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Wine Production Machinery Global Market Forecasted to Reach $3.34 Billion By 2028, Size, Share, Trends, Development Strategies and Segmentation Analysis
Wine Production Machinery Market
As per the report, the wine production machinery market size has grown strongly in recent years. It will grow from $2.37 billion in 2023 to $2.55 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The wine production machinery market size is expected to see strong growth in the next few years. It will grow to $3.34 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%.
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Wine Production Machinery Market Thrives On Surging Wine Consumption
The growing consumption of wine is expected to propel the growth of the wine production machinery market going forward. Wine is a type of alcoholic drink that is made from fermented grapes. The consumption of wine is increasing in the urban population, mainly because of rapid urbanization, changing lifestyles, increased stress, and rising disposable incomes. As a result of the rising demand, winemaking companies are increasingly adopting wine-making machinery to increase production and meet the increasing demand for wine. For instance, in January 2022, according to the Wine Institute, a US-based institution, the United States consumed about 1 billion gallons of wine in 2020, which is equivalent to 3.10 gallons per resident and increased to 1.1 billion gallons of wine in 2021. Therefore, the growing consumption of wine is driving the growth of the wine production machinery market.
Sustainable Innovations In Wine Bottles Drive Market Growth
Innovative packing has emerged as the new trend gaining popularity in the wine production machinery market. Major companies operating in the wine production machinery are focused on developing new concepts such as the offering of sustainable wine bottles to increase the consumer base. For instance, in September 2023, Ron Rubin Winery, a US-based beverage company, launched plastic wine bottle. It is the first premium wine sold in a 750ml bottle made from 100% recycled polyethylene terephthalate (rPET) plastic, which is a lightweight and environmentally friendly alternative to traditional glass bottles. The bottle is designed to be smaller, lighter, shatterproof, and fully recyclable, making it a sustainable option for the wine industry.
The wine production machinery market covered in this report is segmented -
1) By Type: Tanks And Fermenters, Crushing And Pressing Equipment, Temperature Control Equipment, Filtration Equipment, Others Types
2) By Wine: Red Wine, White Wine, Rose Wine, Champagne, Others Wines
3) By Application: Farm Winery, Urban Winery, Micro-Winery, Others Applications
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Major companies operating in the wine production machinery market report are The Krones Group, Della Toffola Pacific, GAI S.p.A., Siprem International, Vigo Ltd., Scott Laboratories Inc., Grapeworks PTY Ltd., Paul Mueller GmbH, Agrovin USA Inc., ICC Northwest Inc., Enoveneta S.p.A., Prospero Equipment Corporation, P&L Specialties LLC, ABE Equipment, Puleo S.r.l., Zambelli Enotech Srl, Deutsche Beverage Technology, Bucher Vaslin North America, Love Brewing Ltd., Vitikit Limited, Criveller Group California, Flecksbier Brauhaus Technik, Ganimede Srl, Carlsen & Associates, Velo Acciai S.r.l., CME America LLC, Diemme Enologia S.p.A., GW Kent Inc., Adamark Air Knife Systems, ADIG Ltd., Master Vintner, Scharfenberger GmbH
Contents of the report:
1. Executive Summary
2. Wine Production Machinery Market Report Structure
3. Wine Production Machinery Market Trends And Strategies
4. Wine Production Machinery Market - Macro Economic Scenario
5. Wine Production Machinery Market Size And Growth
…..
27. Wine Production Machinery Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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