Global Alcoholic Beverage Packaging Market Competitive Landscape, Top Market Segments, And Fastest Growing Regions
12 Jun, 2023
The global alcoholic beverages packaging market size is expected to grow from $66.80 billion in 2022 to $72.02 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global alcoholic beverages packaging market size is expected to reach $93.11 billion in 2027 at a CAGR of 6.6%.
Global Alcoholic Beverage Packaging Market Key Driver
Rising alcoholic beverage consumption is predicted to drive future expansion in the alcoholic beverage packaging industry. Changes in social and cultural norms, increased availability of alcoholic beverages, changes in marketing methods, and changes in economic and social situations have all contributed to rising alcoholic beverage use. As the global demand for alcoholic beverages rises, so does the necessity for efficient and innovative packaging solutions to fulfil consumer preferences and regulatory requirements.
Get a sample of the global alcoholic beverage packaging market reportGlobal Alcoholic Beverage Packaging Market Segments
The global alcoholic beverage packaging market is segmented:
1) By Product: Cans, Bottles, Other Products
2) By Material: Glass, Metal, Plastic, Other Materials
3) By Application: Beer, Wine, Spirits, Other Applications
4) By Geography: The regions covered in the alcoholic beverage packaging market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global alcoholic beverage packaging market.
Major Alcoholic Beverage Packaging Industry Players
Mondi plc, Amcor Plc, Ball Corporation, Crown Holdings Inc., Berry Global Group Inc., Tetra Pak International S.A., Ardagh Group, Owens-Illinois (O-I) Inc., Krones AG, Orora Packaging Australia Pty. Ltd., Vetreria Etrusca S.p.A., Brick Packaging LLC, Nampak Limited, Encore Glass, Gerresheimer AG
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Alcoholic Beverage Packaging Market Overview
Alcoholic beverage packaging refers to materials and designs to contain and transport alcoholic drinks. The outside packaging for alcoholic beverages has the primary role of holding and protecting the liquid inside.
Alcoholic Beverage Packaging Global Market Report 2023 provides data on the global alcoholic beverage packaging market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The alcoholic beverage packaging market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.