$14.38 Bn Spirit Glass Packaging Market to 2027 - Global Analysis and Forecasts by Range of Glass, Color of Glass and Country - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 6, 2019--
The “Spirit Glass Packaging Market to 2027 - Global Analysis and Forecasts by Range of Glass; Color of Glass and Country” report has been added to ResearchAndMarkets.com’s offering.
The Global Spirit Glass Packaging market is accounted to US$ 7,540.3 Mn in 2018 and is expected to grow at a CAGR of 7.6% during the forecast period 2019 - 2027, to account to US$ 14,388.8 Mn by 2027.
The spirit glass packaging market is mainly driven by factors such as a significant shift of the consumers towards premium and super premium packaging products and increasing production of spirit in developed and developing countries. Rising consumption of alcohol further bolsters the demand for spirit glass packaging market.
The global spirit glass packaging market by the range of glass has been segmented into standard, premium, and super premium. Standard glass is the most widely used glass for the packaging of alcoholic products due to the easy availability of the products and lower prices. The standard sprit glass is less expansive as compared to other types of glass products such as premium and super premium glass. However, standard glass packaging has the highest market share in the global spirit glass packaging market as it is the most common form of packaging and most companies prefer these products for packaging wine, beer, and spirit glass products.
On the basis of the color of glass, the global spirit glass packaging market is bifurcated into, bare glass and colored glass. The bare glass bottle is a white crystal bottle used for the packaging of spirit and other alcoholic beverages. It is used for the packaging of spirit due to its characteristics, such as excellent visibility and durability.
Spirit, beer, and wine are packaged in colored glass containers. Glass is substantially inert, and hence lacks chemical reactions, which make it a perfect choice for alcoholic beverages. Currently, there is a higher demand for colored glass packaging for alcohol beverages as color can distinguish a glass container, and protects its contents from unwanted ultraviolet rays. Ultraviolet rays affect the taste of the spirit and beer. Thus, owing to its various advantages and features, many beers and spirit manufacturers prefer colored glass.
A key trend which will mainly affect the spirit glass packaging market in the coming year is the significant shift of consumers towards online buying and growth in several e-commerce portals. These enable the consumers to buy anything being in their comfort zone, and spirits aren’t an exception for that. E-commerce channels that sell spirits and hold the tremendous potential of strong growth from a small base.
The companies are now aware of the importance of packaging to increase their sales, enhance shelf presence, and to boost their marketing performance. Thus, they are making attempts to invest more in package design and in-store advertising. Also, they are also inventing for novel packaging design techniques in order to promote brand image. These factors are expected to gain traction in the coming times having a significant impact of the spirit glass packaging market.
Key Topics Covered:
1.1 Scope Of The Study
1.2 Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.2 Secondary Research
3.3 Primary Research
4. Spirit Glass Packaging Market Landscape
4.1 Market Overview
4.2 Pest Analysis
4.3 Expert Opinions
5. Spirit Glass Packaging Market - Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Upsurge in world consumption of premium spirits
5.1.2 Acceptance of glass material in spirit packaging
5.2 Key Market Restraints
5.2.1 Disadvantages associated with the use glass packaging
5.3 Key Market Opportunity:
5.3.1 Increase in demand for attractive packaging and labeling of alcohol product
5.4 Key Future Trends:
5.4.1 Growing online sell and e-commerce channels
5.5 Impact Analysis
6. Spirit Glass Packaging - Global Market Analysis
6.1 Global Spirit Glass Packaging Market Overview
6.2 Global Spirit Glass Packaging Market Forecast And Analysis
6.3 Market Positioning - Global Top 5 Players Ranking
7. Global Spirit Glass Packaging Market Analysis - By Range Of Glass
7.2 Global Spirit Glass Packaging Market Breakdown, By Range Of Glass, 2018 & 2027
7.5 Super Premium
8. Global Spirit Glass Packaging Market Analysis - By Color Of Glass
8.2 Global Spirit Glass Packaging Market Breakdown, By Color Of Glass, 2018 & 2027
8.3 Bare Glass
8.4 Colored Glass
9. Spirit Glass Packaging Market - Geographical Analysis
10. Industry Landscape
10.1 Merger & Acquisition
10.2 Project Finance
10.3 Research and Development
10.4 Product News
10.5 Corporate Communication
11. Company Profiles
11.1 Key Facts
11.2 Business Description
11.3 Products and Services
11.4 Financial Overview
11.5 SWOT Analysis
For more information about this report visit https://www.researchandmarkets.com/r/5fm86q
View source version on businesswire.com:https://www.businesswire.com/news/home/20191106005449/en/
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INDUSTRY KEYWORD: PACKAGING MANUFACTURING
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 11/06/2019 05:40 AM/DISC: 11/06/2019 05:40 AM