Alcohol Packaging Market Share
Summary
The crippling effect of the global COVID-19 pandemic has detained the growth potential of the Alcohol Packaging Market
Share. This MRFR report on the Alcohol Packaging Market Share indicates critical pointers that may emerge as growth
hubs in the future. Moreover, in-depth data analysis is estimated to offer a clearer growth perspective to market
participants.
Overview
The uptick in global alcohol consumption is estimated to drive the Alcohol Packaging Market Share 2020. The packaging
& transport industry reports are produced by Market Research Future, which highlights market options for expansion. A
4.2% CAGR is observed for the market in the forecast period.
As alcohol consumption has become more widely accepted in a range of countries and societies, the rising alcohol
demand is bound to benefit the Alcohol Packaging Market Share. Moreover, innovation in the packaging materials used
and designs are estimated to encourage the Alcohol Packaging Market Share in the future.
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Key Players
The top companies in the Alcohol Packaging Market Share are Fiberon, LLC (USA), Crown Holdings, Inc. (US),
Gerresheimer AG (Germany), Ardagh Group S.A. (Republic of Ireland), Owens Illinois Inc. (US), Berry Global, Inc. (US),
Nampak Ltd (South Africa), Ball Corporation (US), Stora Enso Oyj (Finland), Vidrala S.A. (Spain) and among others.
Industry Updates
Jan 2020 The alcohol advertising supervisory body has cautioned brands to actively monitor their packaging and past
social media posts following a high number of violations in the final quarter of 2019. Most of the violations were
connected to social media marketing, with packaging that may influence minors and which could be mixed up with soft
drinks were among the complaints maintained.
Segmental Analysis
The segmental study of the Alcohol Packaging Market Share is segmented by packaging, material, region, and
application. Based on the materials, the Alcohol Packaging Market Share has been segmented into plastic, glass, metal,
and paper & paperboard. Based on the region, the Alcohol Packaging Market Share is segmented into North America,
Europe, Asia-Pacific, and the rest of the regions. Based on the packaging, the Alcohol Packaging Market Share has been
divided into primary packaging and secondary packaging. On the basis of the applications, the Alcohol Packaging Market
Share has been segmented into wine & spirits, beer, and others.
Regional Analysis
The regional review of the Alcohol Packaging Market Share includes regions North America, Europe, Asia-Pacific, and the
rest of the regions. North America is expected to grow at the highest CAGR during the forecast period. It is estimated to
be followed by the European and Asia-Pacific regions. The high living standards and soaring consumption of quality
alcohol beverages are estimated to drive the augmentation of the Alcohol Packaging Market Share in the North
American region. The European regional market is the second biggest market for alcohol packaging. The mounting use of
alcohol, together with a towering purchasing power of the consumers, is spurring the impending demand for the Alcohol
Packaging Market Share. The regional markets of Asia-Pacific, the Middle East, and Africa are projected to extensively
add to the Alcohol Packaging Market Share for the duration of the forecast period chiefly due to shifting lifestyle trends
and rising intake of alcohol. COVID-19 Impact
Competitive Analysis
The establishment of robust distribution channels is estimated to define the development of the market in the future.
The investment in robotic elements in the supply chain is estimated to be seen in the future to reduce the impact of the
human capital on the long term market expansion. The state of the market is extremely indecisive due to the effect of
the macro factors operating in the global economy. The stress on enhancing the production potential and upgradation of
the workforce are the top priorities to reinvigorate the development potential of the market in the coming period. The
road to the resurgence of the market is estimated to be extensive and arduous due to the degree of the setbacks it has
suffered. The prospects for growth in the market have to be carefully sought out and examined to ensure that they will
ensure the favorable development of the market in the coming period. The competitors present in the market are
recalibrating their market share to open up new areas of development in the market.
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About Market Research Future
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analyst members.
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