Market Size of APAC Alcoholic Drinks Packaging Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.85 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Alcoholic Drinks Packaging Market Analysis
Asia Pacific Alcoholic Drinks Packaging Market is expected to grow at a CAGR of 3.85% during the forecast period 2021-2026. Packages are utilized in accordance with the beverages offered. Non-alcoholic drinks are typically offered in bottles, whereas alcoholic beverages are primarily served in cans. As a result, the demand for bottles and cans in beverage packaging is expected to grow as alcoholic beverage consumption rises. Bottles and cans are more convenient to transport and store, making them a popular choice among customers. The demand for bottles and can be packaging in the Asia Pacific Alcoholic Drinks Packaging market is expected to increase as a result of these factors.
- Packaging has played an essential part in market expansion, with alcoholic beverage makers offering a diverse range of products. Consumer expenditure on recreational activities has increased, as has societal acceptability, resulting in a steady increase in demand for alcoholic drink goods, which has impacted the packaging industry.
- As a result, can packaging for beer is becoming more popular, as it offers advantages over the glass in terms of preventing light and oxidation damage, as well as keeping beer fresh for longer periods of time. Customers are frequently provided beverages in metal cans and bottles.
- There is a growing awareness of how plastic packaging is harming marine life, contaminating rivers and seas, and ending up in landfills as non-degradable mounds of rubbish." As a result, more Indians are buying products that are socially responsible, inclusive, and have a low environmental effect.
- To meet rising demand, the firm is diversifying its packaging portfolio to include wine and alcoholic beverages such as rum, whiskey, and vodka, particularly in Asian nations such as India, China, and Japan.
- Hygiene has become more significant in the Asia Pacific as a result of Covid-19. There is a clear movement away from bottles and toward aluminum cans. As a result, aluminum cans are more recyclable and environmentally friendly. " Furthermore, can provide security for government officials while also addressing income leakage. Excise laws in states like Rajasthan and Uttar Pradesh have been changed to allow aluminum cans to be used for packaging spirits."
