Alcohol Packaging Market Trends

Growth Drivers

• Growing Production and Sales of Beer Across the Globe - As of 2021, the total production of beer was estimated to be about 1.8 billion hectoliters worldwide up from around 1 billion hectoliters in 2018.Beer has been designated as one of the most consumed alcoholic drinks across the globe. Beer is generally produced by extracting raw materials along with water and fermenting. A moderated amount of beer that is nearly 11 ounces can be consumed on a daily basis since higher consumption of beer can cause low blood sugar, vomiting, blackouts, and others. Beer is mostly sold out in cans and glass bottles and requires airless packaging.

• Higher Consumption of Cider to Boost the Market Growth- For instance, in 2020, approximately 11% of cider was consumed solely in the North America region.
• Increasing Prevalence of Spirits Alcohol - In 2021, the total consumption of spirits was estimated to be approximately 4% while around 15 billion liters of spirits were sold out across the globe.
• Escalating Utilization of Paper & Paperboard in the Alcohol Packaging - The production volume of packaging paper and paperboard was estimated at about 200,000 metric tons which reached approximately 240,000 metric tons in 2020.

Challenges

• Possibility of Several Lung Diseases due to Alcohol Consumption
• Disrupted Supply-Chain on account of COVID-19
• Requirement for Higher Initial Investment