Rising shift of customer preference from plastics-based packaging and increasing inclination towards adopting sustainable packaging materials across the beverage industry is propelling the demand for glass bottles, owing to their recyclability and bio-degradability.
Rising shift of customer preference from plastics-based packaging and increasing inclination towards adopting sustainable packaging materials across the beverage industry is propelling the demand for glass bottles, owing to their recyclability and bio-degradability.
NEWARK, Del: The global glass liquor bottles market was worth US$ 4 Billion in the year 2022 and is expected to reach US$ 6 Billion by the year 2032 at a CAGR of 4-5% between 2022 and 2032.
Glass liquor bottles make way for more luster in comparison with the other packaging materials like metal and plastic, thereby providing an appealing look to retail shelves. Glass liquor bottles of different types do offer unique, antique-style, classy, and high-end ornamental industrial standards to the liquors. Distilled spirits and alcoholic beverages are going for adoption of glass liquor bottles for efficient packaging as they end up having a better consumer appeal.
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The last few years have seen product design and packaging material gaining importance across nearly all the consumer-centric verticals, with beverage vertical in particular. It is a forgone inference that glass bottles do enhance the beverage’s overall look apart from addition of richness and provision of protection from the external factors.
The consumers are also seen shifting to glass from plastics-based packaging due to biodegradability and recyclability. As per the Pan American Health Organization, close to 155 Million adults all across the US do consume alcohol at periodic intervals. The other aspect of the study is that yearly per capita alcohol consumption amongst those aged 15 and above was 8 liters in the year 2020 alone.
At the same time, the fact that several awareness campaigns are being organized regarding the health adversities caused by consumption of alcohol like dementia, stroke, fibrosis, liver diseases, and alcoholic hepatitis can’t be ignored. Plus, glass bottles are subject to breakage at the time of transit and are also prone to damage due to sunlight. There are also low-cost substitutes like plastics, metal, and various others, which could restrain the glass liquor bottles market in the near future.
Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Glass Liquor Bottles Market’. It has its team of analysts and consultants to execute using a bottom-up approach across the macros and micros.
“With premiumization at its peak, the global glass liquor bottles market is likely to grow on a stupendous note in the forecast period”, says an analyst from Future Market Insights.
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Key Takeaways from Glass Liquor Bottles Market
Competitive Landscape
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By Glass Type:
By Capacity:
By Application:
By Region:
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Table of Content
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
Click Here for Glass Liquor Bottles Market 250 pages TOC Report
About the Packaging Division at Future Market Insights
The packaging division at Future Market Insights provides an in-depth historical analysis and projections for the next ten years and covers the competitive landscape through a unique dashboard view. Ranging from packaging materials, and packaging machinery to packaging designs & formats, Future Market Insights has an exhaustive database for these industry verticals, serving clients with unique research offerings and strategic recommendations. With a repository of 1,000+ reports, the team has analysed the packaging industry comprehensively in 50+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help.
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Glass liquor packaging refers to the use of glass bottles to contain and preserve alcoholic beverages, providing benefits such as recyclability and an appealing aesthetic.
CAGR stands for Compound Annual Growth Rate, which represents the mean annual growth rate of an investment over a specified time period longer than one year.
Distilled spirits are alcoholic beverages produced by distillation, which involves heating a fermented liquid to separate alcohol from water and other components.
Sustainable packaging refers to packaging solutions that are environmentally friendly, often made from recyclable or biodegradable materials to reduce waste and environmental impact.
Consumer preferences refer to the tastes and choices of consumers regarding products, which can influence market trends and demand.
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