The global corrugated wine carrier market is Anticipated to Expand at a CAGR of ~4.1%, During the Forecast Period.
Newly released data from corrugated wine carrier market analysis shows that global demand of the overall corrugated wine carrier market is anticipated to reach millions of units by 2031. Prominent sales of corrugated wine carrier is due to its reusability and recyclability feature.
The corrugated wine carrier is the safe and effective packaging used to carry and handle the wine bottles. The corrugated wine carrier is an environmentally friendly packaging solution that adds value to the product. The corrugated wine carrier is a recyclable, reusable, convenient, customizable packaging solution that helps in reducing the transit damage which is caused during transportation or shipping. Also, the corrugated wine carrier attracts wine manufacturers as well as retailers.
The wine manufacturers can make their packaging attractive by printing the logos, images, or names on the corrugated wine carrier whereas the corrugated wine carrier helps the retailer to increase the sales as it offers a feature of carrying multiple bottles in one carrier.
The customized corrugated wine carrier has a high visual impact on the shelf, it creates the aesthetic look for the product which is been attracted among the consumers. The increasing need for convenient and attractive packaging solutions drives the sales for corrugated wine carrier.
The strength and stability of corrugated wine carrier which decreases the transit damage bolster the sales of corrugated wine carrier. The decrease in damage saves the manufacturer and retailer from loss and helps them to cater for the demand on time.
The availability of customization differentiates the product from competitors’ products and helps the manufacturer to offer the best and most attractive packaging solutions to their wine bottles which augment the sales of corrugated wine carrier.
The increasing demand for convenient packaging and easy to carry packaging fuels the demand for corrugated wine carrier. The wine bottles manufacturer nowadays are looking to offer sustainable packaging solutions as customers are getting more conscious towards the same, this drives the shipment of corrugated wine carrier as it is recyclable and reusable. Overall, on the back of all these benefits, the demand for corrugated wine carrier is anticipated to rise during the forecasted period.
The shift in consumer preference towards sustainable products as well as packaging forced the manufacturer to opt for environmentally friendly products and packaging solutions. The manufacturer needs to focus on the carbon footprint during the manufacturing stages.
The increasing trend for sustainability made the manufacturer stick to environmentally friendly manufacturing processes which also will result in an eco-friendly product or packaging solutions. The corrugated wine carrier is the best suitable for shrink wraps which are harmful to the environment. Thus, the increasing trend and demand for eco-friendly packaging create ample market opportunity for the corrugated wine carrier.
The availability of alternative products such as tote bags, paper bags, and others hinder the market growth of corrugated wine carrier. These alternative available are eco-friendly solutions as the corrugated wine carrier which hamper the market growth for corrugated wine carrier. Also, the shortage of raw materials in future may limit the growth of the corrugated wine carrier market.
The global key players for corrugated wine carrier are
Most players operating in corrugated wine carrier are increasing their footprint and capabilities through acquiring the local or other players operating in corrugated packaging. Also, the key players are focusing on launching new products considering the sustainability concern. The key strategies adopted by key manufacturing players are: -
According to American Addiction Centers and Alcohol Organization, in 2017 around 4.3 billion wine bottles were consumed per year in the United States which shows that the United States is the largest consumer of wine. This shows that the United States has a wide market growth opportunity for corrugated wine carrier.
The increasing consumption of wine gives rise to proper and best suitable packaging solutions. This fuels the demand for corrugated wine carrier in the United States. Also, the increasing import of wine in the United States to meet the demand give rise to the corrugated wine carrier market.
The highest volume of wine bottles is produced in Italy. In 2017 around 5.6 billion wine bottles were produced per year in Italy as per American Addiction Centers and Alcohol Organization. The increasing production of wine bottles creates demand for attractive and sustainable packaging solutions which is easy to carry and transport the bottles.
Thus, the increasing production of wine bottles in Italy creates a market growth opportunity for corrugated wine carrier.
The COVID 10 pandemic has had a negative impact on the corrugated wine carrier market. Due to lockdown the retail shops, hotels, bars & restaurants, and other wine shops were slowed which resulted in decreased sales for wine bottles. This impacted the corrugated wine carrier market.
Also, the slowdown in the production of wine bottles and interruption in the supply chain hamper the corrugated wine carrier market. The uplifting lockdown, slowly gave rise to the sales of corrugated wine carrier due to the increasing sales of wine in the market. Thus, the corrugated wine carrier market slowed started to rise with the rise in sales of wine bottles
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