The global beverage packaging market is projected to secure a valuation of USD 142.3 billion in 2024, with expectations to reach USD 194.3 billion by 2034. The industry is anticipated to experience a steady growth rate, with sales rising at a CAGR of 3.2% over the forecast period. The revenue generated by beverage packaging in 2023 was USD 138.6 billion, and the market is expected to exhibit a Y-o-Y growth of 2.7% in 2024.
Among various product types, bottles are the most prominently used format for beverage packaging, anticipated to hold nearly 70% of the market share through 2034. The convenience, durability, and versatility of bottles contribute significantly to their dominant position in the beverage industry. Bottles are particularly valued for their user-friendliness and portability, making them the preferred choice for on-the-go consumption.
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Glass bottles, in particular, are widely used in the beverage sector, especially for alcoholic and carbonated products. Their non-reactive properties and ability to preserve the quality of premium beverages make them the ideal packaging solution.
Key Highlights:
- The global beverage packaging market is estimated to reach USD 142.3 billion in 2024 and is projected to grow to USD 194.3 billion by 2034.
- The industry is expected to grow at a CAGR of 3.2% over the forecast period.
- Bottles are projected to hold almost 70% of the market share through 2034 due to their convenience, durability, and versatility.
- Glass bottles are preferred for premium alcoholic and carbonated products due to their preservation qualities.
Competitive Landscape
Several major competitors in the beverage packaging industry are making considerable investments in innovation, research, and development to explore new uses and improve existing offers. Using technology, these businesses focus safety, product quality, and customer pleasure in order to grow their consumer base.
To address sustainability demands, key beverage packaging producers are working on developing recycled material packaging as well as metal packaging. They are pursuing a merger and acquisition strategy to increase company resources and producing new items to fulfill customer demands.
Key Players of Beverage Packaging Industry
- Ardagh Group S.A.
- Owens-Illinois, Inc.
- Gerresheimer AG
- Toyo Seikan Group Holdings, Ltd.
- Saverglass SAS
- Vidrala S.A.
- Vitro, S.A.B. de C.V.
- Verallia
- Stoelzle Glass Group
- Ball Corporation
- Crown Holdings, Inc.
- Nampak Ltd.
- Silgan Containers LLC
- Berry Global, Inc.
- CPMC Holdings Ltd
- Kian Joo Can Factory Berhad
- Can-Pack SA
- Amcor Plc
Key Segments of Beverage Packaging Industry
By Material:
In terms of material, the industry is divided into up to glass, plastic, metal, and paper/paperboard. Plastic is further divided as polyethylene terephthalate (PET), polypropylene (PP), high-density polyethylene (HDPE), and low-density polyethylene (LDPE). Metal is further classified as aluminium and steel.
By Product Type:
In terms of product type, the industry is segregated into liquid cartons, beverage cans, bottles, and others (pouch, jars, kegs, etc.). Beverage cans are further classified as aluminium cans, and steel cans. Bottles are divide into glass bottles, plastic bottles, and aluminium bottles.
By Capacity:
In terms of capacity, the industry is segregated into up to 250 ml, 251 to 500 ml, 501 to 1000 ml, and above 1000 ml.
By Application:
The industry is classified by application as alcoholic drinks, and non-alcoholic drinks. Alcoholic drinks are classified as beer, wine, spirits, and other alcoholic beverages. Non-alcoholic drinks are subdivided as fruit juices, carbonated drinks/soda, RTD, milk products.
By Region:
Key countries of North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East and Africa (MEA), have been covered in the report.
