The global cider packaging market is likely to reach US$ 4058.9 million by 2032, up from US$ 2421.6 million in 2022 advancing at a CAGR of 5.3% during the forecast period.
Market demand for innovative cider packaging is considerable, and the highly wanted millennial demographic has been a major force behind the expansion of hard cider. The growing need for secure packaging is another factor driving the expansion of the cider packaging industry. Additionally, during the time of the forecast, population factors including the western way of life and rising urbanisation are promoting the growth of the world cider packaging market.
Cider packaging has a substantial global market opportunity, and distinct opportunities exist in various countries.
Drivers and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report! https://www.futuremarketinsights.com/reports/sample/rep-gb-2137
Global Cider Packaging Market: Dynamics
Reducing unit cider packagingsize is creating more consumption opportunities.The presence of premium brand such as woodchuck, Kopparberg and angry orchard has increased the demand for premium quality cider packaging. Premium cider packagingbrand are high in demand as compared to economically priced product due to rise in consumption of alcohol as a status symbol, disposable income and association of premium labels with the beverage quality and taste.
cider packaging market is highly competitive which led competitors to come up with innovative product and new strategy in packaging world.The vendors in cider packaging are coming with bottles prepared with a high barrier coating technology to upturn its shelf life and minimize the risk of saturation. With the technological innovations in the cider packaging market, there is increasing demand for water-based coating technology as it is environmentally-friendly, tasteless, odorless and decreases the usage of sprig powder. The global demand of cider packaging is expected to grow at impressive CAGR in near future
Global Cider Packaging Market: Regional Overview
North America cider packaging market is expected to register strong growth in near future while cider packaging market is expected to slowdown in largest market of Europe. Europe market is focusing in innovative packaging so that product become more appealing to consumers. The launch of low calorie and craft cider in Europe is expected to create demand in new cider packaging product which can add volume sale in this region.
Cider packaging market in Asia Pacific region is expected to show nominal growth during forecast period. Middle East and Africa is expected to dominate the cider packaging market in near future and projected to account highest market share.
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Why is Europe Anticipated to Dominate the Cider Packaging Market?
Europe is likely to be at the forefront of the cider packaging market with a share of 34% in 2022. Europe market is focusing in innovative packaging so that product become more appealing to consumers.
The launch of low calorie and craft cider in Europe is expected to create demand in new cider packaging product which can add volume sale in this region. Additionally, the acceptance of alcohol in beverages in smaller amounts is increasing, which is boosting the adoption of cider packaging over the forecast period. The increased consumption of cider in the U.K. is predicted to drive the expansion of the cider packaging market in Europe.
Recent development:
In an effort to grow its operations in the Americas, US-based packaging business Berlin Packaging has acquired Canadian glass bottle and closure distributor United Bottles & Packaging.
Including packaging for spirits, wine, beer, and cider, United Bottles & Packaging provides bottles and closures for food and both alcoholic and non-alcoholic beverages.
Key players
- Amcor limited
- Ardagh group
- Ball corporation
- Crown Holdings
- Rexam Owens-Illinois
- Plastipak Packaging
- Silgan Holdings
- Consol Glass
- Vetropack
- Allied Glass Containers
- Can-Pack
- MeadWestvaco
- Nampak
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Key Segments Profiled in the Cider Packaging Market Survey
By Material Type:
- Glass
- Plastic
- Metal
By Packaging Type:
- Bottles
- Cans
- Stand-Up Pouches
By End Use:
- Veterinary Pharmacies
- E commerce
- Veterinary Clinics
- Veterinary Hospitals
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