Beverage Packaging Market Size, Share, Growth, Trends, and Global Industry Analysis: By Material (Plastic, Glass, Metal, and Others), By Product (Can, Bottle & jars, Pouch, Carton, and Others), By Application (Alcoholic and Non-alcoholic), and Region Forecast 2020-2031

Beverage Packaging Market size was valued at US$ 150.4 billion in 2024 and is expected to reach US$ 200.5 billion by 2031, growing at a significant CAGR of 4.2% from 2025-2031. The industry is involved in the manufacturing and supply of packaging materials and solutions specifically designed for beverages. It includes packaging formats such as bottles, cans, cartons, pouches, and others that ensure the safe storage, transportation, and consumption of various beverages, including carbonated drinks, juices, water, alcoholic beverages, and more. One of the primary drivers of the market is the increasing consumption of beverages, driven by changing consumer preferences, urbanization, and lifestyle changes. The market demand for convenient, on-the-go packaging options, along with the rise in e-commerce and home delivery services, has also fueled the market's growth.

However, the market faces several challenges such as sustainability and environmental concerns, with the need for eco-friendly packaging materials and reducing plastic waste. Regulations and standards related to food safety and hygiene pose compliance challenges for packaging manufacturers. Additionally, fluctuating raw material costs, limited recycling infrastructure, and stringent quality control requirements add complexity to the market. The market growth is driven by increasing beverage consumption, changing consumer preferences, and the demand for convenient packaging options. However, challenges related to sustainability, regulations, and cost control need to be addressed for the market's sustainable growth and success.

Key Developments

• May 2023: Coca-Cola and The Coca-Cola Foundation announced a $10 million investment in a new beverage packaging research and development center at the University of California, Davis. The center will focus on developing new packaging technologies that are more sustainable and environmentally friendly.
• April 2023: PepsiCo and Amcor announced a collaboration to develop new sustainable packaging solutions for PepsiCo's brands. The companies will work together to develop new packaging materials, designs, and manufacturing processes that reduce the environmental impact of PepsiCo's packaging.