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Growlers Market Study: An Emerging Hint of Opportunity by 2028

12-13-2021 11:19 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

/ PR Agency: Future Market Insights
Growlers Market Study: An Emerging Hint of Opportunity by 2028

Packaging plays a vital role in beer transport and the associated serving and brewing methods. Growlers have emerged as an effective packaging solution to pack large volumes of freshly craft beer. The airtight quality of growlers allows consumers to carry draft beer from one place to another without degradation of quality. In terms of revenue, the global growlers market is estimated to expand at a CAGR of 2.7% during the 2018-2028, owing to numerous factors, about which FMI offers thorough insights and forecasts in this report.

Get Sample of the report : https://www.futuremarketinsights.com/reports/sample/rep-gb-2648

Beer Consumption Patterns Are Evolving, Dictating Demand Growth of Growlers :
Top alcohol markets such as the US have been moving towards premium beer in recent years, with similar adoption in high-growth emerging markets. For instance, the penetration of premium beer brands has increased 3-4% above valued and mainstream brands, which has impacted the growlers market positively. Simultaneously, the number of independent microbreweries in the US, Germany, and other major economies is also increasing, which is another factor driving the growlers market.

The primary factors driving the growth of growlers market is the changing consumer demand to experience a large variety of taste and flavors. Moreover, governments in various countries (Oregon being one of the pioneers) are promoting the use of growlers to promote safe storage of alcoholic beverages.

Key Segments Covered in the Growlers Market -
Capacity:
32 Oz
64 Oz
128 Oz

Material:
Plastic
Glass
Metal
Ceramic

Application:
Non-Alcohol Beverages
Alcoholic Beverage

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Craft Beer Trending More in Developing Economies :
The beer market in emerging economies is largely taken over by the craft beer manufacturers. China is the largest market for beer by volume, accounting for a quarter of the total market share. Therefore, providing an impetus to the growlers market. The consumer trend in China and India is shifting from mass industrial beers to more refined craft beers, which propels the growlers market in the region. The demand for growlers in China and India has significantly increased over the last few years, with both, the rise of local craft breweries and the arrival of a growing number of foreign
brands.

Non-glass Growlers Highly Recommended, Growler Sales to Face Challenge from Growing Popularity of Crowlers
FMI’s analysis suggests that developed economies tend to create short-term demand and growlers have emerged as an effective packaging solution to cater to this demand. Their reusability makes them ideal for beer packaging and also helps save packaging costs. However, the beer packaged in clear glass growlers is always probable to lose its flavor. The use of dark glass growlers, ceramic growlers, and stainless steel growlers is thus recommended for long-time storage.

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Global Vendor Landscape Remains Highly Fragmented in Growlers Market
Key manufacturers in the global growlers market profiled in this report include– William Croxson & Sons Limited, DrinkTanks Corporation, Alpha Packaging Inc., Ardagh Group S.A., Klean Kanteen, Inc., Novio Packaging B.V., Berlin Packaging, LLC, MJS Packaging, Inc., Saxco International, LLC, Boelter Companies, Zenan Glass, Hydro Flask, Global Glass Solutions, GrowlersWerks, Inc., Portland Growlers Co., and ORANGE Vessel Co.

While leading manufacturers in the growlers market are focusing on organic expansion strategies, Alpha Packaging has been one of the prominent players strategizing on growler manufacturing capacity expansion. The company has well-established eight production facilities across the US to attain large scale of production capacity and to be strategically near its core customers.

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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Global Growler market will reach an estimated valuation of USD 621.24 million by 2027, while registering this growth at a rate of 2.80% for the forecast period of 2020 to 2027. Packaging plays a vital role in beer transport and the associated serving and brewing methods. Growlers have emerged as an effective packaging solution to pack large volumes of freshly craft beer and with the government support regarding the storage