Alcohol Packaging Market Trends, Competitive Dynamics, Size, Target Audience and Global Outlook till forecast 2023
Alcohol Packaging Market Synopsis
The Global Alcohol Packaging Market Trends is expected to grow at a CAGR of 4.2% during the forecast period.
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. The US and Canada are the major markets in North America region. Growing disposable income and high standards of living are the activities in the region driving the growth of the market. Asia-Pacific and in the rest of the world, the Middle East & Africa are expected to significantly contribute to the market during the forecast period mainly due to changing lifestyle and increasing consumption of alcohol.
Key Players
The prominent players in the Alcohol Packaging Market Trends 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 Trends 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 packaging, the market has been segmented into primary packaging and secondary packaging. Primary packaging is subdivided into bottles, cans, bag-in-box, liquid brick carton, growlers, and pouches. Secondary packaging is subdivided into boxes, folding cartons, and others. Primary packaging dominates the type segment of the market and is expected to grow at the highest CAGR during the forecast period. With the increasing demand for packaging that offers ease of consumption and handling, the market segment for primary packaging is gaining pace. Secondary packaging is also expected to grow at a significant CAGR during the forecast period.
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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