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Non-alcoholic Beverage Packaging Market - By Type (Rigid, Flexible), By Material (Plastic, Metal, Glass, Paper), By Packaging Type (Jars, Cans, Cartons, Barrels), By Filling Technology, By Application (Soft Drinks, Juices, Dairy Products) - Global Forecast to 2032

  • Report ID: GMI5465
  • Published Date: Mar 2023
  • Report Format: PDF

Non-alcoholic Beverage Packaging Market Size

Non-alcoholic Beverage Packaging Market size valued at USD 50 billion in 2022 and is anticipated to expand at over 6.9% CAGR from 2023 to 2032. Increasing demand for non-alcoholic beverages in the U.S. will accelerate business outlook.
 

Non-alcoholic Beverage Packaging Market

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The surging demand for non-alcoholic beverages in developed countries such as the U.S. is a major growth driver for the non-alcoholic beverage packaging industry. The consumption of non-alcoholic beverages including packed juices and health drinks has increased significantly in the recent past on account of the growing consumer inclination toward value-added products. Moreover, the emergence of innovative flavors and trending organic flavorings will push the demand for non-alcoholic drinks, thus fostering a significant need for advanced packaging solutions.
 

Non-alcoholic Beverage Packaging Market Trends

The volatile costs of raw materials and the deployment of strict environmental regulations may restrain the non-alcoholic beverage packaging market outlook. Raw material price volatility is a major constraint for the industry players along with higher labor expenses. Additionally, the ongoing sophistication of packaging technologies has compelled companies to invest heavily in initial installation and maintenance. Hence, the volatile commodity costs may hamper the production of non-alcoholic beverages.
 

Non-alcoholic Beverage Packaging Market Analysis

The rigid packaging solutions segment will hold approximately 88% of the non-alcoholic beverage packaging market share by 2032. Rigid packaging involves the use of materials such as glass, hard plastic, and metal to provide better strength for storing energy drinks, carbonated drinks, water, and juices. The increasing utilisation of rigid packaging in ready-to-drink coffee, soft drinks, dairy, and fruit juices by beverage manufacturers can be attributed to their ability to offer extended shelf life. Due to rapid urbanization and the emergence of fast-paced lifestyles, the consumption of instant coffee and tea is increasing significantly across developed and developing countries, in turn boosting the need for innovative packaging solutions.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of non-alcoholic beverage packaging crossed USD 50 billion in 2022 and is anticipated to expand at 6.9% CAGR from 202 to 2032.

The rigid packaging solutions are expected to account for more than 88% of the non-alcoholic beverage packaging industry share by 2032 due to increasing demand for instant tea and coffee.

North America market is poised to reach USD 30.5 billion by 2032 owing to the surging consumption of non-alcoholic beverages in the U.S.

Ball Corporation, Tetra Pak, Mondi PLC, International Paper, Verallia, Radius Packaging, Airlite Plastics Co, Smurfit Kappa, and CCL Industries are some of the key participants in the non-alcoholic beverage packaging business.

Non-alcoholic Beverage Packaging Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 21
  • Tables & Figures: 730
  • Countries covered: 19
  • Pages: 450
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