Rising Demand for Innovative and Custom Glass Packaging
According to our new research study on “Spirit Glass Packaging Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Capacity, Color of Glass, and Application,” the spirit glass packaging market size was valued at US$ 35,258.06 million in 2022 and is expected to reach US$ 47,357.29 million by 2028; it is estimated to register a CAGR of 5.0% from 2022 to 2028. The report highlights key factors driving the spirit glass packaging market growth and prominent players along with their developments in the market.
Spirit glass packaging is a popular choice for packaging alcoholic beverages, and it offers several advantages over other packaging materials. One of the main benefits of using glass for spirits packaging is that it helps preserve the product’s quality. Glass is a non-porous material that does not absorb or retain flavors or aromas, which means it won’t affect the taste or aroma of the spirit inside.
Global Spirit Glass Packaging Market Breakdown – by Region
Spirit Glass Packaging Market Forecast to 2028 - Global Analysis By Capacity (Upto 200 ml, 200 ml to 750 ml, and Above 750 ml), Color of Glass (Bare Glass and Colored Glass), and Application (Whiskey, Vodka, Rum, Wine, Beer, and Others)
Spirit Glass Packaging Market Growth Report – Share & Outlook 2028
Download Free Sample
The key players operating in the global spirit glass packaging market include O-I Glass Inc, Toyo Glass Co Ltd, Ardagh Group SA, Verallia SA, Vidrala SA, Gerresheimer AG, Nihon Yamamura Glass Co Ltd, Vitro SAB de CV, BA Glass BV, and HEINZ-GLAS GmbH & Co KGaA. Players operating in the global spirit glass packaging market focus on providing high-quality products to fulfill customer demand. They also focus on strategies such as investments in research and development activities and new product launches.
Impact of COVID-19 Pandemic on Spirit Glass Packaging Market
Beer, wine, whiskey, and vodka manufacturers are the major contributors to the demand for spirit glass packaging. In 2020, the alcoholic beverage industry had to slow down its operations due to disruptions in the value chain caused by the shutdown of national and international boundaries. The workforce shortage resulted in the deceleration of spirit glass packaging production and gaps in distribution operations. Disruptions in the global supply chain, surged demand for spirits (as customers stocked alcoholic beverages), and shutdown of glass packaging production facilities synergistically led to increased prices of spirit glass packaging. Government restrictions and other social precautions hindered the production capacities of stakeholders involved in the spirit glass packaging ecosystem. In addition, lockdowns imposed by different countries in 2020 hampered the ability of industries to maintain inventory levels of spirit packaging. Further, supply chain restrictions and lockdowns imposed in multiple countries reduced the production and packaging of spirits globally.
The report includes the segmentation of the global spirit glass packaging market as follows:
The global spirit glass packaging market is segmented on the basis of capacity, color, application, geography. Based on capacity, the global spirit glass packaging market is segmented into upto 200 ml, 200 ml to 750 ml, and above 750 ml. Based on color of glass, the spirit glass packaging market is bifurcated into bare glass and colored glass. Based on application, the spirit glass packaging market is segmented into whiskey, vodka, rum, wine, beer, and others. The global spirit glass packaging market is broadly segmented by geography into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. The North America spirit glass packaging market is further segmented into the US, Canada, and Mexico. The Europe spirit glass packaging market is sub-segmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The Asia Pacific spirit glass packaging market is further categorized into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The Middle East & Africa market is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The South & Central America spirit glass packaging market is further categorized into Brazil, Argentina, and the Rest of South & Central America.
Contact Us
Phone: +1-646-491-9876
Email Id: sales@theinsightpartners.com