Beverage Packaging Market: Current Analysis and Forecast (2021-2027)

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Emphasis on Packaging Type (Bottle, Can, Carton, Pouch, Others); Material Type (Metal, Plastic, Glass, Paper & Paperboard, Others); Product Type (Alcoholic Beverages, Non-Alcoholic Beverages, Dairy Beverages); End-User (Commercial Growers, Research & Educational Institutes, Retail Gardens, Others); Region/Country

Published:

Nov-2021

Pages:

275

Table:

58

Figure:

137

Report ID:

UMCG21493

Geography:

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Report Description
Table of content
Research Methodology

Report Description

Beverage Packaging Market 2
Beverage Packaging Market 2

Global Beverage Packaging Market was around US$ 136 billion in 2020 and is anticipated to reach above US$ 192 billion by 2027 displaying an elevated CAGR of around 6% over the forecast period (2021-2027). Beverage Packaging is an important aspect of the beverage industry as it plays a vital role in protecting and extending the shelf life of various beverages. The packaging is done by using different types of raw materials and pack types.

Alcohol consumption increased in low- and middle-income countries, while consumption in high-income countries remained flat or decreased significantly, particularly in Europe. Between 2010 and 2017, the highest increase was in Vietnam, where per capita intake went up 90 percent, from 4.7 liters to 8.9 liters. On the other end of the spectrum, Azerbaijan recorded an 82% decrease in alcohol use. Moldova has the highest alcohol intake (15 liters per adult per year), while Kuwait has the lowest (0.005 liters per person per year). Owing to this high demand for alcoholic beverages, the market for beverage packaging has been witnessing an upsurge all over the world.

Furthermore, with the rising concerns over the degrading environment, many of the leading packaging manufacturers are adopting biodegradable and eco-friendly packaging solutions which are causing significant attraction among the consumer globally. This has helped many bands to create a loyal and responsible customer base, thus increasing the sales of their products as packaging designs play a vital role in this industry. For example, in December 2019, Tetra Pak launched a plant-based polymer packaging solution for its food & beverage products. Also, as per the Vice President of sustainability, Mario Abreu, over 90% of the customers nowadays look for environmental logos on packaging when they are shopping. Therefore, there is an increase in the number of brands shifting towards sustainable packaging solutions. Thereby, boosting the beverage packaging market.

Beer Consumption (Liter per Capita), By Selected Countries, 2021

Beverage Packaging Market 1
Beverage Packaging Market 1

Amcor PLC, Crown Holdings, Ardagh Group, Mondi PLC, RPC Group PLC, Tetra Laval International SA, Berry Global Inc., Ball Corporation, Sonoco Products Company, Toyo Seikan Group, are some of the prominent players operating in the beverage packaging market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with new varieties of beverage packagings.

Insights Presented in the Report

“Amongst Packaging Type, Bottle segment holds the major share”

Based on packaging type, the market is segmented into bottle, can, carton, pouch and others. The bottle segment dominated the beverage packaging market and is expected to grow at a considerable CAGR during the upcoming years as it is one of the most popular type of the packaging used for packaging of different types of beverages. Apart from this, factors such as ease of transport and storage makes it the most preferrable choice by consumers. However, the cartons segment is also anticipated to witness a considerable growth during the forecast period.

“Amongst Material Type, Glass segment holds the major share”

Based on the material type, the beverage packaging market has been fragmented into metal, plastic, glass, paper & paperboard, and others. The glass segment is expected to garner the major market share in 2020 and will grow at a remarkable CAGR as glass material is widely used for making bottles and jars used for packaging varied beverages. However, the metal segment is also expected to grow with the substantial CAGR in the upcoming years owing to the resilience and convenience offered by the metal packaging. Different types of metals can be used foe packaging that are widely available including aluminum and steel.

“Amongst Product Type, Non-Alcoholic Beverages segment holds the major share”

Based on the product type, the market is fragmented into alcoholic beverages, non-alcoholic beverages and dairy beverages. The non-alcoholic beverages segment accounted for the considerable revenue share in 2020 and is expected to grow with a substantial CAGR during the projected timeframe owing to the rising consumption of various non-alcoholic beverage consumption such as juices, purees, sauces, soft drinks, carbonated drinks, among others. For instance, in India, soft drinks consumption was 44 bottles per capita in 2016 which is under-penetration and is likely to double to 84 bottles by 2021.

“Amongst End-User, Food segment holds the major share”

Based on end-user, the market is segmented into commercial growers, research & educational institutes, retail gardens, and others. The research & educational institutes segment grabbed a significant market share in 2020 and it is also predicted that it will grow at a significant pace in the forthcoming years. The growth of this segment can be attributed to the growth in the number of companies providing small or large beverage packagings for carrying out various research activities. For instance, Nexus Corporation designs 15,000-square feet state-of-the-art research facilities, as well as 500-square feet beverage packagings for high school programs.

“Asia-Pacific represents one of the largest markets of beverage packaging market”

For a better understanding of the market dynamics of the beverage packaging market, a detailed analysis was conducted for different regions across the globe including North America (the U.S, Canada, and the Rest of North America), Europe (Germany, France, Spain, United Kingdom, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), Rest of World has been conducted. Asia-Pacific constitutes a major market for the beverage packaging market industry and generated revenue of USD XX Million in 2020 owing to the presence of well-established market players.

Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts
  • The report presents a quick review of overall industry performance at one glance
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
  • The study comprehensively covers the market across different segments
  • Deep dive regional level analysis of the industry

Customization Options:

The global beverage packaging market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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1.1Market Definitions
1.2Objective of the Study
1.3Limitation
1.4Stake Holders
1.5Currency Used in Report
1.6Scope of the Global Beverage Packaging Study

 

2.1Research Methodology for the Global Beverage Packaging Market
 2.1.1Main Objective of the Global Beverage Packaging Market
3MARKET SYNOPSIS

 

4.       EXECUTIVE SUMMARY

 

5COVID-19 IMPACT

 

6GLOBAL BEVERAGE PACKAGING MARKET REVENUE

 

7.1Bottle
7.2Can
7.3Carton
7.4Pouch
7.5Others
8.1Metal
8.2Plastic
8.3Glass
8.4Paper & Paperboard
8.5Others
9.1Alcoholic Beverages
9.2Non-Alcoholic Beverages
9.3Dairy Beverages
10.1NORTH AMERICA BEVERAGE PACKAGING MARKET 
 10.1.1United States
 10.1.2Canada
 10.1.3Rest of North America
10.2EUROPE BEVERAGE PACKAGING MARKET 
 10.2.1Germany
 10.2.2France
 10.2.3United Kingdom
 10.2.4Spain
 10.2.5Italy
 10.2.6Rest of Europe
10.3ASIA PACIFIC BEVERAGE PACKAGING MARKET
 10.3.1China
 10.3.2Japan
 10.3.3India
 10.3.4Australia
 10.3.5Rest of Asia Pacific
10.4REST OF THE WORLD BEVERAGE PACKAGING MARKET 

 

11.1Market Drivers 
11.2Market Challenges
11.3Impact Analysis
12BEVERAGE PACKAGING MARKET OPPORTUNITIES

 

13BEVERAGE PACKAGING MARKET TRENDS & INSIGHTS
14LEGAL & REGULATORY FRAMEWORK
15.1Demand Side Analysis
15.2Supply Side Analysis
 15.2.1Top Product Launches
 15.2.2Top Business Partnerships
 15.2.3Top Merger & Acquisitions

 

16VALUE CHAIN ANALYSIS
17.1Porter’s Five forces analysis
 17.1.1Bargaining power of Supplier
 17.1.2Bargaining power of Buyer
 17.1.3Industry Rivalry
 17.1.4Availability of Substitute
 17.1.5Threat of new Entrants

 

18.1Amcor PLC 
 18.1.1Key Facts 
 18.1.2Business Description
 18.1.3Key Product/Services Offerings
 18.1.4Growth Strategy
 18.1.5SWOT Analysis
 18.1.6Key Financials
  18.1.6.1Revenue Split
  18.1.6.2Financial Overview of Amcor PLC
 18.1.7Recent Developments
  18.1.7.1Product Launch
  18.1.7.2Partnerships
  18.1.7.3Business Expansion and Investments
  18.1.7.4Merger and Acquisition
18.2Crown Holdings 
18.3Ardagh Group 
18.4Mondi PLC 
18.5RPC Group PLC 
18.6Tetra Laval International SA
18.7Berry Global Inc. 
18.8Ball Corporation 
18.9Sonoco Products Company
18.10Toyo Seikan Group 
19DISCLAIMER

 

Research Methodology

Analyzing the historical market, estimation of the current market, and forecasting the future market of the Global beverage packaging market were the three major steps undertaken to create and analyze the adoption of beverage packaging in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global beverage packaging market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the beverage packaging through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the beverage packaging market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as packaging type, material type, and product type. Further country-level analyses were conducted to evaluate the overall adoption of beverage packaging across the globe.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the beverage packaging. Further, we conducted factor analysis using dependent and independent variables such as growing adoption of beverage packaging in various sectors. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, merger and acquisition, business expansion, and product launches in the beverage packaging sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the beverage packaging market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach was applied to arrive at the market forecast about 2027 for different segments and subsegments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of value (US$) and the adoption rate of beverage packaging across the major markets domestically
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the beverage packaging market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Beverage Packaging Market 3
Beverage Packaging Market 3

Market Engineering

Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the beverage packaging market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of packaging type, material type, and product type of the beverage packaging market.

The main objective of the Beverage Packaging Market Study

The current & future market trends of beverage packaging were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of beverage packaging in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segments in the study include areas of packaging type, material type, and product type
  • Define and analysis of the regulatory framework for the beverage packaging industry
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
  • Analyze the current and forecast market size of the beverage packaging market for the major region
  • Major regions studied in the report include North America, Europe, Asia-Pacific and Rest of the world
  • Company profiles of the beverage packaging market and the growth strategies adopted by the market players to sustain in the fast-growing market
  • Deep dive regional level analysis of the industry