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The beverage packaging market size is valued to increase by USD 75.07 billion, at a CAGR of 4.95% from 2023 to 2028. Rising consumption of bottled water will drive the beverage packaging market.
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The market encompasses a diverse range of solutions, including tamper-evident packaging, shelf-life extension, product protection through high-barrier packaging, and lightweight design. Notably, the adoption of high-barrier packaging has led to a 25% reduction in product spoilage, resulting in significant cost savings for beverage manufacturers. Furthermore, the shift towards compostable and recyclable packaging has improved ROI by aligning with evolving consumer preferences and regulatory compliance requirements. In distribution logistics, flexible packaging solutions have streamlined transportation and storage, reducing handling damages by 30%. Additionally, advancements in closure integrity, can sealing techniques, and packaging sterilization have ensured beverage preservation, enhancing consumer satisfaction. Packaging line efficiency has been optimized through automation and fill level monitoring, while sustainable packaging materials and quality control testing ensure brand reputation and consumer trust. Packaging material sourcing and printing processes continue to evolve, enabling supply chain optimization and innovation in labeling machinery, leak detection systems, and modified atmosphere packaging. Barrier film properties and sustainable packaging materials are key considerations for beverage companies seeking to reduce waste and improve sustainability.
The significant increase in the consumption of bottled water serves as the primary market driver.
The rising demand for functional drinks represents a notable market trend. This trend signifies a growing preference among consumers for beverages that offer additional health benefits beyond basic hydration.
The escalating opposition and rigorous regulations against the use of plastic bottles pose a significant challenge to the industry's growth trajectory.
The beverage packaging industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The rigid plastics segment is estimated to witness significant growth during the forecast period.
The market continues to evolve, with a focus on enhancing product protection, shelf-life extension, and sustainability. Innovations in tamper-evident packaging, high-barrier materials, and lightweight design are key trends. For instance, PET bottles, made from rigid plastic, are increasingly popular due to their low weight compared to glass, shatterproof properties, and flexibility. These advantages have led to a significant increase in demand, with PET bottles expected to grow further. Additionally, the market is embracing compostable and sustainable packaging materials, such as plant-based plastics, to reduce waste. Technological advancements include distribution logistics solutions, packaging automation, and fill level monitoring systems. Aseptic carton packaging, modified atmosphere packaging, and barrier film properties are also crucial for beverage preservation.
Closure integrity, can sealing techniques, and labeling machinery are essential components of the packaging process. Quality control testing, packaging material sourcing, and printing processes are continuously optimized for efficiency and cost savings. Overall, the market is dynamic, with a focus on meeting consumer preferences for convenience, safety, and sustainability. (119 words)
The Rigid plastics segment was valued at USD 85.01 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 48% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market is experiencing significant growth, driven by shifting consumer preferences and economic factors. In emerging economies, the increasing disposable income of the population and a rise in average temperatures are leading people to opt for packaged beverages, such as bottled and canned water, instead of tap water. This trend is particularly noticeable in countries like China, India, Indonesia, and Thailand, which are expected to account for over half of the incremental growth in beverage consumption. Meanwhile, in developed markets, the consumption of non-alcoholic beverages is on the rise due to marketing and communication efforts by beverage companies.
For instance, the beer consumption rate is increasing at a higher rate in developing countries, particularly in the Asia Pacific region, where India and China are leading the charge. These dynamics underscore the evolving nature of the market and the opportunities it presents for growth.
Customer Landscape of Beverage Packaging Industry
Companies are implementing various strategies, such as strategic alliances, beverage packaging market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Amcor plc - This company specializes in providing a diverse range of beverage packaging solutions, including plastic bottles, jars, canisters, single serve coffee capsules, pods, bags, and pouches. Their offerings cater to various industries and consumer preferences, ensuring sustainable and innovative packaging options.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Beverage Packaging Market insights. See full methodology.
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Market Scope |
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Report Coverage |
Details |
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Page number |
179 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.95% |
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Market growth 2024-2028 |
USD 75.07 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
4.65 |
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Key countries |
US, China, Japan, India, and Germany |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
"Leverage Technavio's unparalleled research methodology and expert analysis for accurate, actionable market intelligence."
The market is experiencing significant shifts as companies adopt various strategies to enhance sustainability, improve supply chain efficiency, and ensure product safety. One such trend is the implementation of pet bottle lightweighting strategies, which reduce material usage while maintaining structural integrity. This not only lowers packaging material costs but also contributes to the reduction of carbon emissions in the supply chain. Another area of focus is the use of aseptic carton packaging materials, which offer benefits such as extended shelf life and improved product protection. These materials are essential for e-commerce applications, where damage reduction during transportation is crucial. High-speed labeling machine integration is also a priority, enabling efficient production lines and reducing labor costs. Sustainable packaging material selection is a key consideration for beverage companies seeking to meet evolving consumer demands. Modified atmosphere packaging (MAP) is increasingly popular due to its ability to extend product shelf life and minimize waste. Moreover, the adoption of recyclable packaging materials, such as PET and glass, is crucial for companies aiming to meet compliance regulations and reduce packaging waste. Glass bottle recycling processes are a critical aspect of sustainable packaging. Companies are investing in optimizing these processes to improve supply chain efficiency and reduce costs. For instance, some firms have reported a 30% reduction in glass bottle production costs by implementing closed-loop recycling systems. Quality control in packaging production is paramount, with can sealing integrity testing, leak detection, and fill level monitoring system calibration essential to maintaining product safety and consumer trust. Automated packaging line maintenance and tamper-evident packaging design regulations further ensure product security and compliance. Companies are also exploring compostable packaging materials, with breakdown times of under six months, as a more eco-friendly alternative. Packaging line automation improvement and cost reduction strategies are additional areas of focus for businesses aiming to streamline operations and remain competitive in the market.
What is the expected growth of the Beverage Packaging Market between 2024 and 2028?
USD 75.07 billion, at a CAGR of 4.95%
What segmentation does the market report cover?
The report is segmented by Material (Rigid plastics, Glass, Metal, and Others), Product (Alcoholic beverages, Non-alcoholic beverages, and Dairy beverages), and Geography (APAC, Europe, North America, South America, and Middle East and Africa)
Which regions are analyzed in the report?
APAC, Europe, North America, South America, and Middle East and Africa
What are the key growth drivers and market challenges?
Rising consumption of bottled water, Growing opposition and stringent regulations in usage of plastic bottles
Who are the major players in the Beverage Packaging Market?
Amcor plc, Ardagh Group SA, Ball Corp., Berlin Packaging LLC, Berry Global Inc., CANPACK SA, Compagnie de Saint Gobain, Crown Holdings Inc., DS Smith Plc, Mondi Plc, O I Glass Inc., Pactiv Evergreen Inc., SIG Group AG, Silgan Holdings Inc., Smurfit Kappa, Stora Enso Oyj, Tetra Laval SA, Toyo Seikan Group Holdings Ltd., Vidrala SA, and WestRock Co.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Material
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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