Beverage Carrier Market Size, Share, and Trends Analysis Report

CAGR :  Diagram

Market Size 2023 (Base Year) USD 1462.80 Million
Market Size 2032 (Forecast Year) USD 2338.75 Million
CAGR 4.8%
Forecast Period 2024 - 2032
Historical Period 2018 - 2023

According to Market Research Store, the global beverage carrier market size was valued at around USD 1462.80 million in 2023 and is estimated to reach USD 2338.75 million by 2032, to register a CAGR of approximately 4.80% in terms of revenue during the forecast period 2024-2032.

Global Beverage Carrier Market Size

The beverage carrier report provides a comprehensive analysis of the market, including its size, share, growth trends, revenue details, and other crucial information regarding the target market. It also covers the drivers, restraints, opportunities, and challenges till 2032.

Global Beverage Carrier Market: Overview

Beverage carriers, also known as drink carriers or cup holders, are specially designed packaging solutions used to securely hold and transport beverages. These carriers can range from simple cardboard holders for cups to more complex plastic or molded fiber designs used to carry multiple bottles, cans, or cartons.

They are widely used in the food and beverage industry for takeaway drinks, home deliveries, and multi-pack beverage products in retail environments. Beverage carriers help prevent spills, maintain stability during transportation, and provide convenience to customers carrying multiple beverages.

The beverage carrier market is growing steadily, driven by the increasing demand for convenience and on-the-go consumption of beverages. The rise of fast-food outlets, coffee chains, and the popularity of takeaway and delivery services are key factors fueling the demand for beverage carriers. Additionally, the global shift toward sustainable packaging solutions has led to a growing focus on eco-friendly materials such as recycled paper, biodegradable fibers, and reusable designs.

Key Highlights

  • The beverage carrier market is anticipated to grow at a CAGR of 4.80% during the forecast period.
  • The global beverage carrier market was estimated to be worth approximately USD 1462.80 million in 2023 and is projected to reach a value of USD 2338.75 million by 2032.
  • The growth of the beverage carrier market is being driven by growing demand for convenient and portable beverage containers, especially among consumers on the go. Factors such as rising disposable incomes, urbanization, and changing lifestyles are contributing to this growth.
  • Based on the type, the semi-rigid beverage carrier segment is growing at a high rate and is projected to dominate the market.
  • On the basis of product, the beverage carrier rings segment is projected to swipe the largest market share.
  • In terms of material, the plastic segment is expected to dominate the market.
  • Based on the application, the alcoholic beverages segment is expected to lead the global market.
  • By region, North America is expected to dominate the global market during the forecast period due to high consumption of beverages in both fast-food and retail sectors.

Beverage Carrier Market: Dynamics

Key Growth Drivers

  • Increasing demand for convenience: Consumers are seeking more convenient ways to transport and consume beverages, driving the demand for beverage carriers.
  • Growing popularity of outdoor activities: The rise in outdoor activities such as picnics, camping, and beach trips is increasing the need for portable beverage carriers.
  • Expansion of the food and beverage industry: The growth of the food and beverage industry, especially in the ready-to-drink segment, is creating new opportunities for beverage carriers.
  • Advancements in carrier design: Innovations in materials, insulation, and design are making beverage carriers more functional and appealing to consumers.

Restraints

  • Competition from other packaging options: Beverage carriers face competition from other packaging options, such as disposable cups and bottles.
  • Environmental concerns: The use of disposable beverage carriers can raise environmental concerns, particularly related to waste and plastic pollution.
  • Regulatory challenges: Compliance with food safety and packaging regulations can be complex and costly.
  • Supply chain disruptions: Disruptions in the supply chain, such as shortages of materials or transportation issues, can impact the production and availability of beverage carriers.

Opportunities

  • Expanding applications beyond beverages: Beverage carriers can be used to transport other items, such as food, snacks, and personal belongings.
  • Integration with other products: Beverage carriers can be integrated with other products, such as coolers or backpacks, to create multifunctional solutions.
  • Development of sustainable and eco-friendly options: The increasing focus on sustainability is driving the demand for beverage carriers made from eco-friendly materials and designed for recycling.
  • Growing demand for personalized products: Consumers are seeking personalized products, and beverage carriers can be customized with branding or designs.

Challenges

  • Market volatility: The market for beverage carriers can be subject to fluctuations due to economic conditions, consumer trends, and regulatory changes.
  • Competitive landscape: The market is competitive, with numerous players offering beverage carriers.
  • Technological advancements: The rapid pace of technological advancements can make it difficult for manufacturers to keep up with the latest innovations and maintain a competitive edge.
  • Supply chain disruptions: Disruptions in the supply chain, such as shortages of materials or transportation issues, can impact the production and availability of beverage carriers.

Beverage Carrier Market: Segmentation Insights

The global beverage carrier market is divided by type, product, material, application, and region.

Segmentation Insights by Type

Based on Type, the global beverage carrier market is divided into rigid and semi-rigid.

The Semi-rigid Beverage Carrier segment dominates the market due to its widespread use in retail, affordability, and versatility. Semi-rigid beverage carriers are made from more flexible yet still sturdy materials like corrugated cardboard, molded pulp, or flexible plastics. These carriers are designed to offer a balance between protection and flexibility, making them lighter and more cost-effective than rigid carriers. These carriers are commonly used for items like six-packs of bottles or cans and are widely favored in both small and large retail settings.

However, the Rigid Beverage Carrier segment is also growing, particularly in sectors focused on premium products and sustainability, where durability and reusability are key. Semi-rigid Beverage Carriers are made from materials like corrugated cardboard, molded pulp, or flexible plastic, these carriers offer a balance of protection, flexibility, and cost-effectiveness. They are commonly used in multipacks, retail packaging, and foodservice take-out applications. Growth is driven by cost-efficiency, sustainability initiatives, and convenience.

Segmentation Insights by Product

In terms of Product, the global beverage carrier market is categorized into beverage carrier bags, beverage carrier rings, and beverage carrier crates.

The Beverage Carrier Rings segment dominates the market in terms of volume due to their widespread use in multipacks of canned beverages. Beverage carrier rings are lightweight, flexible rings made from plastic or biodegradable materials that are used to hold multiple cans together, typically in multipacks of four or six.

These rings are widely used in the beverage industry for packaging cans of soft drinks, beer, and other canned beverages. This segment is seeing innovation with the introduction of more sustainable materials to replace traditional plastic rings, which have been associated with environmental issues.

However, Beverage Carrier Crates are also a significant segment, especially in bulk transportation and reusable packaging systems. Beverage carrier crates are rigid, durable containers made from materials such as plastic or wood, designed to transport large quantities of bottles or cans.

These crates are commonly used in the beverage industry for transporting beverages in bulk, particularly for glass bottles in industries like beer, soda, and water. Beverage crates are designed for reuse and provide excellent protection during transport, stacking, and storage.

Beverage Carrier Bags are growing in popularity in retail and foodservice due to their convenience and portability. Beverage carrier bags are flexible, often semi-rigid, carrying solutions designed to transport multiple bottles, cans, or cartons of beverages.

They are typically made from materials like paper, plastic, or fabric and are commonly used for take-out, retail, and on-the-go consumption. These bags often feature compartments to securely hold beverages and prevent them from colliding during transport.

Segmentation Insights by Material

On the basis of Material, the global beverage carrier market is bifurcated into metal, plastic, paper, and wood.

The Plastic Beverage Carrier segment dominates the market due to its versatility, cost-effectiveness, and widespread use in both retail and bulk transportation. They are found in a wide range of applications, from plastic carrier rings that bundle beverage cans to durable crates used for transporting bottles in bulk.

Plastic carriers are available in both single-use and reusable forms, with a growing trend towards recyclable and biodegradable plastics to reduce environmental impact.

While metal beverage carriers hold a smaller share compared to plastic or paper alternatives, they are widely used in industrial and bulk transportation scenarios where strength and durability are critical. Metal is also used in niche markets for premium beverage packaging.

Paper beverage carriers are gaining a significant share of the market, especially in response to growing consumer demand for sustainable and biodegradable packaging.

These carriers are commonly used for multipacks of bottles or cans, especially in retail and foodservice industries. Paper carriers are designed for short-term use but are lightweight, convenient, and recyclable, making them popular in environmentally conscious markets.

Wood beverage carriers are typically used in premium or niche markets, where aesthetics and sustainability are key selling points. These carriers are often handcrafted or made from high-quality materials to transport bottles in small quantities, especially in the wine, craft beer, or luxury spirits markets.

Segmentation Insights by Application

The beverage carrier market can also be segmented by application into two categories: alcoholic beverages and non-alcoholic beverages.

The Alcoholic Beverages segment holds a dominant share of the beverage carrier market due to the high demand for multipacks and premium packaging. Alcoholic beverages, such as beer, wine, and spirits, require robust and often premium packaging solutions.

Beverage carriers in this category are designed to hold bottles and cans securely, and they can range from simple cardboard carriers for multipack cans to wooden or metal carriers for high-end products like wine or craft beers.

However, the Non-alcoholic Beverages segment represents a significant portion of the market. Non-alcoholic beverages such as soft drinks, juices, teas, and coffees require a range of beverage carriers depending on the packaging format, including cans, bottles, and cartons.

Multipacks of soft drinks often use plastic rings or cardboard carriers, while high-end non-alcoholic drinks, like specialty juices or premium teas, may use more decorative or reusable carriers.

Beverage Carrier Market: Report Scope

Report Attributes Report Details
Report Name Beverage Carrier Market
Market Size in 2023 USD 1462.80 Million
Market Forecast in 2032 USD 2338.75 Million
Growth Rate CAGR of 4.80%
Number of Pages 221
Key Companies Covered CDF Corporation, GRIP-PAK, Keystone Paper and Box Company, NEPA Carton & Carriers Company, NuPak Printing, Optopack Limited, Parish Manufacturing, RTS Packaging, SCHC, Scholle IPN, Smurfit Kappa Group, TPS Rental Systems Limited, Valco Melton, WestRock, Zumbiel Packaging, and others.
Segments Covered By Type, By Product, By Material, By Application, and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2023
Historical Year 2018 to 2022
Forecast Year 2024 - 2032
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Beverage Carrier Market: Regional Insights

  • North America to dominate the global market during the forecast period

North America is a major player in the global beverage carrier market, with the U.S. and Canada contributing significantly. The high demand for takeaway and delivery services, especially in the post-pandemic era, is propelling the need for durable and sustainable beverage carriers.

The region is also seeing a shift towards eco-friendly packaging options like recyclable cardboard, reflecting growing environmental awareness among consumers.

Asia-Pacific is expected to grow at the highest CAGR from 2024 to 2032. Countries like China, India, and Japan are seeing rising demand due to increasing urbanization, disposable incomes, and the expansion of e-commerce. The region is also witnessing a shift towards sustainable materials due to environmental concerns and regulations.

Europe is a key market for beverage carriers. The demand here is driven by stringent regulations promoting sustainability, and the beverage industry’s focus on innovation. In particular, countries like Germany, France, and the UK are leading in the adoption of recyclable and customizable beverage carriers.

The Middle East and Africa are emerging markets for beverage carriers, driven by increased urbanization and the growing popularity of packaged beverages. Countries like UAE and South Africa are seeing rising demand for efficient and eco-friendly beverage transportation solutions, though the market is still developing in this region.

Recent Developments:

In January 2024, Smurfit Kappa launched a new corrugated packaging facility in Morocco, marking its first entry into the corrugated industry in North Africa. This move aims to enhance service for local customers. Over the past five years, the company has invested US$ 5.1 billion (€4.7 billion) in long-term growth and customer support initiatives.

Beverage Carrier Market: Competitive Landscape

The report provides an in-depth analysis of companies operating in the beverage carrier market, including their geographic presence, business strategies, product offerings, market share, and recent developments. This analysis helps to understand market competition.

Some of the major players in the global beverage carrier market include:

  • CDF Corporation
  • GRIP-PAK
  • Keystone Paper and Box Company
  • NEPA Carton & Carriers Company
  • NuPak Printing
  • Optopack Limited
  • Parish Manufacturing
  • RTS Packaging
  • SCHC
  • Scholle IPN
  • Smurfit Kappa Group
  • TPS Rental Systems Limited
  • Valco Melton
  • WestRock
  • Zumbiel Packaging

The global beverage carrier market is segmented as follows:

By Type

  • Rigid
  • Semi-rigid

By Product

  • Beverage Carrier Bags
  • Beverage Carrier Rings
  • Beverage Carrier Crates

By Material

  • Metal
  • Plastic
  • Paper
  • Wood

By Application

  • Alcoholic Beverages
  • Non-alcoholic Beverages
    • Drinking Water
    • Energy drinks
    • Others

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • France
    • Germany
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • The Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East Africa

 

Frequently Asked Questions:

What will be the value of the beverage carrier market during 2024- 2032?

Based on statistics from the Market Research Store, the global beverage carrier market size was projected at approximately US$ 1462.80 million in 2023. Projections indicate that the market is expected to reach around US$ 2338.75 million in revenue by 2032.

What will be the CAGR of the global beverage carrier market?

The global beverage carrier market is expected to grow at a Compound Annual Growth Rate (CAGR) of around 4.80% during the forecast period from 2024 to 2032.

Which region will drive the global beverage carrier market?

North America is expected to dominate the global beverage carrier market.

What are the significant factors driving the global beverage carrier market?

The significant factors driving the global beverage carrier market are increasing demand for convenient and portable beverage containers, rising disposable income, and growing consumer awareness of eco-friendly packaging solutions.

Who are the leading players functioning in the global beverage carrier market growth?

Some of the prominent players operating in the global beverage carrier market are; CDF Corporation, GRIP-PAK, Keystone Paper and Box Company, NEPA Carton & Carriers Company, NuPak Printing, Optopack Limited, Parish Manufacturing, RTS Packaging, SCHC, Scholle IPN, Smurfit Kappa Group, TPS Rental Systems Limited, Valco Melton, WestRock, Zumbiel Packaging, and others.

What can be expected from the global beverage carrier market report?

The global beverage carrier market report provides a comprehensive analysis of market definitions, growth factors, opportunities, challenges, geographic trends, and competitive dynamics.


Frequently Asked Questions

These dominant industry players use well planned strategies to occupied highest market share in this market. Some of the top players in Beverage Carriers business includes.

  • Smurfit Kappa Group
  • Scholle IPN
  • TPS Rental Systems Limited
  • Optopack Limited
  • CDF Corporation
  • Zumbiel Packaging
  • Valco Melton
  • Keystone Paper and Box Company
  • RTS Packaging
  • NEPA Carton & Carriers Company
  • WestRock
  • Parish Manufacturing
  • SCHC
  • NuPak Printing
  • GRIP-PAK

As per Beverage Carriers market analysis, North America is forecasted to occupied major share in the Beverage Carriers market.

The statistical data of the dominant industry player of Beverage Carriers market can be acquired from the company profile segment described in the report. This segment come up with analysis of major player’s in the Beverage Carriers market, also their last five-year revenue, segmental, product offerings, key strategies adopted and geographical revenue produced.

The report come up with a segment of the Beverage Carriers market based on Type, Region, and Application, Also offer a determined view on the Beverage Carriers market.

The report offers a nitty-gritty estimation of the market by providing data on various viewpoints that incorporate, restraints, drivers, and opportunities threats. This data can help in making suitable decisions for stakeholders before investing.

The sample report for Beverage Carriers market can be received after the apply from the website.

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