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APAC Alcoholic Drinks Packaging Market

2024-10-0900

APAC Alcoholic Drinks Packaging Market Analysis

The APAC Alcoholic Drinks Packaging Market size is worth USD 18.47 Billion in 2025, growing at an 6.30% CAGR and is forecast to hit USD 25.08 Billion by 2030.

•The demand for bottles and cans in beverage packaging is expected to grow as alcoholic beverage consumption rises in the region. Bottles and cans are more convenient to transport and store, making them popular among customers. Due to these factors, the demand for bottles in the Asia-Pacific alcoholic drinks packaging market is expected to increase.

•Packaging has been essential in market expansion, with alcoholic beverage makers offering diverse products. Consumer expenditure on recreational activities has increased, as has societal acceptability, resulting in a steady increase in demand for alcoholic drink goods, impacting the packaging industry.

•Glass has emerged as one of the fastest-growing alcohol packaging materials due to its recyclability, reusability, and neutral reactivity. Also, the rising popularity of metal cans drives the alcohol packaging market. Metal cans are packaging containers for storing and distributing alcoholic beverages. Its strength and stiffness make filling cans faster and easier without losing alcohol.

•Furthermore, various factors influence the alcohol market in the region, including festivities, urbanization, women's empowerment, rising numbers of young people who tend to socialize, etc, push the market growth. Moreover, a lot of growth from new alcoholic drinks categories like light beer, wines, light alcoholic beverages, liqueurs, and single malts also pushed the packaging market in the region over the forecast period.

APAC Alcoholic Drinks Packaging Market Trends

Significant Growth in Metal Packaging to Boost the Market

Beer is expected to take a significant share of the market.

APAC Alcoholic Drinks Packaging Industry Overview

The Asia-Pacific alcoholic drinks packaging market is moderate with the presence of major players. Some of the major players in the market are Amcor Group GmbH, Crown Holdings, Inc., Ball Corporation, AGI Glaspac, Berry Global Inc., and others. Some recent strategic initiatives made in this sector are:

•August 2023 - Crown Holdings Inc. announced the acquisition of Helvetia Packaging AG, a beverage can and end manufacturing facility. The acquisition of the Saarlouis plant will expand Crown's beverage can network, with an annual capacity of around 1 billion units. As part of the agreement, Crown will take over the existing Helvetia customer base and associated contracts at closing.

•July 2023 - Amcor Rigid Packaging (ARP) launched 100% recycled polyethylene terephthalate (rPET) packaging for Ron Rubin Winery’s new BLUE BIN wine range. The range is 750 ml in a bottle. In addition to reducing greenhouse gas emissions compared to conventional wine packaging, rPET packaging offers many environmental advantages.

APAC Alcoholic Drinks Packaging Market Leaders

  1. Crown Holdings, Inc.

  2. Ball Corporation

  3. Amcor Group GmbH

  4. AGI Glaspac

  5. Berry Global Inc.

  6. *Disclaimer: Major Players sorted in no particular order

APAC Alcoholic Drinks Packaging Market News

•March 2024 - Absolut Vodka introduced a new orange peel flavor to the Chinese market, aiming to local culture with global trends. This latest addition to their night shots range marks the brand's commitment to innovation and adaptation.

•September 2023 - Two of China's most well-known beverage firms, Luckin Coffee and Kweichow Moutai, teamed up to introduce an inventive alcoholic latte that appealed to coffee and booze connoisseurs.

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