Alcohol Packaging Market Trends By 2027 | Top Key Players - Krones AG, WestRock LLC, Ardagh Group S.A, and Crown Holding Incorporation
The liquor industry is one of the rapidly growing sectors of the economy, primarily supported by the increase in tourism in emerging countries like India, Thailand, Singapore, Brazil, and Argentina. Reports estimate that in the year 2018, nearly 18.5 million international visitors arrived in Singapore. This has led to an increase in the number of people visiting restaurants, and other locations that serve alcohol.
A major factor supporting growth in global alcohol packaging market size is the frequent introduction of different types of liquor beverages. The changing consumer demands along with the ability to spend on premium liquor have encouraged the beverage manufacturers to experiment with various flavors in developing regions.
Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/2796
In March 2021, Privately- held Cuban spirits firm, Bacardi, announced a new flavor in its ready-to-drink brand Breezer in India. The drink, which was available in lemon, blackberry, cranberry, grapefruit has now launched a watermelon-mint flavor keeping in mind the approaching summer season.
Today, millennials are consuming more alcoholic beverages as compared to other age groups. They have already established their brand loyalty and are keen on exploring different types of liquors from different regions.
However, the implementation of a liquor ban in several regions by the governments to control the rising cases of alcoholism and the consequent impact on the health of the people will continue to affect the market growth in the coming years. Moreover, strict rules with regards to the packaging of alcohol may also hinder the market forecast.
For example the ABAC scheme, which has been designed with the support of the government of Australia. The guide has been designed to aid the alcohol-producing companies, product engineers, and advertising agencies to pack the products in a defined manner to ensure optimum customer transparency.
It will ensure the quality of the product, along with meeting the laws set by the Australian Government. Such factors may come in way of the alcohol packaging capabilities, restricting it to the use of designated packaging materials.
Glass-based alcohol packaging material has gained widespread demand due to their 100% recyclability and the ability to retain the quality of the beverage. Additionally, alcohol is sealed in glass bottles as glass is not easy to chemically react to and also does not easily corrode, which will ensure the concentration of the spirit.
As per Glass Alliance reports, in the year 2019, European glass production crossed a volume of nearly 37.2 million tons, recording an increase of 1.8% as compared to 2018. In addition to this, the growing carbon emission levels have supplemented the use of glass in place of other materials as they contribute to sustainability. With high volume of alcohol being produced and exported from Europe to APAC, the alcohol packaging market is sure to boom.
Request for customization @ https://www.gminsights.com/roc/2796
COVID-19 and its effect on the liquor sector
It must be noted that the coronavirus outbreak has largely affected the sale of alcohol in Asia Pacific due to the restrictions in the transportation of people and goods, obstructing the movement of raw materials. In addition to this, the governments imposed a temporary halt in the operation of shops, restaurants, hotels, and other places that attract a crowd in order to control the spread of the infection.
This has led to a considerable fall in the production of alcoholic beverages, affecting the alcohol packaging industry scale. Although with gradual relaxations offered by the government to strengthen the economy, the demand and availability of alcohol will rise in the coming years.
Geographically speaking, the high population growth along with the increase in per capita income among the people across Asia Pacific has propelled the demand for alcohol packaging solutions due to the growing consumption of liquor. Regions such as China and India have witnessed a drastic improvement in the living standards, leading to the demand for different kinds of spirits.
APAC is becoming a manufacturing hub for liquor over the years. The region boasts of several alcohol production companies like United Spirits, GM Breweries, Radico Khaitan, Kweichow Moutai, St Agnes, and Wine Trade Asia Pte.
Alcohol packaging market is bestowed with many leading companies that are constantly working towards improving their quality to offer durability as well as to meet the legal guidelines. Major producers include Owens Illinois Inc., Krones AG, WestRock LLC, Ardagh Group S.A, and Crown Holding Incorporation, among many others.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Alcohol Packaging Market Trends By 2027 | Top Key Players - Krones AG, WestRock LLC, Ardagh Group S.A, and Crown Holding Incorporation here
News-ID: 2277892 • Views: 261
More Releases from Alcohol Packaging Market
Alcohol Packaging Market | Top Key Players - Ball Corporation, Amcor limited, Sm …
Global Market Insights, Inc., announces an ongoing comprehensive report on the "Alcohol Packaging Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026." Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/2796 The alcohol consumption per capita in Australia and U.S. was around 12.6 and 9 liters respectively. High volume of liquor beverages along with shifting consumption patterns towards developing
Alcohol Packaging Market Competitive analysis, Emerging Trends and Strong Applic …
Global Alcohol Packaging Market: Snapshot This report provides forecast and analysis of the alcohol packaging market on global level. It provides actual data of 2016 along with estimated data of 2017, and forecast data up to 2025 in terms of value (US$ Mn) and volume (Mn units). The report also includes macroeconomic indicators along with an outlook on global alcohol packaging consumption pattern across the globe. It includes drivers and restraints
Global Alcohol Packaging Market to 2025| WestRock, Stora Enso Oyj, Smurfit Kappa …
Albany, NY, 25th January : Recent research and the current scenario as well as future market potential of "Alcohol Packaging Market - Global Industry Analysis and Forecast 2017 - 2025" globally. Global Alcohol Packaging Market: Snapshot This report provides forecast and analysis of the alcohol packaging market on global level. It provides actual data of 2016 along with estimated data of 2017, and forecast data up to 2025 in terms of value
Alcohol Packaging Market Size, Share, Growth, Trends and Outlook by 2024 - Globa …
ResearchMoz added Latest Research Report titled " Alcohol Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024 " to it's Large Report database. It is said that “As alcohol flows, so do packaging changes.” It has been observed that the consumption of alcohol is increasing rapidly, which in turn is fuelling growth of the global alcohol packaging market currently. At present, the alcohol market manufacturers
More Releases for India
Medical Tour India | Affordable Treatment In India
We at MedCredible look after the well being of the patients seeking treatment in India. Our support staff support is well trained in handling various situations arising due to cross border differences. All the patients can avail of high-quality treatment at an extremely affordable cost in a compassionate environment combined with ethical practices. With options of over 100 + Hospitals and Institutions, we at Medcredible ensure that we connect the
IVF India, Test Tube baby India
The aim of setting up KJIVF is to help infertile couples in achieving conception through modern diagnostic and treatment methods. KJIVF Centre has given the best results by blessing infertile couples of advanced age with children, these couples could never dream of becoming parents. Thousands of babies are conceived through in-vitro fertilization (IVF) each year; In-Vitro Fertilization (IVF) means fertilization outside the body. A baby developed from an egg that
Beach Holiday India- Best Beaches in India
The natural beauty, exotic locations and rich heritage has helped India to stand as the most visited and most popular tourist spot in the world. The status of “Incredible India”, is defined by an incredible range of nature’s blessings on the Indian subcontinent and this incredibility is doubled by one of the most fabulous tourism option available in the country that are the brilliant and majestic beaches in India.
ISO 27001 India, 27001 training India ISO
Coral eSecure is information Risk Management advisory with specific focus on Information Security (ISO 27001, ISO 17799, PCI, COBIT, HIPAA, GLBA, and DPA), Business Continuity (BS25999) and ITIL/ IT Service Management (ISO 20000). Coral is the FIRST Indian consulting organization which provides an Integrated Management System Consulting, Consisting of ISO 27001, ISO 20000 and BS25999 – ALL THREE IN ONE! Coral provides Consulting, Assurance audit and Training to address these
Interior Designers India, Designers and Architects India
Today, we have recognized ourselves as a booming beauty interior designing firm, offering services that include interior designing. We are a winning firm, which is based on the strong foundation of innovative and original ideas for interior, architectural and landscaping designing services. Synergy Corporate Interior Design Association has more corporate members. Who provide Products and services. We support Interior Designers India, Designers and Architects India. We are committed to the
Domain Registration India, Web Hosting India, Payment Gateway India
Indiainternet.in is a Quality Web Hosting Company India, provide all web related support and Web hosting services like linux web hosting, windows web hosting, web hosting packages, domain registration in india, Corporate email solution, business email hosting, payment gateway integration, SSL with supports like free php, cgi, asp, free msaccess, free cdonts, free webmail, web based control panel, unlimited ftp access, unlimited data transfer. During the domain registration process, you will