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Consumer beverage packaging include materials used for packaging of wide range of beverages such as water, tea, coffee, energy drinks, beer, wine, dairy products, soft drinks etc. Plastic, glass, metal & paperboard are the main materials used in consumer beverage packaging. These packaging materials are used for different beverages as per the requirement and compatibility of the product, shelf life and storage conditions. Consumer beverages are packaged into containers of different shapes and sizes as per the need of the consumers.
Increase in the per capita income leading to improvement in the lifestyle and increasing health consciousness especially after the outbreak of COVID–19 is expected to drive the consumer beverage packaging market. Rapid industrialization and rise of the service sector in the emerging economies led to increase in the per capita income. This has further increased consumer spending on the alcoholic as well as non-alcoholic beverages and is expected to propel the consumer beverage packaging market growth in the near future.
Regulations with respect to the single use plastics and ban for the same in some economies may hinder the steady growth of the consumer beverage packaging market. However, investment in research and development of the biodegradable plastics, recycling of the packaging materials and availability of other materials such as glass presents lucrative opportunities for the consumer beverage market in the near future.
Key players in the market are engaged in the development of the eco-friendly and recyclable products. For example, McCormick’s has set a goal to reach 100% recyclable, reused or repurposed packaging by 2025.
Decrease in demand as well as uncertainty in the supply chain due to temporary lockdowns across the globe hindered the consumer beverage packaging market growth during the COVID-19 pandemic. Disruption of packaging raw material supply chains coupled with the decreased beverage trade has impacted the growth of the consumer beverage packaging market. However, since economies are coming on track after April 2022, steady growth is expected in the consumer beverages packaging in the near future
The report will cover the following key insights:
On the basis of materials, the consumer beverages packaging market is segmented into plastic, glass, metal and others. Glass materials holds largest share of the global market however, plastic materials are expected to surpass the glass segment in the near future owing to the higher demand for the packaging of non-alcoholic beverage. Though the globe witnessing a stringent regulations with respect the use of single use plastic the emergence of biodegradable and recycling of the plastics will boost the growth of the plastic material for consumer beverage packaging in the near future.
Based on product type, consumer beverages packaging market is segmented into bottle & jars, cans, cartons and others. Bottle & jars holds the maximum share of the market owing to its highest demand in the industry. Bottle & jars are expected to retain its highest share in the near future owing to easy handling and transport.
By application, the consumer beverage packaging market is segmented into alcoholic beverages and non-alcoholic beverages. In 2021, non-alcoholic beverages held the largest share of the global market and expected to retain its position during the forecast period. Major demand from non- alcoholic segments comes from the water, soft drinks, energy drinks and dairy products. Application for alcoholic beverages is also expected to grow at a significant rate especially in the developing countries owing to the increase in the number of the higher-middle class consumers.
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The global beverage packaging market has been categorized into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In 2021, Asia Pacific holds the largest share of the beverage packaging market and is the fastest growing market owing to the increasing per capita consumer spending on the beverage products. Higher population and increasing health consciousness among the people after the COVID-19 have resulted in the increase in the demand for healthy beverages and bottled water. This has improved the demand for the consumer beverages packaging.
Europe holds the second largest share of the global consumer beverage packaging market owing to highest demand for the packaging alcoholic as well as non-alcoholic beverages. North America also significantly contributed to the market due to presence of large packaging companies. Latin America, Middle East & Africa are projected to indicate considerable growth due to adoption of western lifestyle, and rising beverage production in these regions.
The report will include the profiles of key players such as Crown Holdings, Ardagh Group, Amcor, Sonoco Products Company, Saint Gobain, Mondi group, Tetra Laval, Ball Corporation, Westpack, Berry Global and others.
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