This Alcoholic Beverage Packaging Market report focuses on the leading competitors of the global market and provides information such as company overview, product portfolio, key developments, price, cost, value, volume, revenue, capacity, production and contact information. Upstream raw materials, equipment, and downstream demand analysis have also been carried out in this Alcoholic Beverage Packaging Market report. The research report also analyzes the current development trends and patterns, as well as the distribution and marketing channel. In this Alcoholic Beverage Packaging Market report, the feasibility of the new investment projects is evaluated and overall research conclusions are offered.
The Alcoholic Beverage Packaging Market research report study enumerates the sales, channels chosen by the firm and distributors of the product. Geographically this Alcoholic Beverage Packaging Market report studies the top producers and consumers, focuses on product capacity, production value, consumption, market share and growth opportunity in the key regions Covering North America, South America, Asia and Pacific region, Middle east and Africa.
Data Bridge Market Research analyses that the alcoholic beverage packaging market will project a CAGR of 4.99% for the forecast period of 2021-2028.
Definition
From the name itself, it is clear that alcoholic beverage packaging is that packaging material that is used to contain the alcoholic beverages. In other words, alcoholic beverage packaging serves as a packaging solution that protects the beverage from spilling and getting contaminated owing to some external sources. The alcoholic beverage packaging provides convenient handling and easy portability. A wide range of materials are used in the alcoholic beverage packaging. Alcoholic beverages are easily available in the market, and further are used to perform functions like branding, labelling, identification and storage and warehousing.
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Key Growth Drivers:
Rising demand for packaged beverage items for recreational activities is driving the growth in the alcoholic beverage packaging market value. Attractive packaging formats offered by the packing and manufacturing industry to beverages industry and growth and expansion of the food and beverages industry will further induce growth in the alcoholic beverage packaging market value. Rising proliferation of e-commerce industry especially in the developing economies, rise in the consumer preferences for retail formats, increasing westernization, modernization, urbanization, ever-rising global population, and increasing personal disposable income are some other indirect factors that will also promote the alcoholic beverage packaging market growth rate. Growing awareness for the brands among consumers will also provide an opportunity for alcoholic beverage packaging market growth in the long run.
However, fluctuations in the cost and availability of raw materials used for packaging will create hindrances for the alcoholic beverage packaging market growth rate. Growing health awareness and awareness regarding the side effects of over-consumption will further dampen the alcoholic beverage packaging market growth rate. Rising environmental concerns and stringent regulations pertaining to the use of plastic will also derail the market growth rate.
The report emphasizes the participation of key entities, notably:
Mondi, Amcor plc, ProAmpac., Crown, Ardagh Group S.A., BALL CORPORATION, Berry Global Inc., Tetra Pak Group, Saint-Gobain Group., O-I Glass, Inc., Vetreria Etrusca, Encore Glass, Orora Packaging Australia Pty Ltd, Creative Glass, Brick Packaging, Bemis Manufacturing Company, Nampak Ltd., Krones AG, Sidel Group and Sonoco Products Company among other global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Key Market Perspectives:
- Thorough examination of prevailing market tendencies
- Updates on the latest product advancements and innovations
- Alcoholic Beverage Packaging Market Compound Annual Growth Rate (CAGR) for both historic and forecasted years
- Strategies and activities of prominent players and brands in the field
- Insights into the industry landscape for emerging participants
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Key Market Segmentation
By Material Type (Plastic, Paper, Metal, Glass and Other Materials), Packaging Type (Bottles, Metal Cans, Cartons, Jars, Pouches, and Other Package Types), Product Type (Un-distilled Fermented Beverages, Beer, Wines, Cider, Distilled drinks, Vodka, Tequila, Rum, Whisky, Gin and Others)
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