Asia Pacific Beverage Packaging Market Size

APAC Beverage Packaging Market Analysis

The Asia Pacific beverage packaging market is expected to register a CAGR of 4.5% during the forecast period (2021 - 2026). The supply chain of the beverage packaging industry in the region has a significant impact due to the COVID-19 outbreak. For instance, beverage companies, such as Coca-Cola India and Nestle India, temporarily suspended their production at several manufacturing facilities. Moreover, they are permitted to provide only essential beverages (like bottled water) to consumers. All of these factors will significantly affect the beverage packaging industry.

• The demand for fruit pulp, juices, and other concentrates, along with sauces or bottles of ketchup, is increasing in the beverage market in the region. In addition, various health beverages, milk products, beer, and liquors have mainly contributed to the increasing demand for drinks in the area, thus driving the market growth.
• Moreover, the leading beverage manufacturers in India export various products, such as tea and coffee, to foreign markets each year. According to the Ministry of Statistics and Program Implementation (MOSPI) survey, the revenue from manufacturing beverages in India in FY 2019 was USD 10.94 billion. It is expected to reach USD 11.69 billion by 2023. For instance, UFlex Limited, India's most significant multinational flexible packaging materials & solution company, has launched a packaging solution called 'Asepto Eye' for the beverages segment. The newest offering from Asepto gives a modern revival to aseptic packaging due to its packaging excellence, taking forward the innovative trail that the brand Asepto professes.
• The recent regulation on the ban of single-use plastics is expected to grow plastic packaging growth, which is scheduled to be enforced in the future once the discussion with all the stakeholders gets concluded. These regulations are expected to significantly affect the use of plastics in the beverage end-user industry, where plastics are extensively used in the form of bottles, straws, and containers.
• With the growth of the alcoholic and non-alcoholic beverage market, the demand for metal can package is expected to increase significantly across the region. Also, the increase in beverage packaging is driving the metal caps and closure market in the area. The region holds many players that supply ROPP and aluminum caps and closures to the beverage industries. For instance, Oricon Enterprises Ltd has 9,216 million units per annum of aluminum crown caps and 1,800 million units per annum of ROPP caps.
• Further, in February 2020, Coca-Cola Japan has launched two new PET packaging sizes for beverages that include 350ml and 700ml for its drink in Tokyo, Kanagawa, Chiba, and Saitama.