The Alcoholic Beverage Packaging Global Market Report 2023, provides comprehensive information on the alcoholic beverage packaging market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global alcoholic beverages packaging market size is expected to grow from $66.80 billion in 2022 to $72.02 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global alcoholic beverages packaging market size is expected to reach $93.11 billion in 2027 at a CAGR of 6.6%.
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Technological development is a key trend gaining popularity in the alcoholic beverages packaging market. Companies operating in the alcoholic beverage packaging market are developing new sustainable packaging technology to sustain their position in the market. For instance, in July 2020, Diageo, a UK-based alcoholic and spirit manufacturer in partnership with Pilot Lite, a Uk-based venture management company, launched Pulpex Limited, a sustainable packaging technology company that generates 100% plastic-free spirit bottles made up of paper. The bottles made using this technology are sourced from pulp to meet food safety standards and can be completely recyclable. This technology allows alcoholic beverage packaging manufacturers to rethink their packaging designs and move their existing packaging designs into paper while maintaining the quality of their products.
The alcoholic beverage packaging market is segmented:
1) By Product: Cans, Bottles, Other Products
2) By Material: Glass, Metal, Plastic, Other Materials
3) By Application: Beer, Wine, Spirits, Other Applications
North America was the largest region in the alcoholic beverage packaging market in 2022.
The table of contents in TBRC’s alcoholic beverage packaging market report includes:
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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