NEWARK, Del, April 06, 2023 (GLOBE NEWSWIRE) -- The global alcohol packaging market was worth US$ 47.23 Billion in the year 2022 and is expected to reach US$ 69.23 Billion by the year 2022-32 at a CAGR of 3.9% between 2022 and 2032.
Alcohol is developed via a fermentation process making use of yeast and sugar. Alcohol packaging, as the name suggests, comes across as the art to enclose or protect alcohol to long-term storage along with sales, distribution, and usage.
Glass is coming out to be one of the most popular and quickest-growing materials for alcohol packaging as it is known for neutral reactivity, reusability, and recycling. IT does preserve alcohol for long and averts contamination. It’s also good to know that glass is permeable to carbon dioxide and oxygen; which renders it preferable to store spirits for long.
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Glass is also impermeable and non-porous. This nature does prevent interaction between alcohol and glass packaging, which doesn’t affect the flavor of alcohol. This does adversely affect flavor, aroma, and strength due to 0% chemical interactions.
Metal cans are being increasingly used for alcohol packaging. Metal can come across as one of the packaging containers used to store and distribute alcoholic beverages. They are a cost-effective solution as well. Metallic luster in combination with colourful graphic printing does render it and attractive appearance.
Glass bottles, tin cans, aluminum cans, and Pet bottles are certain instances of primary packaging. It does protect alcohol from spilling as well as exposure to elements leading to deterioration.
At the same time, with awareness campaigns regarding ill-effects of alcohol packaging being conducted all across, the global alcohol packaging market is likely to get hampered in the forecast period.
Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Alcohol Packaging Market’. The team of analysts and consultants deploys a 360-degree view in its macro- and micro-oriented research.
“With rising intake of alcoholic beverages, the global alcohol packaging market is expected to grow on an impertinent note in the forecast period”, says an analyst from Future Market Insights.
Key Takeaways from Alcohol Packaging Market
- North America holds the largest market share due to the US witnessing an ever-increasing intake of premium alcoholic beverages inclusive of wines and spirits.
- Europe is witnessing a higher demand for flavored beer as a premium drink. Moreover, rising consumption of whiskey and French beer for giving impetus to the alcohol packaging market.
- The Asia-Pacific is expected to witness growth at a faster rate in the alcohol packaging market in the forecast period with newer market players coming with novel technologies. Along these lines, Hong-Kong-based Sustainable aims to go for zero-waste lifestyle as well as household products. The primary product is a drinking straw made up of naturally sustainable lepironia grass (a kind of bamboo grass found in abundance in Southeast Asia).
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Competitive Packaging
- Orora, in May 2022, did welcome grant from the federal government to go ahead with Australian first oxygen fuelled furnace project. This application of grant did extend support to planned construction of oxygen-fuelled furnace at Orora Glass manufacturing plant at Gawler (South Australia).
- Diageo PLC, in April 2019, did announce that it won’t be making use of plastic for beer brand ‘Guinness’, emphasizing on minimization of plastic waste. The company invested US$ 17 Million to introduce 100% biodegradable and recyclable cardboard for replacing plastic.
- Amcor Ltd., in March 2019, did acquire Bemis Company Inc. This combination would focus on creation of a staggering value proposition for employees, shareholders, environment, and customers.
- Parkway Brewing Company, in the year 2020, entered into collaboration with Ardagh Group, with the objective of producing 12-oz long-neck beer glass bottles in the US.
- Avallen (maker of Calvados) does aim to be the most sustainable spirit in the world by making use of sustainable packaging like recycled glass bottles and the discarded apple pulp labels.
Key Players
- Amcor plc.
- ProAmpac.
- Crown
- Ardagh Group S.A.
- Diageo PLC
- BALL CORPORATION
- Berry Global Inc.
- Tetra Pak Group
- Saint-Gobain Group.
- O-I Glass, Inc.
- Vetreria Etrusca
- Encore Glass
- Orora Packaging Australia Pvt Ltd
- Creative Glass
- Brick Packaging
- Bemis Manufacturing Company, Nampak Ltd.
- Krones AG
- Sidel Group
- Sonoco Products Company
Key Segments
By Material Type:
- Metal, Glass
- Plastic
- Paper
- Others
By Type:
- Cans
- Kegs
- Bottles
- Jars
- Others
By Alcoholic Beverages:
- Distilled
- Vodka
- Tequila
- Rum
- Whisky
- Gin
- Others
- Un-distilled Fermented
- Beer
- Wines
- Cider
By Region:
- North America
- Latin America
- Asia Pacific
- MEA
- Europe
View full Report: https://www.futuremarketinsights.com/reports/alcoholic-beverages-packaging-market
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
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About the Packaging Division at Future Market Insights
The packaging division at Future Market Insights provides an in-depth historical analysis and projections for the next ten years and covers the competitive landscape through a unique dashboard view. Ranging from packaging materials, and packaging machinery to packaging designs & formats, Future Market Insights has an exhaustive database for these industry verticals, serving clients with unique research offerings and strategic recommendations. With a repository of 1,000+ reports, the team has analysed the packaging industry comprehensively in 50+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help.
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Old Source: Visually Appealing but Sustainable Packaging Materials Are Driving Growth for Alcoholic Beverages Packaging Market - Future Market Insights, Inc.
