Introduction
The global alcohol packaging market is expected to reach USD 54.7 billion by the end of 2028, growing at a CAGR of around 4.5% between 2022 and 2028. The rapid pace of urbanization in different parts of the world is expected to drive the alcohol packaging market growth over the forecast period. Growth in disposable income, combined with increasing expenditure on recreational activities, is a primary influencing element that, when combined, leads to increased alcohol consumption, which drives the alcoholic drinks packaging market forward throughout the projection period.
It keeps alcohol fresher for longer and prevents contamination. Glass is highly permeable to oxygen and carbon dioxide, making it ideal for the long-term storage of spirits.
The alcohol packaging market will be driven by the growing use of metal cans. Metal cans are packaging containers for alcoholic beverages that are used for storage and delivery. Metal cans are long-lasting and inexpensive. It is an attractive kind of packaging with a beautiful metallic shine and vibrant graphic printing, which favors its demand.
Who are some of the key players operating in the Alcohol Packaging Market and how intense is the competition?
- WestRock LLC
- Amcor Limited
- Stora Enso Oyj
- Ball Corporation
- Smurfit Kappa Group
- Ardagh Group S.A.
- Owens Illinois Inc.
- Crown Holdings Inc.
- Berry Global Inc.
- DS Smith Plc.
The global Alcohol Packaging Market report includes the definition of the market, applications, uses, classification, product specifications; manufacturing processes; cost structures, and other applications.
The global report provides a depth assessment of the Alcohol Packaging Market including market drivers, restraints, challenges, key trends, standardization, deployment models, opportunities, value chain, company profiles, and strategies.
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SEGMENTING THE MARKET
Packaging Type Segment Analysis
- Primary Packaging
- Bottles
- Cans
- Bag-in-box
- Liquid brick carton
- Growlers
- Pouches
- Secondary Packaging
- Boxes
- Folding Cartons
- Others
Material Type Segment Analysis
- Glass
- Metal
- Plastic
- Paper & paperboard
Application Segment Analysis
- Beer
- Wine
- Spirits
- Others
COVID-19 Pandemic Impact
COVID-19 had a negative impact on the alcohol packaging industry’s growth in 2020. The virus has caused production to halt in several parts of the world. Delays in raw material availability, transportation constraints, and rising absenteeism among workers have all been caused by disruptions.
Regional analysis
- North America ( United States)
- Europe ( Germany, France, UK)
- Asia-Pacific ( China, Japan, India)
- Latin America ( Brazil)
- The Middle East & Africa
Key Benefits For Stakeholders
- The report includes an in-depth analysis of different segments and provides market estimations between 2022 and 2028.
- A comprehensive analysis of the factors that drive and restrict the growth of the global Alcohol Packaging Market is provided.
- Porter’s five forces model illustrates the potency of buyers & sellers, which is estimated to assist the market players to adopt effective strategies.
- Estimations and Alcohol Packaging Market forecasts are based on factors impacting the global market growth, in terms of value and volume.
- This report provides a detailed analysis of the current global Alcohol Packaging Market trends and future estimations from 2022 to 2028, which helps identify the prevailing market opportunities.
FREQUENTLY ASKED QUESTIONS?
Q1. What are the applications of the Alcohol Packaging Market?
Q2. Who are the potential customers of the Market?
Q3. How can I get a report sample of the Global Alcohol Packaging Market?
Q4. What are the key trends in the Market?
Q5. What is the total market value of Keyword123?
Q6. What is the CAGR of Keyword123?
Q7. Which region will provide more business opportunities for the Global Alcohol Packaging Market? in the coming years?
