The alcoholic beverage packaging market is projected to grow from USD 78.67 billion in 2025 to USD 132.47 billion by 2034, expanding at a CAGR of 5.8%. This growth is driven by rising alcohol consumption per capita, projected to increase by 17% globally by 2030. Key segments include glass, metal, plastic, and paper packaging, with glass being most popular in North America due to its association with premium spirits. The Asia-Pacific region is seeing rapid growth due to rising disposable incomes and changing consumer behaviors. Major players include Amcor, Diageo, and Tetra Pak, and the market dynamics are shaped by technological advancements, eco-friendly packaging trends, and premiumization of alcoholic beverages.
Key Players in the Alcoholic Beverage Packaging Market: Industry Leaders and Innovators
Recent Developments in the Alcoholic Beverage Packaging Market: Innovations, Trends, and Strategic Moves
- In August 2023, Suntory Oceania, a new AU$3 billion multi beverage cooperation spanning the premium spirits and non-alcohol markets in both Australia and New Zealand, was launched by Beam Suntory and Frucor Suntory.
- In May 2023, EcoSpirits, a circular packaging startup, saw a minority investment from Pernod Ricard. The $10 million funding round headed by New York-based investment organisation Closed Loop Partners included the French wine and spirits corporation's participation in the Singaporean company.
- In August 2023, Tilray Brands declared that it had reached a deal to purchase eight Anheuser-Busch beer and beverage brands, bolstering the company's position in the US craft beer market.
- In August 2023, Crown Holdings Inc. announced the acquisition of Helvetia Packaging AG, a beverage can and end production factory in Saarlouis, Germany.
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