Alcohol Soluble Packaging Market to Grow at an Impressive CAGR of 3.50% to Reach a Valuation USD 3.63 Billion by 2029
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Market Analysis and Insights of Alcohol Soluble Packaging Market
Sustainable packaging has become a new horizon for manufacturers and consumers in recent years. When it comes to purchasing products, modern consumers are increasingly concerned with issues such as sustainability, the environment, ethics, safety, quality, and product costs. Sustainable packaging regulations also enforce a number of these issues, which is expected to benefit the global alcohol soluble packaging market.
Data Bridge Market Research analyses that the alcohol soluble packaging market which was growing at a value of 2.76 billion in 2021 and is expected to reach the value of USD 3.63 billion by 2029, at a CAGR of 3.50% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Alcohol Soluble Packaging Market Scope and Segmentation
REPORT METRIC | DETAILS |
Forecast Period | 2022 to 2029 |
Base Year | 2021 |
Historic Years | 2020 (Customizable to 2014 - 2019) |
Quantitative Units | Revenue in USD Billion, Volumes in Units, Pricing in USD |
Segments Covered | Product (Beer, Wine, Distilled Spirits, Others), Packaging (Plastic Bottles, Glass Bottles, Tins), Distribution Channel (Convenience Stores, On Premises, Liquor Stores, Grocery Shops, Internet Retailing, and Supermarkets), Application (Food and Beverages, Pharmaceuticals, Agriculture, Chemicals, Water Treatment) |
Countries Covered | U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
Market Players Covered | Bayer AG (Germany), H.C. Starck GmbH (Germany), AGC SEIMI CHEMICAL CO., LTD. (Japan), BASF SE (Germany), DuPont (U.S.), Merck & Co., Inc. (U.S.), Evonik Industries AG (Germany), Sumitomo Chemical Co., Ltd. (Japan), Heliatek GmbH (Germany), Novaled GmbH. (Germany), AU Optronics Corp., (Taiwan), Graphic Packaging International, LLC (U.S.), WestRock Company. (U.S.), Smurfit Kappa (Ireland) and Krones AG (Germany), Amcor plc (Switzerland), Graham Packaging Company. (U.S.), Sonoco Products Company (U.S.), Parker Hannifin Corp. (U.S.) and Berry Global Inc. (U.S.) |
Opportunities |
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Global Alcohol Soluble Packaging Market Dynamics
Drivers
- Adoption of environment-friendly methods to reduce carbon footprints globally
Due to the growing environmental concerns, green packaging has gained traction in the majority of countries. Rising transportation and energy costs are also contributing to the market's expansion. Furthermore, negative consumer perceptions of conventional packaging and government pressure to shift toward eco-friendly materials have fuelled market growth. Several brands have implemented alcohol soluble solutions in recent years to reduce their carbon footprint.
- Application from various end users due to its beneficial characteristics
Due to their inherent advantages, such as quality control, durability, hygiene, and preservation, these systems are widely used in various applications, including bakery and confectionery, meat, seafood, poultry, dairy, and grains. The product is becoming more commonly used in end-use industries, particularly in Asia Pacific, where rising domestic manufacturing and consumer income levels drive innovation in this sector.
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