Market Report

Spirits Packaging Market Overview Spirits Packaging Market size is estimated to be $20.4 billion in 2019, growing at a CAGR of 4.6% during the forecast period 2020-2025. Spirits are distilled alcoholic beverages majorly manufactured through distillation process. Increasing awareness of nutritional benefits from Spirits, rising demand of flavored drinks, growing disposable income, and the increasing demand of safe and innovative packaging is a significant factor driving the Spirits Packaging Market during the forecast period 2020-2025. Moreover, the demand of premium spirits packaging is increasing as alcohol is increasingly being consumed and consumers are ready to pay for more premium quality products. Players are focusing on innovative packaging solutions to facilitate spirits industry, therefore driving market growth. For instance, the Astra pouch and Astromoni pouches represent the latest advancement in flexible and eco-friendly packaging for the wine and spirits industry. In addi...