farm. The collaboration of these companies took place to manufacture a new line of glass bottles for non-alcoholic and sophisticated sodas.
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Amcor Limited to be recognized by two accolades for its sustainable packaging innovation. The company has been awarded a silver award and a Design Award (PIDA) at the 2022 Australasian Packaging Innovation.
Author Credits: Abhishek Anil
- Report ID: 4487
- Published Date: Oct 11, 2024
- Report Format: PDF, PPT
