The analysis conducted by FMI suggests that the growlers market is expected to experience a Compound Annual Growth Rate (CAGR) of 2.7% throughout the forecast period. By the end of 2033, the market size is projected to increase from US$ 556.2 million in 2023 to US$ 726 million.
The anticipated growth in the market can be attributed to several factors. Firstly, there is an expected increase in the use of growlers over the projection period. This is supported by beer consumption patterns, which indicate a preference for more expensive and specialized alcoholic beverages among consumers in both developed and developing countries.
Furthermore, shifting customer tastes, particularly among the younger generation, are expected to impact the industry. The younger demographic has a significant demand for new products that offer distinctive taste, freshness, and excellent quality. As developing countries continue to expand and living standards rise, the market’s potential is also expected to expand in the future years.
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Alcohol manufacturers are capitalizing on the thriving market economy by supplying artisan beer and providing consumers with a variety of options. Craft beer consumption is anticipated to increase in the upcoming years, which has contributed to the significant growth of growlers. This growth can be attributed to the expansion of craft brewing among middle-class customers, who may value the cultural experience associated with it. Additionally, the market growth is expected to be fueled by the availability of growlers in a wide range of upscale styles, designs, and sizes.
In summary, the growlers market is projected to experience steady growth over the estimated period, driven by factors such as increasing growler use, evolving consumer preferences, expanding developing countries, and the rise of craft beer consumption.
Key Highlights of the Growlers Market:
- The North America growlers industry is projected to attain US$ 174.8 million by 2023 year-end. The market is projected to expand at 2.1% over the forecast period, to attain US$ 215.18 million by 2033. The highly saturated market for alcoholic beverages and heightened receptivity to non-alcoholic beverages has led to market precedence in North America over other regions.
- Europe region is projected to trail behind North America, attaining market revenue of US$ 162.4 million by 2033. The region is estimated to assume a CAGR of 2.7% over the next 10 years, and 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 push market growth.
- Latin America is the third significant region, substantially contributing to the overall market growth. The market is expected to generate revenue of US$ 105.8 million in 2023. The market is anticipated to expand at 2.4% CAGR over the forecast period.
- East Asia, which includes countries like China, Japan, and South Korea, is assessed to witness robust growth over the forecast period. The region is forecasted to register a 4.4% CAGR throughout the decade. In 2023, the market is expected to attain US$ 32.4 million over the forecast period.
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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 Players Surveyed by FMI
- Ardagh Group S.A.
- Alpha Packaging
- William Croxsons & Sons Limited
- GrowlerWerks, Inc.
- Global Glass Solutions
- Orange Vessel Co.
- Berlin Packaging LLC
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Growlers Market By Category
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
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