The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Latin America Alcoholic Drinks Packaging Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.
Latin America Alcoholic Drinks Packaging Industry Analytical Overview (2024-2030): Drivers, Opportunities, Challenges, and Trends,
According to the latest report, Latin America Alcoholic Drinks Packaging Market size was valued at around USD 19.66 billion in 2023 & is estimated to grow at a CAGR of around 4.66% during the forecast period, i.e., 2024-30. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, geography, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2024 to 2030.
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What is Included in Latin America Alcoholic Drinks Packaging Market Segmentation?
The report has segmented the market into the following categories:
By Drink Type
- Beer
- Wine
- Rum
- Tequila
- Spirits
- Others
By Packaging type
- Glass Bottles
- Plastic Bottles
- Metal Cans
- Tetra Packs
- Others
Among all of these major types of packaging the major share is held by the Glass Bottles in the Latin America Alcoholic Drinks Packaging Industry, and it is also expected to hold the same in the forecast period.
By Country
- Brazil
- Argentina
- Colombia
- Mexico
- Peru
- Chile
- Ecuador
- Rest of Latin America
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Key Factor Driver Latin America Alcoholic Drinks Packaging Industry Growth by 2030
Increasing Consumption of Alcoholic Drinks Driving Market Growth – New variants of alcohol are launched to fulfill the taste preferences of the increasing number of individuals consuming alcohol. Statistics show that the consumer base of alcohol is expanding year by year, which further increases the demand for alcoholic products and helps in the growth of the alcohol packaging industry in the region. The increasing disposable income of the consumers in the emerging nations of this region results in increased consumption for the existing consumers. In addition to this, the increased consumers are governed by the wider demographics of consumers, as these days a large size of young population is also rapidly attracted to the alcoholic products in most of the countries of this region, owing to the high popularity, improved quality, and enhanced tastes. For instance,
Who are the Key Players Operating in the Latin America Alcoholic Drinks Packaging Industry?
The top companies of the Latin America Alcoholic Drinks Packaging market ruling the industry are:
- Cristalerias de Chile
- Owens-Illinois Inc.
- Crown Holdings Inc.
- Amcor plc
- Ball Corporation
- United Bottles & Packaging
- Envases Venezolanos
- Ambev
- Others
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FAQs (Frequently Ask Questions)
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