Non-Alcoholic Beverage Packaging Market Overview:
Non-Alcoholic Beverage Packaging Market is anticipated to expand at a compound annual growth rate (CAGR) of 6.1% from 2022 to 2030. During the preceding forecast period, which ran from 2018 to 2021, the market grew at a CAGR of 4.7%.
The use of packages varies depending on the beverages offered. Most of the non-alcoholic beverages are offered in bottles. It is anticipated that the need for bottles in beverage packaging will increase due to the rising use of non-alcoholic beverages. Furthermore, manufacturers' increasing use of recyclable, compostable, and biodegradable packaging materials is fuelling the market's expansion.
The non-alcoholic beverage market is competitive and diverse, offering drinks that are either entirely alcohol-free or have an alcohol content of less than 0.5 percent. Because manufacturers are always trying to satisfy consumer wants, packaging is an important way to provide value and set items apart from the competition.
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Market Growth Factors:
"Increasing Non- and Low-Alcoholic Beverage Consumption"
The increasing consumption of various types of beverages is driving a considerable growth in the market for non-alcoholic beverage packaging. Beverages that are both nutritious and healthful are among the widely preferred choices that are accessible worldwide. In recent years, people have become more conscious about their health.
One of the primary causes of increased sales of non-alcoholic packaging services is anticipated to be the growing consumption of non-alcoholic beverages. Growing social activities, more breweries, and a growing youth population are all contributing factors to the increased use of various non-alcoholic beverages.
"Rising Need for Convenient & Sustainable Packaging Solutions"
The market is currently experiencing a notable surge in demand for a broad range of sustainable and environmentally friendly packaging materials. Additionally, producers are able to lower the weight of their products because to this packaging. Effective packaging techniques also make it easier to recycle and reuse packaged goods.
Market Scope:
Featuring a focus on the global market trend analysis, the "Global Non-Alcoholic Beverage Packaging Market Analysis to 2028" is a comprehensive and professional study of the chemicals and materials industry. The purpose of the study is to give a thorough market segmentation by type and application along with an overview of the non-alcoholic beverage packaging industry. Throughout the projected period, a significant growth rate is anticipated in the worldwide market for non-alcoholic beverage packaging. In addition to offering important market trends and prospects, the study gives important statistics on the state of the non-alcoholic beverage packaging industry for the top companies.
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Market Growth Trends:
Health Consciousness: As people's awareness of their health increases, there is a rising market for non-alcoholic drinks to replace sugary or alcoholic ones. The industry is expanding due to this trend as producers try to meet the growing demand for healthier options.
Packaging Innovation: To adapt to changing consumer demands, manufacturers are experimenting with new materials and designs for their packaging. This involves creating easy packaging formats for consumption while on the go in addition to sustainable and eco-friendly packaging solutions.
Diversification of Product Offerings: A vast array of goods is available to suit a variety of tastes and preferences, contributing to the non-alcoholic beverage market's growing diversity.
E-commerce Growth: As more people buy drinks online, the emergence of e-commerce is also propelling growth in the non-alcoholic beverage packaging industry. As a result, there is now more focus on packing that is robust and able to survive handling and shipping.
Market Segments:
Based on product type:
- Carbonated Soft Drinks
- Bottled Water
- Tea & Coffee
- Juices
- Others
Based on distribution channel:
- Food Service
- Retail
Market Regional Analysis:
The US area is anticipated to propel market expansion over the course of the projected year. It is anticipated that the region's food industry will continue to increase during the projection period due to the increasing technical advancements in the field. Over the projection period, the European region is expected to increase at a robust rate. It is anticipated that the market will expand at a significant rate in the Asia Pacific area as well.
Key Market Players:
- Nestlé
- PepsiCo
- Unilever
- Keurig Dr Pepper Inc.
- The Coca-Cola Company
- Cot Corporation
- Danone S.A.
- SUNTORY BEVERAGE & FOOD LIMITED
- Asahi Group Holdings, Ltd.
- Red Bull
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