Champagne Bottles Market - An Overview
Premiumization is not a new trend, but it has played an important role in shaping the beverage industry. Consumers are nowadays willing to pay more for better quality, uniqueness, and pleasant consuming experience. Rising consumption of premium sparkling champagne across the key economies are expected to trigger market growth its packaging across the forecast period. Champagne bottles are manufactured from glass as believed that glass delivers a genuine taste of beverage and also preserves its quality. A classic bottle of champagne has carrying-capacity of 0.75 liters, whereas, magnum with capacity 1.5 liters making it the perfect size for festive gatherings and parties. Also, for some striking occasions, there are high-capacity champagne bottles, with holding capacity ranging upto 30 liters or 40 standard champagne bottles.
Overall, the global viewpoint for champagne bottles market is expected to remain positive during the forecast period.
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Champagne Bottles Market - Dynamics
Increasing penetration premised high-end alcoholic beverages in the emerging economies is anticipated to be a key driver for the growth of the global champagne bottles market. Consumer inclination for consumption of premium sparkling (carbonated) wine is rising due to altering drinking habits, changing lifestyles, and speedy urbanization, particularly in emerging economies. Furthermore, consumption venue such as “drinking in” has displayed a steep growth outpacing “drinking out” owing to myriad factors including competitive retail landscape and others is strengthening the demand for target market. Innovation in designs & patterns for bottle corks are likely to offer added security as well as enhances bottling outlook for champagne packaging.
These factors are expected to trigger demand for global champagne bottles market in coming years.
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Champagne Bottles Market - Regional Outlook
Europe is projected to be a significant stakeholder of global champagne bottles market and proposed to witness sturdy growth rate over the forecast period. Countries like Germany, U.K., and France are projected to lead in terms of champagne consumption throughout the forecast period. Also, the market for champagne bottles is estimated to spur impressive growth owing to the countries like France, U.K., Italy, & Spain which accounts for the largest production as well as exports of premium wine & other alcoholic beverages globally.
Increasing urbanization, rise in disposable income, and changing lifestyle of consumers, especially in the emerging economies such as China, India, Brazil, etc. This has resulted in more people inclining towards off-the-shelf consumption habits where alcohol consumption has essentially doubled in the last two decades. In 2018, Japan has overtaken Germany in export volumes of champagne and hence, champagne packaging bottle have witnessed increasing demand in Japan. Overall, the global champagne bottles market is projected to expand with remarkable CAGR during the forecast period.
Champagne Bottles Market - Key Players
Some of the key players operating in the global champagne bottles market includes,
- Ardagh Group S.A.
- Owens-Illinois, Inc.
- Nampak Ltd.
- Amcor Limited
- Consol Glass (Pty) Ltd.
- Vidrala SA
- Central Glass Co., Ltd.
- ACE Glass Containers Ltd.
- Piramal Glass Private Limited..
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