New York, United States, Dec. 08, 2023 (GLOBE NEWSWIRE) -- The Global Beverage Container Market Size is to Grow from USD 185.45 Billion in 2022 to USD 290.77 Billion by 2032, at a Compound Annual Growth Rate CAGR of 4.6% during the forecast period.
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A beverage container is a specialized vessel designed for the storage and transportation of various liquid refreshments, including water, soft drinks, juices, alcoholic beverages, and more. These containers come in a wide range of materials, shapes, and sizes, each tailored to specific beverage types and consumption preferences. Common materials for beverage containers include glass, plastic, aluminum, and stainless steel, with each offering unique advantages such as durability, portability, and temperature retention. The design and functionality of these containers have evolved over the years, incorporating features like resealable caps, insulation, and eco-friendly materials to cater to changing consumer demands and environmental concerns.
Browse key industry insights spread across 200 pages with 120 market data tables and figures & charts from the report on the "Global Beverage Container Market Size, Share, and COVID-19 Impact Analysis, By Material (Plastic, Metal, Glass, and Paperboard), By Container Type (Bottles & Jars, Cartons, Cans, Bag-In-Boxes, and Pouches), By Application (Alcoholic Beverages [Beer, Wine, Spirit], Non-Alcoholic Beverages [Carbonated Soft Drinks, Bottled Water, Dairy, Juices, and Sports Drinks Enhanced Water]), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2022 – 2032."
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In 2022, the glass segment accounted for around 40.6% market share
On the basis of the material, the global beverage container market is segmented into plastic, metal, glass, and paperboard. The dominance of the glass segment in the beverage container market can be attributed to the glass containers are favored for their inert and non-reactive nature, preserving the taste and quality of beverages while ensuring product safety. They align with the increasing consumer preference for eco-friendly packaging due to their recyclability and minimal environmental impact. Furthermore, glass containers have a premium and aesthetic appeal, making them the choice for high-end beverages, wines, and spirits. Stringent regulations in various regions promoting sustainable packaging practices have further boosted the glass segment's market share, solidifying its dominance in the industry.
The bottles & jars segment held the largest market with more than 42.4% revenue share in 2022
Based on the container type, the global beverage container market is segmented into bottles & jars, cartons, cans, bag-in-boxes, and pouches. The dominance of the bottles and jars segment in the beverage container market is primarily driven by its versatility and wide-ranging applications. Bottles and jars serve as the preferred packaging for various beverage categories, including water, carbonated drinks, juices, and alcoholic beverages. Their popularity is rooted in their ability to preserve freshness, prevent contamination, and ensure convenient consumption. Furthermore, these containers are available in various sizes, shapes, and materials, catering to diverse consumer preferences and product requirements.
The alcoholic beverages segment held the largest market with more than 43.5% revenue share in 2022
Based on the application, the global beverage container market is segmented into alcoholic beverages and non-alcoholic beverages. The alcoholic beverages segment's prominence in the beverage container market is primarily driven by the enduring popularity of alcoholic drinks such as beer, wine, and spirits. These beverages require specialized containers like glass bottles and aluminum cans to maintain their taste and quality. Alcoholic beverages often come in various packaging sizes and designs, catering to a broad consumer base. Additionally, premium and craft alcohol brands emphasize unique packaging aesthetics, contributing to this segment's market leadership.
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Asia-Pacific is predicted to grow at a higher CAGR of around 5.1% over the projected period
Based on region, the Asia-Pacific region is projected for the highest growth in the beverage container market during the forecast period, the region's rapidly expanding population, urbanization, and rising disposable incomes are driving increased consumption of beverages, including soft drinks, bottled water, and alcoholic beverages. Additionally, manufacturers are increasingly establishing production facilities in the Asia-Pacific to cater to this burgeoning demand, further boosting the market.
Europe boasts the largest market share in the global beverage container industry and has a well-established and sophisticated beverage market with a strong demand for a wide range of products, including soft drinks, beer, wine, and premium beverages. Additionally, European consumers are increasingly environmentally conscious, driving the adoption of sustainable packaging solutions like glass and aluminum.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major players in the global beverage container market include Amcor Group GmbH, O-I Glass, Inc., Crown Holdings, Inc., Ardagh Group S.A., Verallia SA, Tetra Pak Group, Ball Corporation, Vidrala S.A., Toyo Seikan Group Holdings, Ltd., CPMC Holdings Limited And Other Key Vendors.
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Recent Developments
- In June 2022, Scholle IPN, a flexible packaging company, has been acquired by SIG, a Swiss aseptic packaging provider. In February of this year, SIG and Scholle IPN agreed to merge for an enterprise value of USD 1.53 billion and an equity value of USD 1.2 billion. Scholle IPN, headquartered in Northlake, Illinois, provides environmentally friendly packaging technologies and solutions to the food, beverage, retail, institutional, and industrial industries.
- In March 2021, Ardagh Group S.A. and Bragg Live Food Products collaborated to launch a new 16oz glass bottle for their apple cider vinegar beverage brand.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2019 to 2032. Spherical Insights has segmented the global beverage container market based on the below-mentioned segments:
Beverage Container Market, By Material
- Plastic
- Metal
- Glass
- Paperboard
Beverage Container Market, By Container Type
- Bottles & Jars
- Cartons
- Cans
- Bag-In-Boxes
- Pouches
Beverage Container Market, By Application
- Alcoholic Beverages
- Non-Alcoholic Beverages
Beverage Container Market, Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East & Africa
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