MARKET OVERVIEW
Packaging plays an important role in attracting consumers to a product. The packaging of alcoholic beverages will play an important role in brand promotion as well as will lead to increased visibility of the brand. The manufacturers are providing innovative packaging standards for alcoholic beverages to influence the consumers to purchase their brand.
MARKET SCOPE
The “Global Alcohol Packaging Market Analysis to 2028” is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the alcohol packaging market with detailed market segmentation by material type, package type, application, and geography. The report provides key statistics on the market status of the leading alcohol packaging market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on material type, the global alcohol packaging market is segmented into glass, plastic, metal, and paper and paperboard.
- Based on package type, the global alcohol packaging market is segmented into bottles, cans, and others.
- Based on application, the market is segmented into beer, wine, spirit, and others.
MARKET DYNAMICS
Drivers-
- The higher standard of living along with increased consumption of premium alcoholic beverages has led to an increased demand for alcohol packaging.
- Beer contains vitamins, natural antioxidant, and proteins which help in preventing cardiovascular diseases and supports muscle rebuilding. The increase in awareness about the health benefits provided by beer will increase the demand for alcohols which will boost the alcohol packaging market.
- The new and innovative packaging solutions are having a positive impact on the alcohol packaging market.
Restraints-
- The implementation of stringent regulations on packaging materials used for alcoholic beverages could hinder market growth.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The alcohol packaging market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the alcohol packaging market in these regions.
IMPACT OF COVID-19 ON ALCOHOL PACKAGING MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries such as the food and beverages industry in various countries due to lockdowns, travel bans, and business shutdowns. The COVID pandemic initially disrupted the demand for alcohol due to the lockdown of restaurants, food service providers, liquor shops, hotels, and bars. The shutdown of the local shops and pubs has generated opportunities for the online service providers which has increase the demand for alcohol packaging as these online retailers are providing home delivery to the consumers. The lockdown has majorly impacted the size of the package of the alcohol and there is an increase in production of beer cans and wine. Thus, initially COVID 19 had a negative impact on the alcohol packaging market but slowly and steadily has the demand for alcohol increased the need for alcohol packaging also increased.
KEY MARKET PLAYERS
The report covers key developments in the alcohol packaging market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from alcohol packaging market are anticipated to lucrative growth opportunities in the future with the rising demand for alcohol packaging in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the alcohol packaging market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Amcor PLC
- Ardagh Group S.A
- BALL CORPORATION
- Berry Global Inc.
- Crown
- DS Smith
- Gerresheimer AG
- Nampak Ltd
- Smurfit Kappa
- Stora Enso Oyj
The Insight Partner’s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.