Global Drinks Packaging Market, By Material (Glass, Plastics, Metal, Paperboard, Others), Packaging Type (Box, Bottle, Cartons, Cans, Pouch, Jars, Others), Application (Carbonated Drinks, Alcoholic Beverages, Bottled Water, Milk, Fruit and Vegetable Juices, Energy Drinks, Plant-based Drinks and Other Applications), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Data Bridge Market Research analyses that the drinks packaging market will project a CAGR of 5.43% for the forecast period of 2021-2028. Rising demand and consumption of alcoholic beverages, increased consumption of ready to drink beverages and ever-rising population coupled with increasing personal disposable income are the factors driving the growth of drinks packaging market.
From the name itself, it is clear that drinks packaging are the packaging solutions that are used for alcoholic and non-alcoholic beverages. The drinks packaging solutions offer convenience in handling and portability. The drinks packaging solutions protect the liquid from any contamination and keep it fresh. The drinks packaging solutions also improve the shelf life of the product. These are further helpful in performing functions like storing, grading, warehousing and labelling. A wide range of materials are available in the market that can be used as ingredients to manufacture drinks packaging cartons.
Rising demand for bottled water owing to increasing travel and tourism is driving the growth in its market value. Growing demand for sustainable and convenient packaging solution will further expand the demand for drinks packaging solutions globally. Rising technological advancements in the packaging solutions technology and functionality designs will further induce growth in the demand for drinks packaging. Increasing usage of stand-up pouches and bag-in-box packaging solutions for both alcoholic and non-alcoholic beverages will indirectly promote the market growth rate. Growth and expansion of beverages industry globally is another important factor propelling growth in the demand for drinks packaging solutions.
However, stringent regulations imposed on the disposal of plastics in regards to rising environmental concerns will create hindrances in of drinks packaging market growth. Fluctuations or volatility in the prices of raw materials will again challenge the drinks packaging market growth rate.
This drinks packaging market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on drinks packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Drinks Packaging Market Scope and Market Size
Global drinks packaging market is segmented on the basis of material, packaging type and application. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of material, the drinks packaging market is segmented into glass, plastics, metal, paperboard and others.
- On the basis of packaging type, the drinks packaging market is segmented into box, bottle, cartons, cans, pouch, jars and others.
- Based on application, the drinks packaging market is segmented into carbonated drinks, alcoholic beverages, bottled water, milk, fruit and vegetable juices, energy drinks, plant-based drinks and other applications.
Global Drinks Packaging Market Country Level Analysis
The global drinks packaging market is analysed and market size insights and trends are provided by country, material, packaging type and application as referenced above.
The countries covered in the drinks packaging market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the drinks packaging market and will continue to flourish its dominance during the forecast period with the highest CAGR. This is because of the increased consumption of alcoholic beverages, bottled water and other drinks. Urbanization, globalization, changing tastes and preferences and rising demand for the consumption of beverages owing to the ever-rising population and growing personal disposable income will further create lucrative growth opportunities in this region for the drinks packaging market. Growth and expansion of food and beverages industry will further induce growth in the demand for drinks packaging. Shifting consumer lifestyle and availability of packaging raw materials will also promote the demand for drinks packaging.
The country section of the drinks packaging market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Drinks Packaging Market Share Analysis
The drinks packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to drinks packaging market.
The major players covered in the drinks packaging market report Amcor plc, 3M, DuPont., Tetra Laval International S.A., Mondi, Berry Global Inc., Ardagh Group S.A., Bemis Manufacturing Company, Graham Packaging Company., Crown, AptarGroup, Inc., O-I, BALL CORPORATION, CANPACK, CKS Packaging, Inc., Refresco Group, Sonoco Products Company, ProAmpac., Toyo Seikan Group Holdings, Ltd. and Alcoa Corporation among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.