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Beer Packaging Market Trends, Top Companies, Share, Growth And Forecast 2033

04-30-2024 12:48 PM CET | Logistics & Transport

Press release from: The Business research company

Beer Packaging Market

Beer Packaging Market

The beer packaging market size has grown steadily in recent years. It will grow from $9.75 billion in 2023 to $10.16 billion in 2024 at a compound annual growth rate (CAGR) of 4.1%. The growth in the historic period can be attributed to consumer preferences, regulatory compliance, brand differentiation, supply chain optimization, market trends..

The beer packaging market size is expected to see steady growth in the next few years. It will grow to $11.71 billion in 2028 at a compound annual growth rate (CAGR) of 3.6%. The growth in the forecast period can be attributed to sustainability initiatives, premiumization, e-commerce growth, health and wellness trends, global market expansion.. Major trends in the forecast period include digitalization in labeling and packaging, expansion of aluminum bottle usage, focus on eco-friendly materials, introduction of smart packaging, shift toward minimalist design..

Market Overview -
Beer packaging refers to the materials and containers used to store and transport beer from the brewery to the consumer. Beer packaging comes in a wide variety of packages of different sizes, shapes, and materials and it is used to provide an additional layer to the beer to avoid physical and chemical changes in beer forming barriers to external environmental factors.

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Beer Consumption Fueling Beer Packaging Market Growth
Increasing consumption of beer is expected to propel the growth of the beer packaging market going forward. Beer is an alcoholic beverage that is produced by brewing and fermenting grains, typically malted barley, then flavoring it with hops and other ingredients to give it a mildly bitter flavor. As beer is a popular alcoholic beverage that is consumed by millions of people worldwide, the demand for beer packaging has been growing steadily. Beer packaging is critical for preserving the flavor and freshness of the beer, and to maintain its quality. For instance, in April 2022, according to Alcohol and tobacco tax and trade bureau, a US-based federal department, the production of beer increased from 179.96 million barrels in 2021 to 180.88 million barrels in 2022. Therefore, the increasing consumption of beer is driving the growth of beer packaging.

Competitive Landscape -
Major companies operating in the beer packaging market report are ActionPak Inc., AGI glaspac Ltd., Allied Glass Containers Ltd., Amcor Group GmbH, Ardagh Group SA, Ball Corporation, Berlin Packaging LLC, Canpack SA, Carlsberg Breweries A/S, Crawford Packaging Materials Ltd., Crown Holdings Inc., Graphic Packaging Holding Company, Messe Düsseldorf GmbH, Nampack Ltd., Smurfit Kappa Group plc, Tetra Laval International SA, Westrock Company, Fabri-Kal Corp., Great Little Box Company Ltd., Owens-Illinois Inc., Plastipak Holdings Inc., Rexam plc, Asahi Group Holdings Ltd., Beatson Clark Ltd., DS Smith plc, Gerresheimer AG, Heineken N.V., Kirin Holdings Company Limited, Krones AG, Molson Coors Beverage Company .

Innovative Brewing Advancements Reshaping Beer Packaging Trends
Product innovation is a key trend gaining popularity in the beer packaging market. Major market players are concentrating their efforts on creating innovative products such as smart packaging, biodegradable packaging, oxygen scavengers, digital printing, and tamper-evident seals to strengthen their position in the market. Biodegradable packaging refers to a type of packaging that naturally dissolves and disintegrates. It is made from materials like paper, corn-starch, and bioplastics and is becoming more popular in beer packaging. For instance, in March 2021, Corona, a Belgium-based company, launched biodegradable packaging made from barley by-products. Corona rolled out biodegradable six-pack holders made from barley waste created in the beer-making process, which is sustainable packaging and environmentally friendly.

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https://www.thebusinessresearchcompany.com/report/beer-packaging-global-market-report

Key Segments -

The beer packaging market covered in this report is segmented -

1) By Packaging Type: Bottle, Keg, Can
2) By Packaging Material: Glass, Metal, Polyethylene Terephthalate (PET)
3) By Form: 12-PACK, 4-PACK, 6-PACK

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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