Beverage Packaging market is expected to reach US$ 242.01 Mn. in 2029, with a CAGR of 6.42% for the period 2023-2029


Posted January 24, 2024 by nirankammr

Beverage Packaging market is expected to reach US$ 242.01 Mn. in 2029, with a CAGR of 6.42% for the period 2023-2029, because of the growing emphasis on eco-friendly and biodegradable packaging.

 
Beverage Packaging Market Scope and Research Methodology

This Beverage Packaging Market research report provides a comprehensive view of competition, including market share and profiles of major industry rivals worldwide. The study delves into various sectors to examine the factors that influence the industry’s growth.

The top-down and bottom-up approaches are used to validate and estimate market size by segment. Beverage Packaging Market estimates are based on sale prices, with weights applied to usage rate and average sale price to produce percentage splits, market shares, and segment breakdowns. The geographical divisions are based on the adoption or usage percentage of the market size in each area.

Beverage Packaging Market Drivers :

Over the forecast period, the beverage packaging industry is expected to rise at a rapid pace. The growing emphasis on eco-friendly and biodegradable packaging is expected to raise demand for beverage packaging, enhancing market trends in the process. Also, as more producers use biodegradable, recyclable, and compostable packaging, the market is see increased growth in the coming years.

The government's enforcement of severe plastic usage laws has further hampered market growth. The ban on single-use plastic in various countries throughout the world, for example, will have a simultaneous impact on the beverage packaging market share. Moreover, the growing desire to protect natural habitats and the environment may put a strain on the beverage packaging supply chain, resulting in a slowdown in the beverage packaging market revenue throughout the forecast period.

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Beverage Packaging Market Segmentation Analysis:

Based on Formulation, the Tablets Supplements segment held the largest market share of the Market in 2023. According to the MMR analysis, It stands out as the dominant segment in Market thanks to its rapid technological advancement and growing adoption of smart devices with data connectivity and integration.

by Product Type

Non-alcoholic beverages
Alcoholic beverages
Dairy beverages

by Packaging Type

Bottle
Can
Carton
Pouch
Other packaging type

by Material Type

Metal
Plastic
Glass
Paper & paperboard
Other material type

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Key players include Beverage Packaging Industry :

1. Amcor Group GmbH
2. O-I Glass, Inc.
3. Crown Holdings, Inc
4. Ardagh Group S.A.
5. Verallia SA
6. Tetra Pak Group
7. Ball Corporation
8. Vidrala S.A.
9. Toyo Seikan Group Holdings, Ltd.
10. CPMC Holdings Limited
11. Huhtamaki Oyj.
12. Brodrene Hartmann A/S
13. UFP Technologies, Inc.
14. Gerresheimer AG.
15. Owens-Illinois, Inc.
16. Berry Global, Inc.
17. Beatson Clark Ltd.
18. Intrapac International Corporation
19. BA Glass Germany GmbH.
20. Nampak Ltd.
21. Silgan Containers LLC.
22. Mahmood Saeed Beverage Cans & Ends Industry Company Ltd.
23. Orora Packaging Australia Pty Ltd.
24. Others

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Key Questions Answered in the Beverage Packaging Market Report are:

Which segment asserted the greatest market share in 2024 for Beverage Packaging ?
• How does the competitive landscape unfold within the Beverage Packaging market?
• What pivotal factors steer the growth trajectory of the Beverage Packaging market?
• In the realm of the Beverage Packaging market, which region commands the most significant market share?
• What is the anticipated Compound Annual Growth Rate (CAGR) for the Beverage Packaging market during the forecast period (2024-2030)?
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Last Updated January 24, 2024