Alcoholic Beverage Packaging Market: Global Industry Analysis and Outlook, 2025A Chapter by Markets InsightsThe global alcoholic beverage packaging market size was estimated at USD 60.34 billion in 2018 and is projected to expand at a CAGR of 4.8% from 2019 to 2025The
global Alcoholic Beverage Packaging Market size is
expected to reach USD 83.86 billion by 2025 registering a CAGR of 4.8%,
according to a new report by Grand View Research, Inc. Increased awareness
about sustainable packaging is expected to remain a key factor for the market
growth. Rising consumption of premium alcoholic beverages, such as flavored
vodka and single-malt whiskey, particularly in developing countries, is also
projected to contribute to the market growth. In addition, influence of
corporate culture is anticipated to spur the demand for such beverages, thereby
supporting market expansion. Rising
popularity of shim drinks is also said to have a positive impact on the market
over the forecast period. Premiumization and graphic designing are expected to
be the prominent trends influencing the alcoholic beverage packaging market,
particularly in the developed countries including Germany and U.K. Glass
products accounted for the largest revenue share in 2018 and will retain the
dominant position over the forecast period. Glass materials have high demand as
they are recyclable and sustainable. However,
plastic product segment is projected to witness the fastest CAGR owing to
increasing adoption of Polyethylene Terephthalate (PET) bottles in alcohol
packaging. Rising focus of key companies on sustainable packaging is also
likely to have a positive impact on the segment growth. For instance, in 2017,
Triple Crown Distilling Co. introduced flexible pouches. In 2017, The Smirnoff
Co. launched Smirnoff Ice Electric, an RTD alcoholic beverage packed in a
resealable plastic bottle. Browse Details of Report @ Further key findings from the study suggest:
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Added on December 31, 2019 Last Updated on December 31, 2019 Tags: Alcoholic Beverage Packaging Mar AuthorMarkets InsightsFelton, CAAboutAbout Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer c.. more..Writing
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