Polyvinyl Alcohol Packaging Market| COVID-19 Impact and Overview
Further, increasing standard of living is another factor detrimental to the ascension noted in the global Polyvinyl Alcohol Packaging market. Packaging of alcohol also offers strong brand visibility and increased brand promotion for manufacturers.
Segmentation
The global Polyvinyl Alcohol Packaging market is analyzed for various segments in the MRFR report. Such segmentation is carried out on the basis of material, packaging, application, and region. Based on material, the global Polyvinyl Alcohol Packaging market is segmented into metal, glass, plastic, and paper & paperboard. The glass segment is expected to hold the largest share of the global Polyvinyl Alcohol Packaging market over the forecast period. Glass is water-resistant, flexible in the shape, and has a chemical inertness. All these features of glass make it a more attractive packaging option, over other materials. Also, alcohol packed in glass lasts for a longer duration.
Based on application, the global Polyvinyl Alcohol Packaging market is segmented into wine, beer, wine, and spirits. Among these segments, the beer packaging segment spearheaded the global Polyvinyl Alcohol Packaging market at the beginning of the forecast period.
Regional Analysis
The global Polyvinyl 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 Polyvinyl 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. North America is followed by Europe, which is expected to hold the second-largest share of the global Polyvinyl Alcohol Packaging market, with Asia Pacific trailing right behind. Increasing levels of alcohol consumption, along with a high purchasing power of consumers is fostering the growth of the Polyvinyl Alcohol Packaging market in Europe. The US and Canada are expected to spearhead the country-specific Polyvinyl Alcohol Packaging market in North America during the forecast period.
Key Players
Some of the distinguished players in the global Polyvinyl Alcohol Packaging market, as mentioned in the MRFR analysis, include Ball Corporation (US), Crown Holdings, Inc. (US), Ardagh Group S.A. (Republic of Ireland)
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