Brand Story
27 May 2023, 06:59 GMT+10
The global non-alcoholic beverage packaging market is expected to grow at a 5.1% CAGR through 2033. The global market for non-alcoholic beverage packaging solutions is expected to reach US$ 235 billion by the end of 2033, up from US$ 143 billion in 2023. The non-alcoholic beverage packaging market includes non-alcoholic beverage packaging materials and solutions such as carbonated soft drinks, juices, bottled water, sports drinks, and energy drinks. Cans, bottles, pouches, cartons, and other packaging formats are available on the market.
Because of rising demand for non-alcoholic beverages, particularly in developing regions such as Asia-Pacific, Africa, and the Middle East, the global non-alcoholic beverage packaging market is expected to expand significantly in the coming years. The market is also being driven by an increase in health-conscious consumers who prefer low-sugar and low-calorie beverages, which necessitate the use of specialised packaging solutions.
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One trend in the non-alcoholic beverage packaging market is the shift towards sustainable and eco-friendly packaging solutions. Many companies are exploring alternative materials such as biodegradable plastics, plant-based materials, and paper-based products to reduce their carbon footprint and meet consumer demand for eco-friendly products
Key Takeaways from Market Study
How Profitable Is This Market for New Players?
The non-alcoholic beverage packaging market can be lucrative for new entrants if they can offer innovative and sustainable packaging solutions that can meet the changing needs of consumers and the industry. However, entering this market can be challenging as it is highly competitive and dominated by large players such as Amcor, Ball Corporation, and Tetra Pak. The market also requires significant investments in research and development to create new and innovative packaging solutions. New entrants may need to focus on niche markets or develop partnerships with established players to gain a foothold in the market. Additionally, regulatory requirements and environmental concerns also need to be considered, which can add additional challenges and costs for new entrants. Overall, the non-alcoholic beverage packaging market can be lucrative for new entrants, but it requires careful planning, innovation, and significant investments to succeed
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Winning Strategy
Prominent manufacturers of non-alcoholic beverage packaging are concentrating on adopting new growth strategies such as mergers, acquisitions, and others.
Competitive Landscape
Key Companies Profiled
Mondi PLC
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