Beverage Packaging Market to reach USD 265.8 Billion by 2032, Says Global Market Insights inc.
Beverage Packaging Industry size is expected to register 5.7% CAGR between 2024 and 2032 propelled by expansion of the food and beverage industry.
Selbyville, Delaware , May 21, 2024 (GLOBE NEWSWIRE) — Beverage Packaging Market value could reach USD 265.8 billion by 2032, as per a
Europe to capture a substantial market share
Europe beverage packaging market will register a robust CAGR from 2023 to 2032. With increased environmental awareness, there has been a significant shift towards sustainable packaging solutions. European consumers are increasingly choosing environmentally friendly packaging materials such as paper, cardboard, and bioplastics. This trend is further fueled by stringent regulations and policies to reduce plastic waste. Also, innovations in packaging design, such as lightweight and convenient materials, cater to evolving customer lifestyle preferences. Due to the presence of beverage companies in Europe, investments in advanced packaging technologies have grown to meet rising demands, supporting market growth in the region.
Beverage Packaging Market Players
Combibloc Group AG, Evergreen Packaging LLC, Tetra Pak International S.A., Berlin Packaging LLC, Ball Corporation, Plastipak Holdings, Inc., Amcor plc, DS Smith Plc, Graham Packaging Company, Huhtamaki Group, AptarGroup, Inc., Crown Holdings, Inc., Owens-Illinois, Inc., WestRock Company, Berry Global Group, Inc., among others.
Leading beverage packaging market companies are creating market demand through targeted efforts. These companies are investing in innovative packaging solutions that meet customer preferences in terms of sustainability, convenience, and product innovation. With advanced technologies such as environmentally friendly materials, lightweight designs, and aesthetic packaging, these brands meet the evolving needs of the beverage industry. Their focus on increasing packaging efficiency to reduce environmental impact is driving market growth and reshaping the industry landscape.
In May 2024, Aldi aimed to convert all its soft drink juice bottles to 100% recycled PET (rPET), aiming to save 10,000 tonnes of virgin plastic per year. Aldi claimed that it would become the UK’s leading supermarket supplier of drinks and products would be packaged in 100% recycled materials, except caps and labels.
About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
CONTACT: Aashit Tiwari Corporate Sales, USA Global Market Insights Inc. Toll Free: +1-888-689-0688 USA: +1-302-846-7766 Europe: +44-742-759-8484 APAC: +65-3129-7718 Email: [email protected]
