Authored By: Sarah
16 Jan 2024

Brewing Fortune: Alcohol Packaging Market to Hit a High Note with whopping USD 31.74 Billion

The Global Alcohol Packaging Market is on track to experience significant expansion, estimating a revenue growth of USD 31.74 billion between 2023 and 2027. The market size is projected to witness an impressive CAGR of 8.41%. This Alcoholic Beverage Packaging Market growth can be attributed to key factors such as the escalating consumption of alcohol, heightened demand for metal cans from the craft beer sector, and the rising prevalence of PET packaging in the alcoholic beverage industry.

Key Driver: Craft Beer's Thirst for Metal Cans:

Craft beer enthusiasts are sparking a fizz in the Alcohol Packaging Market, driving a spike in demand for metal cans. Aluminum cans, the superhero of beverage containment, outshine other materials, shielding beer from light and oxygen. Not just guardians of flavor, these cans are eco-friendly warriors, demanding less material for production than their bottle counterparts.

Significant Trends: Embracing Standup Pouches and Bag-in-Box Packaging

As per Alcohol Packaging Market trends, the rising popularity of standup pouches and bag-in-box packaging is shaping the market. The latter, especially favored for wine, presents advantages such as reduced weight and enhanced portability compared to traditional glass bottles.

Companies like DS Smith are contributing to the growth of the bag-in-box packaging market, which is expected to grow at a CAGR of over 5%. The appeal of these innovative packaging solutions is set to be a driving force in the global alcoholic beverage packaging market.

Alcohol Packaging Market Size, Share and Statistics

Alcohol packaging market Outlook (2023-2027)

Market Strategies: Navigating Market Dynamics and the Market Players

Market players are adopting diverse strategies, including strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product launches, to fortify their presence in the alcohol packaging market. The competitive landscape analysis includes insights into 15 key vendors, such as Amcor Plc, Ardagh Group SA, Ball Corp., Diageo Plc, and many more.

Comprehensive Report on Alcohol Packaging Market

The Alcohol Packaging Market Rreport offers a detailed analysis of the competitive landscape, encompassing information on market players. Explore all the insights into the Alcohol Packaging Market with our comprehensive report. From crafty cans to innovative solutions, it uncovers the trends and strategies driving the industry forward. Consume insights and maintain a competitive edge in the ever-changing realm of business-oriented beverage packaging.

Alcoholic Beverage Packaging Market: Key Highlights of the Report for 2023-2027

  • CAGR of the market during the forecast period 2023-2027
  • Detailed information on factors that will drive alcoholic beverage packaging market growth during the next five years
  • Precise estimation of the alcoholic beverage packaging market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the alcoholic beverage packaging market industry across Europe, APAC, North America, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of alcoholic beverage packaging market vendors
Read News Read Less
Interested in this report?
Get your sample now!