Cluster Packaging for Beer Market Size & Share | Industry Trends Analysis Report for 2032

The global market for cluster packaging for beer is anticipated to reach US$ 261.7 million in 2022, and to grow at a CAGR of 4.8% to reach US$ 418.2 million by the year 2032, according to research from Future Market Insights. With the top 5 suppliers controlling 20–25% of the worldwide cluster packaging for beer market in 2021, the cluster packaging for beer is expected to grow.

Based on the material, it is anticipated that the paper and paperboard segment will continue to dominate the other materials used to make beer cluster packaging. Convenience and greater product protection are to blame for this. According to estimates, the paper & paperboard category will account for about 78% of market value by 2032

According to the FMI analysis, the cluster packaging for beer market generated total revenue of US$ 250.2 Mn in 2021. With increasing demand from end users, the global cluster packaging for beer market is projected to reach US$ 418.2 Mn by 2032, increasing at a CAGR of 4.8% during the forecast period.

The cluster packaging for beer market is estimated to experience a positive growth outlook during the forecast period. A new forecast by FMI anticipates that cluster packaging for beer sales will rise during 2022-2032 and is projected to create an absolute incremental growth opportunity of US$ 168.0 Mn.

The significantly changing beverage industry amid the pandemic has increased the demand for convenient cluster packaging for beer. The cluster packaging for beer market is anticipated to expand 1.7 times the current market value during the forecast period.

How is Increasing Demand for Convenient Packaging Driving the Sales of Cluster Packaging for Beer?

The increased demand for convenient packaging products is fueling the sales of cluster packaging for beer. The cluster packing aids in the reduction of beer wastage and also helps breweries to save on packaging costs. This is because cluster packaging provides better protection for beer bottles during transportation and storage to the farthest markets. It also helps preserve the freshness of beer for a longer duration of time.

Cluster packaging for beer is mainly used for convenience store formats and groceries. Due to the increase in demand for packaging products, which are easy to ship and store, cluster packaging for beer has found wide popularity among consumers, who are finding its usage very convenient indeed. Multiple packaging has been designed for bottled or canned beverages, having sizes bigger than 120Z, to meet the changing needs of beverage consumers. With the increasing demand for cluster packaging for beer, the manufacturers have been trying to innovate and offer new ways of packaging this product.

Which Material is expected to Hold a Major Portion of the Global Cluster packaging for beer Market?

Paper & paperboard is the major segment in the global cluster packaging for beer market. This is because the packaging plays a very effective role in keeping beer fresh and preventing it from external atmospheric repercussions. The paper & paperboard segment of the market is expected to grow significantly over the next decade, accounting for 82% of the total market share by 2032.

Paper and paperboard are commonly used to package beer, as it is lightweight and protect from damage. Paperboard is better than plastic in blocking light. Thus, the benefits such as low cost, efficiency, recyclability, and biodegradability drive the paper & paperboard segment in the global cluster packaging for beer market.

Why is the U.S. Considered the Most Attractive Market for the Cluster Packaging for Beer?

FMI analysis states that the U.S. cluster packaging for beer market is estimated to create an incremental opportunity during 2022 to 2032. The U.S. cluster packaging for beer is projected to grow 1.5 times the current market value during the forecast period. Consumers in the U.S. are more inclined toward packed beer. Factors such as the increased shelf life of packaged beer and consumer preference are augmenting the sale of cluster packaging for beer across the country.

According to the data provided by the Brewers Association, total US beer sales increased by 1% in 2021, whereas craft brewer sales raised by 8%, increasing independent and small brewers' share of the United States beer market to 13.1%.Craft beer retail store sales are booming, up by 21% to US$ 26.8 Bn last year. This accounts for nearly 27% of the entire U.S. beer market. The main reason for the bigger increase in dollar sales was the return of beer volume from packed sales in restaurants and bars. Thus, the U.S. is considered the most attractive market for cluster packaging for beer and is expected to get a boost during the forecast period.

Cluster Packaging for Beer Market by Category

By Material

Paper & Paperboard

Plastic

By Application

Bottles

Cans

By Packaging Style

Neck-through Style

Over the Top style

Handle based style

Cluster Sleeve Style

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