Beverage Packaging Market

Beverage Packaging Market by Packaging Type (Bottle, Can, Carton, Pouch, Other Packaging Type), by Material Type (Metal, Plastic, Glass, Paper & paperboard, Other material type), by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)

Frequently Asked Questions

  • What is the global demand for Beverage Packaging in terms of revenue?

    The global Beverage Packaging valued at 140 Billion in 2020 and is expected to reach 190 Billion in 2028 growing at a CAGR of 5.1%%

  • Which are the prominent players in the market?

    The prominent players in the market are Amcor Group GmbH O-I Glass, Inc., Crown Holdings, Inc, Ardagh Group S.A., Verallia SA, Tetra Pak Group, Ball Corporation, Vidrala S.A..

  • At what CAGR is the market projected to grow within the forecast period?

    The market is project to grow at a CAGR of 5.1%% between 2021 and 2028.

  • What are the driving factors fueling the growth of the market.

    The driving factors of the Beverage Packaging include

    • The increasing health awareness among youths has increased the demand for packaged juices, energy drinks, and health drinks, providing immense opportunities for manufacturers to increase their sales. Furthermore, the increase in tourism, easy availability of bottled water, and preference for a healthy lifestyle on-the-go have also increased the demand for bottled water and flavored water infused with vitamins, natural flavors, or nature-identical flavoring substances such as basil, lemon, mint, orange, hibiscus, and fruits.
    • The increasing awareness of environmental safety among consumers and the rising adoption of eco-friendly products provide manufacturers of beverage packing products with immense opportunities. According to a study conducted by National Retail Federation, 69% of participants in North America are ready to pay a premium price for recycled products, while 80% of participants want to know the origin of products they buy. Bioplastics are polymers obtained from renewable sources, such as corn starch, woodchips, vegetables, and fatty oils.

  • Which region accounted for the largest share in the market?

    Asia Pacific was the leading regional segment of the Beverage Packaging in 2020.

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