The global cider packaging market is segmented on the basis of material type into glass bottles, metal cans, plastic bottles, cardboard and wooden cluster packaging. Among these segments, glass bottles are expected to dominate the global cider packaging market. Glass bottles are the traditional utensil technique to store the alcohol. It is widely used for storing and packaging of cider. Various lucrative and innovative packaging techniques have been adopted by the organizations indulged in cider packaging in the country. It is also perceived that application of packaging of cider in bottles leads to taste conservation of the beverage.
Growing demand of low content alcohol beverage in major alcohol consuming regions such as Europe and North America, rate of increase in alcohol consumption in developing nation, low packaging cost and cheaper raw materials in these nations are the major factors will further strengthen the cider packaging market globally.
Global cider packaging market is expected to grow at notable CAGR of 5% during the forecast period. As the global cider market manifest a relevant growth over the forecast period, the global cider packaging market also delineates significant growth. Successful inclusion of cider offering in the product mix of major beverage companies around the world had enhanced the commercialization of cider and encouraged other market players to invest in the portfolio and services involved.
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In terms of regional platform, Asia-Pacific countries such as India, China and Australia accounted for the fastest growing market of cider packaging globally. Low consumption proportion and higher rate increment of alcohol consumers resulted in higher growth of cider consumption in the region. Rate of increment in consumption resulted to higher growth of cider packaging market in the region.
Apart from this Europe is the largest market of cider packaging followed by North America. Due to the low alcoholic content, the cider is gaining popularity in Europe and North America. UK and some of the western European countries are the major consumers of cider and resulted into the growth of aligned industries such as cider packaging industry in the region.
Rising Demand of low content alcoholic beverage
The demand for cider packaging had increased due to the increase in demand of low content alcohol beverage among European and North American region. The cider contains lower or no alcohol content bolsters the sales of packaged cider thereon enhancing the cider packaging market.
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However, the stringent regulations globally hamper the global cider packaging market indirectly by creating strict laws and regulation related to marketing and sales of the alcoholic beverages which consists of probability to stagnate the sale.
The report titled “Global Cider Packaging Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the global cider packaging in terms of market segmentation segmented by material type, by packaging volume type, by unit packaging quantity, by magnitude of regulation.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the key players of the global cider packaging market which includes company profiling of Amcor, Ardagh Packaging, Ball, Crown Holdings, Owens-Illinois, Rexam, MeadWestvaco, Plastipak Packaging, Silgan Holdings. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global cider packaging market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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