Non-Alcoholic Beverage Packaging Market to Attain US$ 235 Billion Valuation at 5.2% CAGR by 2033

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.

Drinks that have less than 0.5% alcohol by volume or are free from alcohol are considered non-alcoholic beverages. A gamut of drinks, from simple to exotic and from hot to cold, is included in these beverages. Some of these popular non-alcoholic drinks are made in dispense bars while others are made in still rooms.

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Key Takeaways from Market Study:

• Sales of non-alcoholic beverage packaging solutions are projected to reach US$ 235 billion by 2033-end.
• The market in Canada is expected to advance at a CAGR of 4.1% through 2033.

• Current value of the non-alcoholic beverage packaging industry is US$ 143 billion.

• The market is expected to progress at a CAGR of 5.1% through 2033.

• Demand for non-alcoholic beverage packaging services in Germany is estimated to expand at a CAGR of 3.7% through 2033.

"Rising inclination towards soft drinks in social gatherings and other occasions, high standard of living, and growing number of breweries are projected to stimulate the sales of non-alcoholic beverage packaging solutions," says a Fact.MR analyst.

Competitive landscape:

Prominent players in the industry are taking various initiatives such as novel product development, partnerships, and others.
Such as :

• Bragg Live Food Products and Ardagh Group S.A. in March 2021 started putting efforts to introduce a new 16oz glass bottle to pack its beverage range of apple cider vinegar.

• Amcor Group GmbH, in December 2020, established a partnership with Nutrea to provide its repro protein juice that is packed into a hot-fill PET (Polyethylene Terephthalate) bottle.

Key players in the non-alcoholic beverage packaging market are Allied Glass Containers Ltd., Tetra Pack GmbH & Co. KG, Ball Corporation, Silgan Holdings, Inc., CKS Packaging Inc., Parksons Packaging Ltd., Genpak LLC, and Mondi PLC.

Non-Alcoholic Beverage Packaging Industry Research Segments:

• By Type :
o Cans
o Bottles & Jars
o Pouches
o Others

• By Distribution Channel :
o Supermarkets/Hypermarkets
o Specialty Stores
o Department Stores
o e-Commerce
o Others

• By Material :
o Plastic
o Metal
o Glass
o Paper
o Metal Foils
o Others

• By Region :
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East & Africa

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More Valuable Insights on Offer:

Fact.MR, in its new offering, presents an unbiased analysis of the global non-alcoholic beverage packaging market for the period of 2023-2033.
The study divulges essential insights into the market on the basis of type (cans, bottles & jars, pouches, others), distribution channel (supermarkets/hypermarkets, specialty stores, department stores, e-Commerce, others), and material (plastic, metal, glass, paper, metal foil, others), across five major regions (North America, Europe, Asia Pacific, Latin America, and MEA).

Questionnaire answered in the Market outlook Report of Non-Alcoholic Beverage Packaging include:

• What is the key strategy deployed by large players to maximize Non-Alcoholic Beverage Packaging Market growth?

• What are the main challenges faced by players in the Non-Alcoholic Beverage Packaging market Demand?

• With the advent of technological advancement, how will the Non-Alcoholic Beverage Packaging market landscape change over the forecast period?

• What does player bring to the table which is unique as a strategy, and is easy to emulate for new investors in the Non-Alcoholic Beverage Packaging market size?

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This release was published on openPR.