Alcoholic Beverage Packaging Market 2022 Precise Outlook - Amcor PLC, Ball Corporation, Krones AG, Mondi PLC, Crown Holdings Inc.

The Alcoholic Beverage Packaging Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The alcoholic beverage packaging market was valued at USD 63.43 billion in 2020 and is expected to reach USD 93.68 billion by 2026, at a CAGR of 5.13% over the forecast period 2021 - 2026.

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Top Leading Companies of Alcoholic Beverage Packaging Market are Amcor PLC, Ball Corporation, Krones AG, Mondi PLC, Crown Holdings Inc., Sidel SA, Oi SA, Ardagh Group SA, Berry Global Inc., Nampak Limited, Stora Enso Oyj, Gerresheimer AG and others.

Industry News and Updates

Apr 2019 - Diageo PLC announced that it will not be using plastic packaging, globally, for its beer brand, Guinness, with a focus on minimizing plastic waste. The company is planning to invest EUR 16 million for this move and for the introduction of 100% recyclable and biodegradable cardboard to replace plastic.

- Mar 2019 - Amcor Limited acquired its rival Bemis Company Inc. By combining these two market leaders, Amcor aims to create a stronger value proposition for shareholders, customers, employees, and the environment.

Key Market Trends

Asia-Pacific Region is Expected to Dominate the Market

- The increasing consumption of beer and spirit drinks in the region has been a significant factor for the growth of the market. WHO has stated that 92% of the alcohol consumers in India prefer spirits over beer and wine. As the players are moving toward sustainable packaging products, the adoption of glass packaging for alcoholic beverages is growing in the region.

- The huge consumer base in the region, reinforced by the presence of highly populated countries, like China and India, increasing disposable incomes, and the growing acceptance of alcohol consumption in developing nations are the major factors driving the growth of the market studied.

- The study by Lancet has stated that per capita alcohol consumption in Southeast Asia and West Pacific increased by 104% and 54%, respectively, from 1990 to 2017. The Asian population represents the median age of 30.7 years, which presents huge potential opportunities for the alcoholic beverages market, thus augmenting the demand for alcoholic beverage packaging.

Regional Outlook of Alcoholic Beverage Packaging Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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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 Alcoholic Beverage 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.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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