The global bottle carriers market size was valued at around US$ 546 Mn in 2021 and is projected to exhibit growth at a CAGR of 4.7% from 2022 to 2032. The market is anticipated to reach a valuation of US$ 895 Mn by 2032.
During the forecast period, the bottle carriers market revenue is expected to create an incremental opportunity of US$ 328 Mn during 2022-2032. Ongoing expansion of the food & beverage sector is set to drive demand for bottle carriers.
In order to boost sales, retailers are employing bottle carriers to make it as simple as possible for customers to purchase multiple bottles at a time. Bottle carriers are simple to use and provide customers with the freedom to shop across various product categories, brands, and bottle sizes.
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Bottle carriers are also used by manufacturers for marketing activities. Some of the companies are focusing on providing a practical pack with a strong shelf life. Bottle carriers give companies a chance to stand out from the competition and boost sales.
Moreover, bottle carriers are made of corrugated cardboard or solid board with an integrated handle and are intended to transport two to six bottles of the same size and shape safely. These carriers may be assembled quickly as they are pre-glued. Therefore, the need for consumer convenience is creating new growth opportunities in the global bottle carriers market.
The bottle carriers market grew at a CAGR of 3.7% in the historic period of 2015-2021. Today’s global packaging market is changing at a rapid pace, which would lead to rising demand for customized items and products that are easy to carry. Customers can purchase many bottles from a retail store since bottle carriers are simple to use. It is further anticipated to boost the retailer’s revenue. Bottle carriers are extensively used in industries like food and beverage and healthcare.
The bottle carriers market is expanding in the Asia Pacific region owing to ongoing expansion of the beverage industry across China and India. Backed by the need for practical packaging, the market for bottle carriers is anticipated to expand in the region. Traditional divider inserters are included in these carriers to prevent breakage and make it simple for consumers to transport numerous bottles together for different end uses.
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To enable consumers to handle even heavier bottles, several producers are emphasizing on boosting the strength of their in-house bottle carriers. Due to their ease of handling, bottle carriers are becoming more popular in various parts of the globe. Considering all the above-mentioned factors, the bottle carriers market is expected to grow at a CAGR of 4.7% from 2022 to 2032 and create an incremental opportunity of US$ 328 Mn over the next decade.
Top Trend Pushing Sales in the Bottle Carriers Market
- Mass Production of Alcoholic Beverages
Rapid growth in alcoholic beverage consumption in various parts of the world with rising disposable income in developing nations and increasing spending on social activities in contemporary communities are projected to boost the bottle carriers market share in the next decade. Alcohol consumption has become socially acceptable and normalized in today’s culture as evidenced by its prevalence at social events, nightclubs, lounges, and other informal settings.
More than any previous generation, millennials are currently exposed to alcohol consumption. Owing to the high demand from millennials, bottle carriers are one of the most common packaging solutions used by beverage manufacturing companies. Bottle carriers are widely used for comfort arrangements and brand expansion, which helps to create an exceptional impression in the customer’s mind. These factors are estimated to push the global bottle carriers market in the next decade.
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