Spirit Glass Packaging Market to Grow at 7.6% CAGR to Reach $ 14,388.8 Mn by 2027 Led by Allied Glass Containers Ltd, Ardagh Group, Bruni Glass S.P.A, Gerresheimer AG, Owens-Illinois, Stölzle Glass Group, Saverglass Group, Vetropack Holding, Vidrala, Vet

The global spirit glass packaging market accounted to US$ 7,540.3 Mn in 2018 and is expected to grow at a CAGR of 7.6% during the forecast period 2019 - 2027, to account to US$ 14,388.8 Mn by 2027.

Europe accounted for the largest market share in the global spirit glass packaging market. The growth of the spirit glass packaging market in this region is primarily attributed to the rising spending power of the customers and higher demand for spirit products in the country. Moreover, a significant shift in the customer’s interest in new and innovative glass packaging products will continue to drive the Europe spirit glass packaging market. Consumers are looking for sustainable packaging options to reduce the environmental impact. Glass is a sustainable and fully recyclable packaging material which provides environmental benefits such as contributing to mitigating climate change and saving natural resources. Thus, glass spirit packaging is preferred by the spirit and other alcohol beverage manufacturers. Furthermore, the production of spirit is enhanced over the past few years. These factors provide a lucrative growth opportunity for the spirit glass packaging market players.

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Global Spirit Glass Packaging Market Key Company Profiles:

• Allied Glass Containers Ltd
• Ardagh Group
• Bruni Glass S.P.A
• Gerresheimer AG
• Owens-Illinois, Inc.
• Stölzle Glass Group
• Saverglass Group
• Vetropack Holding Ltd
• Vidrala
• Vetreria Etrusca S.p.A.

Market Insights

During the past few years, online buying and growth in several e-commerce portals are increasing at a fast pace. These enable the consumers to buy anything being in their comfort zone, and spirits aren’t an exception for that. E-commerce channels that sell spirits and hold the tremendous potential of strong growth from a small base. Along with the growth in e-commerce channels, manufacturers are also expected to take efforts to build relationships with consumers through social media engagement. Many of the times, manufacturers observed lack of brand loyalty amongst consumers. The companies are now aware of the importance of packaging to increase their sales, enhance shelf presence, and to boost their marketing performance. Thus, they are making attempts to invest more in package design and in-store advertising. Also, they are also inventing for novel packaging design techniques in order to promote brand image. These initiatives from the manufacturers are expected to provide growth opportunities to industry players in the global spirit glass packaging market.

Strategic Insights

Merger & acquisition and new product launch were observed as the most adopted strategies in Global spirit glass packaging market. Few of the recent developments in the Europ spirit glass packaging market are listed below:

2018: Indianapolis, one of Nashville’s craft beer pioneers, Linus Hall, Founder/Owner of Yazoo Brewing collaborated with Ardagh Group to design a commemorative beer bottle that will premiere during the 2018 Craft Brewers Conference (CBC) in Nashville.

2019: Berlin Packaging, acquired Verrerie Calvet, a packaging supplier strategically located in Aimargues, France, the heart of Southern France’s food region. Verrerie Calvet brings extensive experience in packaging for wine, spirits, olive oil, and gourmet seasonings, marinades and sauces.

2019: Ardagh Group developed its latest evolution of the 75cl bottle, featuring a tapered body with a generously curved shoulder, a rounded ‘smile’ on the neck and an ‘eyebrow’ on the body to emphasize the brand’s re-styled labelling.

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GLOBAL SPIRIT GLASS PACKAGING MARKET SEGMENTATION

By Range of Glass
• Standard
• Premium
• Super Premium

By Colored of Glass
• Bare Glass
• Colored Glass

By Geography

• North America
o U.S.
o Canada
o Mexico

• Europe
o Germany
o France
o UK
o Italy
o Russia
o Rest of Europe

• Asia Pacific
o Australia
o China
o India
o Japan
o South Korea
o Rest of Asia Pacific

• Middle East and Africa (MEA)
o South Africa
o Saudi Arabia
o UAE
o Rest of MEA

• South America
o Brazil
o Argentina
o Rest of South America (SAM)

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