The global bottle shippers market is anticipated to reach a valuation of US$ 4.7 billion in 2023, driven by expanding eCommerce and direct-to-consumer sales. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 2.5% between 2023 and 2033, and reaching a total valuation of approximately US$ 6.0 billion by 2033.
One of the major factors contributing to the growth of the bottle shippers market is rise of sustainable packaging solutions. Sustainability has emerged as a pivotal factor driving the packaging industry’s transformation. Consumers are increasingly eco-conscious and seek products with minimal environmental impact.
The trend has compelled manufacturers to develop bottle shippers made from recyclable, biodegradable, or renewable materials. Sustainable packaging options align with consumers’ preferences and contribute to a positive brand image. The demand for eco-friendly bottle shippers is anticipated to soar, bolstering the market’s growth, as sustainability gains prominence.
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The craft beverage industry, including craft beers, artisanal spirits, and small-batch wines, has witnessed remarkable growth and consumer interest. The premium beverages require specialized bottle shippers that provide optimum protection during transportation. Craft beverage manufacturers are increasingly seeking custom-designed bottle shippers to cater to the unique shapes and sizes of their products. The expansion of the craft beverage sector is a significant driving force behind the demand for tailored bottle shippers.
The international wine trade has experienced steady growth, with wine being shipped across borders and continents. Wine bottles need robust and secure packaging to withstand the challenges of long-distance transportation. Wine tourism is gaining popularity, with consumers visiting wineries and vineyards. The wineries often sell wine bottles to tourists, necessitating attractive and visually appealing bottle shippers for retail sales. The combination of global wine trade and wine tourism creates a substantial demand for specialized bottle shippers, fostering market growth.
Key Takeaways from the Market Study
- Global bottle shippers market was valued at US$ 4.6 billion by 2022-end.
- From 2018 to 2022, the market demand expanded at a CAGR of 1.2%.
- Asia Pacific is expected to hold a dominant CAGR of 2.4% during the forecast period.
- By product type, the corrugated boxes segment is expected to constitute a CAGR of 2.4% in 2033.
- On the basis of application, wine segment is expected to dominate the market with a CAGR of 2.4% in 2033.
- From 2023 to 2033, bottle shippers market is expected to flourish at a CAGR of 2.5%.
- By 2033, the market value of bottle shippers is expected to reach US$ 6.0 billion.
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Technological advancements in packaging across the globe is a major factor that is expected to propel the growth of the bottle shippers market in the near future, remarks an FMI analyst.
Competitive Landscape
Prominent players in the bottle shippers market are Sonoco Products Company, DS Smith Plc., Western Pulp Products Company, RADVA Corporation, Packaging Services Industries, and Saxon Packaging Limited, among others.
- Packaging Services Industries: Packaging Services Industries (PSI) is a packaging manufacturer that provides a diverse range of packaging solutions, including bottle shippers. The company offers specialized bottle shippers with advanced cushioning and secure closures to protect bottles during shipping.
- Saxon Packaging Limited: Saxon Packaging is a UK-based packaging manufacturer specializing in custom packaging solutions. The company offers tailor-made bottle shippers designed to fit specific bottle types, providing maximum protection and branding opportunities for their clients.
More Valuable Insights Available
Future Market Insights offers an unbiased analysis of the global bottle shippers market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the bottle shippers market, the market is segmented on the basis of product type (crates, trays, corrugated boxes, and cartons), by material type (paper board, wood, plastic, and foam), by and application (dairy products, wine, sauce, juices, beer, and oil), across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & Africa (MEA)).
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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