Market Trends of APAC Alcoholic Drinks Packaging Industry
This section covers the major market trends shaping the APAC Alcoholic Drinks Packaging Market according to our research experts:
Significant Growth in Aluminum Packaging Business in India
- The market for alcoholic beverages packaging researches market segmentation based on several materials such as plastic, paper, glass, aluminum, and metal. It also covers product kinds such as bottles, cans, pouches, cartons, and similar containers. Furthermore, the market analysis considers several factors, including sustainability, beverage product production rates, supply and demand, and the influence of COVID-19 on the market. Furthermore, the market's reach is broad and restricted to Asia-Pacific.
- Ball Corporation, Tetra Pak, Amcor Plc, and other companies foresee a significant increase in their aluminum packaging business in India. New categories like whiskey, wine, and hard spirits move to aluminum cans because of their sustainable nature. Other drinks that can be packed in aluminum cans are being considered by regulatory authorities BIS and FSSAI.
- Furthermore, businesses are investing in the future of aluminum packaging because they understand the significant impact of choosing endlessly recyclable beverage packaging on communities and the environment. Companies are actively pursuing expanded categories in India, encompassing a considerably broader range of alcoholic beverages. The companies are also looking at the regulatory developments closely and hope to see a more favorable environment for cans. This augurs well for a country looking to bring down the use of plastics.
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Beer is expected to take a significant share of the market.
- Beer consumption has risen at an exponential rate in recent years. With more than 20 million people reaching the legal drinking age each year, India remains one of the world's major beer markets. United Breweries, India's largest beer manufacturer and maker of the well-known Kingfisher brand, has recently announced the release of their latest Kingfisher Instant Beer. The product is packaged in a box with two sachets.
- The glass bottle with a crown closure is the traditional beer packaging material in the region. Because glass is widely utilized in alcohol packaging, demand is likely to rise throughout the projection period. Furthermore, glass prices substantially influence the margin profile of alcohol industries, which swings in response to crude oil price fluctuations.
- Manufacturers are rapidly adopting various packaging materials into their manufacturing processes due to the unpredictable margins. PET bottles for both alcoholic and non-alcoholic beer packaging are a new development. Non-tunnel pasteurized, one-way tunnel pasteurized, and returnable/refillable PET beer bottles were utilized. Compared to PET used in carbonated soft drinks, beer requires a high CO2 and O2 barrier performance (CSD). The needed amount is determined by the type of beer, container size, distribution methods, and weather conditions (storage time, temperature, and humidity levels).
- Furthermore, gluten-free beers are becoming increasingly popular in this region. Beer consumption is also increasing at over 6% per year in China, India, and Vietnam. As a result, rising innovation in tastes and preparations is anticipated to stimulate demand for beer, resulting in the growth of beer cans.
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