The market is expected to generate an incremental $ opportunity of US$ 20,856.50 Mn between 2022 and 2032
Category: Packaging Published Date : October 2022 ID: CVC-00364 Format: PDF Pages: 290
Alcohol Packaging Market Size Analysis
According to a recent survey conducted by ChemView Consulting, the Global Alcohol Packaging Market grew at a CAGR of 3.7% between 2017-2021 and is estimated to be US$ 42173.6 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 4.1% and is expected to reach a valuation of US$ 63,030.1 Mn by 2032 end.
Alcohol packaging protects, enhances brand exposure, and promotes brands, all of which affect customer choice. Customers favor brands with more straightforward packaging alternatives. Alcoholic beverage packaging is evolving significantly in design, robustness, and to-go possibilities.
Alcohol producers seek innovative ways to represent their brand, reduce carbon emissions, and offer suitable take-out containers. The packaging of alcoholic beverages will be crucial to brand promotion and increase brand awareness. Manufacturers offer creative packaging requirements for alcoholic beverages to get customers to purchase their brand.
Market Dynamic
THE INCREASING POPULARITY OF METAL CANS WILL DRIVE THE ALCOHOL PACKAGING MARKET
The rising popularity of metal cans will drive the market for alcohol packaging. Alcoholic beverages are packaged in metal cans, which are used for both distribution and storage. Cans made of metal are both affordable and very durable.
Due to its rigidity and strength, filling cans more quickly without any alcohol loss is simple. Its attractive packaging boosts its demand, which combines bright graphic printing with a beautiful metallic luster to create.
STEADY GROWTH IN ALCOHOL RETAIL SALES CREATES LUCRATIVE OPPORTUNITIES FOR ALCOHOL PACKAGING MANUFACTURERS
To draw customers, producers of alcohol packaging constantly experiment with different styles and flavors. As millennials are exposed to more of the modern world, they are becoming more drawn to these new alcohol products. As a result, millennials are anticipated to push sales of alcohol packaging.
Consumers are informed well in advance about new products thanks to internet platform promotions for new launches. As a result, the development in the retail sale of alcohol is opening up a lot of business for producers of alcohol packaging.
Market Segments Covered in Report
By Material:
By Alcohol:
By Packaging:
By Region and Country:
Segment-Wise Analysis
Which is the most important material segment in the Alcohol Packaging market?
The market for alcohol packaging was dominated by the glass category in 2021. Glass is more water-resistant than plastic, which is not. In a plastic bottle, alcohol is more prone to degrade. Alcohol can be kept in glass storage containers for longer since glass is impervious to O2 and CO2.
Since glass is completely recyclable and can be recycled continuously without losing quality or purity, it is frequently used in alcohol packaging. Glass’ capacity to withstand water helps prevent the taste taint of alcohol in glass packaging. Because there is no chemical interaction, it does not affect the alcohol’s potency, aroma, or flavor.
Which alcohol is expected to expand the fastest during the forecast period?
The beer segment will have the largest share of the global market. Beer is an alcoholic beverage made from the malt that has been hop-flavored and fermented with yeast. Around the world, beer is a widely consumed alcoholic beverage. It is mostly produced by fermenting cereal grains with yeast, water, and a set amount of time.
Fruits and herbs are regularly added to drinks to improve their flavor and aroma. The alcohol content of beer can range from less than 3% to 40% by volume, depending on the brand and recipe. Some main factors propelling the global beer market include the rising number of breweries and the global demand for beer.
Region-Wise Analysis
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.
Competition Analysis
These actions have enabled market participants to increase their clientele and revenue. With the increasing demand for alcohol packaging in the worldwide industry, market players can anticipate attractive growth prospects in the future.
A list of some of the key suppliers present in the market are:
Report Coverage and Highlights
Research Scope | Details |
Forecast period | 2022-2032 |
Historical data available for | 2017-2021 |
Market analysis | USD Million for Value and Tons for Volume, and CAGR from 2022 to 2032 |
Key regions covered | North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa |
Key countries covered | US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt |
Key segments covered | By Material, Alcohol, Packaging, and Region |
Customization scope | Available upon Request |
Pricing and purchase options | Available upon Request |