Global Alcoholic Beverage Packaging Market 2018-2022
About Alcoholic Beverage Packaging
Alcoholic beverage packaging provides packaging for beverages that contain alcohol. Packaging containers are used for the storage of alcoholic beverages such as beer, wine, vodka, whiskey, rum, and champagne.Technavio’s analysts forecast the global alcoholic beverage packaging market to grow at a CAGR of 4.51% during the period 2018-2022.Covered in this report The report covers the present scenario and the growth prospects of the global alcoholic beverage packaging market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Alcoholic Beverage Packaging Market 2018-2022
Technavio recognizes the following companies as the key players in the global alcoholic beverage packaging market: Amcor, Ardagh Group, Ball Corporation, Crown Holdings, and O-I.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is rising popularity of metal packaging for alcoholic beverages other than beer. Metals cans are generally used for alcoholic beverages such as beer. One of the major factors driving the growth of cans is the increased demand.”
According to the report, one driver in the market is rising consumption of alcohol. The rise in urban population and the increasing disposable income in the emerging countries such as India and Vietnam are increasing the consumption of alcoholic beverages.
Further, the report states that one challenge in the market is rising cost of raw materials and energy increasing the production cost of packaging. The cost of raw materials used in packaging solutions is one of the crucial factors that determine the cost of end-products such as metal cans. In addition, the use of fuels such as coal also influences the cost of end-products.