Alcohol Packaging Market| COVID-19 Analysis

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Further, increasing standard of living is another factor detrimental to the ascension noted in the global alcohol packaging market. Packaging of alcohol also offers strong brand visibility and increased brand promotion for manufacturers.

Regional Analysis

The global alcohol packaging market is studied for the geographical segments of Europe, North America, Asia Pacific, and the Rest of the World. Among these regions, North America dictated the global alcohol packaging market at the beginning of the forecast period. This can be accredited to the high standard of living of consumers and high consumption of premium alcohol-based beverages in the region.

Segmentation

Based on packaging, the global alcohol packaging market is segmented into primary packaging and secondary packaging. The primary packaging segment is further segmented into cans, bottles, bag-in-box, growlers, liquid brick cartons, and pouches.  The secondary packaging segment is further segmented into folding cartons and boxes. The primary packaging segment is observed to hold dominance over the alcohol packaging market and is also anticipated to witness the highest CAGR over the conjecture period. With a rising demand for convenient packaging for easier consumption and handling, the primary packaging segment is gaining faster acceleration. The secondary packaging segment is also expected to ascend at a fast pace, owing to rising consumption of alcohol.

Based on application, the global alcohol packaging market is segmented into wine, beer, wine, and spirits. Among these segments, the beer packaging segment spearheaded the global alcohol packaging market at the beginning of the forecast period. The segment is projected to retain its dominance over the alcohol packaging market, expanding at the highest CAGR over the forecast period. This can be accredited to the surge in the consumption of beer and upscaling popularity of the same among masses, especially the younger generation.