The global foods and beverages packaging market in terms of revenue grew at a CAGR of 11.0% from 2020 to 2023. This trend is expected to continue in the coming years with the global foods and beverages packaging market expected to grow at a CAGR of 5.2% from 2023 to 2028, reaching USD 555.26 billion in 2028. The global foods and beverages packaging industry is experiencing a consistent upward trajectory, closely mirroring the growth trends of the Food and Beverage (F&B) sector. This burgeoning expansion can be attributed to several pivotal factors. the burgeoning global population base serves as a primary driver for increased food consumption, necessitating enhanced packaging solutions. Changing demographics, including urbanization and the rise of middle-class populations, particularly in emerging economies, have led to shifts in dietary preferences and consumption habits. Additionally, higher disposable incomes across various regions are enabling consumers to spend more on packaged foods, further fueling demand within the industry.
As the industry recovers from the COVID-19 pandemic and continues to grow, the market size of the global foods and beverages packaging is forecasted to increase to 222.40 million tons in 2028, representing a CAGR of 3.9% from 2023 to 2028.
In terms of Raw Materials, the plastics segment dominated the market studied in 2022. The plastics segment retains a commanding presence in the packaging industry, primarily due to the inherent versatility and lightweight properties of plastic as a material. These characteristics, coupled with its cost-effectiveness relative to other materials, have entrenched plastic packaging as a market mainstay. Consequently, it is anticipated that plastic packaging will continue to dominate the market throughout the forecast period.
Europe foods and beverages packaging market, according to Tanalyze, in terms of revenue is forecasted to reach USD 165.98 billion in 2028, with a CAGR of 4.9% from 2023 to 2028. In the contemporary business landscape of Europe, stakeholders are increasingly directing their attention towards the principles of sustainability and circularity. This shift in focus is not merely a response to growing environmental consciousness but also a strategic alignment with the regulatory framework established by the European Union (EU). The EU has articulated ambitious targets for the recycling of packaging waste, underscoring its commitment to environmental stewardship and resource efficiency.
Competitive Landscape
The industry is highly fragmented, with numerous manufacturers involved. Within the global food and beverage packaging market, the top five vendors recognized for their significant market presence are Amcor plc, Ball Corporation, Crown Holdings, Inc., Graphic Packaging International, LLC, and WestRock Company. These industry leaders are instrumental in setting market trends and standards.
The competitive landscape is further defined by Tier 2 vendors, which include Berry Global, Inc., Coveris Flexibles UK Ltd., DS Smith plc, Elopak AS, Huhtamäki Oyj, International Paper Company, Mondi Group plc, O-I Glass, Inc., Packaging Corporation of America, Pactiv Evergreen, Inc., Sealed Air Corporation, SIG Group AG, Silgan Holdings, Inc., Sonoco Products Company, and Tetra Pak, Ltd. These companies contribute to shaping the market dynamics through their competitive strategies and diverse product offerings.
Additional players in the market comprise AlFiPa GmbH & Co. KG, Ardagh Group SA, CanPack S.A., Charpak Limited, Combi-Pack Sdn Bhd, CPMC Holdings Limited, Frapak Packaging B.V., Robinson plc, Tipa Corp. Ltd., Toyo Seikan Group Holdings, Ltd., Verallia, and Ester Industries Limited. These vendors play a role in diversifying the market with their unique product types and regional market penetrations.
Key Questions Answered
What is the projected global market size of foods and beverages packaging by 2028?
Which raw material segment generates the highest revenue?
In the foods and beverages packaging market, which end user segment attains the foremost position?
Which region segment generates the most substantial revenue?
Who are the key players with the largest market share in the foods and beverages packaging market?
What is the estimated global market size for the foods and beverages packaging market in 2023?
What are the main factors driving the growth of the foods and beverages packaging market?
What is the expected incremental growth of the foods and beverages packaging market during the forecast period?
Table of Contents
TABLE OF CONTENTS
TABLE OF CONTENTS 1
FIGURES AND TABLES 4
Part 1. Key Findings 9
Part 2. Scope and Methodology 10
Report Scope 11
Raw Materials 11
End-User 11
Region 11
Research Methodology 13
Part 3. Foods and Beverages Packaging Market Overview 15
Summary 15
Part 4. Market Dynamics 19
Growth Drivers and Future Trends 19
Restraints and Challenges 32
Opportunities 38
Part 5. Global Foods and Beverages Packaging Market by Raw Materials 44
Part 6. Global Foods and Beverages Packaging Market by End-User 52
Part 7. Global Metals Packaging Market 58
Market by Product Type 58
Market by End User 66
Market by Region 70
Part 8. Global Plastics Packaging Market 77
Market by Product Type 78
Market by End User 90
Market by Region 94
Part 9. Global Glass Packaging Market 102
Market by Product Type 104
Market by End User 109
Market by Region 114
Part 10. Global Paper Packaging Market 122
Market by End User 124
Market by Region 131
Part 11. Global Other Material Packaging Market 138
Market by End User 138
Market by Region 144
Part 12. Global Foods and Beverages Packaging Market by Region 152
Part 13. North America Foods and Beverages Packaging Market 157
North America Market Overview 157
North America Market by Raw Materials 160
Part 14. Europe Foods and Beverages Packaging Market 164
Europe Market Overview 164
Europe Market by Raw Materials 167
Part 15. Asia Pacific Foods and Beverages Packaging Market 171
Asia Pacific Market Overview 171
Asia Pacific Market by Raw Materials 174
Part 16. Latin America Foods and Beverages Packaging Market 178
Latin America Market Overview 178
Latin America Market by Raw Materials 180
Part 17. Middle East and Africa (MEA) Foods and Beverages Packaging Market 184
Middle East and Africa (MEA) Market Overview 184
Middle East and Africa (MEA) Market by Raw Materials 187
Part 18. Competitive Analysis 191
Competition Overview 191
Recent Developments 194
Amcor plc 198
Business Overview 198
Contact Information 201
Ball Corporation 202
Business Overview 202
Contact Information 204
Crown Holdings, Inc. 205
Business Overview 205
Contact Information 208
Graphic Packaging International, LLC 209
Business Overview 209
Contact Information 211
WestRock Company 212
Business Overview 212
Contact Information 214
Tetra Pak, Ltd. 215
Business Overview 215
Contact Information 215
Part 19. Expansion Prospect 216
Disclaimer 226
FIGURES AND TABLES
Global Foods and Beverages Packaging Market, Net Growth, 2020-2028 (USD Billion)
Global Foods and Beverages Packaging Market, Net Growth, 2020-2028 (Million Tons)
Global Foods and Beverages Packaging Market by Raw Materials, 2020-2028 (USD Billion)
Global Foods and Beverages Packaging Market (Value) by Raw Materials, CAGR Historic and Forecast, 2020-2028
Global Foods and Beverages Packaging Market by Raw Materials, 2020-2028 (Million Tons)
Global Foods and Beverages Packaging Market (Volume) by Raw Materials, CAGR Historic and Forecast, 2020-2028
Global Foods and Beverages Packaging Market by End-User, 2020-2028 (USD Billion)
Global Foods and Beverages Packaging Market by End-User, CAGR Historic and Forecast, 2020-2028
Global Foods and Beverages Packaging Market by End-User, 2020-2028 (Million Tons)
Global Foods and Beverages Packaging Market (Volume) by End-User, CAGR Historic and Forecast, 2020-2028
Global Metals Packaging Market by Product Type, 2020-2028 (USD Billion)
Global Metals Packaging Market (Value) by Product Type, CAGR Historic and Forecast, 2020-2028
Global Metals Packaging Market by Product Type, 2020-2028 (Million Tons)
Global Metals Packaging Market (Volume) by Product Type, CAGR Historic and Forecast, 2020-2028
Global Metals Packaging Market by End User, 2020-2028 (USD Billion)
Global Metals Packaging Market (Value) by End User, CAGR Historic and Forecast, 2020-2028
Global Metals Packaging Market by End User, 2020-2028 (Million Tons)
Global Metals Packaging Market (Volume) by End User, CAGR Historic and Forecast, 2020-2028
Global Metals Packaging Market by Region, 2020-2028 (USD Billion)
Global Metals Packaging Market (Value) by Region, CAGR Historic and Forecast, 2020-2028
Global Metals Packaging Market by Region, 2020-2028 (Million Tons)
Global Metals Packaging Market (Volume) by Region, CAGR Historic and Forecast, 2020-2028
Global Plastics Packaging Market by Product Type, 2020-2028 (USD Billion)
Global Plastics Packaging Market (Value) by Product Type, CAGR Historic and Forecast, 2020-2028
Global Plastics Packaging Market by Product Type, 2020-2028 (Million Tons)
Global Plastics Packaging Market (Volume) by Product Type, CAGR Historic and Forecast, 2020-2028
Global Plastics Packaging Market by End User, 2020-2028 (USD Billion)
Global Plastics Packaging Market (Value) by End User, CAGR Historic and Forecast, 2020-2028
Global Plastics Packaging Market by End User, 2020-2028 (Million Tons)
Global Plastics Packaging Market (Volume) by End User, CAGR Historic and Forecast, 2020-2028
Global Plastics Packaging Market by Region, 2020-2028 (USD Billion)
Global Plastics Packaging Market (Value) by Region, CAGR Historic and Forecast, 2020-2028
Global Plastics Packaging Market by Region, 2020-2028 (Million Tons)
Global Plastics Packaging Market (Volume) by Region, CAGR Historic and Forecast, 2020-2028
Global Glass Packaging Market by Product Type, 2020-2028 (USD Billion)
Global Glass Packaging Market (Value) by Product Type, CAGR Historic and Forecast, 2020-2028
Global Glass Packaging Market by Product Type, 2020-2028 (Million Tons)
Global Glass Packaging Market (Volume) by Product Type, CAGR Historic and Forecast, 2020-2028
Global Glass Packaging Market by End User, 2020-2028 (USD Billion)
Global Glass Packaging Market (Value) by End User, CAGR Historic and Forecast, 2020-2028
Global Glass Packaging Market by End User, 2020-2028 (Million Tons)
Global Glass Packaging Market (Volume) by End User, CAGR Historic and Forecast, 2020-2028
Global Glass Packaging Market by Region, 2020-2028 (USD Billion)
Global Glass Packaging Market (Value) by Region, CAGR Historic and Forecast, 2020-2028
Global Glass Packaging Market by Region, 2020-2028 (Million Tons)
Global Glass Packaging Market (Volume) by Region, CAGR Historic and Forecast, 2020-2028
Global Paper Packaging Market by End User, 2020-2028 (USD Billion)
Global Paper Packaging Market (Value) by End User, CAGR Historic and Forecast, 2020-2028
Global Paper Packaging Market by End User, 2020-2028 (Million Tons)
Global Paper Packaging Market (Volume) by End User, CAGR Historic and Forecast, 2020-2028
Global Paper Packaging Market by Region, 2020-2028 (USD Billion)
Global Paper Packaging Market (Value) by Region, CAGR Historic and Forecast, 2020-2028
Global Paper Packaging Market by Region, 2020-2028 (Million Tons)
Global Paper Packaging Market (Volume) by Region, CAGR Historic and Forecast, 2020-2028
Global Other Material Packaging Market by End User, 2020-2028 (USD Billion)
Global Other Material Packaging Market (Value) by End User, CAGR Historic and Forecast, 2020-2028
Global Other Material Packaging Market by End User, 2020-2028 (Million Tons)
Global Other Material Packaging Market (Volume) by End User, CAGR Historic and Forecast, 2020-2028
Global Other Material Packaging Market by Region, 2020-2028 (USD Billion)
Global Other Material Packaging Market (Value) by Region, CAGR Historic and Forecast, 2020-2028
Global Other Material Packaging Market by Region, 2020-2028 (Million Tons)
Global Other Material Packaging Market (Volume) by Region, CAGR Historic and Forecast, 2020-2028
Global Foods and Beverages Packaging Market (Value) Share by Region, 2022
Global Foods and Beverages Packaging Market by Region, 2020-2028 (USD Billion)
Global Foods and Beverages Packaging Market (Value) by Region, CAGR Historic and Forecast, 2020-2028
Global Foods and Beverages Packaging Market by Region, 2020-2028 (Million Tons)
Global Foods and Beverages Packaging Market (Volume) by Region, CAGR Historic and Forecast, 2020-2028
North America Foods and Beverages Packaging Market, Net Growth, 2020-2028 (USD Billion)
North America Foods and Beverages Packaging Market, Net Growth, 2020-2028 (Million Tons)
North America Foods and Beverages Packaging Market by Raw Materials, 2020-2028 (USD Billion)
North America Foods and Beverages Packaging Market (Value) by Raw Materials, CAGR Historic and Forecast, 2020-2028
North America Foods and Beverages Packaging Market by Raw Materials, 2020-2028 (Million Tons)
North America Foods and Beverages Packaging Market (Volume) by Raw Materials, CAGR Historic and Forecast, 2020-2028
Europe Foods and Beverages Packaging Market, Net Growth, 2020-2028 (USD Billion)
Europe Foods and Beverages Packaging Market, Net Growth, 2020-2028 (Million Tons)
Europe Foods and Beverages Packaging Market by Raw Materials, 2020-2028 (USD Billion)
Europe Foods and Beverages Packaging Market (Value) by Raw Materials, CAGR Historic and Forecast, 2020-2028
Europe Foods and Beverages Packaging Market by Raw Materials, 2020-2028 (Million Tons)
Europe Foods and Beverages Packaging Market (Volume) by Raw Materials, CAGR Historic and Forecast, 2020-2028
Asia Pacific Foods and Beverages Packaging Market, Net Growth, 2020-2028 (USD Billion)
Asia Pacific Foods and Beverages Packaging Market, Net Growth, 2020-2028 (Million Tons)
Asia Pacific Foods and Beverages Packaging Market by Raw Materials, 2020-2028 (USD Billion)
Asia Pacific Foods and Beverages Packaging Market (Value) by Raw Materials, CAGR Historic and Forecast, 2020-2028
Asia Pacific Foods and Beverages Packaging Market by Raw Materials, 2020-2028 (Million Tons)
Asia Pacific Foods and Beverages Packaging Market (Volume) by Raw Materials, CAGR Historic and Forecast, 2020-2028
Latin America Foods and Beverages Packaging Market, Net Growth, 2020-2028 (USD Billion)
Latin America Foods and Beverages Packaging Market, Net Growth, 2020-2028 (Million Tons)
Latin America Foods and Beverages Packaging Market by Raw Materials, 2020-2028 (USD Billion)
Latin America Foods and Beverages Packaging Market (Value) by Raw Materials, CAGR Historic and Forecast, 2020-2028
Latin America Foods and Beverages Packaging Market by Raw Materials, 2020-2028 (Million Tons)
Latin America Foods and Beverages Packaging Market (Volume) by Raw Materials, CAGR Historic and Forecast, 2020-2028
Middle East and Africa (MEA) Foods and Beverages Packaging Market, Net Growth, 2020-2028 (USD Billion)
Middle East and Africa (MEA) Foods and Beverages Packaging Market, Net Growth, 2020-2028 (Million Tons)
Middle East and Africa (MEA) Foods and Beverages Packaging Market by Raw Materials, 2020-2028 (USD Billion)
Middle East and Africa (MEA) Foods and Beverages Packaging Market (Value) by Raw Materials, CAGR Historic and Forecast, 2020-2028
Middle East and Africa (MEA) Foods and Beverages Packaging Market by Raw Materials, 2020-2028 (Million Tons)
Middle East and Africa (MEA) Foods and Beverages Packaging Market (Volume) by Raw Materials, CAGR Historic and Forecast, 2020-2028
Global Foods and Beverages Packaging Market Share, by Vendors, 2022
Amcor plc Financial Overview (USD Billion)
Amcor plc Revenue, by Segment, 2023
Amcor plc Revenue, by Product, 2023
Amcor plc Revenue, by Region, 2023
Ball Corporation Financial Overview (USD Billion)
Ball Corporation Revenue, by Segment, 2022
Ball Corporation Revenue, by Region, 2022
Crown Holdings, Inc. Financial Overview (USD Billion)
Crown Holdings, Inc. Revenue, by Segment, 2022
Crown Holdings, Inc. Revenue, by Product, 2022
Crown Holdings, Inc. Revenue, by Region, 2022
Graphic Packaging International, LLC Financial Overview (USD Billion)
Graphic Packaging International, LLC Revenue, by Segment, 2022
Graphic Packaging International, LLC Revenue, by Region, 2022
WestRock Company Financial Overview (USD Billion)
WestRock Company Revenue, by Segment, 2023
Tetra Pak, Ltd. Financial Overview (EUR Billion)
Companies Mentioned
A selection of companies mentioned in this report includes:
Amcor plc
Ball Corporation
Berry Global, Inc.
Coveris Flexibles UK Ltd.
Crown Holdings, Inc.
DS Smith plc
Elopak AS
Graphic Packaging International, LLC
Huhtamäki Oyj
International Paper Company
Mondi Group plc
O-I Glass, Inc.
Packaging Corporation of America
Pactiv Evergreen, Inc.
Sealed Air Corporation
SIG Group AG
Silgan Holdings, Inc.
Sonoco Products Company
Tetra Pak, Ltd.
WestRock Company