Alcohol Packaging Market Competitive Dynamics, Size, Target Audience and Global Outlook till forecast 2023

Alcohol Packaging Market Overview

The global alcohol packaging market is studied in the latest Market Research Future (MRFR) report and is expected to showcase a 4.2% CAGR over the forecast period of 2016-2023. Such growth in the global alcohol packaging market is accredited to the rising consumption of alcohol and growing demand for convenient packaging.

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.

Key Players

The prominent players in the alcohol packaging market 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 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.

Browse Full Report With TOC & List Of Figures @ https://www.marketresearchfuture.com/reports/alcohol-packaging-market-6612

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