Global Food And Beverage Packaging Market Size & Outlook
Global food and beverage packaging market, 2018-2030 (US$M)
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Global food and beverage packaging market highlights
- The global food and beverage packaging market generated a revenue of USD 177,267.1 million in 2023 and is expected to reach USD 230,978.0 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 3.9% by 2030.
- In terms of segment, bottles & jars accounted for a revenue of USD 101,973.6 million in 2023.
- Containers is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Spain is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 177,267.1 million |
| Market revenue in 2030 | USD 230,978.0 million |
| Growth rate | 3.9% (CAGR from 2023 to 2030) |
| Largest segment | Bottles & jars |
| Fastest growing segment | Containers |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Bottles & Jars, Cups, Trays, Pouches, Labels/Wraps, Jerry Cans, Plates & Bowls, Containers, Drums/Cans |
Other key industry trends
- In terms of revenue, the North America accounted for 24.9% of the global food and beverage packaging market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Spain is the fastest growing regional market and is projected to reach USD 4,454.8 million by 2030.
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Food And Beverage Packaging Market Scope
Food And Beverage Packaging Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global food and beverage packaging market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to food and beverage packaging market will help companies and investors design strategic landscapes.
Bottles & jars was the largest segment with a revenue share of 57.53% in 2023. Horizon Databook has segmented the Global food and beverage packaging market based on bottles & jars, cups, trays, pouches, labels/wraps, jerry cans, plates & bowls, containers, drums/cans covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Food And Beverage Packaging Product Outlook (Revenue, USD Million, 2018-2030)
- Bottles & Jars
- Cups
- Trays
- Pouches
- Labels/Wraps
- Jerry Cans
- Plates & Bowls
- Containers
- Drums/Cans
- Wheelie Bins
- Drums & Barrels
- Crates
- Pallets
- Caps & Closures
- Stretch Films
- Shrink Films
- Sleeves & Labels
- Bags & Sacks
- Parenteral Containers
- Blister Packs
- Syringes
- Cartridges
- Prefillable Inhalers
- Tubes
- Labels/Accessories
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Our clientele includes a mix of food and beverage packaging market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global food and beverage packaging market , including forecasts for subscribers. This global databook contains high-level insights into Global food and beverage packaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global food and beverage packaging market size, by region, 2018-2030 (US$M)
Top 10 countries: Food and beverage packaging market size, 2023 (US$M)
Global food and beverage packaging market share, by product, 2023 & 2030 (%, US$M)
Food and beverage packaging market: Opportunity assessment by country
Global food and beverage packaging market, by region, 2023 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Latin America | 9,084.1 | 9,452.8 | 9,616.2 | 10,030.8 | 10,450.8 | 10,897.2 | 11,369.9 | 11,835.7 | 12,294.4 | 12,739.9 | 13,177.7 | 13,596.3 | 13,996.9 | 3.6% |
| Europe | 42,452.0 | 43,507.2 | 43,694.9 | 44,951.9 | 46,151.0 | 47,405.0 | 48,717.1 | 49,944.0 | 51,085.4 | 52,116.7 | 53,058.1 | 53,875.9 | 54,577.6 | 2.0% |
| North America | 37,968.2 | 39,246.5 | 39,684.3 | 41,218.3 | 42,605.3 | 44,072.0 | 45,624.8 | 47,123.9 | 48,574.8 | 49,954.1 | 51,281.7 | 52,513.1 | 53,656.5 | 2.8% |
| MEA | 4,098.4 | 4,232.5 | 4,336.0 | 4,562.9 | 4,792.1 | 5,036.1 | 5,296.2 | 5,556.9 | 5,819.0 | 6,078.6 | 6,338.0 | 6,591.6 | 6,840.4 | 4.4% |
| Asia Pacific | 53,658.8 | 56,622.7 | 58,582.1 | 62,135.5 | 65,851.5 | 69,856.7 | 74,154.4 | 78,575.5 | 83,104.0 | 87,697.3 | 92,387.5 | 97,117.8 | 101,906.7 | 5.5% |
| Overall | 147,261.6 | 153,061.7 | 155,913.6 | 162,899.4 | 169,850.7 | 177,267.1 | 185,162.3 | 193,035.9 | 200,877.6 | 208,586.5 | 216,243.0 | 223,694.7 | 230,978.0 | 3.9% |
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