The global alcoholic beverage packaging market size to surge from USD 66.68 billion in 2022 to reach 116.63 billion by 2032, at a progressing CAGR of 5.8% between 2023 and 2032.
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Alcohol, a fascinating molecule with a long history of ancient civilizations, has seen extraordinary transformations over the centuries. Alcoholic beverage transportation and storage vessels have changed substantially, from rudimentary hollowed-out gourds and clay flasks to more sophisticated glass bottles. Cans, bag-in-boxes and pouches have recently been added to the list of containers, reflecting advances in packaging technology and different consumer preferences. Alcoholic beverage production, marketing and consumption are all dynamic industries that adapt to shifting consumer needs and embrace cutting-edge technology. The growth of the alcohol industry is seen in the wide range of available packaging alternatives, as well as in the production processes and marketing strategies used. The alcohol market is shaped by the dynamic interplay between tradition and innovation as producers aim to satisfy a sophisticated and modern consumer base.
Globally, per-capita alcohol consumption rose from 5.9 liters in 1990 to 6.5 liters in 2017. Additionally, it is anticipated that for the next 13 years, alcohol consumption per person will increase by 17%, reaching 7.6 liters in 2030. The increased consumption of alcoholic beverages is the primary driver of the packaging market’s growth.
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