Global Hot Drinks Packaging Market

Hot Drinks Packaging Market Size, Share, Growth Analysis, By Product(Sachets, bottles, cans, and cups), By Material(Glass, plastic, metal, and paper) - Industry Forecast 2024-2031


Report ID: SQMIG15H2049 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 65 | Figures: 75

Hot Drinks Packaging Market Insights

Hot Drinks Packaging Market size was valued at USD 11.57 billion in 2021 and is poised to grow from USD 12.05 billion in 2022 to USD 16.75 billion by 2030, at a CAGR of 4.2% during the forecast period (2023-2030).

The global hot drinks packaging market is a dynamic and thriving sector that caters to the diverse needs of the hot beverages industry. The demand for innovative and efficient packaging solutions has surged. The market is witnessing a shift towards eco-friendly and sustainable packaging materials, driven by increasing environmental awareness among consumers and stringent regulations promoting responsible packaging practices. Innovation is at the forefront of the hot drinks packaging market, with manufacturers introducing novel designs and materials to enhance convenience, portability, and shelf appeal. Single-serve and on-the-go packaging formats have gained prominence, catering to the fast-paced lifestyles of consumers.

Moreover, premiumization is a prevailing trend, as brands seek to differentiate themselves through high-quality, aesthetically appealing, and sustainable packaging. The rise of e-commerce and online retail platforms has also influenced hot drinks packaging, as brands seek packaging solutions that are not only visually attractive but also robust enough to withstand the rigors of shipping and handling. Furthermore, personalized packaging experiences, such as customizable labels and packaging designs, have emerged as a means to forge stronger connections with consumers and enhance brand loyalty. Overall, the global hot drinks packaging market is characterized by a relentless pursuit of sustainable and consumer-centric solutions. As the industry navigates the evolving consumer preferences, regulatory landscape, and technological advancements, it continues to evolve, driving the hot beverages industry towards a more environmentally conscious and exciting future.

US Hot Drinks Packaging Market is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2024-2031

Global Market Size

USD 11.57 billion

Largest Segment

cups

Fastest Growth

cups

Growth Rate

4.2% CAGR

Global Hot Drinks Packaging Market ($ Bn)
Country Share for Asia Pacific Region (%)
Global Hot Drinks Packaging Market Product Type ($ Bn)
Global Hot Drinks Packaging Market By Product Type (%)

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Hot Drinks Packaging Market Segmental Analysis

The global hot drinks packaging market is segmented on the basis of material, product, and region. By material, the market is segmented into glass, plastic, metal, and paper. By product, the market is segmented into sachets, bottles, cans, and cups. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Hot Drinks Packaging Market Analysis By Material

The largest segment is the timeless and elegant glass packaging, reigning supreme with a majestic market share. SThe allure of glass resonates with discerning consumers seeking a premium and sustainable packaging experience, making it the cherished choice for a multitude of hot drinks, including gourmet coffees and exquisite teas.

Meanwhile, on a mesmerizing trajectory, the fastest-growing segment is the eco-conscious paper packaging, soaring at a staggering rate of over 15%.. With its biodegradability and recyclability, paper packaging emerges as the embodiment of responsible choices in an ever-evolving world. As the demand for sustainable packaging solutions escalates, paper packaging transcends boundaries, revolutionizing the way hot beverages are cherished and consumed.

Hot Drinks Packaging Market Analysis By Product

The largest segment, boasting a substantial market share, is the versatile and ubiquitous cups. Embodying the essence of on-the-go indulgence, cups are the go-to choice for hot beverage enthusiasts seeking portability and convenience in their daily routines. Whether it's a comforting cup of coffee during morning commutes or a soothing tea break at work, cups offer the perfect vessel to savor hot drinks in style.

On the horizon, the fastest-growing segment, soaring at an enchanting pace, is the elegant and compact sachets. Capturing the hearts of eco-conscious consumers, sachets embody the vision of sustainability and minimized waste. As the demand for convenience and eco-friendliness aligns with modern lifestyles, sachets emerge as a rising star, adding a touch of charm to every hot beverage experience.

Global Hot Drinks Packaging Market By Product Type, 2023 (%)

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Hot Drinks Packaging Market Regional Insights

In the exhilarating global hot drinks packaging market, two regions stand out as the unrivaled champions, each exuding its distinct charm and influence. Dominating the landscape with sheer prowess is the dynamic Asia-Pacific region. Boasting a rich cultural heritage of tea and coffee traditions, Asia-Pacific commands the largest share of the hot drinks packaging market. The region's teeming population, rapid urbanization, and burgeoning middle class fuel the demand for hot beverages, spurring the need for innovative and captivating packaging solutions. Embracing a harmonious blend of tradition and modernity, Asia-Pacific sets the stage for a vibrant and thriving market, where flavors and aromas intertwine to create an unforgettable symphony of taste and pleasure.

On the other hand, in a spellbinding display of growth, Latin America emerges as the fastest-growing region in the hot drinks packaging market. Like a sunlit canvas painted with passion and zest, Latin America's love affair with coffee and tea ignites the market's blazing ascent. As the region experiences a culinary and cultural renaissance, the demand for hot beverages escalates, driving the need for alluring and sustainable packaging solutions. Latin America's fascination with eco-conscious practices and premium experiences fuels the rise of innovative packaging formats, captivating the hearts of consumers and fostering an unwavering devotion to the essence of hot drinks.

Global Hot Drinks Packaging Market By Geography, 2024-2031
  • Largest
  • Fastest

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Hot Drinks Packaging Market Dynamics

Hot Drinks Packaging Market Drivers

Growing Trend of On-the-Go Consumption

  • The fast-paced modern lifestyle has led to an increasing demand for on-the-go and single-serve packaging formats. Cups, sachets, and portable bottles cater to consumers seeking convenience and mobility in enjoying their favorite hot drinks, boosting the demand for such packaging solutions.

Premiumization and Branding

  • Packaging plays a vital role in product differentiation and brand identity. Premium and aesthetically pleasing packaging designs enhance the perceived value of hot beverages, appealing to consumers who seek a delightful and memorable drinking experience.

Hot Drinks Packaging Market Restraints

Fluctuating Raw Material Prices

  • The hot drinks packaging market is influenced by fluctuating prices of raw materials, such as plastics, glass, and paper. This can impact production costs and pricing strategies, affecting the overall profitability of the industry.

Stringent Regulations and Safety Standards

  • Packaging materials used for hot drinks must comply with stringent safety and hygiene standards to ensure the preservation and quality of the beverages. Meeting these regulations can pose challenges for manufacturers, especially in regions with varying packaging requirements.

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Hot Drinks Packaging Market Competitive Landscape

The global hot drinks packaging market is indeed a hotbed of competition, brimming with a diverse array of players vying for supremacy. Twinings, a distinguished name in the tea industry, stands as a prime example of marketing brilliance, captivating the European market with its premium tea offerings elegantly encased in popular hood cover patterned cartons. However, Twinings is just one luminary among the constellation of prominent players in this vibrant industry. These giants continually innovate, investing in cutting-edge packaging technology and sustainable practices to create captivating packaging solutions that resonate with consumers across the globe. As the competition intensifies, these leading players unleash their creativity, propelled by a shared vision of enhancing the hot drinks experience through packaging that is as alluring as the flavors it preserves.

Hot Drinks Packaging Market Top Player’s Company Profiles

  • Bemis Company, Inc. (United States)
  • DS Smith Plc (United Kingdom)
  • WestRock Company (United States)
  • Huhtamaki Oyj (Finland)
  • Coveris Holdings S.A. (United States)
  • Sealed Air Corporation (United States)
  • Sonoco Products Company (United States)
  • Constantia Flexibles (Austria)
  • Crown Holdings, Inc. (United States)
  • Graham Packaging Company (United States)
  • Ball Corporation (United States)
  • Smurfit Kappa Group (Ireland)
  • Greif, Inc. (United States)
  • Packaging Corporation of America (United States)
  • Novolex (United States)
  • O-I Glass, Inc. (United States)
  • Evergreen Packaging LLC (United States)

Hot Drinks Packaging Market Recent Developments

  • In May 2022, Amcor Plc, a leading global packaging company, has once again demonstrated its commitment to innovation and sustainability by introducing the groundbreaking PowerPostTM technology.
  • In February 2022, Apollo Funds, managed by affiliates of Apollo Global Management, in conjunction with Novolex, finalized an agreement to acquire a substantial portion of the business from the Carlyle Fund.

Hot Drinks Packaging Key Market Trends

Innovative Materials and Technologies

  • There is a growing preference for minimally invasive procedures, including percutaneous coronary intervention (PCI), which drives the demand for coronary stents. Minimally invasive procedures offer benefits such as shorter hospital stays, reduced recovery time, and lower risk of complications compared to traditional open-heart surgeries.

E-commerce Packaging

  • With the growth of e-commerce and online retail, packaging solutions that ensure the safe delivery of hot drinks products have become essential. Protective packaging that maintains product freshness during shipping and handling is a key consideration.

Hot Drinks Packaging Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our analysis, the global hot drinks packaging market is a vibrant and rapidly expanding sector driven by the rising consumption of hot beverages across the globe. With an increasing number of consumers seeking the comforting warmth of hot drinks like tea, coffee, and hot chocolate, the demand for efficient, convenient, and visually appealing packaging solutions has soared. Sustainable packaging practices have become a key focus for companies in the industry, with a growing emphasis on recyclable and eco-friendly materials to address environmental concerns. On-the-go lifestyles have further propelled the demand for single-serve and portable packaging formats, ensuring hot beverages can be enjoyed conveniently on the move. The market also witnesses a trend towards premiumization and branding, where aesthetically appealing packaging designs help establish brand identity and create a premium perception of the product. Moreover, health and wellness trends have led to the demand for packaging that highlights nutritional benefits and clean ingredients.

Report Metric Details
Market size value in 2023 USD 11.57 billion
Market size value in 2031 USD 16.75 billion
Growth Rate 4.2%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Product
    • Sachets, bottles, cans, and cups
  • Material
    • Glass, plastic, metal, and paper
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Bemis Company, Inc. (United States)
  • DS Smith Plc (United Kingdom)
  • WestRock Company (United States)
  • Huhtamaki Oyj (Finland)
  • Coveris Holdings S.A. (United States)
  • Sealed Air Corporation (United States)
  • Sonoco Products Company (United States)
  • Constantia Flexibles (Austria)
  • Crown Holdings, Inc. (United States)
  • Graham Packaging Company (United States)
  • Ball Corporation (United States)
  • Smurfit Kappa Group (Ireland)
  • Greif, Inc. (United States)
  • Packaging Corporation of America (United States)
  • Novolex (United States)
  • O-I Glass, Inc. (United States)
  • Evergreen Packaging LLC (United States)
Customization scope

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Hot Drinks Packaging Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Hot Drinks Packaging Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Hot Drinks Packaging Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Hot Drinks Packaging Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Hot Drinks Packaging Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Hot Drinks Packaging Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Hot Drinks Packaging Market size was valued at USD 11.57 billion in 2021 and is poised to grow from USD 12.05 billion in 2022 to USD 16.75 billion by 2030, at a CAGR of 4.2% during the forecast period (2023-2030).

The hot drinks packaging market is indeed a hotbed of competition, brimming with a diverse array of players vying for supremacy. Twinings, a distinguished name in the tea industry, stands as a prime example of marketing brilliance, captivating the European market with its premium tea offerings elegantly encased in popular hood cover patterned cartons. However, Twinings is just one luminary among the constellation of prominent players in this vibrant industry. These giants continually innovate, investing in cutting-edge packaging technology and sustainable practices to create captivating packaging solutions that resonate with consumers across the globe. As the competition intensifies, these leading players unleash their creativity, propelled by a shared vision of enhancing the hot drinks experience through packaging that is as alluring as the flavors it preserves. 'Tetra Pak (Sweden)', 'Amcor plc (Australia)', 'Mondi Group (Austria)', 'Bemis Company, Inc. (United States)', 'DS Smith Plc (United Kingdom)', 'WestRock Company (United States)', 'Huhtamaki Oyj (Finland)', 'Coveris Holdings S.A. (United States)', 'Sealed Air Corporation (United States)', 'Sonoco Products Company (United States)', 'Constantia Flexibles (Austria)', 'Crown Holdings, Inc. (United States)', 'Graham Packaging Company (United States)', 'Ball Corporation (United States)', 'Smurfit Kappa Group (Ireland)', 'Greif, Inc. (United States)', 'Packaging Corporation of America (United States)', 'Novolex (United States)', 'O-I Glass, Inc. (United States)', 'Evergreen Packaging LLC (United States)'

The fast-paced modern lifestyle has led to an increasing demand for on-the-go and single-serve packaging formats. Cups, sachets, and portable bottles cater to consumers seeking convenience and mobility in enjoying their favorite hot drinks, boosting the demand for such packaging solutions.

There is a growing preference for minimally invasive procedures, including percutaneous coronary intervention (PCI), which drives the demand for coronary stents. Minimally invasive procedures offer benefits such as shorter hospital stays, reduced recovery time, and lower risk of complications compared to traditional open-heart surgeries.

In the exhilarating hot drinks packaging market, two regions stand out as the unrivaled champions, each exuding its distinct charm and influence. Dominating the landscape with sheer prowess is the dynamic Asia-Pacific region. Boasting a rich cultural heritage of tea and coffee traditions, Asia-Pacific commands the largest share of the hot drinks packaging market. The region's teeming population, rapid urbanization, and burgeoning middle class fuel the demand for hot beverages, spurring the need for innovative and captivating packaging solutions. Embracing a harmonious blend of tradition and modernity, Asia-Pacific sets the stage for a vibrant and thriving market, where flavors and aromas intertwine to create an unforgettable symphony of taste and pleasure.

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Global Hot Drinks Packaging Market

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