Alcohol Packaging Market Share, Is Expected To Grow At A CAGR Of 4.2% During Forecast 2023
Summary
Alcohol Packaging Market Share, Research Report by Material (Glass, Metal, Plastic, Paper & Paperboard), Packaging (Primary Packaging, Secondary Packaging), End User (Residential, Commercial, Public sector, and Others), and Region-Global Forecast till 2023
Market Synopsis of Global Alcohol Packaging Market
North America is expected to grow at the highest CAGR during the forecast period. Increase in the disposable income of consumers and high consumption of alcohol in the region driving the demand of the market.
Key Players
The prominent players in the Alcohol Packaging Market Share, include Ball Corporation (US), Crown Holdings, Inc. (US), Ardagh Group S.A. (Republic of Ireland), Fiberon, LLC (USA), Owens Illinois Inc. (US), Berry Global, Inc. (US), Gerresheimer AG (Germany), Nampak Ltd (South Africa), Stora Enso Oyj (Finland), Vidrala S.A. (Spain) and among others.
Segmentation
For this study, the Global Alcohol Packaging Market Share has been divided into three segments: by material, packaging, and application. On the basis of material, the market has been segmented into glass, metal, plastic, and paper & paperboard. In the material segment, glass accounts for the largest market share. Glass in known for various properties including water-resistance, flexibility of shape, and chemical inertness. Moreover, it can be reused and can be recycled. Glass packaged products stay safe and can last for a longer duration.
On the basis of application, the market has been segmented into beer, wine and spirits, and others. Beer packaging currently dominates the application segment and is expected to grow at the highest CAGR during the forecast period. Increase in the consumption of beer and its increasing popularity among the masses, especially youth, is driving the growth of this segment.
Packaging offers strong brand visibility and increased brand promotion which is currently leading the alcohol manufacturers to concentrate on adhering to the best standards of packaging. Manufacturers are mostly concentrated on providing a variety of packaging designs to facilitate consumption and handling for the consumers. Alcohol packaging is divided into primary and secondary packaging. It involves the use of various materials like glass, metal, plastic and paper & paperboard for packaging a variety of alcoholic beverages.
Intended Audience
- End-Users
- Government Associations
- Research Institutes
- Distribution vendors
- Alcohol Packaging Manufacturers, Suppliers, Distributors, and Retailers
- Alcohol Packaging equipment manufacturers, traders, distributors, and dealers
- Regulatory organizations
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