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Wine Packaging 2022 Global Market – Challenges, Drivers, Outlook, Segmentation – Analysis to 2030

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Wine Packaging 2022 Global Market – Challenges, Drivers, Outlook, Segmentation – Analysis to 2030

April 21
13:37 2022
Wine packaging market to grow at a CAGR of 5.5% through 2030 | Global wine packaging market analysis by container, bulk packaging, closure, accessories and region with forecast by 2030 | Wine packaging industry overview

Market Overview

The wine packaging market is expected to grow at a CAGR of 5.5%. The wine packaging market value was USD 3033.74 million during the historic forecast period. It is expected to reach USD 3810.48 Million during the forecast period. The packaging of wine is changing. Younger individuals choose this since they enjoy drinking wine at music festivals, social gatherings, and athletic events. These consumers are opting for wine packaged in cans, pouches, and compact bag boxes rather than the typical wine bottle.

Throughout history, only a few viruses have been deadly and destructive enough to alter the world’s nature and destiny. One of these viruses is COVID-19. COVID-19’s one-of-a-kind nature alarmed governments and public health professionals. The majority of persons who were infected with COVID-19 recovered completely. The problem was that some patients, particularly those who were asymptomatic, could develop it again after they had healed. Some persons who healed from COVID-19 have long-term health problems. These are the reasons why lockdowns and quarantines were established around the world last year. Not all firms, however, faced the same fate. Others struggled, while others flourished. The wine packaging sector was classified as part of the second category.

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Market Segmentation

Based on the container, the Wine Packaging Market are Glass bottles, Plastic bottles, Bags in a container, and Others.

Based on the bulk packaging type, the Wine Packaging Market are IBCs, Flexitanks, Drums, and Others.

Based on the closure, the Wine Packaging Market are Natural corks, Aluminum screw caps, synthetic corks, and Others.

Based on the accessories, the Wine Packaging Market are Boxes and carriers, Labels, and Others.

Based on the Region, the Wine Packaging Market are North America, The European Union, Asia-Pacific, and The Rest of the World.

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Regional Classification

The North American region and the European Union have the biggest market share for wine packaging. Organic wines are currently very popular in North America since they are both environmentally beneficial and healthy to drink. In this location, both domestic and international wines are widely enjoyed. Because the wine market is nearing maturity, regular growth from tapping into new markets is beginning to slow. Rather, wine producers are experiencing the most growth in the wine packaging industry by focusing on customers who drink at least one glass of wine many times each week. In North America, the millennial generation favors wine over the conventional alcoholic beverage, beer. They are also starting to get more prosperous. As a result, they have more money to spend on new and exotic wine types, which are also more expensive. Indeed, wine packaging producers are being forced to invest extensively in research and development to develop newer and more inventive wine packaging due to the changing tastes and preferences of the millennial population in terms of wine packaging. In the Asia-Pacific area, wine consumption is on the rise, particularly in India and China. The fact that there is a growing middle class with increasingly Westernized preferences and lifestyles, as well as increased income, is the fundamental reason for this.

Industry News

The major key players in the market are Amcor Limited, Ardagh Group SA, Avery Dennison Corporation, Ball Corporation, CCL Industries Incorporated, Encore Glass Incorporated, Excel Group, and G3 Enterprises Incorporated. Hoover Container Solutions Incorporated, Enoplastic SPA, Maverik Enterprises Incorporated, Multi-Color Incorporation, Owens-Illinois Group Incorporated, Smurfit Kappa Group, and Gerresheimer Moulded Glass GmbH.

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