Beverage Container Market: Size, Share, Trends & Forecast (2024-2029)
The report covers a comprehensive analysis segmented by Material (Plastic, Metal, Glass, Paperboard, Others), by Container (Bottles & Jars, Cartons, Cans, Bag-In-Boxes, Pouches, Others), by Application (Alcoholic Beverages, Non-Alcoholic Beverages, Others), by Distribution Channel (Retail Stores, Wholesalers, Others), By Geography (North America, South America, Asia Pacific, Europe, The Middle East, Africa).
Beverage Container Market Snapshot
Beverage Container Market Overview
The global beverage container market is estimated to be at $204.4 Bn in 2024 and is anticipated to reach $251.56 Bn in 2029. The global beverage container market is registering a CAGR of 4.24% during the forecast period 2024-2029.
The global market for beverage containers is substantial and mainly driven by the demand for various types of drinks, such as carbonated drinks, bottled water, juices, alcoholic beverages, energy drinks, and ready-to-drink teas and coffees. The packaging material for these drinks is diverse and includes glass, plastic, metal, and paper-based cartons. The market is shaped by several trends, including a shift towards sustainability, innovation in packaging design and materials, customization and personalization, convenience and portability, and advancements in smart packaging technology.
The beverage container market is geographically diverse, with significant growth opportunities in emerging economies due to the rise in disposable incomes, urbanization, and changing consumer preferences. It is anticipated that the market will keep growing due to a number of factors, including rising e-commerce, growing middle-class population, growing urbanization, and developing trends in health and wellness. Sustainability will remain a central theme, influencing product innovation, consumer preferences, and regulatory developments. The beverage container market presents significant opportunities for companies to innovate, expand their product offerings, and address evolving consumer needs. However, companies must also navigate challenges related to sustainability, regulation, and competition.
​​​Beverage Container Market Coverage
| Historical & Forecast Period | 2018-2029 |
| Base Year | 2023 |
| Forecast Period | 2024-2029 |
| Units | Billion US$ |
| Segments | Material, Container, Application, Distribution Channel |
| Geographies | North America, South America, Asia Pacific, Europe, The Middle East, Africa |
| Key Vendors | Amcor Ltd., Anchor Glass Container Corp., Ball Corp., O-I Glass, Inc., Crown Holdings, Inc. |
Key Geographies of Beverage Container Market, 2023
Porter’s 5 Forces Analysis of Beverage Container Market
Beverage Container Market Trends
Beverage companies are increasingly adopting the practice of lightweighting their containers. This approach reduces material usage and transportation costs, while significantly minimizing their environmental footprint. This involves designing containers that are thinner and lighter while ensuring that they maintain their structural integrity and product safety. To offer more personalized and customizable packaging options, beverage companies are leveraging technology. For instance, there is a growing trend for re-usability, with initiatives like loop allowing for the use of steel, glass, and durable plastic packaging. Advancements in technology have enabled the development of smart packaging solutions for beverages. These containers may incorporate features such as NFC tags, QR codes, or sensors that provide information about product freshness, origin, and authenticity.
With the rise of e-commerce, beverage companies are paying more attention to packaging designs that are suitable for online retailing. Consumers are increasingly seeking beverages that align with their health and wellness goals. The rise of functional beverages, such as those containing probiotics, vitamins, and natural ingredients, packaged in containers that communicate health benefits and nutritional information. High-end packaging that exudes exclusivity and sophistication is frequently used to package premium and luxury beverages.
Beverage Container Market Driving Factors
Advancements in materials science, manufacturing technologies, and packaging design are driving innovation in beverage containers. From lightweight materials to smart packaging solutions, technological innovations enable beverage companies to meet consumer demands for convenience, functionality, and sustainability. Beverage companies use packaging as a tool for brand differentiation and product positioning. For example, unique bottle shapes, eye-catching labels, premium finishes, and innovative packaging features help brands stand out on the shelf, attract consumer attention, and reinforce brand identity and values.
Intense competition in the beverage industry drives companies to innovate and differentiate their products through packaging. Beverage companies constantly seek ways to gain market share, expand their product offerings, and maintain customer loyalty by offering appealing, functional, and sustainable packaging solutions. Urban populations prefer convenient, on-the-go packaging formats, while emerging markets drive demand for affordable, accessible beverage options tailored to local tastes and preferences. Increasing consumer focus on health and wellness drives demand for functional beverages packaged in containers that communicate health benefits, nutritional information, and ingredient transparency.
Cost considerations drive beverage companies to optimize packaging solutions for efficiency in manufacturing, transportation, and distribution. Lightweighting, downsizing, and material substitution help reduce production costs, minimize carbon emissions, and enhance supply chain sustainability while maintaining product quality and safety.
Beverage Container Market Challenges
The beverage container industry is facing a significant obstacle in the environmental repercussions of packaging materials, particularly single-use plastics. The industry encounters difficulties in promoting recycling due to insufficient collection, sorting, and processing facilities in many regions. This inadequacy results in low recycling rates and heightened waste levels. Efforts to develop sustainable alternatives to traditional packaging materials necessitate substantial investments in research and development. This entails identifying renewable and biodegradable materials that meet performance standards, ramping up production to satisfy demand, and ensuring consistent supply chains. Encouraging the adoption of sustainable packaging practices and altering consumer behavior also presents hurdles for beverage container manufacturers.
Many consumers lack awareness of recycling options, are perplexed by recycling symbols, or lack the motivation to dispose of beverage containers properly. Moreover, sustainable packaging solutions often entail higher production costs compared to conventional materials. Achieving a balance between cost-effectiveness and environmental sustainability poses a challenge for beverage container manufacturing companies, especially in fiercely competitive markets where price sensitivity prevails. Complying with evolving regulatory requirements and standards concerning packaging, recycling, and environmental stewardship further complicates matters. This encompasses the management of logistics, transportation, inventory, and quality control across diverse geographic regions and market segments. Lastly, variations in market trends, consumer preferences, regulatory landscapes, and cultural norms across different regions add complexity for beverage container manufacturers operating in global markets.
Beverage Container Market – Key Industry News
- In January 2024, Hungary launched its Deposit Return Scheme (DRS) for single-use drink containers in partnership with TOMRA and MOL Hulladékgazdálkodási Zrt. (MOHU).
- In April 2024, four major flat-rolled aluminum producers and members of the European Aluminum Packaging Group (EAPG) signed an agreement to increase the recycled content of beverage cans.
- In April 2024, O-I Packaging Solutions and Revino partnered to introduce sustainable, returnable, and reusable glass wine bottles.
Beverage Container Market Competitive Landscape
The participants in the global beverage container industry are always developing their strategies to preserve a competitive advantage. The competitive landscape of the beverage container market is characterized by a high level of competition among a fragmented group of major players. Despite the market concentration being relatively low, the industry is highly competitive due to the nature of the market and the diverse needs of the buyer companies, which are typically large beverage manufacturers. They have been improving technology to offer stronger containers with reduced thickness, weight, and material usage, aiming to maintain lower costs.
The Asia Pacific region is identified as the fastest-growing market, indicating significant opportunities for players looking to expand globally. For example, Ball Corporation and Crown Holdings invest heavily in research and development to advance their manufacturing processes, improve product quality, and introduce innovative features such as resealable cans, easy-open ends, and enhanced printing capabilities. The companies primarily use acquisitions, R&D, partnerships, and technological launches. Several important entities in the beverage container market include Amcor Ltd., Anchor Glass Container Corp., Ball Corp., O-I Glass, Inc., Crown Holdings, Inc., and others.
Beverage Container Market Company Share Analysis, 2023 (%)
Beverage Container Market – Key Companies
Reason to Buy from us
Table of Contents
| 1. Introduction |
|---|
| 1.1. Research Methodology |
| 1.2. Scope of the Study |
| 2. Market Overview / Executive Summary |
| 2.1. Global Beverage Container Market (2018 – 2022) |
| 2.2. Global Beverage Container Market (2023 – 2029) |
| 3. Market Segmentation |
| 3.1. Global Beverage Container Market by Material |
| 3.1.1. Plastic |
| 3.1.2. Metal |
| 3.1.3. Glass |
| 3.1.4. Paperboard |
| 3.1.5. Others |
| 3.2. Global Beverage Container Market by Container |
| 3.2.1. Bottles & Jars |
| 3.2.2. Cartons |
| 3.2.3. Cans |
| 3.2.4. Bag-In-Boxes |
| 3.2.5. Pouches |
| 3.2.6. Others |
| 3.3. Global Beverage Container Market by Application |
| 3.3.1. Alcoholic Beverages |
| 3.3.2. Non-Alcoholic Beverages |
| 3.3.3. Others |
| 3.4. Global Beverage Container Market by Distribution Channel |
| 3.4.1. Food Services |
| 3.4.2. Retail stores |
| 3.4.3. Wholesalers |
| 3.4.4. Others |
| 4. Regional Segmentation |
| 4.1. North America |
| 4.1.1. The U.S |
| 4.1.2. Canada |
| 4.1.3. Mexico |
| 4.2. South America |
| 4.2.1. Brazil |
| 4.2.2. Argentina |
| 4.2.3. Colombia |
| 4.2.4. Chile |
| 4.2.5. Rest of South America |
| 4.3. Asia Pacific |
| 4.3.1. China |
| 4.3.2. India |
| 4.3.3. Japan |
| 4.3.4. South Korea |
| 4.3.5. Rest of Asia Pacific |
| 4.4. Europe |
| 4.4.1. UK |
| 4.4.2. Germany |
| 4.4.3. Italy |
| 4.4.4. France |
| 4.4.5. Spain |
| 4.4.6. Rest of Europe |
| 4.5. The Middle East |
| 4.5.1. Turkey |
| 4.5.2. UAE |
| 4.5.3. Saudi Arabia |
| 4.5.4. Rest of the Middle East |
| 4.6. Africa |
| 4.6.1. Egypt |
| 4.6.2. South Africa |
| 4.6.3. Rest of Africa |
| 5. Value Chain Analysis of the Global Beverage Container Market |
| 6. Porter Five Forces Analysis |
| 6.1. Threats of New Entrants |
| 6.2. Threats of Substitutes |
| 6.3. Bargaining Power of Buyers |
| 6.4. Bargaining Power of Suppliers |
| 6.5. Competition in the Industry |
| 7. Trends, Drivers and Challenges Analysis |
| 7.1. Market Trends |
| 7.1.1. Market Trend 1 |
| 7.1.2. Market Trend 2 |
| 7.1.3. Market Trend 3 |
| 7.1.4. Market Trend 4 |
| 7.1.5. Market Trend 5 |
| 7.2. Market Drivers |
| 7.2.1. Market Driver 1 |
| 7.2.2. Market Driver 2 |
| 7.2.3. Market Driver 3 |
| 7.2.4. Market Driver 4 |
| 7.2.5. Market Driver 5 |
| 7.3. Market Challenges |
| 7.3.1. Market Challenge 1 |
| 7.3.2. Market Challenge 2 |
| 7.3.3. Market Challenge 3 |
| 7.3.4. Market Challenge 4 |
| 7.3.5. Market Challenge 5 |
| 8. Regulatory Landscape |
| 9. Competitive Landscape |
| 9.1. Amcor Ltd. |
| 9.2. Anchor Glass Container Corp. |
| 9.3. Ball Corp. |
| 9.4. O-I Glass, Inc. |
| 9.5. Crown Holdings, Inc. |
| 9.6. Company 6 |
| 9.7. Company 7 |
| 9.8. Company 8 |
| 9.9. Company 9 |
| 9.10. Company 10 |
Beverage Container Market – Frequently Asked Questions (FAQs)
What is the current size of the global beverage container market?
The market size for the global beverage container market in 2024 is $204.4 Bn.
Who are the major vendors in the global beverage container market?
The major vendors in the global beverage container market are Amcor Ltd., Anchor Glass Container Corp., Ball Corp., O-I Glass, Inc., and Crown Holdings, Inc.
Which segments are covered under the global beverage container market segments analysis?
This report offers in-depth insights into each material, container, application, and distribution channel.