Global alcoholic beverage packaging market to grow at 4.81% during 2016-20

<p>According to a recent report, the global alcoholic beverage packaging market is slated to grow at a CAGR of 4.81 per cent during the five year period starting 2016 through 2020. Change in the lifestyle of consumers, introduction of new products and flavours, and increase in the number of breweries, wineries, and distillers worldwide have been identified as some of the major factors driving the market. <br /><br />Aluminium and aluminium alloy based materials serve as the mainstay for alcoholic beverage packaging industry. A moderate to high growth rate of the market, hence, indicates at a healthy growth in demand for the packaging medium as well. For further information on this, read <a title="How Does Aluminium Packaging Facilitate Branding?" href="http://blog.alcircle.com/2016/08/04/aluminium-packaging-facilitate-branding/">AlCircle Blog</a>. <br /><br /><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/ALU-CANS-cropped-300x239.jpg" alt="News" width="300" height="239" /><br /><br />In the report, the market has been divided into the following segments based on geography:<br /><br />&bull; Americas<br />&bull; APAC<br />&bull; EMEA<br /><br />The key vendors identified here include Amcor, Rexam-Ball, Owens-Illinois, Tetra Laval, Ardagh, Can-Pack, and Crown Holdings to name a few. <br /><br />According to the analysts, the rising demand for low-alcohol-content beverage will drive the market during 2016-2020. Growing demand for premium alcoholic beverages is likely going to be the major trend in the market. Aluminium can manufacturers will be faced by the challenge of effective vertical integration to streamline their supply chain management systems, which will be critical for them to stay profitable in the long run.</p>