The Global Alcohol Packaging Market is on track to experience significant expansion, estimating a revenue growth of USD 31.74 billion between 2023 and 2027. The market size is projected to witness an impressive CAGR of 8.41%. This Alcoholic Beverage Packaging Market growth can be attributed to key factors such as the escalating consumption of alcohol, heightened demand for metal cans from the craft beer sector, and the rising prevalence of PET packaging in the alcoholic beverage industry.
Craft beer enthusiasts are sparking a fizz in the Alcohol Packaging Market, driving a spike in demand for metal cans. Aluminum cans, the superhero of beverage containment, outshine other materials, shielding beer from light and oxygen. Not just guardians of flavor, these cans are eco-friendly warriors, demanding less material for production than their bottle counterparts.
As per Alcohol Packaging Market trends, the rising popularity of standup pouches and bag-in-box packaging is shaping the market. The latter, especially favored for wine, presents advantages such as reduced weight and enhanced portability compared to traditional glass bottles.
Companies like DS Smith are contributing to the growth of the bag-in-box packaging market, which is expected to grow at a CAGR of over 5%. The appeal of these innovative packaging solutions is set to be a driving force in the global alcoholic beverage packaging market.
Alcohol packaging market Outlook (2023-2027)
Market players are adopting diverse strategies, including strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product launches, to fortify their presence in the alcohol packaging market. The competitive landscape analysis includes insights into 15 key vendors, such as Amcor Plc, Ardagh Group SA, Ball Corp., Diageo Plc, and many more.
Comprehensive Report on Alcohol Packaging Market
The Alcohol Packaging Market Rreport offers a detailed analysis of the competitive landscape, encompassing information on market players. Explore all the insights into the Alcohol Packaging Market with our comprehensive report. From crafty cans to innovative solutions, it uncovers the trends and strategies driving the industry forward. Consume insights and maintain a competitive edge in the ever-changing realm of business-oriented beverage packaging.
