Non-Alcoholic Beverage Packaging Market to Reach US$ 235 Billion at a CAGR of 5.1% by 2033

The global non-alcoholic beverage packaging market is forecasted to exhibit a consistent Compound Annual Growth Rate (CAGR) of 5.1% until 2033. The worldwide demand for packaging solutions for non-alcoholic beverages is anticipated to achieve a market value of US$ 235 billion by the conclusion of 2033, marking a substantial increase from the US$ 143 billion recorded in 2023.

Non-alcoholic beverages encompass a wide array of drinks that contain less than 0.5% alcohol by volume or are entirely devoid of alcohol. This category includes a diverse range of beverages, spanning from simple to exotic and from hot to cold. While some of these popular non-alcoholic drinks are crafted in dispense bars, others are produced 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.

Growth Drivers:

Increasing Health Awareness: As consumers become more health-conscious, there is a growing demand for non-alcoholic beverages such as natural fruit juices, bottled water, and functional beverages. This trend drives the need for innovative and sustainable packaging solutions that maintain the quality and freshness of these products.

Changing Consumer Preferences: Shifting consumer preferences towards non-alcoholic beverages over sugary and alcoholic drinks have created a surge in demand for various types of non-alcoholic beverages, from herbal teas to energy drinks. This diversification in product offerings requires packaging diversity to cater to different tastes and needs.

Environmental Concerns: The packaging industry, including non-alcoholic beverage packaging, is increasingly focused on sustainability. This includes the use of eco-friendly materials, reducing plastic waste, and promoting recyclability. Sustainable packaging options, like paper-based cartons and reusable bottles, are gaining popularity.

Convenience and Portability: Consumers seek convenience and portability in their beverage choices. This has led to the demand for packaging formats such as PET bottles, cans, and pouches that are easy to carry, open, and reseal.

Innovation in Packaging Design: Beverage companies are constantly innovating in terms of packaging design to stand out on the shelves and attract consumers. Creative, eye-catching, and functional packaging can significantly influence purchasing decisions.

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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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.