Alcoholic Drinks Packaging Market 2022 Global Insights and Business Scenario – Amcor Ltd, Mondi Group, Ball Corporation(Rexam plc), Saint Gobain SA, Tetra Laval(tetra Pack)

Market Insights Reports has added new statistical data to its repository titled as, Global Alcoholic Drinks Packaging Market. It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; cost, revenue, demands, and supply data (as applicable). Furthermore, the report also sheds light on technological platforms, in addition to distinctive tools, and methodologies that will help to propel the performance of industries. The Global Alcoholic Drinks Packaging market report covers the post-COVID-19 impact on various regions and major countries and on the future development of the industry is pointed out.

The global alcoholic drinks packaging market was valued at USD 28.4 billion in 2020 and is expected to reach a market value of USD 37 billion by 2026, registering a CAGR of 5.06% during the forecast period (2021-2026). 

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Top Key Players in the Global Alcoholic Drinks Packaging Market are Amcor Ltd, Mondi Group, Ball Corporation(Rexam plc), Saint Gobain SA, Tetra Laval(tetra Pack), Crown Holdings Incorporated, Krones AG, Bemis Company, Inc., Sidel Inc, and others.                                       

Industry News and Update:

February 2018- Amcor Flexibles Kreuzlingen AG has 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.

November 2018- Krones has 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.

Key Market Trends:

Glass Packing Accounts for 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 alcohol 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.

China Accounts for Significant Share in the Market

- Globally, China is one of the most significant consumer of alcoholic drinks. Though the sale of the Chinese rice liquor Baijiu is still very prevalent, demand from the local customers for wine, imported beer, and spirits has been increasing over the past decade.
- Baijiu is China’s traditional spirit and, since 2017, Baijiu sales have risen by 38.5%, reaching USD 286.5 million. Imported wines are particularly popular in the country, especially red wines because red is synonymous with joy, luck, happiness, and wealth to Chinese consumers.
- Drinking alcohol has been traditionally accepted in the country during social events, such as the spring festival and wedding ceremonies. Furthermore, alcoholic beverages is now commonly consumed to relieve stress, facilitate social interaction and foster good relations between supervisors and employees.
- According to the International Organization of Vine and Wine, the wine consumption volume in China has increased by 64.2% from 2009 to 2017. With this growing demand for alcoholic beverages in the country, the demand for alcoholic drinks packaging market is expected to grow rapidly over the forecast period.

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This Global Alcoholic Drinks Packaging Market report addresses:

– The Market size from 2016-2021

– Expected market growth until 2026

– Forecast of how market drivers, restraints, and future opportunities will affect

– Segment and regions that will drive or lead the market growth and why

– Comprehensive mapping of the competitive landscape

– In-depth analysis of key sustainability strategies adopted by market place.                              

Frequently Asked Questions about Global Alcoholic Drinks Packaging market:

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