The Packaged beverage market is predicted to expand at a CAGR of 3.14% to account for US$ 2.11 trillion by 2030 from US$1.81 trillion in 2025.
The packaged beverage market is a dynamic and highly competitive sector of the global food and beverage industry. It encompasses a wide range of products, including carbonated soft drinks, bottled water, energy drinks, fruit juices, ready-to-drink teas and coffees,sports drinks, and alcoholic beverages likebeer. There are several factors which are driving the growth of the packaged beverage market such as the change in consumer preferences followed by an increase in health and wellness. Consumer preferences have shifted towards healthier beverage options, including low-calorie and natural products. This trend has led to the rise of beverages like flavored water, herbal teas, and functional drinks with added vitamins and minerals. Furthermore, with an increase in health awareness, consumers are being prompted to seek out beverages with functional benefits such as probiotics, antioxidants, and natural ingredients. These health-focused options are driving market growth, especially in segments like organic and plant-based beverages.
Key developments in the market are also driving the market growth. For instance, in November 2022, Tetra Pak inked a substantial contract worth $2.5 million with Uniboard, marking a significant step in their commitment to sustainability. The agreement is geared towards the establishment of a cutting-edge cardboard recycling facility specifically designed to process used beverage cartons (UBC). This substantial investment will be channeled into the construction of a state-of-the-art plant with the capacity to recycle a substantial 8,000 tonnes of UBC annually. The objective is to have this facility fully operational by the year 2023.
In May 2022, a noteworthy collaboration unfolded between O-I Glass Inc. and Coca-Cola UNITED. Their joint initiative centered around the recycling of glass bottles, embodying a shared vision of a more sustainable future. By the target year of 2030, Coca-Cola UNITED aims to incorporate a remarkable 50% recycled material into its bottles, underscoring its steadfast commitment to a waste-free world. To achieve this ambitious goal and bolster their collection of recycled glass for the production of new glass bottles, the bottling company has forged a strategic partnership with O-I Glass. This partnership holds the promise of reducing environmental impact and promoting the circular economy.
As per the estimates by the U.S. Department of Commerce, the e-commerce sales have been increasing continuously. According to the data online retail sales contribute around 16% of the total purchase in the US retail industry . In the projected period, this is expected to increase due to factors like increasing refunds and discounts from the e-commerce providers coupled with increasing digitalization in countries such as the United States and increasing penetration of technological advancements in the country are anticipated to aid the market for e-commerce packaging in the projected period.
The major economies like China, Japan, India, and South Korea lead the Asia-Pacific region. Some of the fastest-growing emerging economies, such as ASEAN countries, are from this region.
The quick shifts in beverage packaging patterns across the nation are one of the main drivers fueling the market's expansion. The use of innovative packaging solutions has grown significantly. The creation of novel active systems that can interact with the product or its surroundings, structural alteration of packaging materials, customer acceptability, security, and enhancement of beverage preservation are the main focuses of contemporary beverage packaging trends.
Moreover, the rising consumption of ready-to-drink (RTD) beverages as a result of consumers' busy schedules and inactive lifestyles has also increased the demand. Additionally, the high frequency of gut-related ailments such as gastroesophageal reflux disease (GERD), ulcers, gastroenteritis, etc. has elevated consumer health concerns, which is thought to be the primary driver driving the market's growth. The market is anticipated to expand as a result of product launches, upgrades, sustainability, and other factors.
The food and beverage sectors in India are the main drivers of the beverage packaging market's expansion. The expansion of organized retail, the rise in middle-class consumer buying power, and exports all contribute to the market's expansion. As a result, uniform packaging is now required to increase shelf life, maintain production efficiency, and guarantee quality.
Moreover, the region's beverage sector is seeing an increase in demand for sauces or bottles of ketchup as well as fruit pulp, juices, and other concentrates. Additionally, the rising demand for drinks in the area has been primarily fueled by a variety of health beverages, milk products, beer, and liquors, which has led to market expansion. Additionally, the top beverage producers in India manufacture a variety of goods, including tea and coffee, to international markets every year. For instance, UFlex Limited, the largest international flexible packaging materials & solution provider in India, has introduced a packaging option for the beverages market called "Asepto Eye." Due to its superior packaging, Asepto's most recent product brings aseptic packaging into the current age and advances the brand's commitment to innovation.
Further, as per the Indian Brand Equity Foundation, India's market for carbonated beverages is approximately US$ 1.5 billion, compared to US$ 0.25 billion for the market for juice and juice-based beverages. The fruit-drink category is one of the fastest-growing in the beverage sector, expanding at a pace of 25%. Sports and energy drinks, which currently have a low market penetration in India, have enough room to expand. Alcoholic beverage sales have been steadily increasing. According to "The Future of Wine," a report on the health of the wine industry over the past 50 years, the wine market in India was expanding at a rate of more than 25% annually.
The packaged beverage market is a dynamic and highly competitive sector of the global food and beverage industry. It encompasses a wide range of products, including carbonated soft drinks, bottled water, energy drinks, fruit juices, ready-to-drink teas and coffees,sports drinks, and alcoholic beverages likebeer. There are several factors which are driving the growth of the packaged beverage market such as the change in consumer preferences followed by an increase in health and wellness. Consumer preferences have shifted towards healthier beverage options, including low-calorie and natural products. This trend has led to the rise of beverages like flavored water, herbal teas, and functional drinks with added vitamins and minerals. Furthermore, with an increase in health awareness, consumers are being prompted to seek out beverages with functional benefits such as probiotics, antioxidants, and natural ingredients. These health-focused options are driving market growth, especially in segments like organic and plant-based beverages.
Key developments in the market are also driving the market growth. For instance, in November 2022, Tetra Pak inked a substantial contract worth $2.5 million with Uniboard, marking a significant step in their commitment to sustainability. The agreement is geared towards the establishment of a cutting-edge cardboard recycling facility specifically designed to process used beverage cartons (UBC). This substantial investment will be channeled into the construction of a state-of-the-art plant with the capacity to recycle a substantial 8,000 tonnes of UBC annually. The objective is to have this facility fully operational by the year 2023.
In May 2022, a noteworthy collaboration unfolded between O-I Glass Inc. and Coca-Cola UNITED. Their joint initiative centered around the recycling of glass bottles, embodying a shared vision of a more sustainable future. By the target year of 2030, Coca-Cola UNITED aims to incorporate a remarkable 50% recycled material into its bottles, underscoring its steadfast commitment to a waste-free world. To achieve this ambitious goal and bolster their collection of recycled glass for the production of new glass bottles, the bottling company has forged a strategic partnership with O-I Glass. This partnership holds the promise of reducing environmental impact and promoting the circular economy.
Packaged beverage market drivers
Consumer preferences towards online shopping
With the increasing disposable income, growing working population, hectic work schedule, and change in lifestyle people nowadays have less time to spend and going from one store to another. Additionally, the option to get their products delivered to the doorsteps without any hassle is aiding the market for packaged beverages to grow in the coming years. Further, the increasing boost of e-commerce companies can be experienced in developing countries such as India, as these were untapped markets in the past but are gaining popularity in the market in the coming years. Hence, major reasons are anticipated to grow the market for e-commerce packaging in the projected period.As per the estimates by the U.S. Department of Commerce, the e-commerce sales have been increasing continuously. According to the data online retail sales contribute around 16% of the total purchase in the US retail industry . In the projected period, this is expected to increase due to factors like increasing refunds and discounts from the e-commerce providers coupled with increasing digitalization in countries such as the United States and increasing penetration of technological advancements in the country are anticipated to aid the market for e-commerce packaging in the projected period.
Packaged beverage market Geographical outlooks
Asia-Pacific to hold significant shares of the Packaged beverage market.The major economies like China, Japan, India, and South Korea lead the Asia-Pacific region. Some of the fastest-growing emerging economies, such as ASEAN countries, are from this region.
The quick shifts in beverage packaging patterns across the nation are one of the main drivers fueling the market's expansion. The use of innovative packaging solutions has grown significantly. The creation of novel active systems that can interact with the product or its surroundings, structural alteration of packaging materials, customer acceptability, security, and enhancement of beverage preservation are the main focuses of contemporary beverage packaging trends.
Moreover, the rising consumption of ready-to-drink (RTD) beverages as a result of consumers' busy schedules and inactive lifestyles has also increased the demand. Additionally, the high frequency of gut-related ailments such as gastroesophageal reflux disease (GERD), ulcers, gastroenteritis, etc. has elevated consumer health concerns, which is thought to be the primary driver driving the market's growth. The market is anticipated to expand as a result of product launches, upgrades, sustainability, and other factors.
The food and beverage sectors in India are the main drivers of the beverage packaging market's expansion. The expansion of organized retail, the rise in middle-class consumer buying power, and exports all contribute to the market's expansion. As a result, uniform packaging is now required to increase shelf life, maintain production efficiency, and guarantee quality.
Moreover, the region's beverage sector is seeing an increase in demand for sauces or bottles of ketchup as well as fruit pulp, juices, and other concentrates. Additionally, the rising demand for drinks in the area has been primarily fueled by a variety of health beverages, milk products, beer, and liquors, which has led to market expansion. Additionally, the top beverage producers in India manufacture a variety of goods, including tea and coffee, to international markets every year. For instance, UFlex Limited, the largest international flexible packaging materials & solution provider in India, has introduced a packaging option for the beverages market called "Asepto Eye." Due to its superior packaging, Asepto's most recent product brings aseptic packaging into the current age and advances the brand's commitment to innovation.
Further, as per the Indian Brand Equity Foundation, India's market for carbonated beverages is approximately US$ 1.5 billion, compared to US$ 0.25 billion for the market for juice and juice-based beverages. The fruit-drink category is one of the fastest-growing in the beverage sector, expanding at a pace of 25%. Sports and energy drinks, which currently have a low market penetration in India, have enough room to expand. Alcoholic beverage sales have been steadily increasing. According to "The Future of Wine," a report on the health of the wine industry over the past 50 years, the wine market in India was expanding at a rate of more than 25% annually.
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- Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, other sub-segments.
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Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive IntelligenceReport Coverage:
- Historical data & forecasts from 2022 to 2029
- Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
- Competitive Positioning, Strategies, and Market Share Analysis
- Revenue Growth and Forecast Assessment of segments and regions including countries
- Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)
The Packaged beverage market is segmented and analyzed as below:
By Type
- Alcoholic Beverages
- Non-Alcoholic Beverage
- Juices
- Milk
- Carbonated Soft Drinks
- Bottled Water
By Packaging Type
- Cartons
- Cans
- Bottles
- Others
By Distribution Channel
- Online
- Offline
By Geography
- North America
- South America
- Europe
- Middle East and Africa
- Asia-Pacific
Table of Contents
1. INTRODUCTION
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
5. PACKAGED BEVERAGE MARKET BY TYPE
6. PACKAGED BEVERAGE MARKET BY PACKAGING TYPE
7. PACKAGED BEVERAGE MARKET BY DISTRIBUTION CHANNEL
8. PACKAGED BEVERAGE MARKET BY GEOGRAPHY
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
10. COMPANY PROFILES
Companies Mentioned
- Unilever
- The Coca Cola Company
- Nestle
- Pepsi co Inc.
- Jones Soda Co.
- Danone
- Appalachian Brewing Company
- GCMMF (Amul)
- Keurig Dr Pepper Inc.
- Bacardi Limited
- Carlsberg Breweries A/S
- Heineken N.V.
- Suntory Holding Limited
- Constellation Brands Inc.
- Molson Coors Brewing Company
- United Breweries Ltd.
- Brown-Forman Corporation
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 127 |
| Published | December 2024 |
| Forecast Period | 2025 - 2030 |
| Estimated Market Value ( USD | $ 1.81 Trillion |
| Forecasted Market Value ( USD | $ 2.11 Trillion |
| Compound Annual Growth Rate | 3.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 17 |
