Alcohol Packaging Market: Global Industry Analysis and Forecast (2022-2029) by Packaging Type, Application and Region

Alcohol Packaging Market is expected to reach USD 90.66 billion by 2029, with a CAGR of 4.61 % between 2023 and 2029.

Alcohol packaging encompasses both main and secondary packaging options for many types of alcoholic beverages. The global alcohol packaging market research report contains essential data and analytical insights to offer a holistic view of the market size, share, growth, trend, demand, top player and industry profile, opportunities, value cycle, end-users, technology, kinds, and application. The research will also provide stakeholders with micro-market investment prospects as well as a comprehensive analysis of the competitive environment and major rivals' product offerings.To know about the Research Methodology :- Request Free Sample Report
Alcohol Packaging Market Dynamics
The alcohol packaging Market has strong development potential due to rising global consumption and demand for alcoholic beverages. Besides that, the low cost and easy availability of alcohol products, as well as the increasing use of bioplastic materials for packaging, are propelling the market forward. Other factors contributing to the growth of the alcohol packaging market include the marketing of alcohol in creative and environmentally friendly packaging, as well as a rising number of local players and brewers. However, rigorous government regulations on alcohol use, as well as environmental concerns over the plastic used in packaging, are some of the factors limiting the growth of the alcohol packaging market.

Thanks to the growth in alcohol consumption, the need for alcohol packaging is increasing, and the market for alcohol packaging will grow throughout the forecast period. The global Alcohol Packaging Market is being propelled ahead by increased demand from end-user industries such as the alcohol industry. Additionally, new local rivals entering the market, as well as novel packaging that increases product appeal, are expected to move the global market ahead.

Due to the deployment of lockdown and other tight measures to prevent the growth of the coronavirus pandemic, various medical, social, and psychological issues have developed significantly. A vast number of countries have made it illegal to eat and drink outside. These concerns, together with supply chain disruptions and firm closures, might make the alcohol packaging sector more difficult to operate in the future period.

However, due to high-stress levels, adult alcohol beverage consumption and purchase habits have increased dramatically in recent months, with some beverage categories gaining in popularity. As a result, 41 percent of younger consumers aged 21 to 34 expressed a strong preference for beer over other alcoholic beverages, compared to 11 percent of customers aged 35 and more. Changes in consumption trends and increased awareness of improved alcohol container designs, as well as the relative simplicity with which lockdown measures may be implemented in certain countries, are expected to boost the alcohol packaging market during the forecast period.
Alcohol Packaging Market Segment Analysis
The beer segment is likely to dominate the market, accounting for almost two-thirds of the total market value. In the next years, rising beer consumption, an increase in the number of microbreweries, and an increase in the number of young consumers are expected to boost this market. Additionally, beer's low cost is expected to appeal to a broader audience, resulting in increased demand for beer packaging materials. The second-largest contributing category is spirit, which is mostly expanding due to increased spirit consumption.
Alcohol Packaging Market Regional Insight
In 2022, North America and Europe accounted for more than half of the global market. These regions are also likely to rise in the future due to the rising consumption of luxury alcoholic drinks such as spirits and wines. For example, there is an increasing demand for vodka in the United States. As one of the premium drinks, Europe has seen a surge in demand for flavored beer.

The Asia Pacific is expected to be the fastest-growing regional market because of rising alcoholic beverage consumption. Additionally, expanding population and disposable income levels, as well as rapid urbanization in countries such as China, India, and Thailand, are expected to drive market growth. The launch of new taste goods will also help to drive industry growth. For example, in November 2018, De Brabandere Brewery introduced a premium beer, 'hopper,' in conjunction with Brindco, a famous alcoholic beverage importer. The beer is available in two varieties: blonde and witbier.

Report Objectives:

• Landscape analysis of the Alcohol Packaging Market
• competitive benchmarking
• Past and current status of the industry with the forecasted market size and trends
• Evaluation of potential key players that include market leaders, followers, and new entrants
• Technology trends
• The potential impact of micro-economic factors on the market
• External and Internal factors affecting the market have been analyzed

The report also helps in understanding the Alcohol Packaging Market dynamics, and structure by analyzing the market segments to project the Alcohol Packaging Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Alcohol Packaging Market make the report investor’s guide.
Alcohol Packaging Market Scope: Inquiry Before Buying



Alcohol Packaging Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 66.13 Bn.


Forecast Period 2023 to 2029 CAGR:
4.61%
Market Size in 2029:
US $ 90.66 Bn.


 Segments Covered:
by Packaging Type
• Primary packaging type
o Bottles
o Cans
o Liquid brick carton
o Bag-in-box
o Growlers
o Pouches
• Secondary packaging type
o Boxes
o Folding cartons
o Others



by Application
• Beer
• Wine
• Spirits
• Others



Alcohol Packaging Market, by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Leading Competitors in the Alcohol Packaging Market are:
• West Rock 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.
• BA Glass Germany GmbH.

Frequently Asked Questions

1. What is the projected market size & growth rate of the Alcohol Packaging Market?
Ans- The Alcohol Packaging Market was valued at USD 66.13 billion in 2022 and is projected to reach USD 90.66 billion by 2029, growing at a CAGR of 4.61 % during the forecast period.

2. What is the key driving factor for the growth of the Alcohol Packaging Market?
Ans- The alcohol packaging Market has strong development potential due to rising global consumption and demand for alcoholic beverages.

3. Which Region accounted for the largest Alcohol Packaging Market share?
Ans- In 2022, North America and Europe accounted for more than half of the global market.

4. What makes Asia Pacific a Lucrative Market for Alcohol Packaging Market?
Ans- The Asia Pacific is expected to be the fastest-growing regional market because of rising alcoholic beverage consumption.

5. What are the top players operating in the Alcohol Packaging Market?
Ans- WestRock LLC, Stora Enso Oyj, Smurfit Kappa Group, Amcor Limited, and Ball Corporation