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Global Wine Packaging Industry

Post Time:Jul 29,2020Classify:Industry NewsView:944

New York, July 27, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Wine Packaging Industry" - https://www.reportlinker.com/p05900531/?utm_source=GNW

Amid the COVID-19 crisis, the global market for Wine Packaging estimated at US$21. 3 Billion in the year 2020, is projected to reach a revised size of US$23.4 Billion by 2027, growing at a CAGR of 1.3% over the analysis period 2020-2027. Glass Bottles, one of the segments analyzed in the report, is projected to record a 1.7% CAGR and reach US$9.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Bag-In-Box Wine Packaging segment is readjusted to a revised 1.4% CAGR for the next 7-year period.


The U.S. Market is Estimated at $5.8 Billion, While China is Forecast to Grow at 2.7% CAGR

The Wine Packaging market in the U.S. is estimated at US$5.8 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.4 Billion by the year 2027 trailing a CAGR of 2.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0% and 0.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 0.4% CAGR.

Plastic Bottles Segment to Record 0.9% CAGR
In the global Plastic Bottles segment, USA, Canada, Japan, China and Europe will drive the 0.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.9 Billion in the year 2020 will reach a projected size of US$3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.1 Billion by the year 2027, while Latin America will expand at a 1.5% CAGR through the analysis period. We bring years of research experience to this 5th edition of our report. The 288-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others,

  • Amcor Ltd.

  • Ardagh Group SA

  • Ball Corporation

  • E. & J. Gallo Winery

  • Enoplastic SpA

  • EnVino

  • Environmental Packaging Technologies, Inc. (EPT)

  • EXAL Corporation

  • G3 ENTERPRISES

  • Guala Closures Group

  • Hoover Ferguson Group, Inc.

  • International Paper Co.

  • Janson Capsules USA

  • Liqui-Box Corporation

  • M. A. SILVA
    CORTICAS, S.A.

  • Maverick Enterprises Inc.

  • Saverglass SAS

  • Scholle IPN Packaging, Inc.

  • Silgan Holdings, Inc.

  • Snyder Industries, Inc.

  • Tapp Label Company

  • Tetra Laval International SA

  • TricorBraun, Inc.

  • UPM-Kymmene Corporation

  • Vinventions LLC

  • Vitro S.A.B. de C.V.

Source: https://www.globenewswire.com/Author: shangyi

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