According to Future Market Insights, the global Wine Box Industry size is expected to grow from US$ 1,112.5 Mn in 2022 to US$ 1,829.5 Mn by 2032. Overall sales of wine boxes are projected to surge at 5.1% CAGR between 2022 and 2032.
The sales of paper and paperboard wine boxes are poised for growth, with the top three countries expected to collectively capture a market share ranging from 25% to 30% by the conclusion of 2022. In terms of capacity, it is foreseen that multi-bottle boxes will dominate the market, accounting for approximately 84% of the market’s total value share by the end of 2022. This preference for multi-bottle boxes can be attributed to their capacity to accommodate more than one bottle simultaneously. Furthermore, in the box type category, slotted boxes are projected to exhibit a robust compound annual growth rate (CAGR) of 6.1% from 2022 to 2032.
By using wine boxes, there is no need for extra cushioning to be inserted inside, as corrugated boxes are designed to keep bottles safe with layers of corrugated board. Along with that, corrugated boxes also protect wine from moisture as the corrugated board has better performance than regular cardboard.
Rising consumption of bottled wine along with increasing demand for attractive customized packaging solutions is a key factor driving sales of wine boxes globally.
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Key Trends Shaping the Wine Box Industry
Both international and local manufacturers are increasingly adopting recyclable corrugated board materials in the production of wine packaging, including wine boxes. This shift is attributed to the growing awareness among discerning consumers regarding the detrimental impact of non-environmentally friendly materials on our planet. Consequently, there is a rapid surge in demand for packaging solutions crafted from eco-friendly materials to mitigate the environmental harm caused by traditional packaging materials.
Drivers:
- Growth in Wine Consumption: The increasing consumption of wine, both domestically and internationally, is a significant driver for the Wine Box Industry. As wine continues to gain popularity, the demand for packaging solutions, including wine boxes, is on the rise.
- Premiumization Trend: The trend toward premium and high-quality wines has led to the demand for sophisticated and attractive packaging. Wine boxes are often used for premium and gift-worthy wine bottles, driving their adoption.
- Sustainable Packaging: Many wine producers are transitioning to sustainable packaging options, including eco-friendly wine boxes made from recyclable or biodegradable materials. This aligns with consumer preferences for environmentally responsible products.
- Branding and Marketing: Wine boxes offer ample space for branding and marketing messages. Wineries use custom-designed wine boxes to reinforce brand identity, share stories, and engage consumers, enhancing brand recognition and loyalty.
- Protection and Preservation: Wine boxes provide protection against physical damage and light exposure, helping preserve the quality and flavor of the wine. This aspect is crucial for maintaining product integrity during transportation and storage.
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Key Takeaways from Wine Box Industry
- Based on material, the paper & paperboard box segment is estimated to hold around 84% of the total market share by the end of 2022.
- In terms of capacity, the multi-bottle box segment is projected to expand 1.7 times the current market during the forecast period.
- By box type, the slotted box segment is expected to grow at a CAGR of 6.1% during 2022-2032.
- Europe and North America together hold the largest share of the global Wine Box Industry.
- The U.S. is projected to hold around 78% share of the North American Wine Box Industry during the forecast period.
- Germany’s Wine Box Industry is anticipated to grow at 4.9% CAGR through 2032.
Key Players
- Smurfit Kappa Group
- Mondi plc
- Stora Enso Oyj
- Graficas Digraf
- Marber S.r.l.
- Nordpack GmbH
- Scotton SpA
- OrCon Industries
- Cartotrentina S.r.l.
- Shenzhen Qingxin Packaging Co. Ltd.
- SCHEFFAUER HOLZWAREN GESELLSCHAFT M.B.H.
- YDP Quality Packaging (Shenzhen) Co., Ltd.
- Adam Pack
- Golden West Packaging Group
- DS Smith plc
Wine Box Industry by Category
By Material:
- Paper & Paperboard
- Wood
By Capacity:
- Single Bottle Box
- Multi Bottle Box
By Box Type:
- Slotted Box
- Folded Box
- Telescope Box
- Die-cut Box
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
- Oceania
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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