A new report by Transparency Market Research (TMR) offers an all-inclusive assessment of the global market for alcohol packaging. The research report is titled “Alcohol Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024.”
Browse the Full report at:http://www.transparencymarketresearch.com/alcohol-packaging-market.html
According to the research report, the demand for alcohol packaging is mainly being driven by the substantial rise in alcohol consumption across the world. Besides, the growing demand of consumers for convenient and easy-to-open packaging for alcoholic beverages is expected to boost the worldwide market for alcohol packaging remarkably in the coming years.
In this research study, the global market for alcohol packaging has been broadly analyzed on the basis of the type of alcohol, the material used, and the packaging format. By the type of alcohol, the report has categorized the global market into wines, beers, and spirits. Based on the material used, this market has been classified into PET bottles, glass bottles, metal cans, and paper bottles. On the basis of the packaging format, the market has been segmented into ace of spades, single and double whiskey pouches, ceramic beer bottle, machine gun-shaped liquor bottle, and wood-fiber beverage bottle.
Based on the region, the global market for alcohol packaging has been classified into Europe, Asia Pacific, Latin America, North America, and the Middle East and Africa. Currently, Asia Pacific holds the leading position in this market, thanks to the high demand for alcoholic beverages. China and India are among the key consumers of alcohol in this region and, thus, have emerged as the leading contributors to the Asia Pacific alcohol packaging market.
North America has acquired the second position in this market. Alcoholic beverages have traditionally been part of the food culture in countries such as the U.S. and Canada. Owing to this, the demand for alcohol packaging products in this region is significantly high, notes the market study.
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Europe is expected to witness a robust rise in the demand for alcoholic beverages, thereby escalating the need for alcohol packaging products in the near future. On the other hand, the Middle East and Africa is likely to expand at a moderate rate in the near future, as the alcoholic beverages industry in this region is at a nascent stage, states the research report.
As mentioned in the study, O-I, Brick Packaging LLC, Vetreria Etrusca Srl Orora Packaging Australia Pvt. Ltd., United Bottles & Packaging, Encore Glass, Creative Glass, and AAC Inc. are the key participants in the global market for alcohol packaging.
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