Wine Packaging Market Research Report - Forecast to 2023

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Wine Packaging Market Research Report By Forecast
To 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Wine Packaging Market Research Report - Forecast
to 2023
Global wine packaging market, container (glass
bottles, plastic bottles, bag in box container
and others), bulk packaging (ibcs, flexitanks,
drums), closure (natural corks, aluminum screw
caps, synthetic corks) accessories (boxes
carriers, labels), global forecast to 2023.
The packaging manufacturers across the globe are
highly concentrating on improvising the
distribution process, via economies of scales.
These economies of the scales are primarily
monitored across the wine packaging
manufacturers, to optimize the assets available
to the manufacturers. Globally, the wine
packaging manufacturers are immensely
concentrating on providing eco-logical solutions
such as sustainable packaging and
environment-friendly packaging. Moreover, the
growing need to increase the packaging safety
concerns among the consumers is propelling the
demand for ancillary wine packaging such as
carton partitions, trays, racks, boxes and
barrels among others. These factors are highly
fueling the demand across the wine packaging
manufacturers operating in the prominent wine
producing countries across the globe. The wine
packaging industry is unswervingly allied to the
wine manufacturing industry. The wine market has
witnessed phenomenal growth over the recent years
and is expected to retain this over the forecast
period, owing to several benefits associated with
the wine, namely taste and health aids. The
health-conscious inhabitants have emerged as one
of the largest consumers across the globe,
leading to a larger wine production, consistently
driving the wine packaging market. Moreover, wine
is recognized as the favored drink on numerous
occasions, owing to the high availability of its
extensive selection catering to assorted audience
groups. However, the growing stringent government
regulations and environmental concerns related to
some of the packaging raw materials might act as
restraints to the market growth. In contrast to
these factors, companies along the packaging and
wine producers are highly focusing on new
material innovation to comply with the modern
ecological standards.
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Wine Packaging Market Research Report - Forecast
to 2023
Segmentation
Global wine packaging market is segmented based
on container, bulk packaging type, closure,
accessories and region. Based on containers the
market is segmented into glass bottles, plastic
bottles, bag in box container and others. Among
these, the glass bottles, is projected to
dominate the wine packaging market through 2023.
Extensive use of glass bottles for wine packaging
owing to benefits such as, glass in non-reactive
to wine and is an ideal material for longer
duration shortage. Based on the bulk packaging
type the market is segmented into IBCs,
flexitanks, drums others. Flexitanks dominated
the market in 2016 and is projected to be the
fastest-growing bulk packaging type segment for
wine packaging. Flexitanks are the perfect medium
for high distance transport and high volume
storage. Based on the closure, the market is
segmented into natural corks, aluminum screw
caps, synthetic corks, and others. Natural cork
demand from high-end wine producers and stronger
cultural preference for natural cork over other
closure system is expected to boost natural cork
closure segment in the global wine packaging
market. Based on the accessories, the market is
segmented into boxes carriers, labels, and
others. Considering the value of packaging, boxes
carriers segment holds a maximum share in the
global wine packaging market and will grow at an
exponential rate in the coming years. Boxes
carriers segment finds maximum use in the final
packing of the wine container. The growing
consumer preference for elegant exterior
packaging is creating a lucrative market for
boxes carriers in the global wine packaging
market. Wine packaging manufacturers are highly
converging towards reducing the cost and
diminishing the weight as well, through making
numerous exertions at producing multiple designs
and will implement new technologies to please
various consumer preferences. These progressions
are creating openings for innovative wine
packaging industry. Wine packaging manufacturers
have been recognized to utilize various packaging
materials, to cater to a broad spectrum of
audience while not compromising on the eminence
of the wine stored inside the package. All these
factors are expected to pave the path for
modernization in the manufacturing process and
product differentiation, which in turn is likely
to drive the wine packaging market over the
forecast period.
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Wine Packaging Market Research Report - Forecast
to 2023
Segmentation
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Wine Packaging Market Research Report - Forecast
to 2023
Global Wine Packaging Market
The global wine packaging market is segmented
into prominent regions such as, North America,
Europe, Asia Pacific and Rest of the World. The
global consumption of wine packaging raw
material, so as manufacture of wine containers is
highly intended across North America and Europe.
The growing wine consumption across North America
and Europe economies is propelling the subsequent
wine packaging market. Whereas, the growth in
wine consumption across major Asia Pacific
countries with changing lifestyle and alcohol
consumption patterns, acts as a key driver for an
increase in wine packaging in this region.
Key Players
The key players of global Wine Packaging market
are Amcor Limited (Australia), Ardagh Group SA
(Ireland), Avery Dennison Corporation (U.S.),
Ball Corporation (U.S.), CCL Industries
Incorporated (Canada), Encore Glass Incorporated
(U.S.), Exal Group (U.S.), and G3 Enterprises
Incorporated (U.S.). Hoover Container Solutions
Incorporated (U.S.), Enoplastic SPA (Italy),
Maverik Enterprises Incorporated (U.S.),
Multi-Color Incorporation (U.S.), Owens-Illinois
Group Incorporated (U.S.), Smurfit Kappa Group
(Ireland), and Gerresheimer Moulded Glass GmbH
(Germany) are among others.
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