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Alcoholic Beverage Packaging Market Analysis Report 2023 - 2032 Trends, Overview, Trends, Demand
The Alcoholic Beverage Packaging Market
The Business Research Company's Alcoholic Beverage Packaging Global Market Report 2023 identifies rising alcoholic beverage consumption as the major driver for the Alcoholic Beverage Packaging market's growth in the forecast period. The rising alcoholic beverage consumption has resulted from changes in social and cultural norms, increased availability of alcoholic drinks, changes in marketing strategies, and changes in economic and social conditions. As the demand for alcoholic beverages is increasing globally, the need for efficient and innovative packaging solutions is also rising to meet consumer demands and regulatory requirements. For instance, in February 2023, according to an article published by PennState Extension, a US-based modern education organization, alcohol consumption in adults aged 18 and above has reached 63% in 2022 as compared to 60% in 2021.
The global alcoholic beverages packaging market size is expected to grow from $66.80 billion in 2022 to $72.02 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global alcoholic beverages packaging market size is expected to reach $93.11 billion in 2027 at a CAGR of 6.6%.
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Major competitors in the Alcoholic Beverage Packaging market are Mondi plc, Amcor Plc, Ball Corporation, Crown Holdings Inc., Berry Global Group Inc., Tetra Pak International S.A., Ardagh Group, Owens-Illinois (O-I) Inc.
A key trend in the Alcoholic Beverage Packaging market includes Technological development. Companies operating in the alcoholic beverage packaging market are developing new sustainable packaging technology to sustain their position in the market. For instance, in July 2020, Diageo, a UK-based alcoholic and spirit manufacturer in partnership with Pilot Lite, a Uk-based venture management company, launched Pulpex Limited, a sustainable packaging technology company that generates 100% plastic-free spirit bottles made up of paper. The bottles made using this technology are sourced from pulp to meet food safety standards and can be completely recyclable.
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The Alcoholic Beverage Packaging market is segmented -
By Product: Cans, Bottles, Other Products
•By Product: Cans, Bottles, Other Products
•By Material: Glass, Metal, Plastic, Other Materials
•By Application: Beer, Wine, Spirits, Other Applications
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Alcoholic Beverage Packaging market.
The Business Research Company's "Global Alcoholic Beverage Packaging Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Alcoholic Beverage Packaging Market Include:
1. Executive Summary
2. Alcoholic Beverage Packaging Market Characteristics
3. Alcoholic Beverage Packaging Market Trends And Strategies
4. Alcoholic Beverage Packaging Market - Macro Economic Scenario
5. Alcoholic Beverage Packaging Market Size And Growth
.....................
26. Africa Alcoholic Beverage Packaging Market
27. Alcoholic Beverage Packaging Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Alcoholic Beverage Packaging Market
29. Alcoholic Beverage Packaging Market Future Outlook and Potential Analysis
30. Appendix
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