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Future of the Alcoholic Beverage Packaging Market: Trends, Innovations, and Key Forecasts Through 2034
Alcoholic Beverage Packaging Market
Alcoholic Beverage Packaging Market Size Growth Forecast: What to Expect by 2025?
In recent times, the sector for alcoholic beverage packaging has witnessed robust expansion. The data forecasts an increase from $76.93 billion in 2024 to a whopping $81.64 billion in 2025, implying a compound annual growth rate (CAGR) of 6.1%. Several factors have influenced this growth during the historical period, including consumer behaviour, regulatory adherence, uniqueness of the brand, efficiency of the supply chain, and market globalization.
How Will the Alcoholic Beverage Packaging Market Size Evolve and Grow by 2029?
The market size for alcoholic beverage packaging is forecasted to experience robust growth in the coming years. It is set to expand to $106.94 billion by 2029, with a compound annual growth rate (CAGR) of 7.0%. This projected growth during the forecast period is linked to factors such as sustainable packaging, the shift towards more premium products, the growth of e-commerce, health and wellness trends, and emerging markets. The expected trends during this period include a preference for light and portable packaging, emphasis on tamper-evident and security features, growing popularity of alternatives to glass, partnerships with artists and designers, and the use of environmentally friendly materials.
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What Drivers Are Propelling the Growth of Alcoholic Beverage Packaging Market Forward?
Increased consumption of alcoholic beverages is projected to boost the expansion of the alcoholic beverage packaging market. The hike in the consumption of alcoholic drinks can be attributed to transformations in socio-cultural standards, augmented accessibility of such beverages, alterations in marketing tactics, and shifts in economic and social situations. With the global rise in the demand for alcoholic drinks, there is also an escalating need for competent and creative packaging solutions to cater to customer needs and fulfill regulatory prerequisites. For instance, PennState Extension, a contemporary education institution in the U.S, reported in an article in February 2023 that alcohol consumption in adults aged 18 and over in 2022 was 63%, an increase from 60% in 2021. Furthermore, in 2022, the rate of alcohol consumption escalates to 65% among adults who are legally allowed to drink at the age of 21 years. Consequently, the surge in alcoholic beverages consumption is a key factor propelling the progress of the alcoholic beverage packaging market.
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Which Emerging Trends Are Transforming the Alcoholic Beverage Packaging Market in 2025?
The advancement in technology is a significant trend that's becoming popular in the alcoholic beverages packaging sector. To maintain their market advantage, companies in this industry are creating innovative sustainable packaging solutions. For example, in October 2022, Diageo, a beverages firm based in the UK, partnered with ecoSPIRITS, a Singaporean beverages packaging firm. Together, they introduced the first-of-its-kind ecoSPIRITS Intelligent Circular Closed Loop Network. This system is designed to minimize waste and lessen environmental damage specifically within the packaging and distribution sectors of the spirits industry. The first IoT device officially powered by ecoSPIRITS' cloud-based CircularONE software platform is the SmartPour 2.0S Smirnoff Edition. This platform is intended to enhance the security, scalability, and efficiency of ecoSPIRITS' worldwide closed loop network.
What Are the Key Segments in the Alcoholic Beverage Packaging Market?
The alcoholic beverage packaging market covered in this report is segmented -
1) By Product: Cans, Bottles, Other Products
2) By Material: Glass, Metal, Plastic, Other Materials
3) By Application: Beer, Wine, Spirits, Other Applications
Subsegments:
1) By Cans: Aluminum Cans, Steel Cans, Specialty Cans
2) By Bottles: Glass Bottles, Plastic Bottles, PET Bottles, Specialty Bottles
3) By Other Products: Kegs, Tetra Paks, Bag-In-Box Packaging, Pouches
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Who Are the Key Players Shaping the Alcoholic Beverage Packaging Market's Competitive Landscape?
Major companies operating in the alcoholic beverage packaging market include Mondi plc, Amcor Plc, Ball Corporation, Crown Holdings Inc., Berry Global Group Inc., Tetra Pak International SA, Owens-Illinois (O-I) Inc., Krones AG, Orora Packaging Australia Pty. Ltd., Vetreria Etrusca SpA, Brick Packaging LLC, Nampak Limited, Encore Glass Inc., Gerresheimer AG, United Bottles & Packaging, Saint Gobain SA, Ardagh Group SA, Stora Enso Oyj, IntraPac International LLC, WestRock LLC, ProAmpac Holdings Inc., Beatson Clark Ltd., Berlin Packaging LLC, DS Smith plc, Graphic Packaging International LLC, Huhtamaki Oyj, Piramal Glass Limited, Smurfit Kappa Group
What Geographic Markets Are Powering Growth in the Alcoholic Beverage Packaging Market?
North America was the largest region in the alcoholic beverage packaging market in 2024. Asia-Pacific is expected to be the fastest-growing region in the alcoholic beverages packaging market report during the forecast period. The regions covered in the alcoholic beverage packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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