Alcohol Packaging Market Size

Alcohol Packaging Market size was valued at USD 11.56 Billion in 2023 and is expected to exceed USD 22.07 Billion by the end of 2036, registering over 5.1% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of alcohol packaging is evaluated at USD 12.09 Billion.The growth of the market can primarily be attributed to the rising consumption of alcohol across the globe. Based on the report published by the World Health Organization (WHO), the total consumption of alcohol was stated to be around 6.2 liters per person aged 15 or above in 2018.

Global alcohol packaging market trends such as, the rising demand for alcohol packaging in the soft drinks industry are projected to influence the growth of the market positively over the forecast period. It is estimated that in 2022 about USD 3 billion of revenue was generated by the soft drink segment alone. Additionally, significant growth in disposable income worldwide is further estimated to hike the growth of the market during the forecast period. As per the data provided by the World Bank, it was stated that in 2020, the adjusted net national income hit approximately USD 8,784 per capita. Hence, such factors are anticipated to push the growth of the market during the forecast period.