Asia Pacific Beverage Packaging Market Size (2024 - 2029)

The Asia Pacific beverage packaging market is experiencing growth driven by increasing demand for various beverages, including fruit juices, health drinks, and alcoholic beverages. The market size is influenced by factors such as the impact of COVID-19 on supply chains, regulatory changes regarding single-use plastics, and the rising popularity of metal can packaging. Additionally, the region's beverage manufacturers are expanding their export activities, further contributing to market expansion. The introduction of innovative packaging solutions, like those from major companies, also plays a role in shaping the market landscape.

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Market Size of Asia Pacific Beverage Packaging Industry

asia pacific beverage packaging market
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 4.50 %
Market Concentration Medium

Major Players

Asia Pacific Beverage Packaging Market Major Players

*Disclaimer: Major Players sorted in no particular order

Asia Pacific Beverage Packaging Market Analysis

The Asia Pacific beverage packaging market is expected to register a CAGR of 4.5% during the forecast period (2021 - 2026). The supply chain of the beverage packaging industry in the region has a significant impact due to the COVID-19 outbreak. For instance, beverage companies, such as Coca-Cola India and Nestle India, temporarily suspended their production at several manufacturing facilities. Moreover, they are permitted to provide only essential beverages (like bottled water) to consumers. All of these factors will significantly affect the beverage packaging industry.

  • The demand for fruit pulp, juices, and other concentrates, along with sauces or bottles of ketchup, is increasing in the beverage market in the region. In addition, various health beverages, milk products, beer, and liquors have mainly contributed to the increasing demand for drinks in the area, thus driving the market growth.
  • Moreover, the leading beverage manufacturers in India export various products, such as tea and coffee, to foreign markets each year. According to the Ministry of Statistics and Program Implementation (MOSPI) survey, the revenue from manufacturing beverages in India in FY 2019 was USD 10.94 billion. It is expected to reach USD 11.69 billion by 2023. For instance, UFlex Limited, India's most significant multinational flexible packaging materials & solution company, has launched a packaging solution called 'Asepto Eye' for the beverages segment. The newest offering from Asepto gives a modern revival to aseptic packaging due to its packaging excellence, taking forward the innovative trail that the brand Asepto professes.
  • The recent regulation on the ban of single-use plastics is expected to grow plastic packaging growth, which is scheduled to be enforced in the future once the discussion with all the stakeholders gets concluded. These regulations are expected to significantly affect the use of plastics in the beverage end-user industry, where plastics are extensively used in the form of bottles, straws, and containers.
  • With the growth of the alcoholic and non-alcoholic beverage market, the demand for metal can package is expected to increase significantly across the region. Also, the increase in beverage packaging is driving the metal caps and closure market in the area. The region holds many players that supply ROPP and aluminum caps and closures to the beverage industries. For instance, Oricon Enterprises Ltd has 9,216 million units per annum of aluminum crown caps and 1,800 million units per annum of ROPP caps.
  • Further, in February 2020, Coca-Cola Japan has launched two new PET packaging sizes for beverages that include 350ml and 700ml for its drink in Tokyo, Kanagawa, Chiba, and Saitama.

Asia Pacific Beverage Packaging Industry Segmentation

The beverage packaging market studies the market segmentation based on different materials, like paper, plastic, glass, and metal. It also includes the Product type like bottles, cans, pouches & cartons, caps & closures, and other types. In addition, the market study focuses on various aspects, such as sustainability, production rate in beverage products, supply and demand, and the impact of COVID-19 on the market. Further, the scope of the market is comprehensive and is limited to Asia-Pacific.

By Material
Plastic
Paperboard
Metal
Glass
By Type of Product
Bottles
Cans
Pouches and Cartons
Caps and Closures
Other Types of Product
By Application
Carbonated Soft Drinks and Fruit Beverages
Beer
Wine and Distilled Spirits
Bottled Water
Milk
Energy and Sports Drinks
Other Applications
Country
China
India
Japan
South Korea
Rest of Asia Pacific
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Asia Pacific Beverage Packaging Market Size Summary

The Asia Pacific beverage packaging market is experiencing a dynamic phase of growth, driven by increasing demand for various beverage types, including fruit juices, health drinks, and alcoholic beverages. The market is characterized by a shift towards innovative packaging solutions, such as UFlex Limited's 'Asepto Eye' and Toyochem's BPA-NI coatings, which cater to evolving consumer preferences and regulatory standards. The region's beverage industry is also witnessing a rise in exports, with countries like India playing a significant role in the global market. The introduction of sustainable packaging options, such as aluminum cans by Fabonest Food and Beverages, aligns with the region's commitment to environmental goals. The market's expansion is further supported by the growing middle-income group, organized retail, and the need for standardized packaging to enhance product shelf-life and quality.

The market landscape is fragmented, with major players like Crown Holdings, Inc., Owens-Illinois Inc., and Amcor plc actively expanding their presence through strategic collaborations and technological advancements. The impact of COVID-19 on supply chains has been notable, with temporary production suspensions affecting companies like Coca-Cola India and Nestle India. However, the demand for metal can packages and the use of PET bottles for both alcoholic and non-alcoholic beverages are on the rise, reflecting a shift in packaging materials. The increasing consumption of beer, particularly in India, China, and Vietnam, is driving the demand for beer cans and innovative packaging solutions. Asahi Group's launch of the Tokyo Olympics Super Dry can and Daesang's introduction of SIG's Heat&Go packaging highlight the ongoing innovation in the sector.

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Asia Pacific Beverage Packaging Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Industry Value Chain Analysis

    3. 1.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.3.1 Bargaining Power of Suppliers

      2. 1.3.2 Bargaining Power of Consumers

      3. 1.3.3 Threat of New Entrants

      4. 1.3.4 Threat of Substitutes

      5. 1.3.5 Intensity of Competitive Rivalry

    4. 1.4 Market Drivers

      1. 1.4.1 Acceleration in Packaging Machinery Imports, leading to proliferation of Beverage Packaging Industry

      2. 1.4.2 Increased demand for convenience packaging from consumers

    5. 1.5 Market Restraints

      1. 1.5.1 Lack of Exposure to Best Management and Manufacturing Practices

    6. 1.6 Assessment of COVID-19 Impact on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Material

      1. 2.1.1 Plastic

      2. 2.1.2 Paperboard

      3. 2.1.3 Metal

      4. 2.1.4 Glass

    2. 2.2 By Type of Product

      1. 2.2.1 Bottles

      2. 2.2.2 Cans

      3. 2.2.3 Pouches and Cartons

      4. 2.2.4 Caps and Closures

      5. 2.2.5 Other Types of Product

    3. 2.3 By Application

      1. 2.3.1 Carbonated Soft Drinks and Fruit Beverages

      2. 2.3.2 Beer

      3. 2.3.3 Wine and Distilled Spirits

      4. 2.3.4 Bottled Water

      5. 2.3.5 Milk

      6. 2.3.6 Energy and Sports Drinks

      7. 2.3.7 Other Applications

    4. 2.4 Country

      1. 2.4.1 China

      2. 2.4.2 India

      3. 2.4.3 Japan

      4. 2.4.4 South Korea

      5. 2.4.5 Rest of Asia Pacific

Asia Pacific Beverage Packaging Market Size FAQs

The Asia Pacific Beverage Packaging Market is projected to register a CAGR of 4.5% during the forecast period (2024-2029)

Crown Holdings, Inc., Owens-Illinois Inc., Amcor plc, Berry Global, Inc. and Westrock Company are the major companies operating in the Asia Pacific Beverage Packaging Market.

Asia Pacific Beverage Packaging Market Report Snapshots

Asia Pacific Beverage Packaging Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)