Alcoholic Drink consists of Beer, wine, spirits, and flavored drink like cider, perry, and rice wines.
The global alcoholic drink market is equal to 515.2 billion USD in 2019. Until 2023, the drinks market in the world is expected to reach 647.7 billion USD .
The global alcoholic drink market is growing at a CAGR of 7% during the forecast period 2021 – 2023.
Beer segment is the largest in the market. It drives the alcoholic beverage market globally.
Consumers’ inclination towards to flavored drink contributes to the growth of the alcoholic drink market. Companies launch new product to meet demand.
Due to the increasing number of global young-adult, and high disposable income, premium and super-premium products is becoming preferred. It is anticipated to be the major driver in the global alcoholic drink market in 2020-2027/.
The market grew less from 2019-2020 because of the elecnomic slowdown across countries. However, it is expected to recover from 2021.
Glass bottles are the main packing containers for alcohol drink due to they have less impact for the drink flavour. Aluminum cans are usually used for low alcoholic drink like beer and flavor drink.
Aluminum cap, crown cap, pull-ring cap are for glass bottles. Wood cork is the popular type for red wine. However, more companies adopt aluminum cap for red wine nowadays owing to its convenience. Lids is for metal cans.
Self adhesive label and glue label are usually for glass bottles and made from paper.
Shrinking film packing and carton packing are the main packing types.
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