Beverage Packaging Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

The Beverage Packaging Market is segmented by Material Type (Plastic, Metal, Glass, Paperboard), by Product Type (Bottles, Cans, Pouches, Cartons, Beer Kegs), by Application (Carbonated Drinks, Alcoholic Beverages, Bottled Water, Milk, Fruit & Vegetable Juices, Energy Drinks, Plant-based Drinks), and by Geography. The market sizes and forecasts are provided in terms of value (USD billion) for all the above segments.

Beverage Packaging Market Size

Beverage Packaging Market  Summary
Study Period: 2018 - 2028
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: 4.15 %

Major Players

Beverage Packaging Market  Major Players

*Disclaimer: Major Players sorted in no particular order


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Beverage Packaging Market Analysis

The beverage packaging market is expected to register a CAGR of 4.15% during the forecast period. The market size reflects the value of the consumption of beverage packaging products across end-user industries and is computed in real terms. Beverage packaging products such as bottles, cans, pouches, cartons, and beer kegs are considered within the scope of the market studied.

  • Beverage packaging offers tamper resistance and protection and meets beverages' physical, chemical, or biological needs. Additionally, beverage packaging encourages nutrition and guarantees rapid and reliable distribution across the value chain.
  • The size of beverage packaging has been a polarizing trend for a decade owing to various factors, including growing health concerns. Excessive consumption of consumables such as aerated drinks creates an imbalance of sugar in the bloodstream. It damages the ability of the liver to process sugar intake, leading to the risk of Type 2 diabetes. As a result, beverage manufacturers are under increased pressure to reduce the size of their packaging to give consumers more options and permit them to have greater control over how much they consume. In addition, various manufacturers have pledged to reduce the calorie content, driving the need for smaller packaging.
  • The dynamic lifestyles and the consequent dependence of consumers on packaged beverages are also augmenting the sales of beverage packaging products such as plastic and paper bottles and containers. This trend bolsters the sales of plastic products, owing to their superior barrier properties, convenient format, high-quality printability, and prudent usage of material resources.
  • The rise in packaging costs is the pandemic's surge in demand. Since consumers were stranded at home, the shift to online purchasing intensified. As a result, practically all online firms now have a significant requirement for e-commerce packaging for shipping orders. The fundamental economics of supply and demand and the problems faced by beverage packaging market players resulted in inescapable rises in raw materials and completed packaging.
  • As a result of the COVID-19 outbreak, consumer behavior has changed substantially. Buyers are more concerned than ever before about products' hygiene and sustainability. The shoppers' evolving needs and a consumer-focused approach will remain crucial as this crisis continues. Consumer behavior will undoubtedly continue to change during the forecast period as the market simultaneously acclimates more to the current scenario. Thus, the post-COVID-19 method for beverage packaging looks promising in terms of demand.

Beverage Packaging Industry Segmentation

Beverage manufacturers are focusing on offering a better product with easy-to-handle, eco-friendly packaging that keeps the product fresh for a long time. Packaging innovation is becoming a norm for beverage companies with smaller package sizes, situational package types, and multi-packs. Different kinds of products are packed using various materials depending on the beverages.

The Beverage Packaging Market is segmented by Material Type (Plastic, Metal, Glass, Paperboard), by Product Type (Bottles, Cans, Pouches, Cartons, Beer Kegs), by Application (Carbonated Drinks, Alcoholic Beverages, Bottled Water, Milk, Fruit & Vegetable Juices, Energy Drinks, Plant-based Drinks), and by Geography. The market sizes and forecasts are provided in terms of value (USD billion) for all the above segments.

By Material Type
By Product Type
Beer Kegs
By Application
Carbonated Drinks
Alcoholic Beverages
Bottled Water
Fruit and Vegetable Juices
Energy Drinks
Plant-based Drinks
Other Applications
By Geography
North America
United States
United Kingdom
Rest of Europe
Asia Pacific
Rest of Asia Pacific
Latin America
Rest of Latin America
Middle East and Africa
United Arab Emirates
Saudi Arabia
South Africa
Rest of Middle East and Africa

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Beverage Packaging Market Trends

This section covers the major market trends shaping the Beverage Packaging Market according to our research experts:

Bottled Water to Drive the Market

  • The beverage industry is one of the pioneers with considerable expansion and technology modernization investments. Packaging water is a complex technical area of ​​the industry. The packaged and bottled water packaging industries are experiencing rapid growth as public awareness of the need for pure drinking water increases.
  • Bottled water is considered one of the most consumed beverages due to its convenience. The bottle packaging is also suitable for long-distance transportation of water. Boiling water at home is time-consuming and energy inefficient. This is anticipated to contribute significantly to the growth of the bottled water packaging market. In emerging markets, it has become a symbol of a healthy lifestyle.
  • There are different types of bottled water, each with different origins, compositions, and processing requirements. Advances in mineral water have led to increased consumption worldwide due to its high benefits and positive health impacts. Growing demand for mineral water from natural sources stored in quality bottles drives the growth rate of the bottled water packaging market.
  • The use of glass bottles for water packaging is widespread. However, the hot-fill/hold/cool process had to be applied with care to avoid the breakage of the containers. With rising environmental concerns about plastic wastage, various hospitality businesses, such as hotels, are using glass water bottles.
  • For instance, in December 2022, recognizing the increasing rate of plastic waste worldwide, Boone, a global water technology startup enabled by the Internet of Things (IoT), partnered with Mumbai's Grand Hyatt to eliminate plastic bottles. A sustainable glass water bottle replaced them with a negligible carbon footprint. Boone's unique Zero Mile Water system, which uses IoT and AI to monitor the quality of every drop of water, allows hotels to reduce their reliance on external systems significantly. Such initiatives would further leverage the market for glass water bottles.
  • Owing to the significant increase in the number of players and increasing focus on attractive packaging. Major players' increased spending on advertising and marketing activities to reach many consumers and generate profits is anticipated to complement the market's growth over the forecast period. Moreover, manufacturers are innovating bottled water, such as water infused with water from unscathed glaciers. This will likely attract new consumers to experience the feel of water to keep up with their hydration, thus driving the bottled water packaging market.
Beverage Packaging Market-Consumption of Packed Beverages, by beverage type, in billion liters, Global, 2021

Asia Pacific to Witness Highest Growth

  • The Asia-Pacific region holds significant potential for development in terms of the most prospective countries. In India, beverage packaging has witnessed significant growth in recent years. The key factors that drive the market growth include the rapid changes in beverage packaging trends across the country. There has been significant adoption of novel techniques for packaging. New beverage packaging trends focus on the structure modification of packaging materials and the development of new active systems that can interact with the product or its environment, customer acceptability, security, and improving the conservation of several beverages. Based on the materials used in packaging, the market can be further divided into glass, plastic, paper, and metals, predominantly aluminum).
  • The key factors driving future growth are urbanization, vibrant youth and their growing share in the workforce, increasing purchasing disposable income, and improved connectivity, particularly in smaller towns. Government directives have brought a new development in the beverage packaging market. Since packaging waste is deemed toxic to the environment, attempts have been made to curb the amount of waste generated. This has nudged the industry towards recyclable and more sustainable packaging options.
  • China’s packaging industry has been growing at a rapid and stable pace due to the country’s growing economy and increasing middle class with higher purchasing power. The demand for beverage packaging is growing because China’s beverage market has experienced considerable growth over the past several years. While each beverage category will present different challenges and opportunities, there are emerging trends in the Chinese consumer lifestyle which are helping shape the market.
  • The growing consumption of ready-to-drink (RTD) beverages due to hectic consumer work schedules and sedentary lifestyles is propelling the market for beverage packaging in Japan. Also, the rising consumer health concerns regarding the high prevalence of gut-related disorders, such as Gastroesophageal Reflux Disease (GERD), ulcers, gastroenteritis, etc., has increased the consumption of functional drinks are considered the key driving factor of growth for the market.
  • The beverage industry is very innovative and can adapt fast to new or changing consumer demands and trends, such as the move to healthier, fresher, and less processed foods, with short storage time. Innovation, such as developing new processing, separation, and packaging technologies, is key to Asian beverage packaging success. The market is expected to grow due to product expansion, launch, upgradation, sustainability, and more. For instance, In June 2022, Packamama launched in Australia with Australian-made eco-flat bottles. Bottles are made from locally sourced recycled PET and produced by packaging market leader Visy in Melbourne.
Beverage Packaging Market - Growth Rate by Region

Beverage Packaging Industry Overview

The beverage packaging market is highly fragmented due to the presence of both global players and small and medium-sized enterprises. Players in the market are adopting strategies such as partnerships, mergers, innovations, investments, and acquisitions to enhance their product offerings and gain sustainable competitive advantage.

  • November 2022 - Tetra Pak signed a USD 2.5 million contract with Uniboard to establish a cardboard recycling unit for used beverage cartons (UBC). The investment will be used to build a facility able to recycle 8,000 tonnes of UBC annually and should be operational in 2023.
  • May 2022 - O-I Glass Inc. and Coca-Cola UNITED announced a partnership to recycle glass bottles. By 2030, Coca-Cola UNITED hopes to use 50% recycled material in its bottles as part of its commitment to building a world without waste. To collect more recycled glass to be turned into new glass bottles, the bottling firm is collaborating with O-I Glass.

Beverage Packaging Market Leaders

  1. O-I Glass Inc.

  2. Tetra Laval International SA

  3. Ball Corporation

  4. Ardagh Group

  5. Amcor PLC

*Disclaimer: Major Players sorted in no particular order

Beverage Packaging Market Concentration

Beverage Packaging Market News

  • September 2022 - Ball Corporation partnered with Boomerang, a water bottling technology developer, to provide refillable aluminum bottles. The ball corporation will supply its aluminum bottles for the Boomerang Bottling System, which is intended to help meet the demand for sustainable beverage packaging at resorts, cruise ships, campuses, and elsewhere. The partners aim to reduce waste and carbon emissions created in the production and transportation of traditional bottles.
  • September 2022 - Ardagh Glass Packaging Europe collaborated with B&B Studio and Belvoir Farm to create a new glass bottle design for Belvoir Farm’s new range of sophisticated, non-alcoholic Botanical Sodas. The new design is a fully recyclable 500ml flint glass bottle with 45% recycled glass and a reduced weight of just 380 g.
  • June 2022 - Stora Enso and Tetra Pak launched a joint initiative to accelerate beverage carton recycling in Benelux. The initiative aims to advance circular paper-based packaging solutions with a new recycling facility. Also, In collaboration with Tetra Pak, Stora Enso is launching a new recycling process to recover the fibers of collected beverage cartons in the region.

Beverage Packaging Market Report - Table of Contents


    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Industry Value Chain Analysis

    3. 4.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.3.1 Bargaining Power of Suppliers

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Threat of New Entrants

      4. 4.3.4 Threat of Substitutes

      5. 4.3.5 Intensity of Competitive Rivalry

    4. 4.4 Assessment of the Impact of COVID-19 on the Beverage Packaging Industry


    1. 5.1 Market Drivers

      1. 5.1.1 Product Innovations like Downsizing Coupled with Cost Reduction

      2. 5.1.2 Changing Demographic and Lifestyle Factors

    2. 5.2 Market Challenges

      1. 5.2.1 Volatile Raw Material Costs


    1. 6.1 By Material Type

      1. 6.1.1 Plastic

      2. 6.1.2 Metal

      3. 6.1.3 Glass

      4. 6.1.4 Paperboard

    2. 6.2 By Product Type

      1. 6.2.1 Bottles

      2. 6.2.2 Cans

      3. 6.2.3 Pouches

      4. 6.2.4 Cartons

      5. 6.2.5 Beer Kegs

    3. 6.3 By Application

      1. 6.3.1 Carbonated Drinks

      2. 6.3.2 Alcoholic Beverages

      3. 6.3.3 Bottled Water

      4. 6.3.4 Milk

      5. 6.3.5 Fruit and Vegetable Juices

      6. 6.3.6 Energy Drinks

      7. 6.3.7 Plant-based Drinks

      8. 6.3.8 Other Applications

    4. 6.4 By Geography

      1. 6.4.1 North America

        1. United States

        2. Canada

      2. 6.4.2 Europe

        1. United Kingdom

        2. Germany

        3. France

        4. Italy

        5. Spain

        6. Austria

        7. Poland

        8. Russia

        9. Rest of Europe

      3. 6.4.3 Asia Pacific

        1. India

        2. China

        3. Japan

        4. Australia

        5. Rest of Asia Pacific

      4. 6.4.4 Latin America

        1. Mexico

        2. Brazil

        3. Rest of Latin America

      5. 6.4.5 Middle East and Africa

        1. United Arab Emirates

        2. Saudi Arabia

        3. South Africa

        4. Rest of Middle East and Africa


    1. 7.1 Company Profiles

      1. 7.1.1 O-I Glass Inc. (Owens-Illinois Inc.)

      2. 7.1.2 Tetra Laval International SA

      3. 7.1.3 Ball Corporation

      4. 7.1.4 Ardagh Group

      5. 7.1.5 Amcor PLC

      6. 7.1.6 Mondi PLC

      7. 7.1.7 Verallia SA

      8. 7.1.8 Vidrala SA

      9. 7.1.9 Vetropack Holding Ltd

      10. 7.1.10 Crown Holdings Inc.

      11. 7.1.11 Silgan Containers LLC

      12. 7.1.12 CCL Container Inc.

      13. 7.1.13 Berry Global Inc.

      14. 7.1.14 Sonoco Products Company

      15. 7.1.15 Glassworks International Limited

    2. *List Not Exhaustive


**Subject to Availability
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Beverage Packaging Market Research FAQs

The Beverage Packaging Market is studied from 2018 - 2028.

The Beverage Packaging Market is growing at a CAGR of 4.15% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2018 - 2028.

Asia Pacific holds highest share in 2022.

O-I Glass Inc., Tetra Laval International SA, Ball Corporation, Ardagh Group, Amcor PLC are the major companies operating in Beverage Packaging Market.

Beverage Packaging Industry Report

Statistics for the 2023 Beverage Packaging market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Beverage Packaging analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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