(Entertainment-NewsWire.com, June 11, 2015 ) Alcohols refer to drinks like Beer, Spirits, Wine, and others. Consumption of alcoholic drinks is witnessing a rapid growth and thus is directly influencing the alcoholic drinks packaging market. Alcoholic drinks packaging market continues to witness high growth.
Supply – Demand Scenario:
Alcoholic drinks packaging market was worth $xx.xx in 2014 and is estimated to reach $xx.xx growing at a rate of xx.xx%.
Increase in consumer spending towards recreational activities and growth in social acceptance has led to sustained increase in the demand for alcoholic drink products impacting the packaging market. The drinking culture and special activities like “Octoberfest” has further spurred up the demand for alcoholic drinks. Packaging has played an important role, with wide range of offerings by alcoholic drink manufacturers contributing to the market growth. Even though, glass is the major material used for packaging, plastic packaging for alcoholic beverages is also available in some of the developing countries. Apart from these, metal cans and PET bottles are also being used for alcoholic drinks packaging.
The social class difference like that of between, upper middle class, middle class, rural population consumption patterns are drive the demand of packaging solutions. The demand for packaging solutions for different alcoholic drinks like wine, whiskey, beer, vodka and others will continue to witness growth in near future. The robust retail market and improving economic activity in some of the major developing countries and North America will drive the consumption of alcoholic drinks.
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