Beverage Packaging Market Size

Beverage Packaging Market Analysis

The Beverage Packaging Market size is estimated at USD 148.96 billion in 2024, and is expected to reach USD 182.53 billion by 2029, growing at a CAGR of 4.15% during the forecast period (2024-2029).

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.