Alcohol Packaging Market Size
Alcohol Packaging Market size was USD 62,223.9 million in 2021 and will grow at a CAGR of 2.8% from 2022 to 2028. It is projected that industry share will witness around 2.1% CAGR in terms of volume over the forecast timeframe, reaching 85,248.6 Kilo Tons by 2028.
Using sugar and yeast, alcohol is produced via a fermenting process. The art and technique of enclosing or protecting alcohol for storage, distribution, sale, and usage is alcohol packaging.
Thanks to its properties like recycling, reusability, and neutral reactivity, glass is becoming one of the most often used and fastest-growing materials in alcohol packaging. It avoids infection and stores alcohol for longer times. For longer term storage of spirits, glass is ideal since it is quite permeable to oxygen and carbon dioxide.
Glass undergoes a dealkanization process, which gives great resistance to leaching. Glass's non-porous and impermeable character stops interaction between glass packaging and alcohol, therefore influencing the alcohol taste. Since the alcohol has a 0% rate of chemical interaction, it has no effect on its taste, smell, or strength.
Rising metal can popularity will propel the alcohol packaging industry. Alcoholic beverages are stored and distributed using metal cans as packing containers. Both cost-effective and quite robust are metal cans. Its hardness and rigidity make filling cans faster faster without any loss of alcohol simple. Beautiful metallic luster combined with bright graphic printing makes it an attractive kind of packaging, which supports its demand.
| Report Attribute | Details |
|---|---|
| Base Year | 2021 |
| Alcohol Packaging Market Size in 2021 | 62,233.9 Million (USD) |
| Forecast Period | 2022 to 2028 |
| Forecast Period 2022 to 2028 CAGR | 2.8% |
| 2028 Value Projection | 74,936.3 Million (USD) |
| Historical Data for | 2018 to 2021 |
| No. of Pages | 170 |
| Tables, Charts & Figures | 216 |
| Segments covered | Material, Alcohol, and Packaging |
| Growth Drivers |
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| Pitfalls & Challenges |
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Recycling metal cans not only saves resources but also energy and reduces environmental pollution by means of repeated recycling. Apart from these, metal cans satisfy hygienic and safety criteria. The aforementioned mentioned elements make metal cans popular and thereby help the expansion of the alcohol packaging market over the predicted period.
The COVID-19 effect negatively interfered with the expansion of alcohol packaging sector in 2020. The virus has stopped output in many different parts of the globe. Rising absenteeism among employees, transportation restrictions, and raw material availability delays have all resulted from disruptions. Still, when lockdowns and travel restrictions are relaxed, the market is going toward normal. Furthermore influencing industrial development during the projection period could be changes in raw material prices.
Alcohol Packaging Market Analysis
By 2028, the beer market will create demand for over 60 million tons of packaging material. Among the most ancient and widely drank alcoholic beverages is beer. Third most often consumed drink after tea and coffee is this one. Among millennials, beer is the celebration beverage. It is a crucial element in feasts since it helps social groups to be coherent.
Among all the alcoholic beverages, beer is more nourishing. It boasts large concentrations of vitamin B, proteins, and antioxidants as well as Beer lowers the chance of kidney stones development. The additional advantages of beer include its high silicon content makes human bones stronger and lowers bad cholesterol or LDL by including soluble fibers.
By 2028, the paper segment will produce perhaps USD 3 billion. Functional packaging and handy storage that paper packaging offers are appealing and easy to handle. Usually, a paper bottle holds the wine or spirit surrounding a food-grade liner. Safe, healthy, and sustainable environment is offered by paper-based alcohol packaging. Packaging made of paper and cardboard seems more appealing and provides alcohol more protection. Made from renewable sources, namely paper and paperboard, paper containers have several environmental sustainability advantages.
Through 2028, the primary packaging alcohol packaging market is expected to increase at a CAGR of 2.9%. Materials used in primary alcohol packaging directly come into touch with the alcohol. It also goes as consumer or retail packaging. Primary alcohol packaging serves to both protect and inform the consumer.
When employed in the packaging of beer, the bottle containing the liquid and the label can be considered primary packaging. Primary packaging eases the way a consumer handles alcohol and makes the beverage appealing. Glass bottles, aluminum cans, tin cans, and PET bottles are some of the instances of primary packaging. Primary alcohol packaging protects the alcohol from spilling and exposure to elements that may lead to its deterioration.
Driven by rising beer and spirits consumption in the Asia Pacific, the area is expected to have over 30% market share by 2020. The alcohol packaging market in Asia Pacific will grow in line with changing manufacturing tastes for sustainable packaging. Furthermore supporting the market development are highly populous nations like China and India coupled with higher disposable incomes and growing acceptance of alcohol intake. Apart from this, growing consumer awareness of environmental safety would show to be beneficial for long-term growth of alcohol packaging.
Alcohol Packaging Market Share
The global alcohol packaging industry has several manufacturers. The packaging market is largely fragmented into several prominent and small manufacturers including
- Amcol Plc
- Ball Corporation
- Beatson Clark
- Berry Global Inc
- Brick Packaging LLC
- Crown Holdings Inc
- DS Smith
- Gerresheimer AG
- Mondi Group
- Owens Illinois
- Smurfit Kappa
- TetraPak
- Vetreria Etrusca
- Vidrala.
These companies are adopting various strategies such as product differentiation & development, mergers & acquisitions, expansion of sales & distribution network to gain competitive advantage. Additionally, continuous research & development activities associated with technological improvements for alcohol packaging will support the industry growth in future.
The alcohol packaging market report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2022 to 2028 for the following segments
By Material
- Glass
- Metal
- Plastic
- Paper
- Others
By Alcohol
- Beer
- Wine
- Spirits
- Others
By Packaging
- Primary
- Secondary
The above information is provided on a regional and country basis for the following
By Region
- North America
- U.S.
- Canada
- Europe
- Germany
- Russia
- UK
- Poland
- Spain
- Asia Pacific
- China
- Japan
- India
- Vietnam
- Thailand
- Latin America (LATAM)
- Brazil
- Mexico
- Middle East & Africa (MEA)
- South Africa
- Nigeria
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