The North American region is a significant contributor to world Alcoholic Beverages Packaging Market growth. Innovative and appealing packaging solutions like whiskey pouches, ceramic glass bottles or bag-in box will foster alcoholic beverage market growth
NEWARK, Del., July 6, 2022 /PRNewswire/ -- The global demand for alcoholic beverages packaging market is estimated to grow to a valuation of US$ 47,225.2 Mn in 2022, exhibiting a CAGR of 3.9% from 2022 to 2032. Alcoholic beverages packaging market is predicted to reach US$ 69,235.6 Mn by 2032. Rising consumption of alcoholic beverages is driving growth for the alcoholic beverages packaging market.
Successful brand promotion of alcoholic beverages relies heavily on the packaging of the beverage. With superior branding and unconventional packaging formats, the alcohol beverages market is rapidly moving towards growth. As per a study report published by Lancelot, global alcohol per-capita consumption increased from 5.9 liters in 1990 to 6.5 liters in 2017.? This rise in consumption is further expected to grow by 17%?and reach 7.6 liters in 2030.
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Unique and attractive packaging drives market growth for alcoholic beverages. Expansion of the beverages market will drive sales of the alcoholic beverages packaging in the market. Appealing packaging arrangements offered by the packaging and manufacturing industry to the beverages sector and the growth experienced by the food and beverages sector are factors that will likely propel growth.
"Rising demand for premium alcoholic beverages like craft beer and popularity of shim drinks along with rising in consumption of alcohol will bolster the growth in the alcoholic beverages packaging market over the forecast period," says an FMI analyst.??
Key Takeaways:
- ?Rising demand for sustainable packaging material is anticipated to propel market growth over the assessment period.
- Innovative and appealing packaging solutions like whiskey pouches, ceramic glass bottles, and bag-in-box will foster alcoholic beverage packaging market growth.
- Evolving e-commerce industry, consumer preferences, and rising disposable income will indirectly promote market growth
- North America is expected to own a 19% share of the alcoholic beverages packaging market in 2022.
- Europe is anticipated to capture 16% of market revenue by the end of 2022.
- Regional market players in North America notably contribute to global market growth
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Global Alcoholic Beverages Packaging Market - Key Players
Few of the key players that currently operate in the alcoholic beverages packaging market are -
- Mondi
- Amcor Plc.
- ProAmpac
- Crown
- Ardagh Group S.A.
- BALL CORPORATION
- Berry Global Inc.
- Tetra Pak Group
- Saint-Gobain Group.
- O-I Glass, Inc.
- Vetreria Etrusca
- Encore Glas
- Orora Packaging Australia Pty Ltd
- Creative Glass
- Brick Packaging
- Bemis Manufacturing Company
- Nampak Ltd.
- Krones AG
- Sidel Group and
- Sonoco Products Company and many more
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More Insights into the Alcoholic Beverages Packaging Market Report
In its latest report, FMI offers an unbiased analysis of the global alcoholic beverages packaging market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022-to 2032.
According to FMI reports, visually attractive, biodegradable, and sustainable packaging materials are gaining traction in the alcoholic beverages packaging market. Key players in the market are investing in research and development activities so as to introduce sustainable packaging solutions into the market.
Along with increasing alcohol consumption, rising brand awareness among consumers will create a favorable environment for the alcoholic beverages packaging market. Though challenges like stringent government regulations and a growing health-conscious consumer base might hinder market growth, the forecast for the alcoholic beverages packaging market is fairly good for the forecast period.
Key Segments Profiled in the Alcoholic Beverages Packaging Industry Survey
Alcoholic Beverages Packaging Market By Material Used:
- Metal Alcoholic Beverages Packaging
- Glass Alcoholic Beverages Packaging
- Plastic Alcoholic Beverages Packaging
- Paper Alcoholic Beverages Packaging
- Other (wood, etc.) Alcoholic Beverages Packaging Material
Alcoholic Beverages Packaging Market By Product Type:
- Alcoholic Beverage Cans
- Alcoholic Beverage Kegs
- Alcoholic Beverage Bottles
- Alcoholic Beverage Jars
- Other Alcoholic Beverage Product Types
Alcoholic Beverages Packaging Market By Alcoholic Beverages:
- Un-distilled Fermented Alcoholic Beverages Packaging
- Beer
- Wines
- Cider
- Distilled Alcoholic Beverages Packaging
- Vodka
- Tequila
- Rum
- Whisky
- Gin
- Others
Alcoholic Beverages Packaging Market By Region:
- North America Alcoholic Beverages Packaging Market
- Latin America Alcoholic Beverages Packaging Market
- Europe Alcoholic Beverages Packaging Market
- Asia Pacific Alcoholic Beverages Packaging Market
- Middle East & Africa Alcoholic Beverages Packaging Market
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.2. Impact of Covid-19
3.3. Macro Factors and Forecast Factors
3.4. Value Chain Analysis
4. Global Alcoholic Beverage Packaging Market Analysis 2015-2021 and Forecast, 2022-2032
4.1. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis, 2015-2021
4.2. Current and Future Market Size Value (US$ Mn) & Volume (Units) Projections, 2022-2032
TOC continued..!
About FMI - Packaging
The Packaging team of FMI offers a specific, reliable, and accurate analysis of the global packaging industry. This exhaustive research ranges from the material type, alcohol type, product types, retailing, and distribution of packaging materials to supply-demand-trade assessment, and relevant advancements occurring in the industry.
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About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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