North America Beverage Packaging Market Size (2024 - 2029)

The North American Beverage Packaging Market is experiencing growth driven by technological innovations, sustainability concerns, and economic factors. The market size is influenced by the shift from traditional rigid packaging to more sustainable flexible options, as consumer preferences evolve towards environmentally friendly solutions. The demand for carbonated drinks, energy drinks, and juices is increasing the use of PET bottles and metal cans, while glass faces challenges due to production and recycling costs. The transition to sustainable packaging materials is prompting beverage manufacturers to commit to using recycled and innovative materials, impacting the overall market size.

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Market Size of North America Beverage Packaging Industry

North America Beverage Packaging Market Size
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 5.30 %
Market Concentration Low

Major Players

North America Beverage Packaging Market Key players

*Disclaimer: Major Players sorted in no particular order

North America Beverage Packaging Market Analysis

The North American Beverage Packaging Market is expected to register a CAGR of 5.3% during the forecast period (2021-2026). The impact of COVID-19 on the market is significant in the short run, as the global lockdown has brought the entire packaging supply chain to an almost grinding halt. However, with online shopping on the rise, the market is expected to rebound in the long run. There has been a considerable increase in residential trash, which significantly comprises packaged products due to more stay-at-home dining, and COVID has exposed vulnerability in the supply chain globally, resulting in various disruptions, including some stores stopping collection of store drop-off for grocery bags and flexible packaging.

  • Technological innovation, sustainability trepidations, and attractive economics are the reasons for the remarkable growth of beverage packaging in the last two decades in the United States. The way consumers view and interact with packages is altering. Due to the rising focus on sustainability, traditional rigid packaging solutions are being substituted by innovative, more sustainable, flexible packaging. The growing market demand for customer-friendly packages and heightened product protection is expected to boost flexible packaging as a viable and cost-effective substitute.
  • The growing demand for carbonated drinks, energy drinks, and juices, among others, indicates rising PET bottles and metal cans as preferred materials for the same. On the other hand, with its recyclable properties, Glass has been challenged by increased costs of production and recycling. The preference for the same has been growing recently concerning sustainability trends across beverage packaging.
  • Moreover, as plastic has been a long-standing and preferred packaging option by global beverage manufacturers, due to the reduced manufacturing, durability, and logistics costs, the transition towards sustainable packaging has driven these packaging manufacturers and bottling companies to pledge and commit usage of newer materials for the same in the region.
  • For instance, Coca-Cola shared its commitment towards recycling as many plastic bottles as it uses by 2030. For the same, the company has been partnering with NGOs globally to help improve collection. Then, as of January 2020, Nestle committed USD 2.1 billion towards using recycled plastic packaging.
  • On the vendor front, increased capacities across the metal, glass, and rPET have been observed to complement the increasing demand rising from beverage manufacturers. For instance, as of February 2020, Ball Corporation is expected to expand United States Metal Can to increase production by 2021. Its specialty beverage can would commence operations in Arizona and the northeastern US, in line with its previous commitment to add at least 8 billion units of capacity by the end of 2021.

North America Beverage Packaging Industry Segmentation

Beverage manufacturers focus on offering a better product with packaging that is easy-to-handle, eco-friendly, and keeps the product fresh for a long time. Packaging innovation is becoming a norm for beverage companies with smaller packages, situational package types, and multi-packs. Different types of products depending upon the beverages are packed using various materials in the region. Further, to arrive at the overall market projections, the study analyzes the impact of COVID-19 and the investment scenario and other macro-economic factors.

By Material
Glass
Plastic
Paperboard
Metal
By Product Type
Cans
Bottles
Pouches
Cartons
Other Product Types
By Application Type
Carbonated Soft Drinks & Fruit Beverages
Alcoholic (Beer, Wine & Distilled Spirits)
Bottled Water
Milk
Energy & Sport Drinks
Other Applications
By Country
United States
Canada
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North America Beverage Packaging Market Size Summary

The North American Beverage Packaging Market is experiencing a dynamic transformation driven by technological advancements, sustainability concerns, and evolving consumer preferences. The market is rebounding from the short-term disruptions caused by the COVID-19 pandemic, which had a significant impact on the packaging supply chain. The rise in online shopping has been a key factor in this recovery, as it has increased the demand for efficient and sustainable packaging solutions. The shift from traditional rigid packaging to innovative flexible packaging is largely due to the growing emphasis on sustainability and the need for cost-effective, customer-friendly options. This transition is further supported by the increasing demand for carbonated drinks, energy drinks, and juices, which favor materials like PET bottles and metal cans. Despite challenges such as the higher costs of glass production and recycling, the market is witnessing a commitment from major companies to adopt recyclable and sustainable materials, aligning with broader environmental goals.

The market landscape is characterized by a moderate level of competition, with both established players and new entrants striving to maintain their market share through innovation and strategic partnerships. E-commerce is significantly influencing the market, as the demand for packaging that offers performance features like waterproofing and lightweight materials grows. The retail sector's competitiveness, particularly in the United States, is driven by major players such as Walmart, Kroger, and Albertsons, which further propels the demand for beverage packaging. The alcoholic beverage segment is also evolving, with innovations in packaging formats like tetra packs and bag-in-box solutions gaining traction to appeal to younger consumers. The COVID-19 pandemic has accelerated changes in packaging preferences, with increased demand for single-serve options and cans. Companies are investing in strategic initiatives to enhance their packaging capabilities, as seen in recent investments and product launches aimed at incorporating recycled materials and improving packaging aesthetics.

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North America Beverage Packaging Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Attractiveness - Porter's Five Force Analysis

      1. 1.2.1 Bargaining Power of Suppliers

      2. 1.2.2 Bargaining Power of Consumers

      3. 1.2.3 Threat of New Entrants

      4. 1.2.4 Threat of Substitute Products

      5. 1.2.5 Competitive Rivalry within the Industry

    3. 1.3 Key Regulations and Environmental considerations

    4. 1.4 Industry Value Chain Analysis

    5. 1.5 Impact of Covid-19 on the market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Material

      1. 2.1.1 Glass

      2. 2.1.2 Plastic

      3. 2.1.3 Paperboard

      4. 2.1.4 Metal

    2. 2.2 By Product Type

      1. 2.2.1 Cans

      2. 2.2.2 Bottles

      3. 2.2.3 Pouches

      4. 2.2.4 Cartons

      5. 2.2.5 Other Product Types

    3. 2.3 By Application Type

      1. 2.3.1 Carbonated Soft Drinks & Fruit Beverages

      2. 2.3.2 Alcoholic (Beer, Wine & Distilled Spirits)

      3. 2.3.3 Bottled Water

      4. 2.3.4 Milk

      5. 2.3.5 Energy & Sport Drinks

      6. 2.3.6 Other Applications

    4. 2.4 By Country

      1. 2.4.1 United States

      2. 2.4.2 Canada

North America Beverage Packaging Market Size FAQs

The North America Beverage Packaging Market is projected to register a CAGR of 5.30% during the forecast period (2024-2029)

Amcor Limited, Tetra Laval International S.A., Crown Holdings, Inc., Alcoa Inc. and Mondi PLC are the major companies operating in the North America Beverage Packaging Market.

North America Beverage Packaging Report Snapshots

North America Beverage Packaging Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)