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Beverage Packaging Market Size

Report ID: GMI3820
Published Date: Aug 2023
Report Format: PDF

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Beverage Packaging Market Size

Beverage Packaging Market size was valued at USD 152.7 billion in 2022 and is forecast to observe over 5.7% CAGR from 2023 to 2032. The overall demand for beverage packaging is directly linked to the consumption of beverages. Changing consumer preferences and the rising popularity of convenience beverages, such as ready-to-drink products and single-serve beverages, drive the need for innovative and practical packaging solutions. Consumers seek convenience in their beverage consumption, leading to an increased demand for portable and on-the-go packaging options.

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Beverage packaging plays a crucial role in branding and marketing strategies. Attractive, eye-catching packaging designs and shapes can influence consumer purchasing decisions, leading to increased demand for unique and innovative packaging solutions.

Beverage Packaging Market Report Attributes
Report Attribute	Details
Base Year:	2018
Beverage Packaging Market Size in 2018:	USD 152.7 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	5.7%
2032 Value Projection:	USD 265.8 Billion
Historical Data for:	2018 to 2022
No. of Pages:	150
Tables, Charts & Figures:	191
Segments covered:	Material Type, Packaging Type, Product Type, Region
Growth Drivers:	Expansion of the food and beverage industry Rapid urbanisation Growing adult population
Pitfalls & Challenges:	Sustainability and Environmental Concerns High cost of products Stringent regulations

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Increasing awareness of environmental issues has put pressure on the beverage packaging industry to adopt more sustainable practices. Balancing cost-effectiveness with innovative and sustainable packaging solutions can be a challenge. Companies need to invest in modern technologies and materials while also maintaining competitive pricing. The beverage packaging industry is subject to numerous regulations related to food safety, labeling, recycling, and materials used. Thus, the risks associated with Beverage packaging may drive down the acceptance rate, further hampering the beverage packaging market growth.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of beverage packaging was exceeded USD 152.7 billion in 2022 and will reach USD 265.8 billion by 2032, owing to the increasing consumption of beverages

Bottles segment held around 40% share of the beverage packaging market in 2022 and will grow at a lucrative pace through 2032 as these bottles provide ease of use and portability, making them suitable for on-the-go consumption.

U.S. beverage packaging market size was valued at USD 35.4 billion in 2022 and will expand at a significant pace from 2023 to 2032 as the overall demand for beverage packaging is closely tied to the consumption of beverages.

Owens-Illinois, Inc., AptarGroup, Inc., Graham Packaging Company, SIG Combibloc Group AG, Huhtamaki Group, Plastipak Holdings, Inc., Berry Global Group, Inc., DS Smith Plc, WestRock Company.