Global Alcohol Packaging Market is valued at approximately USD 10.8 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 5.3% over the forecast period 2023-2030. The Alcohol Packaging Market refers to the industry involved in the design, production, and distribution of packaging materials specifically designed for alcoholic beverages, ensuring product safety, preservation, and branding. The Alcohol Packaging Market is expanding because of factors such as an increase in emphasis on the development of eco-friendly packaging and increasing production of beer. Moreover, rising environmental consciousness around the world, manufacturers of packaging solutions are concentrating on sustainable packaging goods. Because of this, there likely be a greater demand for creative and environmentally responsible alcohol packaging options. Its importance has progressively increased during the forecast period of 2023-2030.
According to Statista in 2021, the market for sustainable plastic packaging was estimated to be worth around 90 billion dollars. By 2026, the market for sustainable plastic packaging is anticipated to be worth 127.5 billion dollars. The increasing demand for premium alcoholic beverages is prominently expected to accelerate the alcohol packaging market growth. According to Statista in 2023, the beer market is anticipated to generate USD 610.00 billion in revenue. The market is anticipated to expand at 5.44% yearly CAGR between 2023 to 2027. About 616.96 million hectoliters of beer were produced in North and South America in 2021. In that year, there were more than 1.859 billion hectoliters of beer produced globally. In addition, Packaging innovation in wine and spirits and increasing use of bioplastic materials for packaging would provide lucrative growth opportunities. However, Price fluctuation of raw materials and stringent regulation toward the alcohol industry. stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Alcohol Packaging Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market during the forecast period owing to the rising spirits consumption and manufacturer’s transition to environmentally friendly packaging. Because people’s disposable income in growing nations such as India and China have increased, there is a considerable demand for alcoholic beverages in the Asia Pacific region. North America is the fastest growing region during the forecast period owing to the factors such as, rising demand for beer and craft beer among the younger and middle-aged population, coupled with increased investments and expansion initiatives by market players, aims to meet the growing demand for alcoholic beverages in the region.
Major market player included in this report are:
Ardagh Group S.A.
Berry Global Inc.
Tetra Pak Group
Orora Packaging Australia Pvt Ltd
Bemis Manufacturing Company,
Sonoco Products Company
Recent Developments in the Market:
? In March 2022 -The hybrid packaging company Berline Packaging acquired the Canadian glass bottle producer United Bottles and Packaging for an undisclosed sum. By strengthening its position in the Canadian food and beverage sector and expanding its glass capabilities across North America, Berline Packaging may profit from the acquisition.
? In May 2022, Orora is pleased to receive a federal government grant that will advance the pioneering oxygen-fueled furnace project in Australia. The grant application may assist in the construction of an oxygen-fueled furnace at the Orora Glass manufacturing facility located in Gawler, South Australia.
Global Alcohol Packaging Market Report Scope:
? Historical Data – 2020 - 2021
? Base Year for Estimation – 2022
? Forecast period - 2023-2030
? Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
? Segments Covered – Packaging Type, Material, End-Use, Region
? Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
? Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Packaging Type:
Middle East & Africa
Rest of Middle East & Africa