Market Size of US Alcoholic Drinks Packaging Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.50 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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US Alcoholic Drinks Packaging Market Analysis
The United States alcoholic drinks packaging market will register a CAGR of 5.5% during the forecast period. The packaging of alcoholic beverages plays a significant role in the brand promotion of alcoholic drinks. It helps brands communicate with their consumers who can touch and feel the product through the packaging.
- The growth of the market depends on serval factors, including the rising consumption of alcohol, the growing demand for metal cans from the craft beer industry, and the increasing use of PET packaging in the alcoholic beverage industry.
- Alcoholic beverage packaging is evolving significantly in terms of design, robustness, and to-go possibilities. Alcohol producers are seeking for innovative ways to represent their brand, reduce carbon emissions, and offer suitable take-out containers.
- Additionally, producers of alcoholic beverages regularly release new products and flavor additions, increasing usage and propelling the market for alcoholic beverage packaging.
- The region's alcoholic beverage packaging market growth is being severely hampered by the growing cost of energy and raw materials, which raises the cost of manufacturing packaging.
- During the outbreak of COVID-19, the market studied faced slow growth due to lockdowns imposed by various countries that have disrupted the supply chain process and the closure of production plants in some countries to curb the effect of the virus.
