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Alcoholic Drinks Packaging Market Demand to hit USD 38.87 billion by 2027: Global Market Insights Reports

02-05-2021 12:21 PM CET | Associations & Organizations

Press release from: Market Insights Reports

The report focuses on the historical and present market growth globally as well as at a regional level. Global research on Global Alcoholic Drinks Packaging Industry presents a detailed market overview considering segmentations based on types, application and regions. The report also sheds light on the market dynamics like market concentration and maturity study which point towards the potential business opportunities for the key players. For strategic decision making the market sizing and growth rate from 2020-2026 are also provided

The alcoholic drinks packaging market was valued at USD 29.84 billion in 2019, and it is expected to reach a market value of USD 38.87 billion by 2025, registering a CAGR of 5.06% during the forecast period (2020-2025)

Globally, growth in disposable income, coupled with increased spending on recreational activities, is a major influencing factor that collectively lead to a growth of the alcohol consumption, which fuels the growth of the alcoholic drinks packaging market over the forecast period.

Alcoholic beverage packaging plays a prominent role in brand promotion leading to increased brand visibility. At present, the alcohol beverages manufacturers are ardent on providing top packaging standards for their products, to influence the consumers to purchase their brand over another.

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The prominent players in the global Alcoholic Drinks Packaging market are:

Ball Corporation, Gerresheimer, Crown Holdings, Smurfit Kappa Group, BA Glass Germany GmbH, Berry Global, Stora Enso Oyj, WestRock LLC, Amcor Limited, Beatson Clark, Vidrala, Ardagh Group, Intrapac International Corporation, DS Smith Plc, Owens Illinois, Nampak

Market segment by Types:

Secondary Packaging
Primary Packaging

Market segment by Applications:
Spirits
Beer
Wine
Ciders
Other Applications
 Top of FormMarket Segmentation by Region:

North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Europe, Germany, France, UK, Italy, Russia, Rest of Europe, Central & South America

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Global Alcoholic Drinks Packaging Market Overview

Glass Packing Accounts for the Largest Share in the Market
- In this industry, glass is preferred owing to its inert nature, as it does not react with the alcohol keeping the chemical composition of the contents intact. This factor is given much importance in the alcoholic beverage industry, which operates on little product differentiation and is heavily dependent on the integrity of chemical composition to ensure that the stored liquid maintains its strength, aroma, and flavor.
- In addition to this, packaging innovation in wines and spirits, especially towards the premium products, is expected to show continuous growth during the forecast period resulting in the growth of the overall glass bottles and containers market for the alcoholic beverages sector.
- Colored glass bottles are used for Alcoholic Drinks Packaging as it protects the packed liquid from alteration caused by light. It is very important in the case of beer, which undergoes chemical changes in the presence of light and loses its quality.
- Amber colored bottles are most efficient in protection from light and therefore are in highest circulation. Few manufacturers also use green bottles for its perceived association with quality
Competitive Landscape.

- November 2018 - Krones revised the modufill HES from the bottle the infeed, plus filling and closing, right through to bottle discharge under consideration of several technical and hygienic aspects.

-February 2018 - Amcor Flexibles Kreuzlingen AG filed a patent application for flexible multilayer packaging film with ultra-high barrier properties. The approval of the product could expand the product portfolio, especially for the food and beverage sector

Furthermore, Global Alcoholic Drinks Packaging Market following points are involved along with a detailed study of each point: –

– Global Alcoholic Drinks Packaging Market Overview, Drivers, Restraints and Opportunities, Segmentation overview

– Global Alcoholic Drinks Packaging Market competition by Manufacturers (2020-2026)

– Production and Consumption by Regions

– Complete profiling and analysis of Manufacturers (2020-2026)

– Manufacturing cost analysis, Materials analysis, Region-wise manufacturing expenses

– Industrial Chain, Sourcing Strategy and Downstream Buyers

– Marketing Strategy Analysis, Distributors/Traders

– Global Alcoholic Drinks Packaging Market Effect Factors Analysis (2020-2026)

– Global Alcoholic Drinks Packaging Market Forecast (2020-2026)

– Global Alcoholic Drinks Packaging Market Research Findings and Conclusion

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyses key emerging trends and their impact on present and future development.

Browse the Full report description and TOC at:

https://www.marketinsightsreports.com/reports/01091745399/alcoholic-drinks-packaging-market-growth-trends-and-forecast-2020-2025?Mode=21

All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supplychain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234
Mob: +91-750-707-8687
sales@marketinsightsreports.com
irfan@marketinsightsreports.com

MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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