Overview and Scope
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.
Sizing and Forecast
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..
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Segmentation & Regional Insights
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
North America was the largest region in the beer packaging market in 2023. The regions covered in the beer packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting 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.
Key Industry Players
Major companies operating in the beer packaging market are undergoing partnerships to drive revenues in the market. The ecoSPIRITS closed-loop system allowed Diageo to reduce its carbon footprint and eliminate unnecessary glass waste with its on-premise customers. For instance, in October 2022, Diageo, a UK-based beverages company collaborated with ecoSPIRITS, a Singapore-based beverages packaging company, and launched the first ecoSPIRITS Intelligent Circular Closed Loop Network. This is a system aimed at reducing waste and environmental impact in the spirits industry, specifically in the packaging and distribution aspects. The SmartPour 2.0S Smirnoff Edition is the first Internet-of-Things (IoT) device to be officially powered by ecoSPIRITS’ cloud-based CircularONE software platform, which aims to improve the security, scalability, and efficiency of ecoSPIRITS’ global closed-loop network.
The beer packaging market report table of contents includes:
1. Executive Summary
2. Beer Packaging Market Characteristics
3. Beer Packaging Market Trends And Strategies
4. Beer Packaging Market – Macro Economic Scenario
5. Global Beer Packaging Market Size and Growth
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31. Global Beer Packaging Market Competitive Benchmarking
32. Global Beer Packaging Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Beer Packaging Market
34. Beer Packaging Market Future Outlook and Potential Analysis
35. Appendix
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