Report Ocean has just released an all-encompassing market research report delving deep into the Alcohol Packaging Market industry. This report furnishes readers with invaluable insights into both present and future industry trends, equipping them with the means to discern the factors driving revenue growth and profitability. It meticulously scrutinizes the critical factors that impact both the global and regional markets, encompassing drivers, limitations, risks, challenges, opportunities, and trends specific to the industry. Additionally, the report underscores global certainties, undertakes comprehensive analysis of key players from upstream to downstream, and presents market forecasts, SWOT & PESTEL analysis, market scenarios, and feasibility studies.
Alcohol Packaging Market is valued at approximately USD 10.8 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 5.3% over the forecast period 2023-2030. The Alcohol Packaging Market refers to the industry involved in the design, production, and distribution of packaging materials specifically designed for alcoholic beverages, ensuring product safety, preservation, and branding. The Alcohol Packaging Market is expanding because of factors such as an increase in emphasis on the development of eco-friendly packaging and increasing production of beer. Moreover, rising environmental consciousness around the world, manufacturers of packaging solutions are concentrating on sustainable packaging goods. Because of this, there likely be a greater demand for creative and environmentally responsible alcohol packaging options. Its importance has progressively increased during the forecast period of 2023-2030.
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According to Statista in 2021, the market for sustainable plastic packaging was estimated to be worth around 90 billion dollars. By 2026, the market for sustainable plastic packaging is anticipated to be worth 127.5 billion dollars. The increasing demand for premium alcoholic beverages is prominently expected to accelerate the alcohol packaging market growth. According to Statista in 2023, the beer market is anticipated to generate USD 610.00 billion in revenue. The market is anticipated to expand at 5.44% yearly CAGR between 2023 to 2027. About 616.96 million hectoliters of beer were produced in North and South America in 2021. In that year, there were more than 1.859 billion hectoliters of beer produced globally. In addition, Packaging innovation in wine and spirits and increasing use of bioplastic materials for packaging would provide lucrative growth opportunities. However, Price fluctuation of raw materials and stringent regulation toward the alcohol industry. stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Alcohol Packaging Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market during the forecast period owing to the rising spirits consumption and manufacturer’s transition to environmentally friendly packaging. Because people’s disposable income in growing nations such as India and China have increased, there is a considerable demand for alcoholic beverages in the Asia Pacific region. North America is the fastest growing region during the forecast period owing to the factors such as, rising demand for beer and craft beer among the younger and middle-aged population, coupled with increased investments and expansion initiatives by market players, aims to meet the growing demand for alcoholic beverages in the region.
Major market player included in this report are:
Amcor plc.
Ardagh Group S.A.
Diageo PLC
BALL CORPORATION
Berry Global Inc.
Tetra Pak Group
Saint-Gobain Group.
Orora Packaging Australia Pvt Ltd
Bemis Manufacturing Company,
Sonoco Products Company
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Recent Developments in the Market:
In March 2022 -The hybrid packaging company Berline Packaging acquired the Canadian glass bottle producer United Bottles and Packaging for an undisclosed sum. By strengthening its position in the Canadian food and beverage sector and expanding its glass capabilities across North America, Berline Packaging may profit from the acquisition.
In May 2022, Orora is pleased to receive a federal government grant that will advance the pioneering oxygen-fueled furnace project in Australia. The grant application may assist in the construction of an oxygen-fueled furnace at the Orora Glass manufacturing facility located in Gawler, South Australia.
Global Alcohol Packaging Market Report Scope:
Historical Data: 2020 – 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Packaging Type, Material, End-Use, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below.
By Packaging Type:
Primary
Secondary
By Material:
Metal
Plastic
Glass
Others
By End-Use:
Wine
Bear
Spirit
Others
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
Table of Contents:
- Executive Summary
- Introduction
- Methodology
- Market Overview
- Market Analysis
- Market Size and Forecast
- Market Trends
- Market Dynamics
- Market Segmentation
- Competitive Landscape
- Competitive Scenario
- Key Players
- Regional Analysis
- Regional Market Overview
- Market Size and Forecast by Region
- Product/Service Analysis
- Product/Service Overview
- Market Size and Forecast by Product/Service
- End-User Analysis
- End-User Overview
- Market Size and Forecast by End-User
- Industry Structure
- Key Findings and Recommendations
- Conclusion
Compelling Reasons to Invest:
Market Segmentation and Value Insights:
- The report offers a comprehensive market segmentation, providing market value data for each segment and sub-segment examined. This deepens your understanding of market dynamics and opportunities within specific market segments.
Focus on Rapid Growth and Dominant Regions:
- This study pinpoints regions and market segments poised for swift growth and those holding a substantial market share. This strategic insight aids businesses in targeting high-growth areas for investment.
Geographical Market Analysis:
- Emphasizing product or service consumption across different geographic areas, the report identifies region-specific variables that influence the market. It offers valuable insights into regional market dynamics.
Competitive Landscape:
- The report includes market rankings of major players, highlighting recent partnerships, product/service launches, business expansions, and acquisitions by profiled companies. This data facilitates a comprehensive understanding of the competitive landscape and industry trends.
Comprehensive Company Profiles:
- Detailed profiles are provided for top market players, encompassing business overviews, company insights, product benchmarking, and SWOT analysis. This aids in gaining a holistic perspective on key market players.
Market Outlook and Growth Prospects:
- The report presents the current market outlook and future growth prospects, considering recent changes and developments. It identifies growth opportunities, drivers, obstacles, and restrictions in both developing and emerging regions.
Market Analysis Using Porter’s Five Forces and Value Chain:
- The market report offers a multifaceted market analysis, utilizing Porter’s five forces to assess industry competitiveness and providing insights into the market using the Value Chain approach.
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