The Latest Beverage Packaging Industry Statistics Explained
The global beverage packaging market was valued at USD 117.74 billion in 2019.
The statistic “The global beverage packaging market was valued at USD 117.74 billion in 2019” indicates the total worth of packaging materials and containers specifically designed for the beverage industry worldwide in the year 2019. This value encompasses various types of packaging such as bottles, cans, cartons, and pouches used for packaging beverages like soft drinks, alcoholic drinks, juices, and water. The significance of this statistic lies in its reflection of the size and economic importance of the global beverage packaging industry, serving as a key indicator for understanding market trends, consumer preferences, and industry growth potential.
The market is expected to reach USD 178.79 billion by 2025, growing at a CAGR of 7.08% over the forecast period 2020-2025.
This statistic indicates that the market size is projected to increase to USD 178.79 billion by the year 2025. The market is expected to grow at a Compound Annual Growth Rate (CAGR) of 7.08% over the forecast period from 2020 to 2025. This growth rate suggests a consistent annual increase in market value, reflecting positive momentum and potential opportunities for businesses operating within this market. The forecasted growth rate provides valuable insights for stakeholders to assess the market’s attractiveness and potential for investment, expansion, or strategic decision-making.
Glass packaging is anticipated to grow at a CAGR of 5.1% from 2020 to 2027.
The statement indicates that the glass packaging industry is expected to grow at a Compound Annual Growth Rate (CAGR) of 5.1% from 2020 to 2027. This means that the market for glass packaging materials is projected to increase by an average annual rate of 5.1% over this time period. This growth rate serves as a predictive measure of how the industry is likely to expand in terms of revenue or sales volumes each year, providing valuable insight into the potential trajectory of the market for glass packaging products.
The Asia Pacific region accounted for the largest market share of 31.8% in 2019.
This statistic indicates that in 2019, the Asia Pacific region had the highest market share compared to other regions, accounting for 31.8% of the total market. This means that a significant portion of the market activity and demand for goods and services occurred in the Asia Pacific region during that year. The data suggests that businesses operating in or targeting this region may have experienced a larger potential customer base and market opportunities compared to other regions. Understanding market trends and consumer behavior in the Asia Pacific region would be crucial for companies looking to expand or maximize their market presence in this region.
The demand for bottled water packaging is expected to reach 279.3 billion units by 2021.
The statistic indicates that the quantity of bottled water packaging demanded is projected to increase significantly to 279.3 billion units by the year 2021. This suggests a growing consumer preference for bottled water and a corresponding increase in production to meet this demand. Factors driving this trend could include changing lifestyles, increased awareness of the importance of hydration, and convenience associated with single-serve packaging. Businesses operating in the bottled water industry may need to ramp up their production capabilities to cater to this rising demand and capitalize on potential opportunities for growth in the market.
A majority of consumers worldwide (76%) consider sustainable packaging important.
The statistic that a majority of consumers worldwide (76%) consider sustainable packaging important indicates a significant global trend towards environmentally conscious consumer behavior. This finding suggests that most consumers prioritize sustainability in packaging materials when making purchasing decisions. The high percentage of individuals who value sustainable packaging underscores a growing awareness and concern for environmental issues, such as plastic pollution and resource depletion. Companies in various industries should take note of this sentiment and consider incorporating sustainable packaging practices into their operations to appeal to consumer preferences and contribute to greater environmental stewardship.
About 52% of consumers would like to see more beverage brands using recyclable packaging.
The statistic “About 52% of consumers would like to see more beverage brands using recyclable packaging” suggests that a majority of consumers have a preference for sustainability practices in the beverage industry. This finding indicates that a significant portion of consumers are increasingly conscious of the environmental impact of product packaging and are in favor of brands adopting more eco-friendly practices such as the use of recyclable materials. The statistic highlights a growing trend towards sustainability among consumers and underscores the importance for beverage brands to consider incorporating recyclable packaging as part of their business strategy to meet consumer preferences and environmental concerns.
By 2030, the beverage industry is predicted to package almost 900 billion units in eco-friendly materials.
The statistic indicates that by the year 2030, the beverage industry is forecasted to significantly increase its use of eco-friendly packaging materials, reaching a total of around 900 billion units. This figure suggests a growing commitment within the industry to sustainability and reducing environmental impact by shifting towards more environmentally friendly packaging solutions. The adoption of eco-friendly materials by the beverage industry aligns with the global trend towards a more sustainable and environmentally conscious approach to production and consumption. It also signifies a substantial transition away from traditional, single-use plastic packaging towards more sustainable alternatives, reflecting a positive step towards a greener future.
The demand for beverage packaging made of plastic is expected to be the highest, developing at a CAGR of 4.4% between 2014 and 2020.
The statistic states that the demand for plastic beverage packaging is projected to experience significant growth at a compound annual growth rate (CAGR) of 4.4% from 2014 to 2020. This indicates a strong and consistent increase in the market demand for plastic packaging used for beverages during this period. The forecast suggests that the plastic packaging industry catering to beverages is expected to outperform other packaging materials in terms of growth rate, reflecting a preference for plastic packaging in the beverage industry over the specified timeframe.
The alcoholic beverages segment held a significant share of the overall revenue in 2019.
This statement suggests that the sales generated from alcoholic beverages made up a substantial portion of the total revenue within a specific market or industry in the year 2019. It implies that the alcoholic beverages segment was a key driver of revenue growth and likely played a dominant role in contributing to the overall financial performance of businesses operating within this sector during that time period. This statistic indicates that consumers spent a significant amount of money on alcoholic beverages in 2019, highlighting the importance and popularity of this product category within the market.
The beverage cans market size was estimated at USD 39.83 billion in 2015, registering a CAGR of 4.6% over the forecast period.
The statistic provided indicates that the market size for beverage cans was valued at USD 39.83 billion in 2015, with a compound annual growth rate (CAGR) of 4.6% projected over the forecast period. This suggests that the beverage cans market has been experiencing healthy growth and is expected to continue expanding at a steady pace in the coming years. The CAGR of 4.6% signifies the average annual growth rate of the market size, implying a positive trend in consumer demand for beverage cans and indicating potential opportunities for businesses operating in this industry to capitalize on this growth trajectory.
The global consumption of beverage packaging amounted to 1.5 trillion units in 2019.
The statistic that the global consumption of beverage packaging amounted to 1.5 trillion units in 2019 indicates the significant scale at which beverages are packaged and consumed worldwide. This statistic reflects the immense demand for packaging materials such as bottles, cans, cartons, and pouches to contain various beverages including soft drinks, water, juices, and alcoholic beverages. The sheer volume of beverage packaging consumed globally underscores the pervasive presence and ubiquity of packaged beverages in daily life, as well as the economic and environmental implications of producing, distributing, and disposing of such vast quantities of packaging materials.
PET plastic is predicted to witness the highest growth rate, an anticipated CAGR of 5.3% from 2019 to 2025.
This statistic indicates that PET (polyethylene terephthalate) plastic is expected to experience substantial growth in demand over the period from 2019 to 2025, with a predicted compound annual growth rate (CAGR) of 5.3%. This growth rate signifies the projected average annual increase in the consumption or production of PET plastic during this time frame. The high CAGR suggests that there is a strong and increasing demand for PET plastic, likely driven by factors such as its versatility, recyclability, convenience, and cost-effectiveness. This growth trajectory implies significant opportunities for businesses operating in the PET plastic industry, as well as potential implications for environmental sustainability efforts due to the material’s recyclable nature.
The net sales of Tetra Pak, a key player in the beverage packaging industry, amounted to about $11.5 billion in 2019.
The statistic indicating that the net sales of Tetra Pak reached approximately $11.5 billion in 2019 represents a significant financial milestone for the company within the beverage packaging industry. This figure reflects the total revenue generated by Tetra Pak from sales of their packaging products and services during that specific year. As a key player in the industry, Tetra Pak’s substantial net sales underscore their market presence, customer reach, and overall success in providing innovative and sustainable packaging solutions to beverage companies globally. The impressive sales figure highlights Tetra Pak’s competitiveness and standing in the market, positioning them as a major player driving growth and innovation within the beverage packaging sector.
Conclusion
Based on the statistical data presented, it is evident that the beverage packaging industry is experiencing steady growth and evolution. Trends such as the increasing demand for sustainable and eco-friendly packaging solutions, the rise of convenient single-serve options, and the ongoing technological advancements in packaging design are shaping the future of the industry. As consumer preferences continue to evolve, beverage companies will need to adapt and innovate to stay competitive in this dynamic market.
References
0. – https://www.www.statista.com
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2. – https://www.www.mckinsey.com
3. – https://www.www.transparencymarketresearch.com
4. – https://www.www.mordorintelligence.com
5. – https://www.www.researchandmarkets.com
6. – https://www.www.packagingdigest.com
7. – https://www.www.trivium.com
8. – https://www.www.grandviewresearch.com
