Spirit Glass Packaging Market to grow at a CAGR of 7.6%, Globally 2027 : Allied Glass Containers Ltd, Ardagh, Bruni Glass, Gerresheimer, Owens-Illinois

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.

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The List of Companies

• 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.

Spirit packaging plays a vital role in the growth in the consumption of liquor. Thus, manufacturers of this packaging are focusing more on packages that enhance consumer experience and taking into account the change in consumer habits. Premium and super-premium brands demand significant brand protection in terms of packaging. Product safety is the foremost factor associated with the development of efficient packaging material. The packaging materials and design should communicate, connect with consumers, and deliver the required information. Thus, the manufacturers of packaging are constantly working towards reducing the weight of the bottles in order to make it easy to handle, transport, and improve the consumer experience without impacting consumer-brand experience. Therefore, spirit manufacturers prefer attractive packaging and labelling which further drives the global spirit glass packaging market.

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.

Reasons To Buy:

• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the Global Spirit Glass Packaging Market, thereby allowing players to develop effective long term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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This release was published on openPR.