Packaging Market ResearchSep 17, 2019 1001 views
Zion Market Research has published a report titled “Alcohol Packaging Market by Packaging Type (Primary Packaging [Bottles, Cans, Bag-in-box, Liquid brick carton, Growlers, and Pouches] and Secondary Packaging [Boxes, Folding cartons, and Others]), by Material Type (Glass, Metal, Plastic, and Paper & paperboard), and by Application (Beer, Wine, Spirits, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2024”. According to the report, global alcohol packaging market was valued at approximately USD 40.2 billion in 2017 and is expected to generate revenue of around USD 54.7 billion by the end of 2024, growing at a CAGR of around 4.5% between 2018 and 2024.
Branding and marketing strategies are influencing various alcohol manufacturers to invest in the packaging of alcohol. Packaging format has become identical with the identification of brand in the alcohol industry, and it is expected to increase expenses on alcohol packaging in the future years. Development and design of sustainable packaging solutions are expected to boost alcohol packaging market growth in the coming years.
Based on packaging type, the market is bifurcated into the secondary and primary packaging. Primary packaging is further divided into the liquid brick carton, bottles, growlers, pouches, cans, and bag-in-box. Secondary packaging is further divided into boxes, folding cartons, and others. Several pouch formats and new fixture technologies are expected to increase the demand for primary packaging pouches from various end-use industries.
Global Alcohol Packaging Market research report is poised for strong growth during the forecast period 2018 to 2023. Some of the prominent trends that the market is witnessing include rapid growth of urbanization across various parts of the world, improving lifestyles, rising consumerism, recent technological developments and growth opportunities/investment opportunities.
Top Key Players: WestRock LLC, Stora Enso Oyj, Smurfit Kappa Group, Amcor Limited, Ball Corporation, Crown Holdings, Inc., Ardagh Group S.A., Owens Illinois Inc.
Global Alcohol Packaging Market report provide comprehensive view of the market to the user that includes detailed competitiveness analysis and company players with their SWOT analysis and strategy overview. The past performance and future projections of the market have been presented in the report with the help of graphs, infographics, tables and charts.