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Non-alcoholic Beverage Packaging Market Analysis
- Report ID: GMI5465
- Published Date: Mar 2023
- Report Format: PDF
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.
The plastic materials segment is poised to register about 7% CAGR between 2023 and 2032. Plastic is widely used for packaging in multiple food and beverage products including energy drinks, nutraceuticals, and other products. Plastics are easy to process into a variety of sizes and shapes while offering superior performance capabilities, hence find high application in bags, films, and beverage containers. They also deliver myriad benefits including reliability, affordability, and versatility. According to data published by Science Advances, globally, more than 140 million tonnes of plastic packaging is produced each year, which is projected to influence the non-alcoholic beverage packaging market demand.
The plastic material segment is further bifurcated into the PET, PP, HDPE, LDPE, and others. The polyethylene terephthalate (PET) subsegment reached over USD 5.5 billion in 2022. PET is the most commonly used plastic packaging in beverage manufacturing due to its characteristics, such as flexibility, non-toxicity, and lightweight. PET packaging is also shatterproof and does not react with food or water, making it a suitable choice amongst non-alcoholic beverage companies.
The dairy products applications will cross USD 23.5 billion by 2032. The growing consumer demand for protein-rich dairy products and the widespread availability of pre-packaged milk will augment the need for effective packaging systems.
North America non-alcoholic beverage packaging market is set to surpass USD 30.5 billion by 2032 owing to the surging consumption of non-alcoholic beverages, mainly in the U.S. The country is one of the largest exporters of non-alcoholic drinks in the world with a solid footprint of leading beverage companies. As per the U.S. Department of Agriculture (USDA), the export sales of non-alcoholic beverages in 2021 reached a record high of USD 11.4 million. However, favorable tax and regulatory frameworks associated with non-alcoholic drinks is expected to offer lucrative business prospects.
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Non-alcoholic Beverage Packaging Market Scope
