DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Alcoholic Beverage Packaging Market 2016-2020" report to their offering.
The global alcoholic beverage packaging market to grow at a CAGR of 4.81% during the period 2016-2020.
Global Alcoholic Beverage Packaging Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Many alcoholic beverage packaging companies have started the use of stand-up pouch packaging. Sustainable stand-up pouches are eco-friendly as they are non-toxic and biodegradable. These pouches are also efficient in protecting the quality and essence of the product inside. The global stand-up pouch market was valued at $6.03 billion in 2014. The increased use of pouch packaging is expected to propel the growth of global alcoholic beverage packaging market during the forecast period.
According to the report, increased use of sustainable packaging will be a key driver for market growth. Manufacturers in the alcoholic beverage packaging industry not only develop products to preserve packed alcoholic beverages, but also aim to protect their quality for longer periods. There is also an increase in demand for packaging material that is eco-efficient. Sustainable packaging offers several advantages to alcoholic beverage packaging manufacturers such as reduced weight of packaging products and increased reuse of packaging materials.
This type of packaging also encourages manufacturers to recycle packaging, and helps to increase the volume of recycled content in new packaging. Many companies, including Carlsberg and Heineken, have been using materials that are sustainable. This has resulted in manufacturers gaining a competitive advantage. Hence, increased use of sustainable packaging is predicted to boost the alcoholic beverage packaging market during the forecast period.
Growing prices of raw materials such as plastic resins increase the manufacturing cost of plastic packaging as well as reduce vendor margins. For instance, the price of polypropylene was $39.8 per kg in 2013, which increased by 7.64% to $42.84 per kg in 2014. The prices of wood have risen by 10%-15% from 2013, which has led to an increase in the prices of paper pulp. In July 2014, the average price of paper pulp reached $832 per metric ton, which was an 1.84% increase from June 2014.
- Tetra Laval
Other prominent vendors
- Allied Glass Containers
- Crown Holdings
- Plastipak Packaging
- Consol Glass
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market opportunity assessment
Part 07: Market segmentation by material
Part 08: Geographical segmentation
Part 09: Market drivers
Part 10: Impact of drivers
Part 11: Market challenges
Part 12: Impact of drivers and challenges
Part 13: Market trends
Part 14: Vendor landscape
Part 15: Appendix
For more information visit http://www.researchandmarkets.com/research/8kvwxh/global_alcoholic