The research study conducted by Report Ocean on the “ Alcohol Packaging Market v” spans over 100+ pages and delves into various facets of this market. It analyses the business strategies adopted by emerging industry players, examines the geographical scope, dissects market segments, evaluates the product landscape, and investigates price and cost structures. This research report facilitates market segmentation based on the latest Market trends, geographical market, and technological advancements. Each section of the report is meticulously prepared to scrutinize key aspects of the market. Moreover, it includes a detailed analysis of current applications, comparing them while focusing on opportunities, threats, and conducting a competitive analysis of major companies.
Global 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
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
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
Key Questions Answered in the Market Report:
• How did the COVID-19 pandemic have an impact on the adoption of via a range of pharmaceutical and existence sciences companies?
• What is the outlook for the affect market all through the forecast length 2023-2032?
• What are the key developments influencing the have an impact on market? How will they have an impact on the market in short-, mid-, and long-term duration?
• What is the give up person appreciation toward?
• What are the key elements impacting the have an effect on market? What will be there have an impact on in short-, mid-, and long-term duration?
• What are the key possibilities areas in the influence market? What is their workable in short-, mid-, and long-term duration?
• What are the key techniques adopted via groups in the have an effect on market?
• What are the key utility areas of the influence market? Which utility is predicted to keep the very best increase attainable all through the forecast duration 2023-2033?
• What is the favoured deployment mannequin for the impact? What is the boom conceivable of quite a number deployment fashions existing in the market?
• Who are the key cease customers of pharmaceutical quality? What is their respective share in the affect market?
• Which regional market is predicted to maintain the easiest boom possible in the have an impact on market at some stage in the forecast length 2023-2032?
• Which are the key gamers in the have an impact on market?
Growth Hampering Factors in the Market:
- Environmental regulations: Stricter environmental regulations on the production and use of fossil fuels can limit the availability and use of traditional market.
- Safety concerns: Safety concerns regarding the storage and transportation of can limit their use.
- Supply chain disruptions: Disruptions in the global supply chain due to natural disasters, pandemics, or other factors can impact the availability and cost of market.
- Security concerns: Security concerns regarding the transportation and storage of market can limit their use and availability.
- Technological obsolescence: Advances in technology can make existing systems obsolete, leading to reduced demand.
- Competition from alternative fuels: The development of alternative fuels such as biofuels and hydrogen-based fuels can compete with traditional market.
- Volatility in oil prices: Fluctuations in oil prices can affect the cost of market, making it difficult for industry players to predict and plan for costs.
- Economic downturns: Economic downturns can result in reduced demand for air travel and air cargo transportation, leading to a reduction in demand for market.
- Geopolitical tensions: Political instability and tensions between nations can impact the global supply chain for market, leading to supply disruptions and price fluctuations.
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