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The alcoholic beverage packaging market size is forecast to increase by USD 37.5 billion, at a CAGR of 9.14% between 2023 and 2028.
Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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The market continues to evolve, with dynamic market activities unfolding across various sectors. Supply chain visibility plays a crucial role in ensuring brand protection and consumer safety as packaging lines adapt to e-commerce packaging requirements. Labeling machines and filling machines integrate advanced technologies such as barcodes, RFID tags, and QR codes for efficient tracking and traceability. Pet bottles made of HDPE material, plastic closures, and packaging design innovations continue to gain popularity due to their oxygen barrier properties and tamper-evident seals. UV protection and logistics optimization are essential for maintaining product quality and reducing wastage. In the spirits packaging segment, glass jars, cork stoppers, and metal closures add a premium touch to the product, while spirits in glass bottles offer a traditional and elegant appeal.
Aluminum cans, beer packaging, and wine packaging each have unique requirements, such as temperature control and shelf life, that necessitate specialized packaging solutions. The use of biodegradable materials, paperboard packaging, and recycled materials is gaining traction as sustainability becomes a priority. Product protection, through shrink wrap and pallet wrapping, is essential for ensuring the safe transportation of alcoholic beverages. Inventory management, moisture barriers, and temperature control are critical considerations for ready-to-drink packaging, while digital printing and offset printing offer cost-effective solutions for small and large production runs, respectively. The ongoing evolution of the market reflects the industry's commitment to innovation, sustainability, and consumer safety.
The alcoholic beverage packaging industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The glass segment is estimated to witness significant growth during the forecast period.
In the dynamic the market, glass remains a preferred choice for various reasons. With a significant market share, glass packaging caters to numerous beverage types, including beers, wines, rum, vodka, and whiskey. The advantages of glass are noteworthy: it is impermeable to oxygen and carbon dioxide, ensuring longer product shelf life. Glass bottles' resistance to leaching is another key factor, as they undergo de-alkalization during manufacturing, reducing the risk of contamination. Furthermore, glass bottles maintain their shape during pasteurization, a crucial process for ensuring product safety. In the evolving market landscape, glass packaging also accommodates various design elements, such as screen printing, labeling, and even digital printing.
Additionally, glass packaging can be combined with other materials, such as metal closures, cork stoppers, and plastic or aluminum caps, to enhance product protection and consumer convenience. As e-commerce sales increase and logistics optimization becomes essential, glass packaging's durability and stackability make it an ideal choice for shipping. Moreover, the recyclability of glass bottles aligns with consumers' growing preference for sustainable packaging solutions. In the realm of spirits packaging, glass jars and bottles continue to be popular, while wine packaging incorporates temperature control and UV protection features. Overall, glass packaging's versatility, durability, and safety make it an enduring choice in the alcoholic beverage industry.
The Glass segment was valued at USD 32.60 billion in 2018 and showed a gradual increase during the forecast period.
Europe is estimated to contribute 36% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The market is experiencing significant growth, driven by the increasing disposable income of consumers in Europe. In 2021, the median household disposable income in the UK was â¬31,400, representing a 2% annual increase, according to the Office for National Statistics (ONS). Europeans are among the world's highest consumers of alcohol, with over 60% of adults consuming alcohol in 2020. Per capita consumption of pure alcohol in Europe exceeded 9 liters. Brand protection and consumer safety are key concerns in the alcoholic beverage packaging industry. Packaging lines incorporate various technologies, such as labeling machines, filling machines, and bar codes, to ensure product authenticity and traceability.
RFID tags and tamper-evident seals provide additional security measures. Packaging materials like plastic bottles, HDPE bottles, and glass jars are used for different types of alcoholic beverages. Plastic closures, such as screw caps and crown caps, are commonly used to seal containers. Biodegradable materials and paperboard packaging are gaining popularity due to environmental concerns. E-commerce packaging and logistics optimization are essential for efficient supply chain management. Oxygen barriers, UV protection, and moisture barriers are crucial to maintain product quality and shelf life. Recycling programs and the use of recycled materials are also important trends in the market. Innovative packaging designs, such as temperature control, shrink wrap, and digital printing, enhance the consumer experience.
Beverage cans, glass bottles, and aluminum cans are popular packaging formats for various alcoholic beverages. Flexographic printing and offset printing are common techniques used for labeling and branding. Inventory management and supply chain visibility are crucial for businesses to maintain optimal stock levels and meet consumer demand. The market for alcoholic beverage packaging is expected to continue growing due to these trends and the increasing demand for convenient, safe, and sustainable packaging solutions.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The alcoholic beverage packaging market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the alcoholic beverage packaging market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, alcoholic beverage packaging market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Amcor Plc - The Stelvin closure system is a innovative alcoholic beverage packaging solution, gaining industry recognition for its effectiveness in preserving wine's quality and freshness. This technology ensures airtight seals, preventing oxidation and contamination, thereby extending the product's shelf life. The company's commitment to advanced packaging solutions enhances consumer experience and market competitiveness.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Alcoholic Beverage Packaging Market insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
178 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.14% |
Market growth 2024-2028 |
USD 37.5 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
7.75 |
Key countries |
US, Germany, China, France, and India |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Material
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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