The North American region is a significant contributor to the growth of the global alcoholic beverage packaging market. Innovative and attractive packaging solutions such as whiskey bags, ceramic bottles or sachet cases will boost the growth of the alcoholic beverage market
Newark, Dale.And the 6 July 2022 /PRNewswire/ – Global demand for alcoholic beverage bottling market is expected to grow to an assessment 47225.2 USD Mn in 2022, showing a compound annual growth rate of 3.9% From 2022 to 2032. Alcoholic beverage packaging market is expected to reach 69235.6 USD Minnesota by 2032. Rising consumption of alcoholic beverages leads to the growth of the alcoholic beverage bottling market.
Successful brand promotion of alcoholic beverages largely depends on beverage packaging. With superior brands and funky packaging formats, the alcoholic beverage market is rapidly trending toward growth. According to a study report published by Lancelot, global per capita alcohol consumption increased from 5.9 liters in 1990 to 6.5 liters in 2017. This rise in consumption is expected to grow by 17% to reach 7.6 liters in 2030.
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Unique and attractive packaging is driving the growth of the market for alcoholic beverages. Expansion of the beverage market will increase the sales of alcoholic beverage packaging in the market. Attractive packaging arrangements offered by the packaging industry to the beverage sector and the growth in the food and beverage sector are the factors likely to drive growth.
“Increasing demand for premium alcoholic beverages such as handcrafted beer and the popularity of flake beverages along with increased alcohol consumption will boost growth in the alcoholic beverage bottling market during the forecast period,” FMI Analyst says.
The main takeaway:
High demand for sustainable packaging materials is expected to drive market growth during the assessment period.
Innovative and attractive packaging solutions such as whiskey bags, glass bottles and pouches in the box will boost the growth of the alcoholic beverage packaging market.
The evolving e-commerce industry, consumer preferences and rising disposable income will indirectly boost market growth
North Amarica It is expected to hold a 19% share of the alcoholic beverage bottling market in 2022.
Europe It is expected to receive 16% of market revenue by the end of 2022.
Regional market players in North Amarica Particularly contributing to the growth of the global market
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Global Alcoholic Beverage Packaging Market – Key Players
Few of the major players currently operating in the alcoholic beverage bottling market are –
Ardagh Group SA
Berry Global Company
tetra pack group
OI Glass, Inc.
Etruscan glass works
Orora Packaging Australia Pty Ltd
Bemis Manufacturing Company
Sidel and . group
Sonoco Products Company and many more
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More insights into the Alcoholic Beverage Packaging market report
In its latest report, FMI provides an unbiased analysis of the global alcoholic beverage packaging market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022 to 2032.
As FMI reports, visually attractive, biodegradable and sustainable packaging materials are gaining momentum in the alcoholic beverage packaging market. Major market players are investing in research and development activities to bring sustainable packaging solutions to the market.
Besides increasing alcohol consumption, increasing brand awareness among consumers will create a favorable environment for alcoholic beverage packaging market. Although challenges such as strict government regulations and a growing health conscious consumer base may hamper market growth, the outlook for the alcoholic beverage packaging market is rather good for the forecast period.
Major sectors identified in the Alcoholic Beverage Packaging Industry Survey
Alcoholic Beverage Packaging Market By Substances Used:
Mineral alcoholic beverage packaging
Glass bottles for alcoholic drinks
Plastic alcoholic beverage packaging
Paper alcoholic beverage packaging
Other alcoholic beverage filling materials (wood, etc.)
Alcoholic Beverage Packaging Market, by Product Type:
Alcoholic beverage packaging market:
Alcoholic Beverage Packaging Market by Region:
North America alcoholic beverage packaging market
Latin America Alcoholic Beverage Packaging Market
Europe alcoholic beverage packaging market
Asia-Pacific Alcoholic Beverage Packaging Market
The Middle East & Africa Alcoholic Beverage Packaging Market
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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 / Rating
2.2. Market Definition / Scope / Limitations
3. Market background
3.1. market dynamics
3.2 Impact of COVID-19
3.3 Macro Factors and Predictive Factors
3.4. value chain analysis
4. Global Alcoholic Beverage Packaging Market Analysis 2015-2021 And Forecast, 2022-2032
4.1 Historical Value of Market Size (US$ Million) and Volume Analysis (Units), 2015-2021
4.2 Current and future market size (million USD) and forecast volume (units), 2022-2032
About FMI – Packaging
The packaging team at FMI provides specific, reliable and accurate analysis of the global packaging industry. This comprehensive research ranges from substance type, alcohol type, product types, retail trade and packaging material distribution to an assessment of supply, demand, trade and related developments occurring in the industry.
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About Future Market Insights (FMI)
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