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Increase in alcohol consumption, demand for convenient packaging, and high quality of life are a few factors detrimental to the growth of the market. Alcohol packaging includes primary and second packaging. Various types of materials like glass, metal, plastic and paper & paperboard are used for alcohol packaging. High demand for packaging which offers ease of handling and convenience of consumption is expected to generate growth opportunities for the market. However, stringent rules on alcohol packaging and awareness about adverse affects of alcohol consumption may restrict the growth of the market.
Market Research Analysis
For the purpose of this study, the global Alcohol Packaging Market Share has been divided into three segments: by material, packaging, and application. On the basis of material, the market has been segmented into glass, metal, plastic, paper & paperboard. By material, glass segment accounts for the largest market share. Glass packaging is chemically sterile and helps in restoring the volatility and potency of its contents for a longer duration. Moreover, it can be reused and recycled.
On the basis of application, the market has been segmented as beer, wine and spirits, and others. Beer dominates the application segment of the market and is expected to grow at the highest CAGR during the forecast period. Increase in the consumption of beer and its increasing popularity among the masses, especially younger age groups are driving the growth of this segment.
Scope of the Report
This study provides an overview of the global COVID-19 Impact, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global Alcohol Packaging Market Share by its type, by end user and region.
Key Players
The prominent players in the Alcohol Packaging Market Share include Ball Corporation (US), Crown Holdings, Inc. (US), Ardagh Group S.A. (Republic of Ireland), Fiberon, LLC (USA), Owens Illinois Inc. (US), Berry Global, Inc. (US), Gerresheimer AG (Germany), Nampak Ltd (South Africa), Stora Enso Oyj (Finland), Vidrala S.A. (Spain) and among others.
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https://www.sharepresentation.com/sagark18/paper-paperboard-packaging-market-growth
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