Alcohol Packaging Market | Growth Analysis by Manufacturers, Size, Historic Growth, Trends, Strategies, Forecast By 2028

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Alcohol Packaging Market 2022 Leading Players,
Segments Analysis and Growth Drivers by 2028
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Global Market Scenario of Alcohol Packaging
Industry
Alcohol Packaging Market Size is expected to be
around USD 75 billion by 2028. Favorable trends
associated with alcohol production will benefit
industry expansion in the future. Some major
findings of the alcohol packaging market report
include The metal segment growth is attributed
to its durability and sustainability. The wine
segment from alcohol packaging industry will grow
steadily during the forecast period due to
increasing popularity across developing
countries. Amcor plc, Ball Corporation, DS
Smith, Brick Packaging LCC, Crown Holdings,
TetraPak, Owens Illinois, and Berry Global, Inc.
key players in the alcohol packaging market.
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Continue-
The development of innovative alcohol packaging
solutions can have a tremendous positive impact
on the alcohol packaging market growth. Alcohol
packaging manufacturers are coming up with new
enhanced packaging solutions to stay ahead of
their competitors. The development of the
Bordeaux-style bottle is one such example.
Similar to a bag-in-box and molded with moisture
heat into shape, the bottle is a recycled
paperboard fused with water-based glue. It is
94 chemical-free and is capable of resisting
spills, breakage humidity, which makes it
suitable for wine packaging. Some manufacturers
are focusing on manufacturing returnable glass
bottles, which will be reused ten times and also
reduce carbon footprints. The development of
plant-based PET bottles for alcohol packaging is
also in the pipeline to reduce the negative
impact on the environment. The alcohol packaging
market is segmented based on material, alcohol,
and packaging. The metal segment is expected to
reach around USD 20 billion by the end of the
forecast period.
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Metal plays an important role in alcohol
packaging. It is mostly used in the form of cans
and provides protection against external
influences. It is easy to fabricate and is highly
resistant to an acidic environment, which makes
it suitable for wine packaging. Packaging made of
aluminum are shatterproof, unbreakable, durable,
and provide a premium look to alcohols. It is
lightweight, thus curtailing the transportation
cost. Cans made of aluminum steel are most
commonly used for alcohol packaging. Metal helps
in reducing the carbon footprint and is highly
recyclable. The wine segment will capture over
10 share by 2028 in alcohol packaging market.
Wine is rich in antioxidants, thus reducing
oxidative stress. The anti-inflammatory
properties of wine help in combating
inflammation. It also reduces the risk of
depression and promotes healthy gut bacteria.
Consumers prefer wine with food as it enhances
the food taste. Owing to these benefits, wine is
one of the most popular alcoholic beverages
across the globe. Thus, the rising demand for
wine will augment the segment growth.
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Competitive Analysis
Secondary packaging will witness around 2 CAGR
over the forecast timeframe as it plays an
important role in offering physical barrier
protection, secondary containment, and adherence
to regulations. The packaging helps in attracting
the customers as it is the first thing that the
customers see. Some of the common examples of
secondary packaging are cardboard boxes,
cardboard or plastic crates, trays, paperboard
cartons, trayed PET and glued cardboards
containing cans and bottles. The Europe region
will witness around 1.5 CAGR in terms of volume.
The presence of well-established and
technologically advanced machineries for alcohol
packaging will favor the market growth. Changing
lifestyle coupled with rising disposable income
is escalating alcohol demand, thereby supporting
the industry growth.
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