Beverage Packaging Market Analysis

Beverage Packaging Market Analysis

Glass segment held a majority market share in 2022. Glass conveys a premium image for high-end and luxury beverages, enhancing brand perception. Glass is a highly recyclable material, appealing to consumers concerned about sustainability and environmental impact. Glass provides an inert barrier that preserves the taste and quality of the beverage.
 

The bottles box segment captured around 40% share of beverage packaging market in 2022 and is expected to observe at a lucrative pace through 2032. Bottles provide ease of use and portability, making them suitable for on-the-go consumption. Bottles allow ample space for branding and product information, enhancing brand visibility and recognition.
 

Non-alcoholic beverages segment accounted dominant market share in 2022 and is set to grow at 5.2% CAGR through 2032. Consumers seek packaging that offers convenience and portability for on-the-go consumption of non-alcoholic beverages. Packaging types like bottles, cans, pouches, and cartons provide ease of use and transportability. Thus, the high-quality services and growing usage of Beverage packaging at food centres are anticipated to expedite the beverage packaging market expansion.
 

U.S. beverage packaging market dominated the North American region with a revenue of USD 35.4 billion in 2022 and is poised to expand at a significant pace from 2023 to 2032. The overall demand for beverage packaging is closely tied to the consumption of beverages. The growing consumption of various beverages, including soft drinks, alcoholic beverages, bottled water, juices, and energy drinks, drives the need for innovative and efficient packaging solutions.