Alcohol Packaging Market Share

Regionally, the global alcohol packaging market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in North America region is projected to hold the largest market share by the end of 2037. The growth of the market in the region can be accounted to higher consumption of wine and a significant change if the perception of social drinking. For instance, the total production of wine in the United States was estimated to be approximately 690 million gallons in 2020 summing up to nearly 8% of the global wine production. Additionally, mounting production of beer and rising penetration of major key players in the region are further projected to propel the growth of the alcohol packaging market positively over the forecast period. In 2021, the total production of beer solely in the United States was estimated to reach about 160 million barrels.