With the emergence and long-term Impact of COVID-19, the Global Alcoholic Beverage Packaging Market is to reach USD 72.79 Billion by 2030
Bizwit Research & Consulting LLP’s Recent Analysis on Global Alcoholic Beverage Packaging Market is poised to raise up to USD 72.79 Billion by 2030. Alcoholic Beverage Packaging is a type of bag-in-box and pouch packaging that allows for ecologically responsible methods of keeping alcoholic drinks safe from fill to end-of-life and extending freshness after opening. Proper beverage packaging design and execution extends the shelf life of the beverage, makes it more convenient for users, and decreases material costs due to waste. Rising demand for premium alcoholic beverages, particularly craft beer, as well as the growing popularity of speciality drinks, are likely to drive market expansion throughout the forecast period.
The packing and manufacturing sectors provide appealing package forms to the beverage industry, and the growth and expansion of the food and beverage industries will drive the alcoholic beverage packaging market worth even higher. Other indirect effects include increased e-commerce industry proliferation, particularly in emerging nations, rising consumer preferences for retail formats, increasing westernisation, modernization, urbanisation, an ever-increasing global population, and rising personal disposable income. Rising demand for premium alcoholic beverages including craft beer is expected to promote market growth . According to the Brewers Association in 2021, estimates the global beer industry worth USD 94.1 billion in 2020, while the global craft beer market worth USD 22.2 billion.
China drinks more than 113 billion bottles of beer annually on average, compared to roughly 67.5 billion in the United States. Only a little bit more than half of that is consumed annually in Brazil. Additionally, Consumer brand awareness is growing, and the usage of renewable raw materials is expanding, which boost the alcoholic beverage packaging industry in the long run. However, government rules prohibiting the use of hazardous and non-biodegradable items have confined producers to a few packaging materials of Alcoholic Beverage Packaging stifling market growth throughout the forecast period of 2023-2030.
Geographically, the global Alcoholic Beverage 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 in 2022 owing to increased consumption of beer and spirit beverages in the region has been a key element in industry expansion.
According to the WHO in 2022, alcohol consumption causes three million deaths per year, accounting for approximately 5.3% of all deaths worldwide and 5.1% of the global burden of disability-adjusted life years (DALYs). North America is expected to grow significantly during the forecast period 2022-2030, owing to increasing use of luxury alcoholic drinks like spirits and wines. For instance, the demand for vodka in the United States has been increasing. As one of the premium drinks, flavoured beer is in high demand in Europe.
The global Alcoholic Beverage Packaging Market is highly competitive owing to the presence of several key manufacturers such as Amcor PLC, Ball Corporation, Krones AG, Mondi PLC, Crown Holdings Inc., Sidel SA, Oi Glass Inc., and others.
For further analysis on this or to request a sample copy of this report, please click the link mentioned below:
Key findings of the study suggest:
- Global Alcoholic Beverage Packaging Market is anticipated to grow with a healthy growth rate of more than 4.8% over the forecast period 2023-2030.
- In the Product segment, plastic emerged as the leading market segment in 2022.
- Asia Pacific is anticipated to drive regional growth owing to a surge in demand for alcoholic beverages.
- North America is expected to grow at a high CAGR followed by Asia Pacific during 2023-2030.
Bizwit Research & Consulting has considered the following segments for the study:
By Product:
- Plastic
- Paper & Paperboard
- Glass
- Metal
By Application:
- Beer
- Spirits
- Wine
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
To get a sample of this report or to purchase a copy of the study, you can directly contact us at: sales@bizwitresearch.com
About Us
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.
Contact US
Global Business Development
Phone : +1 209 498-3066
Email: Sales@bizwitresearch.com
Website: www.bizwitresearch.com
