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2024-2033 Beer Packaging Market Growth Rate: What’s the Forecast?

The size of the beer packaging market has been consistently increasing in the past few years. It is predicted to expand from $9.75 billion in 2023 to $10.16 billion in 2024, demonstrating a compound annual growth rate (CAGR) of 4.1%. The previous growth in the market can be linked to factors such as customer choices, adherence to regulations, brand uniqueness, improved supply chain management, and prevailing market trends.

There is a projection for consistent expansion in the beer packaging market size in the coming years, with a surge to $11.71 billion by 2028 at a compound annual growth rate (CAGR) of 3.6%. Factors contributing to the predicted growth during this period include sustainability efforts, premiumization, advancement in e-commerce, wellness and health trends, and the global market’s broadening scope. Key trends expected in this forecast period encompass digital transformation in packaging and labeling, increased usage of aluminum bottles, emphasis on environmentally friendly materials, the advent of intelligent packaging, and a shift towards more simplistic designs.

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What Drivers Are Accelerating the Growth of the beer packaging Market?

The rise in beer consumption is set to spur the growth of the beer packaging market. Beer, a globally consumed alcoholic drink, is made by brewing and fermenting different grains, primarily malted barley, which is then flavored with hops and other components to achieve a subtle bitter taste. The growing demand for beer packaging is due to its key role in preserving the taste, freshness, and overall quality of the beer. For example, the Alcohol and Tobacco Tax and Trade Bureau, a federal department in the U.S, reported an increase in beer production from 179.96 million barrels in 2021 to 180.88 million barrels in April 2022. Consequently, the surge in beer consumption reinforces the beer packaging market’s growth.

What Key Segments Can Be Identified in the Beer Packaging Market?

1) By Packaging Type: Bottle, Keg, Can

2) By Packaging Material: Glass, Metal, Polyethylene Terephthalate (PET)

3) By Form: 12-PACK, 4-PACK, 6-PACK

What Trends Are On the Rise in the Beer Packaging Market?

One of the major trends taking root in the beer packaging market is the emphasis on product innovation. Established companies in the market are increasingly focusing on the development of inventive products – for example, oxygen scavengers, smart packaging, tamper-evident seals, digital printing and biodegradable packaging – to cement their position in the market. Biodegradable packaging, which naturally decomposes, is particularly gaining traction in beer packaging. This type of packaging is made using paper, corn-starch, and bioplastics. An example of its use is Corona, a company based in Belgium, which used barley by-products to create biodegradable packaging. In March 2021, Corona introduced six-pack holders made from barley waste, a byproduct of beer production. This approach to packaging is not only sustainable, but also friendly to the environment.

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What Regions Are Steering Growth in the Beer Packaging Sector?

North America was the largest region in the beer packaging market in 2023. The regions covered in the beer packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Beer Packaging Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the beer packaging market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Beer Packaging Market Include

1. Beer Packaging Market Executive Summary

2. Beer Packaging Market Segments

3. Beer Packaging Market Size And Template Market Growth Rate

4. Key Beer Packaging Market Trends

5. Major Beer Packaging Market Drivers

……

25. Key Mergers And Acquisitions In The Beer Packaging Market

26. Top Beer Packaging Companies

27. Beer Packaging Market Opportunities And Strategies

28. Beer Packaging Market, Conclusions And Recommendations

29. Appendix

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