Beverage Packaging Market Trends

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

Base Year	2024
Forecast Year	2025-2037
CAGR	5.6%
Base Year Market Size (2024)	USD 95.06 billion
Forecast Year Market Size (2037)	USD 189.94 billion
Regional Scope	North America (U.S., and Canada) Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific) Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Latin America (Mexico, Argentina, Brazil, Rest of Latin America) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of beverage packaging is evaluated at USD 99.24 billion.

The 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. Rising consumption of cider and increment in the sales and production of beer will drive the market growth.

North America industry is poised to dominate majority revenue share by 2037, due to significant change in the perception of people toward social drinking and escalation in the wine consumption in the region.

The major players in the market include Amcor Limited, 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.

Beverage Packaging Market Trends