With the emergence and long-term Impact of COVID-19, Global Alcohol Packaging Market to reach USD 17.2 Billion by 2030
Bizwit Research & Consulting LLP’s Recent Analysis on Global Alcohol Packaging Market is poised to raise up to USD 17.2 Billion by 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.
Geographically, the global Alcohol Packaging market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). 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.
The global Alcohol Packaging market is highly competitive owing to the presence of several key manufacturers such as Amcor plc., Ardagh Group S.A., Diageo PLC, BALL CORPORATION, Berry Global Inc., Tetra Pak Group, Saint-Gobain Group. and others.
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Key findings of the study suggest:
- Global Alcohol Packaging Market is anticipated to grow with a healthy growth rate of more than 5.3% over the forecast period 2023-2030.
- In the Packaging segment, Primary emerged out as the leading market segment in 2022.
- In the Material segment, Glass emerged out as the leading market segment in 2022.
- In the end use segment, Spirit emerged out as the leading market segment in 2022.
- Asia Pacific is anticipated to drive regional growth Owing to rising spirits consumption and manufacturer’s transition to environmentally friendly packaging.
- North America is expected to grow at higher rate followed by Asia Pacific during 2023-2030.
Bizwit Research & Consulting has considered following segments for the study:
Packaging Type:
- Primary
- Secondary
Material:
- Metal
- Plastic
- Glass
- Others
End-Use:
- Wine
- Bear
- Spirit
- Others
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. The company has a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. Bizwit incorporate big data, expert analysis, and huge industry database to deliver client focused business consulting reports. Our analysts perform unbiased measurement and assessment of market opportunities to comprehend detailed market forecast. Our team of key opinion leaders evaluates the market size, growth prospects, end-use, applications, value & supply chain and top vendors in the industry to help the clients to take conversant business decisions without any vague assumptions.
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