The global non-alcoholic beverage packaging market is projected to expand at a steady CAGR of 5.1% through 2033. Worldwide demand for non-alcoholic beverage packaging solutions is predicted to reach a market value of US$ 235 billion by the end of 2033, up from US$ 143 billion in 2023.
The demand for non-alcoholic beverage packaging has increased as a result of an increase in disposable income, which leads to higher standards of life and the expansion of the non-alcoholic beverage packaging market. Another key factor driving the expansion of the global non-alcoholic beverage packaging market is the increase in urbanisation, which fuels rising demand for non-alcoholic beverage packaging in establishments like corporate offices and supermarkets. The market is comprehensively evaluated in the study on the global non-alcoholic beverage packaging industry. The research provides a thorough analysis of the market’s key segments, trends, drivers, restraints, competitive environment, and other important elements.
Market Overview:
The global non-alcoholic beverage packaging market’s main growth driver is the increase in disposable income. All of the qualities of a great alcoholic drink are present in a superb non-alcoholic (NA) beverage. Although taste is incredibly subjective, there are several essential elements that contribute to a drink’s sense of balance, specifically an ideal balance of acidity, sweetness, bitterness, salt, and water. In addition, rising young health consciousness has increased the market for bottled juices, energy drinks, and health drinks, creating enormous opportunity for producers to boost sales. Additionally, the demand for bottled water and flavoured water enhanced with vitamins, natural flavours, or flavourings derived from nature, such as basil, fruits, mint, hibiscus, orange, and lemon, has increased along with the growth in tourism, ease of access to bottled water, and preference for a healthy lifestyle on the go. Because packaging trash takes so long to disintegrate, it affects the ecology. Governments all over the world are tackling this issue by enacting stringent regulations that the beverage packaging sector must adhere to.
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Global Non-Alcoholic Beverage Packaging Market – Segmentation
The global non-alcoholic beverage packaging market is segmented on the basis of product type and distribution channel type.
Based on product type, the market is segmented into,
• Carbonated Soft Drinks
• Bottled Water
• Tea & Coffee
• Juices
• Others
Based on distribution channel, the market is segmented into,
• Food Service
• Retail
Global Non-Alcoholic Beverage Packaging Market – Regional Analysis
It is estimated for the region of US to drive the growth of the market during the forecast period. The growing in the technological advancements in the food sector in the region is estimated to foster the growth of the market during the forecast period. The region of Europe is estimated to witness growth at a healthy rate during the forecast period. The Asia Pacific region is also estimated to witness a notable growth rate in the market.
Global Non-Alcoholic Beverage Packaging Market – Key Market players
Nestlé; PepsiCo; Unilever; Keurig Dr Pepper Inc.; The Coca-Cola Company; Cott Corporation; Danone S.A.; SUNTORY BEVERAGE & FOOD LIMITED; Asahi Group Holdings, Ltd.; Red Bull are the major players that are driving the growth of the market during the forecast period.
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Market Restraints:
A significant restraint is anticipated to come from the rising cost of the raw materials used to make beverage packaging. Plastic is a highly favored raw material for beverage packaging. The market for beverage packaging is expected to develop, although to some extent will be constrained by the fluctuating costs of the raw ingredients used to make plastics. The expansion of the beverage packaging market is anticipated to be constrained by the lack of qualified personnel to operate sophisticated packaging equipment utilized throughout the food & beverage industry. Additionally, it is anticipated that the high maintenance costs linked to the beverage packaging solution will restrain market expansion.
The study of several aspects that foster the market’s expansion is included in the research report. It consists of patterns, barriers, and forces that alter the market either favourably or unfavourably. The scope of various market segments and applications that may in the future have an impact on the market is also included in this section. The specifics are based on historical turning points and present trends. The report also introduces players in the market from the standpoint of market share, concentration ratio, etc. and describes the top companies in detail for the competitive landscape so that readers can get a better understanding of their rivals and the competitive environment in general.
Global Non-Alcoholic Beverage Packaging Market – Growth Factors
The growing awareness about the non consumption of alcoholic products is estimated to boost the growth of the market during the forecast period. In order to shift their focus from alcoholic products, people are shifting more towards non-alcoholic products and this factor is also boosting the growth of the market during the forecast period. Growth in the advertising of these non-alcoholic products is also creating urge within people to try these products and this factor is also estimated to boost the growth of the market during the forecast period. The growth in the sales of these products through the online medium of marketing is also estimated to foster the growth of the market during the forecast period.
Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
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