Alcohol Packaging Market Trends, Outlook, Future Scope Analysis and Forecast To 2023
Alcohol Packaging Market Trends
Geographically, the global Alcohol Packaging Market Trends has been divided into four major regions: North America, Europe, Asia-Pacific and the rest of the world. North America accounted for the largest market share in 2016, followed by Europe and Asia-Pacific. High living standards of people and high consumption of premium alcohol beverages driving the growth of the market in this region. Europe is the second-largest market for alcohol packaging. Increasing consumption of alcohol coupled with high purchasing power of the consumers drives potential demand for the market in the coming years.
The Global Alcohol Packaging Market Trends is expected to grow at a CAGR of 4.2% during the forecast period.
Key Players
The prominent players in the Alcohol Packaging Market Trends include Ball Corporation (US), Crown Holdings, Inc. (US), Ardagh Group S.A. (Republic of Ireland), Fiberon, LLC (USA), Owens Illinois Inc. (US), Berry Global, Inc. (US), Gerresheimer AG (Germany), Nampak Ltd (South Africa), Stora Enso Oyj (Finland), Vidrala S.A. (Spain) and among others.
Segmentation
For this study, the Global Alcohol Packaging Market Trends has been divided into three segments: by material, packaging, and application. On the basis of material, the market has been segmented into glass, metal, plastic, and paper & paperboard. In the material segment, glass accounts for the largest market share. Glass in known for various properties including water-resistance, flexibility of shape, and chemical inertness. Moreover, it can be reused and can be recycled. Glass packaged products stay safe and can last for a longer duration.
On the basis of packaging, the market has been segmented into primary packaging and secondary packaging. Primary packaging is subdivided into bottles, cans, bag-in-box, liquid brick carton, growlers, and pouches. Secondary packaging is subdivided into boxes, folding cartons, and others. Primary packaging dominates the type segment of the market and is expected to grow at the highest CAGR during the forecast period.
On the basis of application, the market has been segmented into beer, wine and spirits, and others. Beer packaging currently dominates the application segment and is expected to grow at the highest CAGR during the forecast period. Increase in the consumption of beer and its increasing popularity among the masses, especially youth, is driving the growth of this segment.
Scope of the Report
This study provides an overview of the global Alcohol Packaging Market Trends, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global Alcohol Packaging Market Trends by its type, by end user and region.
- By Material
- Glass
- Metal
- Plastic
- Paper & Paperboard
- By Packaging
- Primary Packaging
- Bottles
- Cans
- Bag-in-box
- Liquid brick carton
- Growlers
- Poches
- Secondary packaging
- Boxes
- Folding cartons
- Others
- By Application
- Beer
- Wine
- Spirits
- Others
- By Region
- North America
- Asia-Pacific
- Europe
- Rest of the World
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