The size of the alcohol packaging market is expected to show high growth through 2025, driven by rising consumption of alcoholic beverages around the world. In developing countries, including India, increased urbanization along with increased consumer per capita income will increase alcohol production, contributing significantly to the surge in profits in the alcohol packaging market. The liquor industry is one of the most profitable markets in the world. It generated approximately $1.4 trillion in sales in 2015 and will grow at a significant rate over the forecast period. The industry will also witness a shift in sales from Western countries to emerging markets including Africa and Asia Pacific. For example, alcohol consumption per capita in Australia and the United States in 2015 was about 12.6 liters and 9 liters, respectively. Demand for alcoholic beverages will increase as the volume of alcoholic beverages is high and consumption patterns shift to developing countries. This will have a positive impact on the alcohol packaging market over the next 7 years.
A full report of Alcohol Packaging Market available at https://www.orionmarketreports.com/alcohol-packaging-market/10328/
Alcohol Packaging Market: Segmentation
By Material
• Plastic
• Paper
• Metal
• Glass
• Other Materials
By Package Type
• Bottles
• Metal Cans
• Cartons
• Jars
• Pouches
• Other Package Types
By Product
• Beer
• Spirit
• Wine
• Other Products
Major Players
• Amcor Limited
• Ardagh Group S.A.
• Ball Corporation
• Berry Global, Inc.
• Smurfit Kappa Group
• Stora Enso Oyj
• Gerresheimer AG
• Fiberon, LLC
• DS Smith Plc
• Crown Holdings, Inc
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
