Bottle carriers serve a dual purpose for manufacturers, as they are not only functional but also a valuable tool for marketing endeavors. Several companies are dedicating their efforts to providing packaging solutions that offer both practicality and extended shelf life. Bottle carriers, in particular, offer businesses an opportunity to differentiate themselves in a competitive market landscape, ultimately leading to an uptick in sales.
In 2021, the global Bottle Carriers Industry achieved a valuation of approximately US$ 546 million, and it is poised to demonstrate growth at a Compound Annual Growth Rate (CAGR) of 4.7% between 2022 and 2032. The projected outcome points towards the market reaching a milestone valuation of US$ 895 million by the year 2032.
These carriers are typically crafted from materials such as corrugated cardboard or solid board, and they come equipped with an integrated handle. Designed to securely transport two to six bottles of uniform size and shape, these carriers are pre-glued, ensuring quick and hassle-free assembly. As the demand for consumer-friendly solutions continues to grow, the global Bottle Carriers Industry is witnessing the emergence of fresh opportunities for expansion.
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Top Market Trend
The Bottle Carriers Industry is on the brink of a substantial growth trajectory, driven by the rapid expansion of alcoholic beverage consumption across diverse regions. This surge can be attributed to the escalating disposable incomes in emerging economies and the growing trend of increased expenditure on social and recreational activities within modern communities. Alcohol consumption has become deeply integrated into contemporary culture, with its widespread presence at social gatherings, nightspots, lounges, and informal settings underscoring its social acceptance and normalization.
Of particular significance is the prominence of alcohol consumption among the millennial generation. This demographic cohort exhibits a heightened exposure to and engagement with alcoholic beverages. In response to the heightened demand from millennials, bottle carriers have emerged as a popular packaging solution within the beverage manufacturing sector. These carriers are not only a practical choice but also serve as effective tools for brand expansion and creating a memorable impression in the minds of consumers. Collectively, these factors are anticipated to drive the global Bottle Carriers Industry forward in the coming decade.
Key Takeaways from Bottle Carriers Industry
1. By carrying capacity, the 6 pack rings segment is expected to create an incremental opportunity of US$ 82 Million during the forecast period of 2022-2032.
2. Based on end use, the food & beverage segment is projected to create an absolute dollar opportunity of US$ 268 Million between 2022 and 2032.
3. China is estimated to be the second-largest Bottle Carriers Industry in East Asia and reach an estimated valuation of US$ 96 Million by the end of 2032.
4. The U.S. Bottle Carriers Industry is set to exhibit considerable potential and is predicted to grow at a CAGR of 3.9% by 2032.
- The Bottle Carriers Industry was estimated to grow at a CAGR of 3.7% in the historic period of 2015-2021.
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Market Drivers:
- Increased Beverage Consumption: Rising consumption of beverages, including bottled water, soft drinks, and alcoholic beverages, has led to higher demand for bottle carriers, as consumers often purchase multiple bottles at once.
- Retail Convenience: Retailers use bottle carriers to simplify the shopping experience for customers, making it easier for them to purchase and carry multiple bottles, enhancing convenience and encouraging larger purchases.
- Brand Promotion: Bottle carriers provide a platform for branding and marketing efforts, allowing companies to display logos, slogans, and product information, thereby promoting their brand and products.
- Eco-Friendly Packaging: The growing emphasis on sustainability and eco-friendly packaging options has led to the development of recyclable and biodegradable bottle carriers, which are preferred by environmentally-conscious consumers and businesses.
- Consumer Behavior: Changing consumer lifestyles, including a preference for on-the-go and outdoor activities, drive the demand for bottle carriers that facilitate convenient transportation of beverages.
Key Players
- Smurfit Kappa
- Roberts PolyPro, Inc
- PakTech
- WestRock Company
- Hi-Cone
- Lawson Kegs
- Lucky Clover Packaging
- Guangzhou Happy Packaging Co.,Ltd
- Qingdao Yilucai packaging Co.,Ltd
- GWP Packaging
- E6PR
- American Canning
- Pak-It-Products
- Shanghai Woods Packaging Co., Ltd.
- Menasha Packaging
- NEPA Carton & Carrier Co. Inc.
- Brick Packaging
Segment Covered
- Material
- Carrying Capacity
- End Use
- Region
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