Craft Beer & Sustainability Fuel US$ 726 Million Growler Market by 2033 | FMI

Global sales of the growlers market are estimated to reach US$ 556.2 million in the year 2023. The market is expected to be worth US$ 726 million with an average compound annual growth rate of 2.7% from 2023 to 2033 by 2033.

These adaptable containers are becoming more and more necessary as the market expands, demonstrating their importance in a variety of industries outside the beverage business. The prediction highlights growlers’ consistent ascent in popularity, positioning them as a major participant in the global market for options for beverage packaging.

Globally, the growler business is being driven by innovation in product design. Consequently, the epicenter of appeal of the product remains fixed. Growler manufacturers are putting a lot of emphasis on using cutting-edge features including portability, lightweight, recyclable nature, and individuality.

Growler sales are highest in North America due to a rise in the region’s per capita alcohol consumption and the arrival of several new market participants. Growler sales in North America are expected to reach US$ 215.18 million by 2033 and US$ 174.8 million in 2023.

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Competitive Dashboard: A Close Look at Key Players

Key market players across the global growlers market are focusing on providing a unique finish to their growlers. The competitors are also planning international expansion through acquisition and collaboration with globally renowned beverage makers:

• In November 2021, Ardagh Group S.A. acquired Consol Holdings Proprietary Limited, which is a leading producer of glass packaging in the Africa continent.
• In April 2021, Alpha Packaging acquired Boxmore Plastics as part of the plan for the expansion of Europe.

Major Key Players Are:

• Ardagh Group S.A.
• Alpha Packaging
• William Croxsons & Sons Limited
• GrowlerWerks, Inc.
• Global Glass Solutions
• Orange Vessel Co.
• Berlin Packaging LLC

Latest Developments in the Market:

• In 2021, Drifters brewery declared the introduction of its fifth growler station in Mumbai, India. Growler stations are referred to as places or hubs where one can refill growlers with beer. This new launch has a delivery and pickup service for filling growlers at a robust pace due to surging beer demand among beer consumers in India.
• In June 2017, Ardagh Group launched its first-ever 12oz clear beer bottle on its website named BuyOurBottles. The product is made in the United States, using 100% and endlessly recyclable flint glass. The company states that with the expansion of flint glass bottles, craft soda, craft brewers, and cider customers, along with kombucha and functional beverages, customers can take advantage o brand differentiation. The flint glass bottle also helps protect the beverage’s flavor.

Key Highlights of the Growlers Market:

1. North America: The growlers market in North America is projected to reach US$ 174.8 million by the end of 2023, expanding at a CAGR of 2.1% over the forecast period to attain US$ 215.18 million by 2033. The region’s highly saturated alcoholic beverage market and receptivity to non-alcoholic beverages give it precedence over other regions.
2. Europe: The growlers market in Europe is projected to reach US$ 162.4 million by 2033, growing at a CAGR of 2.7% over the next 10 years to reach a total amount of US$ 211.98 million by 2033. The expansion of brewpubs and the development of sophisticated growlers with enhanced features are predicted to drive market growth.
3. Latin America: The growlers market in Latin America is expected to generate revenue of US$ 105.8 million in 2023, with an estimated CAGR of 2.4% over the forecast period.
4. East Asia: East Asia, including countries like China, Japan, and South Korea, is assessed to witness robust growth with a projected CAGR of 4.4% throughout the decade. In 2023, the market is expected to reach US$ 32.4 million.

Market Drivers-

1. Craft Beer Renaissance: The Craft Beer Movement has taken the beverage industry by storm. Consumers are increasingly seeking unique, small-batch brews, and growlers are a convenient way to enjoy these artisanal beers straight from the tap. This demand for craft beer has significantly boosted the Growlers market.
2. Sustainability and Eco-friendliness: Growlers offer an eco-friendly alternative to single-use beer containers. As the world becomes more environmentally conscious, consumers are gravitating towards products that reduce waste. Growlers are reusable, which aligns with the sustainability ethos of many consumers.
3. Customization and Variety: Growlers allow for a diverse range of beer options. Breweries can easily experiment with different flavors, seasonal offerings, and exclusive brews. This variety attracts customers who want something new and exciting every time they visit a brewery or taproom.
4. Consumer Experience: The Growlers market is not just about the product; it’s also about the experience. Consumers enjoy visiting breweries, engaging with the brewing process, and filling their growlers directly from the tap. This direct interaction enhances the consumer experience and fosters loyalty.

Rapid Growth in Brewery Industry Fuels Demand for Growlers Worldwide:

By Material:

• Plastic Growlers
• Glass Growlers
• Metal Growlers
• Ceramic Growlers

 By Capacity:

• 32 Ounce (Oz)
• 64 Ounce (Oz)
• 128 Ounce (Oz)

By Application:

• Non-alcoholic
• Alcoholic
• Beer
• Wines
• Others

By Sales Channel:

• Offline
• Breweries
• Hypermarket
• Convenience Stores
• Online

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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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