Wine Packaging Boxes Market Forecasts to 2028 – Global Analysis By Material (Paper, Wooden, Kraft Paper, Glass, Polypropylene and Other Materials), Product Type, Application and By Geography

Wine Packaging Boxes Market Forecasts to 2028 – Global Analysis By Material (Paper, Wooden, Kraft Paper, Glass, Polypropylene and Other Materials), Product Type, Application and By Geography

According to Stratistics MRC, the Global Wine Packaging Boxes Market is accounted for $3.4 billion in 2022 and is expected to reach $5.2 billion by 2028 growing at a CAGR of 7.3% during the forecast period. Wine can be packaged in a range of shapes, sizes, and materials that are more user-friendly, cost-effective, and enhance the product's aesthetic appeal. In the industry, conventional glass bottles are most frequently utilised. The wine manufacturers also favour their latest iterations, which include slimmer echo-glass containers and etched glass bottles. Due to its greater convenience compared to glass bottles, single-serve wine containers are likewise gaining significant appeal on a global scale. Market participants are also enhancing the aesthetic appeal of wine packaging and growing their current consumer base by utilising innovative graphics.

According to StatCan, approximately 537.41 million liters of wine were sold in Canada in 2021, which increased from 527 million liters in 2020. According to the International Organisation of Vine and Wine Intergovernmental Organisation, in 2021 world wine production is estimated between 247.1 and 253.5 mhl (million hectolitres).

Market Dynamics:

Driver:

Rise in consumption of wine

The rise in wine consumption and increased awareness of the advantages of wine are the primary drivers driving market expansion. The need for wine packaging has also expanded due to the variety of colours, sizes, and shapes, as well as the usage of easily biodegradable packaging materials. Furthermore, an increase in disposable income, an increase in the working population, and an improvement in living conditions have all contributed to the market's expansion.

Restraint:

Maintaining the standard quality of packaging product

The majority of packaging materials used for carrying daily goods are made of plastic, corrugated, and paper-based boxes or lightweight bags. The pulpwood, which is used to make paper products, isn't necessarily of the same calibre as the pulp. Due to the poor quality of the raw materials used in manufacture, paper bags also rip easily. Paper bag quality will vary when different types of wood pulp are used in production, which presents a difficulty for the manufacturers.

Opportunity:

Increasing adoption of eco-friendly and biodegradable products

Wine is protected from environmental, chemical, and physical elements by packaging in bottles and cans, which is essential because improper packaging could infect the entire batch of wine. The demand for eco-friendly and biodegradable packaging materials is increasing since they are low-cost to produce and can be reused and recycled, minimising the manufacturer's waste output and accelerating growth.

Threat:

Cost of raw materials

Growth of the global market is hampered by the cost of raw materials like glass bottles. Wine is frequently packaged in fragile glass bottles that are easy to break. By improving the quality and material of wine packaging, businesses are attempting to generate demand for it. New technologies enhance packaging quality and make it more lightweight has increased growth of the market.

Covid-19 Impact

Globally, the alcohol sector has been severely impacted by COVID-19. The global alcohol industry has been severely impacted by the pandemic. Globally, the alcohol business has been severely impacted. Due to the closure of all bars, liquor stores, and restaurants, revenue has decreased and sales have decreased. It has also had an impact on the packaging sector. Due to the closure of all bars, liquor stores, and restaurants, revenue has decreased and sales have decreased. It has also had an impact on the packaging sector. Alcoholic beverage import and export have been halted by trade regulations. Lockdown was, however, removed in certain nations, which provided some respite to businesses and raised output and sales.

The glass segment is expected to be the largest during the forecast period

The glass segment is estimated to have a lucrative growth, due to increase in awareness. Glass remains the best choice for wine packaging among others. For health, flavour, and the environment, glass is a trusted and established container material. It is recyclable without suffering from quality degradation. Because glass is impermeable and nonporous, it does not interact with wine to change its flavour or scent while still adding to the aesthetics and overall drinking experience.

The bottles segment is expected to have the highest CAGR during the forecast period

The bottles segment is anticipated to witness the fastest CAGR growth during the forecast period, due to its advantages. Wine is better preserved in glass bottles, which also raises customer demand for it. The majority of wine gets better during bottle preservation. Bottles can be customised with a wide range of labels and decorations and come in any shape, size, and colour. This is the major factor driving the growth of the segment.

Region with Largest share:

North America is projected to hold the largest market share during the forecast period owing to premiumization of wines. In addition, advances are spurred by surging disposable personal incomes and changing alcoholic beverage preferences among younger consumers. The preference for wine over beer among baby boomers and a higher proportion of boomers who drink wine everyday compared to other age groups are two examples of these trends.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, owing to the increasing consumption of wine. The increasing sales of wine also boost the wine packaging. Additionally, the demand for secondary wine packaging, such as barrels, racks, and trays, is being fueled by consumers' growing need for secure packaging. These elements are fueling a high demand among regional wine packaging manufacturers.

Key players in the market

Some of the key players profiled in the Wine Packaging Boxes Market include DS Smith, Sealed Air, International Paper, Amcor Limited, Encore Glass Inc., Lihua Group, Ardagh Group SA, Smurfit Kappa, Cross Country Box Co. Inc, Riverside paper Co, Ball Corporation and MosPackaging.

Key Developments:

In November 2022, Smurfit Kappa has created an innovative and sustainable packaging solution tailored explicitly for wine to help businesses in the sector capitalize on the continued growth in eCommerce wine sales.

In March 2022, Ardagh Group S.A., to design and manufacture a highly decorated wine bottle collaborated with Constellation Brands, Inc.

Materials Covered:
• Paper
• Wooden
• Kraft Paper
• Glass
• Polypropylene
• Other Materials

Product Types Covered:
• Cartons
• Bag in Box
• Bottles
• Other Product Types

Applications Covered:
• Transportation
• Retailing
• Food Services
• Other Applications

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements