Selbyville, Delaware, Dec. 04, 2024 (GLOBE NEWSWIRE) -- Wine Packaging Market was valued at USD 5.9 billion in 2023 and is projected to be worth USD 10 billion by the end of 2032, as per a recent study by Global Market Insights Inc.
The industry's expansion is driven by the increasing demand for sustainable packaging solutions, as environmentally conscious consumers prioritize eco-friendly options. This shift towards sustainability is encouraging brands to adopt recyclable, lightweight, and biodegradable packaging, reducing environmental impact while appealing to the growing base of eco-aware buyers. Consequently, investment in sustainable packaging technologies is rising, fostering competition and promoting responsible practices within the wine packaging industry.
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The wine packaging market is segmented by packaging type into primary and secondary categories. Primary packaging is expected to exceed USD 5 billion by 2032, as its direct influence on consumer experience makes it a vital aspect for wine producers. High-quality, aesthetically appealing primary packaging not only attracts buyers but also aligns with the increasing demand for sustainability. Innovations like lightweight bottles and eco-friendly materials are enhancing shelf appeal and consumer satisfaction.
By type, the wine packaging market includes bottles, barrels & kegs, bag-in-box, boxes & cartons, labels, and others. The bag-in-box segment is the fastest-growing, with an anticipated CAGR of over 8% from 2024 to 2032. This packaging type is gaining popularity due to its convenience, sustainability, and cost-efficiency. The bag-in-box system, which consists of a flexible bag inside a rigid outer box, offers easy pouring and storage, making it a preferred option for both casual and frequent wine consumers. Its growth is largely driven by the rising demand for convenient packaging solutions.
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North America holds a significant share of the global wine packaging market, accounting for over 25%. In the U.S., the market is experiencing notable growth due to a combination of factors, including the increasing popularity of wine, a focus on innovative and sustainable packaging, and growing consumer interest in premium wine varieties. Producers are responding to these trends by adopting advanced packaging technologies that enhance both product appeal and shelf life. Additionally, the rise of e-commerce and online wine sales is further driving demand for convenient and efficient packaging solutions, especially those optimized for home delivery.
Wine Packaging Market Players
Companies including Amcor, Ardagh Group, Avery Dennison, Berlin Packaging, CCL Industries, Estal Packaging, Gerresheimer, Golden State Box Factory, Guala Closures, International Paper, Maverick Enterprises, Saverglass, Saxco International, Sealed Air, Smurfit Kappa Group, TricorBraun, UPM Raflatac, Verallia, Veritiv, Vetropack Holding, Vidrala are some firms working in wine packaging industry.
This wine packaging market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD million) from 2021 to 2032, for the following segments:
Market, By Material
- Glass
- Metal
- Paper and paper board
- Plastic
- Others
Market, By Type
- Bottles
- Barrels & kegs
- Bag-in-box
- Boxes & cartons
- Labels
- Others
Market, By Packaging Type
- Primary
- Secondary
Market, By Distribution Channel
- Online
- Offline
About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
