The global alcoholic beverage packaging market size is expected to reach USD
83.86 billion by 2025 registering a CAGR of 4.8%, according to a new report by
Grand View Research, Inc. Increased awareness about sustainable packaging is
expected to remain a key factor for the market growth. Rising consumption of
premium alcoholic beverages, such as flavored vodka and single-malt whiskey,
particularly in developing countries, is also projected to contribute to the
market growth. In addition, influence of corporate culture is anticipated to
spur the demand for such beverages, thereby supporting market expansion.
Rising popularity of shim drinks is also
said to have a positive impact on the market over the forecast period.
Premiumization and graphic designing are expected to be the prominent trends
influencing the alcoholic beverage packaging market, particularly in the
developed countries including Germany and U.K. Glass products accounted for the
largest revenue share in 2018 and will retain the dominant position over the
forecast period. Glass materials have high demand as they are recyclable and
sustainable.
However, plastic product segment is
projected to witness the fastest CAGR owing to increasing adoption of
Polyethylene Terephthalate (PET) bottles in alcohol packaging. Rising focus of
key companies on sustainable packaging is also likely to have a positive impact
on the segment growth. For instance, in 2017, Triple Crown Distilling Co.
introduced flexible pouches. In 2017, The Smirnoff Co. launched Smirnoff Ice
Electric, an RTD alcoholic beverage packed in a resealable plastic bottle.
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https://www.grandviewresearch.com/industry-analysis/alcoholic-beverage-packaging-market
https://www.grandviewresearch.com/industry-analysis/alcoholic-beverage-packaging-market
Further key findings from the study suggest:
· In terms of revenue,plastic segment is
projected to ascend at the fastest CAGR of 6.3% from 2019 to 2025
· Beer application segment dominated the
global alcoholic beverage packaging market in 2018 and accounted for a revenue
share of more than 35% in the same year
· North America was the dominant regional
market in 2018. However, Asia Pacific is projected to be the fastest-growing
market from 2019 to 2025
· The industry is highly competitive in
nature. Some of the key companies include United Bottles & Packaging,
Vetreria Etrusca, O-I, Encore Glass, Orora Packaging Australia Pty. Ltd., and
Tetra Pak International S.A.
Grand View Research has segmented the
global alcoholic beverage packaging market on the basis of product,
application, and region:
Alcoholic Beverage Packaging Product
Outlook (Revenue, USD Billion, 2015 - 2025)
·
Plastic
·
Paper & Paperboard
·
Glass
·
Metal
Alcoholic Beverage Packaging Application
Outlook (Revenue, USD Billion, 2015 - 2025)
·
Beer
·
Wine
·
Spirits
·
Others
Alcoholic Beverage Packaging Regional
Outlook (Revenue, USD Billion, 2015 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
