Global Alcohol Packaging market 2024-2030

Alcohol packaging is a process where advanced packaging is used specifically for different types of alcohols. Increasing consumption of alcohol is impacting on the growth for the demand of alcohol packaging.

Glass in vital components in the global alcohol packaging market. The glass is used for packaging products, which in turn provides safety and can preserve the products with a longer shelf period, owing to the glass being non-reactive with consumable and non-consumable products. Glass possesses properties like recycling and reusing. It is majorly used for packaging of non-alcoholic and alcoholic beverages, and also pharmaceutical products. It has a variety of characteristics like chemical inertness, sterility, moldable, and waterproof which is very helpful for packaging various products.

The report on the global alcohol packaging market shows insights on the current market scenario by conducting over 280 hours of primary and secondary research. As per the report, global alcohol packaging market is growing its area and effective sphere of influence very fast and is gaining popularity. The global alcohol packaging market is currently (2018) valued at US $ xxx million. It is expected to value around US $ xxx million in 2023 registering a CAGR of xx % for the forecast period.

A major driving factor for the growth of the global alcohol packaging market is the increasing demand and consumption of alcoholic beverages, which also increases the productivity of alcohol manufacturers. Considering glass as a recyclable and reusable component, it is very much feasible, environment-friendly, and convenient for packaging solutions.

A major obstruction for the growth of the alcohol packaging market is the various benefits offered by metal packaging market. The metal packaging has better properties like durability, high mechanical strength, and better hermetic sealing. In addition, metal components as an excellent barrier against water, oxygen, and light, which in turn, will compete for its demand in the alcoholic packaging industry.

The Asian Pacific region is expected to be valued at growing CAGR rate of 5.3% and dominate with the largest market share for the global alcohol packaging market for the estimated period. Increasing consumption of alcoholic beverages across the region of emerging economies and emerging local players who are expected to meet the global standards of packaging are predicted to fuel the growth of this regional market. The European market is said to dominate the global alcohol packaging market and is expected to value at USD xxx million dollars for the future forecasted periods.

Some of the prominent players in the global alcohol packaging market include Amcor Limited, Crown Holdings Inc., Nampak Ltd., BA Glass Germany GmbH and Ardagh Group S.A.

The research procedure starts with the bifurcation of different market segments of global alcohol packaging market, followed by detection of factors affecting the growth each segment. Then, the market forecasts were built based on the inputs given by the business leaders across global alcohol packaging industry value chain. Market Krystal held more than 40 interviews for this study, details of which are mentioned:

By company type:

Manufacturers (35%), Suppliers (35%), Consumers (10%), Researchers (10%), Independent industry consultant (10%)

By geography:

North America (35%), Asia (30%), Europe (35%)

By designation:

Top level (40%), Operation level (30%), Mid-level (30%)

Contents of the report:

• Insights on the global alcohol packaging market industry dynamics
• Current estimation of the global alcohol packaging market size in terms of value and volume
• Global alcohol packaging market breakup based on product type and application.
• Substantiated global alcohol packaging market forecast for the next five years
• Detailed analysis of the key companies operating across different nodes of global alcohol packaging market industry value chain.