Alcoholic Beverage Packaging Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The alcoholic beverage packaging market was valued at USD 63.43 billion in 2020 and is expected to reach USD 93.68 billion by 2026, at a CAGR of 5.13% over the forecast period 2021 - 2026. The packaging of alcoholic beverages plays a significant role in the brand promotion of alcohol. The alcoholic beverage industry highlights the innovations, including enhanced branding and unconventional packaging formats, such as paper wine bottles, whiskey pouches, etc.
Key HighlightsThe availability of several players providing packaging solutions for alcoholic beverages has intensified the competition in the market. Therefore, the market is moderately fragmented, with many companies developing expansion strategies.
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