Global alcohol packaging market size is epected to be worth nearly US$ 59 Bn by 2027 and is expected to grow at a CAGR of over 4.9%, the demand for alcohol packaging solutions is expected to grow over the forecast period.
The study has considered the base year as 2019, which estimates the market size of market and the forecast period is 2020 to 2027. The report analyzes and forecasts the market size, in terms of volume (thousand units) and value (USD million), for the market. The report provides a detailed analysis of various forces acting in the market (drivers, restraints, opportunities, and challenges). The report covers key players and comprehensively analyzes their market shares and core competencies. It also tracks and analyzes competitive developments such as joint ventures, mergers & acquisitions, new product launches, expansions, and other activities carried out by key industry participants.
The evolution in consumer demand emerges from the growing awareness about alcohol. With exposure, consumers are spread across age groups, demography, and gender. As a result, alcohol companies are having to define consumer requirements categorically. A fallout of this approach invariably results in companies looking at fresh packaging designs to lure consumers, laying the basis for growth in the global alcohol packaging market.
As we speak of consumerism, it is important to know that user-behavior is typically short-lived, and this is common for global alcohol packaging market. This will push companies to stay on their toes, and grab on anything that can make a difference to their revenue figures. From new materials to design, alcohol packaging market’s companies are expected to try to their hands on every profitable idea. Results of proven analysts and experts from the industry indicate that the global alcohol packaging market will have potential for business worth US 59 bn by the end of the forecast period.
Primary Packaging Segment to dominate with 82% Share
Globally, the alcohol packaging market has been segmented as primary and secondary packaging type, by packaging type. Primary packaging segment for alcohol packaging dominates the secondary packaging type, by packaging type, with an estimated market share of 82% by value. Primary packaging type, the global alcohol packaging market has been segmented into bottles, cans, liquid brick carton, bag-in-box, growlers, and pouches. Moreover, secondary packaging segment, is anticipated to grow at a healthy CAGR of over 5.3%, by value over the forecast period. Secondary packaging type the global market has been segmented into boxes, folding cartons, and others such as multipacks and tubes.
Beer Packaging Materials to Remain in High Demand as the Beverage Continues to be Affordable
By application, the alcohol packaging market has been segmented into beer, wine, spirits, and others (ciders, FAB). Among these, beer segment is expected to dominate the market with around two-third of market share by value. Growing consumption of beer, increasing number of microbreweries, and rise in the number of young drinkers as expected to augment this segment in the forthcoming years. Furthermore, the affordable pricing of beer is likely to attract a wider consumer base thereby generating a greater demand for beer packaging materials. Spirits is the second largest contributing segment and mostly growing on the backdrop of spirit consumption.
Europe and APAC Markets Lead the Way as Emergence of Local Players Fosters Growth
The global alcohol packaging market is divided into North America, Latin America, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA). The Asia Pacific region is projected to register the highest CAGR of 6%, over the forecast period. Growth in population and emergence of several local players that are required to meet the global standards of packaging are expected to fuel the growth of this regional market. Europe is expected to have the highest incremental opportunity of an estimated value of US$5,590 mn. It dominates the overall market share of alcohol packaging with nearly one-third of the market share, by 2020.
Bottles or Cans? Companies to Focus on Primary Packaging
Stacks of designer bottles neatly arranged in modern furniture is the first attraction for a people with interests in alcohol, be it a consumer or a collector. It is sight of light-to-dark colored bitter liquids gleaming out of glass bottles that adds the value of appearance to alcohol. Many companies in the global alcohol packaging market are consistent to with tweaking their design to offer something ‘new’ for their consumers.
Among several materials available like glass, metal, plastic, paperboard, etc. it is glass and metal that find prominence in packaging. Glass is the most preferred material, accounting for more than 80% share in the global alcohol packaging market, and is sought-after for packing both, beer and liquor. While printing is a tough ask from players manufacturing glass bottles for alcohol, the advantage lies in shaping the bottles, and more importantly preserving the taste of alcohol.
On the other hand, metals, though occupying a minute share in the global alcohol packaging market, is preferred by bear manufacturers as they are favorable for printing. Metals are malleable, and, thus companies find it feasible to print on a flat surface.
How Environment Laws will Shape Tomorrow’s Product Line?
PET – polyethylene terephthalate, a common material used for making bottles across the food and beverages industry. But, multiple studies have proven that it is a long haul to recycle PET bottles. That said, there is a parallel evolution in understanding the need to reduce plastic consumption to save the environment. As a result, countries have introduced laws that restrict the use of plastic in multiple forms, especially in the food and beverages industry.
For instance, California was one of the first states in the U.S. to impose ban on plastic bags. And, after a successful attempt to curb use of plastic bags, lawmakers now propose to phase out single-use plastics by 2030. It is likely that other states in the U.S. and other countries may follow suit. This is a cue for companies in the global alcohol packaging market as it might be right time for them to look at glass or metals as an option for tomorrow’s product line. Glass is more feasible as it might offer multiple-use with sustainable investment for facilitating reusability of bottles.
Key players in the global alcohol packaging market includeare WestRock LLC, Stora Enso Oyj, Smurfit Kappa Group, Amcor Limited, Ball Corporation, Crown Holdings, Inc., Ardagh Group S.A., Owens Illinois Inc., Berry Global, Inc., DS Smith Plc, Gerresheimer AG, Nampak Ltd., Vidrala S.A., Intrapac International Corporation, Beatson Clark Ltd., and BA Glass Germany GmbH.
Segmentation
Packaging Type
Application
Material Type
Region
The Alcohol Packaging market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Alcohol Packaging market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Alcohol Packaging market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Alcohol Packaging market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Alcohol Packaging market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Alcohol Packaging capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Alcohol Packaging by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Alcohol Packaging market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Alcohol Packaging market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Alcohol Packaging market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Alcohol Packaging industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Alcohol Packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Alcohol Packaging market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Alcohol Packaging market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Alcohol Packaging market. These factors have benefited the growth of the global market for Alcohol Packaging. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Alcohol Packaging. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Alcohol Packaging are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Research Methodology:
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
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