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Alcohol Packaging Market

Alcohol Packaging Market

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Alcohol Packaging Market

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  1. Alcohol Packaging Market 2022: Leading Players, Segments Analysis and Growth Drivers by 2028

  2. Global Market Scenario of Alcohol Packaging Industry Alcohol Packaging Market Size is expected to be around USD 75 billion by 2028. Favorable trends associated with alcohol production will benefit industry expansion in the future. Some major findings of the alcohol packaging market report include: The metal segment growth is attributed to its durability and sustainability. The wine segment from alcohol packaging industry will grow steadily during the forecast period due to increasing popularity across developing countries. Amcor plc, Ball Corporation, DS Smith, Brick Packaging LCC, Crown Holdings, TetraPak, Owens Illinois, and Berry Global, Inc. key players in the alcohol packaging market.

  3. Continue:- The development of innovative alcohol packaging solutions can have a tremendous positive impact on the alcohol packaging market growth. Alcohol packaging manufacturers are coming up with new & enhanced packaging solutions to stay ahead of their competitors. The development of the Bordeaux-style bottle is one such example. Similar to a bag-in-box and molded with moisture & heat into shape, the bottle is a recycled paperboard fused with water-based glue. It is 94% chemical-free and is capable of resisting spills, breakage & humidity, which makes it suitable for wine packaging. Some manufacturers are focusing on manufacturing returnable glass bottles, which will be reused ten times and also reduce carbon footprints. The development of plant-based PET bottles for alcohol packaging is also in the pipeline to reduce the negative impact on the environment. The alcohol packaging market is segmented based on material, alcohol, and packaging. The metal segment is expected to reach around USD 20 billion by the end of the forecast period.

  4. Request for sample copy of this research report@ https://www.gminsights.com/request-sample/detail/2796

  5. 360° Industry Analysis Request for customization:https://www.gminsights.com/roc/2796 Metal plays an important role in alcohol packaging. It is mostly used in the form of cans and provides protection against external influences. It is easy to fabricate and is highly resistant to an acidic environment, which makes it suitable for wine packaging. Packaging made of aluminum are shatterproof, unbreakable, durable, and provide a premium look to alcohols. It is lightweight, thus curtailing the transportation cost. Cans made of aluminum & steel are most commonly used for alcohol packaging. Metal helps in reducing the carbon footprint and is highly recyclable. The wine segment will capture over 10% share by 2028 in alcohol packaging market. Wine is rich in antioxidants, thus reducing oxidative stress. The anti-inflammatory properties of wine help in combating inflammation. It also reduces the risk of depression and promotes healthy gut bacteria. Consumers prefer wine with food as it enhances the food taste. Owing to these benefits, wine is one of the most popular alcoholic beverages across the globe. Thus, the rising demand for wine will augment the segment growth.

  6. Competitive Analysis: Secondary packaging will witness around 2% CAGR over the forecast timeframe as it plays an important role in offering physical & barrier protection, secondary containment, and adherence to regulations. The packaging helps in attracting the customers as it is the first thing that the customers see. Some of the common examples of secondary packaging are cardboard boxes, cardboard or plastic crates, trays, paperboard cartons, trayed PET and glued cardboards containing cans and bottles. The Europe region will witness around 1.5% CAGR in terms of volume. The presence of well-established and technologically advanced machineries for alcohol packaging will favor the market growth. Changing lifestyle coupled with rising disposable income is escalating alcohol demand, thereby supporting the industry growth.

  7. Title Latest Research Report On Alcohol Packaging Market @ https://www.gminsights.com/industry-analysis/alcohol-packaging-market Request for sample of this research report@ https://www.gminsights.com/request-sample/detail/2796 Request for customization: https://www.gminsights.com/roc/2796

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