Food and Beverage Packaging Market Report 2024 (Global Edition)

Global Food and Beverage Packaging Market Report 2024 Market Size Split by Type (Pouches and Bags, Bottles and Jars, Trays and Containers, Films and Wraps, Others), by Application (Dairy and Dairy Pro...

Food and Beverage Packaging Market Report Description

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Competitive Landscape of the Food and Beverage Packaging Market

The competitive landscape of the Food and Beverage Packaging market is characterized by a diverse range of players competing to gain market share through product innovation, strategic partnerships, and aggressive marketing efforts.

In April 2023, at interpack 2023, Biotec showcased its Bioplast 700 and Bioplast 800 grades, which are intended for use in food-grade films and thermoforming applications. Transparent films, which are useful for packaging food and other items where visibility is crucial, will be offered by Bioplast 700. It appears that the material's shrinking qualities allow it to take on the shape of the object while shielding it from impurities like dust and moisture. Trays and cups, as well as other thermoformed packaging, are made with Bioplast 800. It is reportedly possible for converters to create heat-stable compostable products without altering their hardware because the thermoforming technique does not require the use of a heated mold to give resistance against boiling water.

Source: https://packagingeurope.com/news/biotec-reveals-new-grades-for-food-and-beverage-packaging/9745.article.

Top Companies Market Share in Food and Beverage Packaging Industry: (In no particular order of Rank)

• Tera Pak
• Ball
• Parksons Packaging
• Crown Packaging
• Amcor
• Ampac
• Bischof +Klein
• Cellpack Packaging
• Britton
• Clondalkin
• Constantia Flexibles
• Flextrus
• Huhtamaki
• Mondi
• Sealed Air
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of Food and Beverage Packaging Market

Which Region Dominates the Food and Beverage Packaging Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. North American consumers are placing a greater emphasis on health and wellbeing, which has raised demand for packaging that promotes portion management, spotlights natural and organic products, and conveys nutritional information. There is also a demand for packaging improvements that maintain the freshness of the food and increase its shelf life without using preservatives.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific stands out as the fastest-growing region in the Food and Beverage Packaging market. There is a tremendous rise in urbanization and population growth in the Asia Pacific area. This has led to an increase in the demand for packaged foods and drinks, especially in cities where people are looking for quick and convenient solutions.

The current report Scope analyzes Food and Beverage Packaging Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Food and Beverage Packaging Market

According to Cognitive Market Research, the global Food and Beverage Packaging market size was estimated at USD XX Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.5% from 2024 to 2031. In North America, the Food and Beverage Packaging market exhibits a promising landscape characterized by increasing government initiatives and e-commerce growth. Regional analysis reveals that the United States and Canada are the primary contributors to market growth, driven by technological advancements and increasing investment. Segmentation analysis further highlights Pouches and Bags, Bottles and Jars, Trays and Containers, Films and Wraps, Others growth at a rapid rate in the region, due to the rising investments. In conclusion, North America presents a lucrative market opportunity for Food and Beverage Packaging manufacturers, driven by growing product launch, increasing investment and increasing government initiatives.

• According to Cognitive Market Research, the US had a major share in the Food and Beverage Packaging market with a market size of USD XX million in 2024 and is projected to grow at a CAGR of 3.3% during the forecast period. The growth in the country is attributed to the growing investment.
• The Canada Food and Beverage Packaging market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 4.3% during the forecast period. The country is attributed to the rising investment in innovative technology.
• The Mexico Food and Beverage Packaging market is projected to witness growth at a CAGR of 4.0% during the forecast period with a market size of USD XX million in 2024

Europe Food and Beverage Packaging Market

According to Cognitive Market Research, the global Food and Beverage Packaging market size was estimated at USD XX Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.8% from 2024 to 2031. In Europe, the Food and Beverage Packaging market presents a dynamic landscape characterized by technological advancements and growing recycling campaign. Regional analysis indicates that countries like Germany, the UK, and Russia are the key contributors to market growth, driven by factors such as a strong economy, increasing investments, and growing product launch. Segmentation analysis further highlights the adoption of different categories in the region, with plastic is the dominant categories. In conclusion, Europe represents a lucrative market for Food and Beverage Packaging manufacturers, driven by rising investment and rising product launch.

• The United Kingdom Food and Beverage Packaging market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 4.6% during the forecast period. In the UK, Food and Beverage Packaging sales witness an upswing due to the nation's growing investment.
• The France Food and Beverage Packaging market is projected to witness growth at a CAGR of 3.0% during the forecast period with a market size of USD XX million in 2024.
• According to Cognitive Market Research, the Germany Food and Beverage Packaging market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. In Germany, Food and Beverage Packaging sales surged due to the presence of major companies.
• The Italy Food and Beverage Packaging market is projected to witness growth at a CAGR of 3.2% during the forecast period with a market size of USD XX million in 2024.
• The Russia Food and Beverage Packaging market is projected to witness growth at a CAGR of 2.8% during the forecast period with a market size of USD XX million in 2024.
• The Spain Food and Beverage Packaging market is projected to witness growth at a CAGR of 2.9% during the forecast period with a market size of USD XX million in 2024.
• The Luxembourg Food and Beverage Packaging market is projected to witness growth at a CAGR of 3.9% during the forecast period with a market size of USD XX million in 2024.
• The Portugal Food and Beverage Packaging market is projected to witness growth at a CAGR of 3.6% during the forecast period with a market size of USD XX million in 2024.
• The Greece Food and Beverage Packaging market is projected to witness growth at a CAGR of 4.1% during the forecast period with a market size of USD XX million in 2024.
• Rest of Europe Food and Beverage Packaging market is projected to witness growth at a CAGR of 2.5% during the forecast period with a market size of USD XX million in 2024

Asia Pacific Food and Beverage Packaging Market

According to Cognitive Market Research, the global Food and Beverage Packaging market size was estimated at USD XX Million out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.3% from 2024 to 2031. In the Asia Pacific region, the Food and Beverage Packaging market exhibits robust growth prospects driven by rapid urbanization and growing product launch. Regional analysis indicates that countries such as China, Japan, South Korea, and India are key contributors to market expansion, with growing investment and increasing product launches. Segmentation analysis reveals a diverse range of  type such as Pouches and Bags, Bottles and Jars, Trays and Containers, Films and Wraps, Others to cater to different consumer bases. In conclusion, the Asia Pacific region presents immense growth opportunities for Food and Beverage Packaging manufacturers, fueled by rising product launches, growing urbanization and rising investment.

• According to Cognitive Market Research, the China Food and Beverage Packaging market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 6.8% during the forecast period. Food and Beverage Packaging sales surged in China due to the growing technological advancements.
• The Japan Food and Beverage Packaging market is projected to witness growth at a CAGR of 5.8% during the forecast period with a market size of USD XX million in 2024.
• The India Food and Beverage Packaging market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 9.1% during the forecast period. The demand is augmented by India's growng urbanization.
• The South Korea Food and Beverage Packaging market is projected to witness growth at a CAGR of 6.4% during the forecast period with a market size of USD XX million in 2024.
• The Australia Food and Beverage Packaging market is projected to witness growth at a CAGR of 7.0% during the forecast period with a market size of USD XX million in 2024.
• The South East Asia Food and Beverage Packaging market is projected to witness growth at a CAGR of 8.3% during the forecast period with a market size of USD XX million in 2024.
• The Rest of Asia Pacific Food and Beverage Packaging market is projected to witness growth at a CAGR of 7.1% during the forecast period with a market size of USD XX million in 2024

South America Food and Beverage Packaging Market

According to Cognitive Market Research, the global Food and Beverage Packaging market size was estimated at USD XX Million out of which the Latin America market is more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031. In Latin America, the Food and Beverage Packaging market showcases promising growth prospects driven by rising product launches. Regional analysis indicates that countries like Brazil, Mexico, Argentina, and Chile are significant contributors to market growth, supported by growing investment. Segmentation analysis reveals a diverse range of type including Pouches and Bags, Bottles and Jars, Trays and Containers, Films and Wraps, Others. In conclusion, Latin America presents significant growth opportunities for Food and Beverage Packaging manufacturers, driven by favourable market conditions and increasing investment.

• According to Cognitive Market Research, the Brazil Food and Beverage Packaging market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 5.3% during the forecast period. Food and Beverage Packaging sales flourish in Brazil due to the nation's favourable market conditions.
• The Argentina Food and Beverage Packaging market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 5.6% during the forecast period. The demand is augmented by Argentina's growing product launch.
• The Colombia Food and Beverage Packaging market is projected to witness growth at a CAGR of 4.5% during the forecast period with a market size of USD XX million in 2024.
• The Peru Food and Beverage Packaging market is projected to witness growth at a CAGR of 4.9% during the forecast period with a market size of USD XX million in 2024.
• The Chile Food and Beverage Packaging market is projected to witness growth at a CAGR of 5.0% during the forecast period with a market size of USD XX million in 2024.
• The Rest of Latin America Food and Beverage Packaging market is projected to witness growth at a CAGR of 3.8% during the forecast period with a market size of USD XX million in 2024

Middle East and Africa Food and Beverage Packaging Market

According to Cognitive Market Research, the global Food and Beverage Packaging market size was estimated at USD XX Million out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2031. MEA the Food and Beverage Packaging market showcases promising growth prospects driven by factors such as rising product launch and increasing investment. Segmentation analysis reveals a diverse range of type of Food and Beverage Packaging in Middle East and Africa, including Pouches and Bags, Bottles and Jars, Trays and Containers, Films and Wraps, Others. In conclusion, Middle East and Africa presents significant growth opportunities for Food and Beverage Packaging manufacturers, driven by favourable market conditions and growing innovative product launch.

• The GCC Countries Food and Beverage Packaging market is projected to witness growth at a CAGR of 5.8% during the forecast period with a market size of USD XX million in 2024. Food and Beverage Packaging sales flourish due to the region's favourable market conditions.
• The Egypt Food and Beverage Packaging market is projected to witness growth at a CAGR of 5.3% during the forecast period with a market size of USD XX million in 2024.
• The South Africa Food and Beverage Packaging market is projected to witness growth at a CAGR of 6.0% during the forecast period with a market size of USD XX million in 2024. Food and Beverage Packaging sales flourish in South Africa due to the region's favourable market conditions and growing product launch.
• The Turkey Food and Beverage Packaging market is projected to witness growth at a CAGR of 4.5% during the forecast period with a market size of USD XX million in 2024.
• The Nigeria Food and Beverage Packaging market is projected to witness growth at a CAGR of 4.1% during the forecast period with a market size of USD XX million in 2024.
• The Rest of MEA Food and Beverage Packaging market is projected to witness growth at a CAGR of 4.0% during the forecast period with a market size of USD XX million in 2024

Food and Beverage Packaging Market Analysis

Food and Beverage Packaging Market Type Segment Analysis

According to Cognitive Market Research, Pouches and Bags type stands out as the dominating category. Due to its portability and ease of use, pouches and bags are a popular option for consuming food and beverages while on the road. Customers value pouches and bags' small size and light weight since it makes eating and traveling easier and eliminates the need for extra utensils.

Bottles and Jars type emerges as the fastest-growing category in the Food and Beverage Packaging market. Many food and drink items, including as beverages (such as water, juices, soft drinks, and alcoholic beverages), sauces, condiments, jams, pickles, oils, and spreads, can be packaged in bottles or jars. In the market for food and beverage packaging, their adaptability makes them vital.

• Pouches and Bags
• Bottles and Jars
• Trays and Containers
• Films and Wraps
• Others

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Food and Beverage Packaging Industry. Request a Free Sample PDF!

Food and Beverage Packaging Market Application Segment Analysis

According to Cognitive Market Research, the dominating category is Bakery Products. Packaging that maintains freshness and increases shelf life is necessary for bakery goods like bread, pastries, cakes, and cookies. Bakery goods' quality and texture are preserved, allowing them to stay fresh for extended periods of time, through the use of packaging materials having barrier qualities that guard against moisture, air, and light.

The fastest-growing category in the Food and Beverage Packaging market is Convenience Foods. The segment expansion is attributed to the growing urbanization and increasing number of working population.

• Dairy and Dairy Products
• Bakery Products
• Confectionery Products
• Poultry
• Seafood and Meat Products
• Convenience Foods
• Fruits and Vegetables
• Others

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Food and Beverage Packaging Technology Segment Analysis

According to Cognitive Market Research, the dominating category is controlled. By regulating the amounts of oxygen, carbon dioxide, and other gases inside the container, controlled environment packaging aims to increase the shelf life of food and drink items. CAP and MAP eliminate spoilage, maintain product quality, and reduce food waste by altering the environment to produce ideal conditions for product preservation.

The fastest-growing category in the Food and Beverage Packaging market is Biodegradable. The segment expansion is attributed to the growing awareness about environment and increasing initiative by the governments.

• Controlled
• Active
• Intelligent
• Aseptic
• Biodegradable
• Others

Food and Beverage Packaging Equipment Segment Analysis

According to Cognitive Market Research, the dominating category is Form-Fill-Seal. FFS packaging provides automated, high-speed packaging solutions that are economical and productive. Compared to conventional packaging techniques, FFS machines eliminate packaging waste, boost production throughput, and lower labor costs by combining the forming, filling, and sealing processes into a single continuous operation.

The fastest-growing category in the Food and Beverage Packaging market is Labelling and Coding. Product traceability along the whole supply chain is made possible by labeling and coding technology, which let producers monitor the flow of goods from manufacturing to distribution to store shelves. This promotes quality assurance, adherence to industry standards, and food safety. Anti-counterfeiting procedures and product authentication are further supported by advanced coding systems including barcodes, RFID tags, and QR codes.

• Form-Fill-Seal
• Filling and Dosing
• Cartooning
• Case packaging
• Wrapping and Bundling
• Labelling and Coding
• Inspecting
• Detecting
• Check weighing machines
• Others

Food and Beverage Packaging Packaging Type Segment Analysis

According to Cognitive Market Research, the dominating category is semi-rigid. A vast variety of food and beverage products, such as fresh produce, deli items, snacks, confections, dairy products, and ready-to-eat meals, are packaged in semi-rigid forms. Owing to its adaptability, it can be used to package products that need to be protected against crushing or deformation, as well as products that are semi-solid.

The fastest-growing category in the Food and Beverage Packaging market is Flexible. Flexible packaging offers consumers convenience in storage, transportation, and consumption because it is lightweight, portable, and easy to handle. For consumption while on the go, features including portion-controlled packaging, tear-away tops, and resealable closures increase convenience and prolong product freshness.

• Rigid
• Semi-rigid
• Flexible

Food and Beverage Packaging Material Segment Analysis

According to Cognitive Market Research, the dominating category is plastic. Barrier qualities are frequently found in plastic packaging materials, which shield food and drink items from light, moisture, oxygen, and other environmental elements that may have an impact on shelf life and product quality. In addition to increasing product shelf life and decreasing food waste, barrier films, coatings, and laminates help maintain the freshness, flavor, and scent of products.

The fastest-growing category in the Food and Beverage Packaging market is Paper-based. The segment expansion is attributed to the rising concern about the environment and growing investment on paper-based packaging.

• Paper-based
• Plastic
• Metal
• Glass
• Others

Author's Detail

Nisha Deore

Research Analyst at Cognitive Market Research

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I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.

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