The global alcohol packaging market is expected to experience significant growth in the coming years. According to a report by Future Market Insights titled “Alcohol Packaging Market,” the market is projected to reach a value of US$69.23 billion by 2032, growing at a compound annual growth rate (CAGR) of 3.9% from its current value of US$47.23 billion in 2022.
Alcohol packaging plays a crucial role in the long-term storage, distribution, sales, and usage of alcoholic beverages. Glass packaging is gaining popularity in the industry due to its neutral reactivity, reusability, and recyclability. Glass bottles are effective in preventing contamination and preserving the quality of alcohol over extended periods. Moreover, glass allows for the permeability of oxygen and carbon dioxide, making it suitable for storing spirits for longer durations.
Glass packaging is also advantageous because it is non-porous and impermeable, ensuring that the flavor, fragrance, and strength of alcohol remain unaffected. The absence of chemical interactions between alcohol and glass packaging helps maintain the integrity of the product.
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Metal cans are another increasingly used packaging material in the alcohol industry. They offer a visually appealing appearance with vibrant graphic printing and metallic lustre. Metal cans provide a practical and cost-effective packaging solution for alcoholic beverages, ensuring protection against spills and environmental factors that could lead to product degradation.
While the alcohol packaging market is poised for growth, it may face challenges during the forecast period due to widespread awareness campaigns regarding the negative impacts of alcohol packaging. These campaigns may highlight environmental concerns related to packaging waste or emphasize the need for responsible alcohol consumption.
Future Market Insights’ report on the alcohol packaging market takes a comprehensive approach to macro- and micro-focused research, incorporating insights from a group of analysts and consultants. Their analysis provides valuable information and future projections for the industry.
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“With rising intake of alcoholic beverages, the global alcohol packaging market is expected to grow on an impertinent note in the forecast period”, says an analyst from Future Market Insights.
Key Takeaways from Alcohol Packaging Market
- North America holds the largest market share due to the US witnessing an ever-increasing intake of premium alcoholic beverages inclusive of wines and spirits.
- Europe is witnessing a higher demand for flavored beer as a premium drink. Moreover, rising consumption of whiskey and French beer for giving impetus to the alcohol packaging market.
- The Asia-Pacific is expected to witness growth at a faster rate in the alcohol packaging market in the forecast period with newer market players coming with novel technologies. Along these lines, Hong-Kong-based Sustainable aims to go for zero-waste lifestyle as well as household products. The primary product is a drinking straw made up of naturally sustainable lepironia grass (a kind of bamboo grass found in abundance in Southeast Asia).
Competitive Packaging
- Orora, in May 2022, did welcome grant from the federal government to go ahead with Australian first oxygen fuelled furnace project. This application of grant did extend support to planned construction of oxygen-fuelled furnace at Orora Glass manufacturing plant at Gawler (South Australia).
- Diageo PLC, in April 2019, did announce that it won’t be making use of plastic for beer brand ‘Guinness’, emphasizing on minimization of plastic waste. The company invested US$ 17 Million to introduce 100% biodegradable and recyclable cardboard for replacing plastic.
- Amcor Ltd., in March 2019, did acquire Bemis Company Inc. This combination would focus on creation of a staggering value proposition for employees, shareholders, environment, and customers.
- Parkway Brewing Company, in the year 2020, entered into collaboration with Ardagh Group, with the objective of producing 12-oz long-neck beer glass bottles in the US.
- Avallen (maker of Calvados) does aim to be the most sustainable spirit in the world by making use of sustainable packaging like recycled glass bottles and the discarded apple pulp labels.
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Key Players
- Amcor plc.
- Crown
- Ardagh Group S.A.
- Diageo PLC
- BALL CORPORATION
- Berry Global Inc.
- Tetra Pak Group
- Saint-Gobain Group.
- O-I Glass, Inc.
Key Segments
By Material Type:
- Metal, Glass
- Plastic
- Paper
- Others
By Type:
- Cans
- Kegs
- Bottles
- Jars
- Others
By Alcoholic Beverages:
- Distilled
- Vodka
- Tequila
- Rum
- Whisky
- Gin
- Others
- Un-distilled Fermented
- Beer
- Wines
- Cider
By Region:
- North America
- Latin America
- Asia Pacific
- MEA
About FMI
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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