Consumption of alcoholic drinks is witnessing a rapid growth, which is directly influencing the alcoholic drinks packaging market.
The report says an increase in consumer spending on recreational activities, and growth in social acceptance has led to sustained increase in the demand for alcoholic drink products, impacting the packaging market. The drinking culture and special activities like “Octoberfest” has further spurred the demand for alcoholic drinks. Packaging has played an important role, with wide range of offerings by alcoholic drink manufacturers contributing to the market growth. Glass is the major material used for packaging. Plastic packaging is also available in some of the developing countries, and metal cans and PET bottles are also being used for alcoholic drinks packaging.
The social class differences are also seen as drivers for the demand of packaging solutions. The demand for packaging solutions for different alcoholic drinks like wine, whiskey, beer, vodka and others will continue to witness growth in near future. The robust retail market and improving economic activity in some of the major developing countries and North America will drive the consumption of alcoholic drinks.
The report is available from the company’s website.