Beverage Packaging Market to Reach USD 199.15 Billion by 2030; Important Benefits Offered by Beverage Packaging Products to Improve Market Growth

The global beverage packaging market size touched USD 138.72 billion in 2022 and is predicted to reach USD 144.40 billion in 2023. The market is anticipated to touch USD 199.15 billion by 2030, recording a CAGR of 4.70% over 2023-2030.

Fortune Business Insights™ presents this information in its latest report titled “Beverage Packaging Market Size, Share & COVID-19 Impact Analysis, By Material (Plastic, Glass, Metal, and Others), By Product Type (Cans, Bottles & Jars, Pouches, Cartons, and Others), By Application (Alcoholic and Non - Alcoholic), and Regional Forecasts, 2023-2030”.

Product packaging forms one of the most important aspects of a product sales as the right kind of packaging will not only help a company attract more customers, but also ensure the product’s safety. Packaging companies are now using advanced packaging technologies that offer robust protection against contamination and harsh temperatures. The demand for various types of beverages and liquids, such as milk, juices, energy drinks, and other non-alcoholic drinks is rising every year. These factors will help the beverage packaging market share grow.

Government-Imposed Lockdowns Dropped Beverage Packaging Sales During COVID-19 Pandemic

The COVID-19 pandemic in 2020 forced governments across the world to enforce a wide range of restrictions, such as lockdowns, which greatly limited the movement of people and goods. These restrictions also caused severe labor shortages, which ultimately slowed the production of packaging products. These factors decelerated the beverage packaging market growth.

Gualapack Collaborated with Jufico to Introduce Recyclable Mono Material Pouches

In May 2020, Gualapack, one of the leading producers of flexible packaging, launched recyclable mono-material pouches in collaboration with Jufico. These pouches were available in two versions, one was for hot-filled and pasteurized shelf-stable products, and another was for cold-filling/dairy applications. These pouches offered protection against oxygen and water vapor.

Important Benefits Offered by Packaging Products to Improve Market Growth

The market is witnessing strong expansion as these products can protect the packaged contents from harmful microorganisms and other elements in the external environment. Packaging solutions can protect the product during transportation and boost their shelf life. Moreover, using decorative packaging can increase the overall appeal of the product, thereby helping companies expand their customer base. Since liquids are more prone to leakage, tough packaging materials, such as plastic and metals are used to ensure their safety while being transported to longer distances. These benefits offered by the products will help the market expand during the forecast period.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/beverage-packaging-market-102112

Organizations to Focus On Introduce Innovative Packaging Products to Boost Market Presence

This market is highly competitive and has a vast presence of reputed packaging product manufacturers. As far as the market share of these companies is concerned, some of them have held a dominant position in the industry by launching advanced packaging solutions. These reputed players are increasing their focus on expanding their customer pool across various regions. They are also trying to innovate their current product ranges to keep up with the unique requirements of their clients. Some of the key players in the market include Crown Holdings, Amcor Plc, Ball Corporation, Glasswork International, and others.

Notable Industry Development:

• October 2022: Sidel launched its 1SKIN™ bottle, a one-of-a-kind label-less bottle made from recycled PET bottles. The bottles claim to be useful for packaging and storing temperature-sensitive juices, flavored drinks, and teas. These bottles and caps can be recycled and do not need extra raw material for the same.

List of the Companies Profiled in the Report:

• Amcor plc (Australia)


• Glassworks International (U.K.)


• Crown Holdings (U.S.)


• Mondi Group (U.K.)


• Graham Packaging Company (U.S.)


• Sonoco Products Company (U.S.)


• Refresco Group (Netherlands)


• Ball Corporation (U.S.)


• Berry Global Inc. (U.S.)


• Tetra Pak Group (Switzerland)

Further Report Findings

• Asia Pacific is holding a dominant market share as the region is witnessing a strong rise in its population and the lifestyle of the urban population is undergoing some drastic changes. As more people are becoming concerned about their health and want to make positive changes to their lifestyles, the demand for non-alcoholic beverages has gone up in recent years.


• The market in North America is anticipated to record a moderate growth rate as the demand for carbonated drinks, soft drinks, and energy drinks is growing at a notable pace across the region. The younger generation is increasing its reliance on these beverages, which will further boost the regional market’s progress during the forecast period.

Table of Segmentation