Global Liquid Brick Carton Market 2020 Technology, Future Trends, Opportunities and COVID-19 Impact Analysis 2025 sandiegosun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sandiegosun.com Daily Mail and Mail on Sunday newspapers.
Share this article
Share this article
ALBANY, N.Y., Dec. 10, 2020 /PRNewswire/ The alcohol packaging market has made strides on the back of the changing consumer taste and preferences, especially of beer and liquor. Companies in the alcohol packaging market are relentlessly focused on coming out with environmentally friendly and sustainable packaging. Additionally, they are constantly on their toes on innovating in relation to materials and design to allure consumers.
Rise in demand for convenient packaging in beer, wine, and spirits is a key driver for evolution of the alcohol packaging market. Research analysts at TMR project beer to be the most lucrative application segment, underpinned by affordability of beer. The global worth of the alcohol packaging market stood at US$ 40 Bn in 2017 and is projected to clock CAGR of 5.5% from 2017 to 2025. The valuation is expected to reach US 57.74 bn by the end of 2025.