Beverage Packaging Market Segmentation:
Packaging Type Segment Analysis
The bottles & jars segment is anticipated to capture around 63% share of beverage packaging during the forecast period, owing to their convenience, versatility, and compatibility with a wide range of beverages. In October 2023, Bisleri and Kinley (Coca-Cola) launched lightweight, recyclable PET bottles for their bottled water products in India, adopting sustainability and increasing demand for eco-friendliness in hydration. Bottles and jars remain the preference of both carbonated and non-carbonated drinks, with high shelf presence and resealability. The growth of the segment is also enhanced by ongoing light-weighting and material reduction technology. As brands seek to differentiate and meet regulations, bottles and jars will lead the packaging space.
Material Segment Analysis
The plastic segment is projected to account for a 37.5% share of the beverage packaging market by 2034, driven by its flexibility, value, and bulk production capabilities. In May 2024, PepsiCo increased the level of recycled PET in its soft drink bottles in India and Southeast Asia to meet government demands and consumer demand for greener packaging. Plastic remains the material of choice for light, shatter-resistant, and lightweight beverage containers, especially in emerging economies. Companies are investing in end-of-life recycling technology to close the loop and reduce their reliance on virgin plastic.
Our in-depth analysis of the beverage packaging market includes the following segments:
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