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Beer packaging is witnessing high demand due to the growing population and rising purchasing and spending power of the people. The surging number of innovations for packaging with attractive visuals to enhance the customer base is contributing to the growth of the beer packaging market. Furthermore, the increasing urbanization and socialization have created the demand for single-served and canned beverages. The growing footfall of people in restaurants and pubs is driving the growth of the beer packaging market.
Younger customers are more likely to be influenced by unique craft breweries, flavors, and the social aspect of enjoying beer with friends. A growing young population with a taste for experimentation is thriving in the growth of the beer packaging market. Moreover, the demand for the at-home consumption of beer coupled with the growing e-commerce industry is bolstering the expansion of this market.
The demand for ready-to-drink beverages is increasing and that has led to the declining demand for beer, impeding the growth of the beer packaging market. The growing trend of adopting a healthy lifestyle and consumption of non-alcoholic beverages will restrict the growth of the beer packaging market during the forecast period. However, the rising demand for flavored and fruit beer will help augment the demand for beer packaging during the analysis period.
The beer packaging market has seen negative growth during the COVID-19 pandemic as people were spending less on alcoholic beverages due to health issues. The temporary shutdown of the restaurants and pubs due to the lockdown and fear of getting infected also declined the consumption of beer, negatively impacting the market.
By Material | By Product Type | By Geography |
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The report covers the following key insights:
Based on material, the market is segmented into glass, plastic, aluminum, and others.
The glass segment leads the beer packaging market. Glass packaging is highly hygienic due to its non-porous, impermeable, and nontoxic structure. Glass material can also perform well in high and low temperatures, making it suitable for the packaging of beer. In addition, the high recyclability of glass with the premium and luxury look is boosting the growth of this segment.
Based on product type, the market is segmented into bottles, barrels, cans, kegs, canisters, and others.
The bottles segment holds the largest share in the global beer packaging market. Bottles are the most traditional way to pack beer and they come in different shapes and sizes to give it a premium look. Furthermore, these products are easily recyclable and can be reused again, which accelerates the segment growth.
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The beer packaging market has been studied across North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is the dominating and fastest-growing region of the beer cans market. The growing population and presence of the largest beer-consuming countries, such as India, China, and Japan, are driving the growth of this region. Europe is growing at a significant rate during the forecasted period. The demand for high-quality beers and the presence of one of the largest beer-producing countries, such as Germany, is enhancing the growth of this region. North America is experiencing lucrative growth due to the growing demand for flavored beers among the younger generation. Latin America is experiencing moderate growth due to changing lifestyles and rising disposable income in the region. Middle East & Africa is witnessing steady growth due to the growing demand for diverse flavors.
The report will include profiles of key players such as Amcor plc, Ball Corporation, Crown Holdings, Inc., Ardagh Group, Owens-Illinois, Inc., WestRock Company, Berlin Packaging, CCL Industries Inc., Berry Global, and Verallia, among others.
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