Beverage packaging

Growth in packaging for the food & beverage industry owing to urbanization and busy lifestyles has led to the demand for single-use plastic packaging. Transparency, strength, flexibility, easy availability and low cost have led to the adoption of single-use plastic packaging across various industries.

Newly released data from beverage cups market analysis shows that global demand of the overall beverage cups market is forecasted to expand at a value compound annual growth rate (CAGR) of 6% from 2021-2031 and reach millions of units by 2031.

The global food & beverage packaging market size is expected to showcase exponential growth by reaching USD 627.27 billion in 2027 while exhibiting a CAGR of 4.9% between 2020 and 2027

The plastic containers market is expected to grow at a healthy CAGR of 5.3% during the forecast period. Growing demand for rigid packaging from food and beverage manufacturers to increase product shelf-life and aesthetic appeal is expected to drive the plastic containers market recovery and growth. Furthermore, the popularity of plastic-based containers is growing due to their properties such as lightweight, non-permeability to moisture, durability, and protection from sunlight.

Bulk Container Packaging Market is likely to witness an impressive CAGR of 9.4% during the forecast period. The prime factor that is contributing to the demand for bulk container packaging is its growing adoption by the chemicals and food & beverages industries.

Vinyl Acetate Monomer Market is likely to witness an impressive CAGR of 4.0% during the forecast period. Growing popularity of VAM-based packaging material in the food & beverage sector and increasing demand for paints & coatings in the construction industry globally are one of the major factors fueling the growth of the market during the forecast period.

Beverage Packaging Market Size, Share | Industry Forecast 2026

The global plastic compounding market size is set to gain traction from their increasing usage in the automotive and packaging industry. Besides, construction activities in emerging economies are increasing at a fast pace. In addition to that, ongoing technological advancements in the electrical and automotive industries would affect the market positively in the coming years. The demand for these products is also growing from the food and beverage industry as they help in reducing quality degrad