© 2017 Global Market Insights, Inc. USA. All Rights Reserved Alcohol Packaging Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Japan, India, China, Australia, Brazil, Mexico, Saudi Arabia, South Africa), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2025 Alcohol Packaging Market to Witness A Phenomenal Growth over 2018 to 2025
Global Market Scenario of Alcohol Packaging Market © 2017 Global Market Insights, Inc. USA. All Rights Reserved Alcohol Packaging Market size is forecast to witness a high growth rate by 2025 owing to the increasing consumption of liquor beverages around the globe. Alcohol Packaging Market Increasing urbanization coupled with rising per-capita income of the consumer in developing nations including India is likely to increase the alcohol production which further made a significant contribution to soaring profit of the alcohol packaging market. The liquor industry is one of the most gainful market around the globe. It generated a revenue of about USD 1.4 trillion in 2015 and will grow at a substantial rate during the forecast time spell. This industry will also witnesses shifting of sales from western countries to emerging market including Africa and Asia Pacific. For instance, in 2015, the alcohol consumption per capita in Australia and U.S. was around 12.6 and 9 liters respectively. High volume of liquor beverages along with shifting consumption patterns towards developing nation will drive the liquor beverage demand. This will further create a positive influence on alcohol packaging market in next seven years down the line. The constant launch of different flavored alcoholic beverages will increase the liquor consumption which will foster the alcohol packaging demand by the end of 2025.
© 2017 Global Market Insights, Inc. USA. All Rights Reserved Product Analysis:- Based on packing material, the alcohol packaging market can be segmented as glass, metal, plastic, paper & paperboard. The glass segment will lead the product market owing to 100% recyclability and maintain the product quality. In 2016, The Wine Institute of America produce more than 4.7 billion wine bottles in the U.S. Moreover, growing beer industry in Europe will foster the glass packaging segment. Metal packing segment will also hold the substantial market share owing to its light weight with high mechanical strength which act as a barrier against air and water hence, preserve the beverage quality. Regional Trends:- Asia Pacific emerge as the fastest growing region which is majorly driven by the rising population and growing living standards in India, and China, which will favor the growth of alcoholic beverages consumption. Europe may hold a major chunk in the product segment, because the liquor market in this region valued approximately USD 480 billion in This will further increase the demand of alcohol packaging in next seven years.
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© 2017 Global Market Insights, Inc. USA. All Rights Reserved Competitive Trends: The major players of the alcohol packaging market are Ball Corporation, Amcor limited, Smurfit Kappa Group, Owens Illinois Inc., Ardagh Group S.A., DS Smith Plc, WestRock LLC, Vidrala S.A., Mondi PLC, Crown Holding Incorporation, Bemis Company Inc., Krones AG, Tetra Laval, Gerresheimer AG, and Stora Enso Ojy.
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