Wine Packaging Market 2021 Future Growth Prospect, Industry Share And Growing Demand - Ardagh Group, Ball Corporation, Encore Glass, G3 Enterprises
The global wine packaging market is expected to grow at a CAGR of 2.65% over the forecast period (2021 - 2026).
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Top Leading Companies of Wine Packaging Market are Ardagh Group, Ball Corporation, Encore Glass, G3 Enterprises, Guala Closures, International Paper, Liqui-Box Corporation ( Dow Chemical Company), Maverick Enterprises, Owens-Illinois Group, Saverglass SAS, Scholle Corporation, Tetra Laval International and others.
Industry News and Updates:
- February 2020 - Amcor Limited collaborated with British start-up Gar’on Wines to bring its 100 % recycled and recyclable letterbox friendly wine bottle to the US market.
- January 2020 - Ardagh Group’s Glass packaging North America business unit, and the largest domestic manufacturer of glass bottles for the US wine market, introduced six new sophisticated glass wine bottle designs.
Key Market Trends:
Glass Packaging to Hold Largest Market Share
- Glass bottles, the long-time traditional wine containers, and bottles are anticipated to dominate the container mix in volume and value terms. However, market competition is increasing from an increasing variety of alternative package sizes and formats, offering greater convenience or economy.
- A substantial portion of the aromatic wine compounds was adsorbed by the plastic materials or lost to the environment. Sensory evaluation studies indicated that white wine packaged in both plastics was of acceptable quality for three months vs. at least six months for that in glass bottles.
- However, increasing demand and robust advancements are expected to occur for single-serving container options, such as plastic bottles, aseptic cartons, aluminum cans, and cups and goblets as these containers boast the advantage of enabling the wine to be taken to or sold in places that typically prohibit glass containers. Further, wine closure opportunities are being driven by increasing packaged wine production, with major changes in the container mix necessitating a widening array of closures.
- This market trend will fuel strong market opportunities for plastic and aluminum screw caps and plastic dispensing closures. Though continuing to face intensified market competition from alternative closures, cork demand is expected to be sustained by the entrenched position of glass bottles in the wine packaging market and improved performance and the cost-competitiveness of technical corks.
The regions are further sub-divided into:
-North America (NA) – US, Canada, and Mexico
-Europe (EU) – UK, Germany, France, Italy, Russia, Spain & Rest of Europe
-Asia-Pacific (APAC) – China, India, Japan, South Korea, Australia & Rest of APAC
-Latin America (LA) – Brazil, Argentina, Peru, Chile & Rest of Latin America
-Middle East and Africa (MEA) – Saudi Arabia, UAE, Israel, South Africa
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What Are The Market Factors That Are Explained In The Report?
Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
Analytical Tools: The Wine Packaging Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
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