Global Cider Packaging Market Overview
A Cider is an alcohol and non-alcohol based drink made from fermented fruits such as apples, pears, strawberries and elderflower. Although, various fruits are used to produce ciders, apple ciders are widely consumed. The ciders can be alcoholic and non-alcoholic. As cider is gaining popularity among consumers, the industry aligned to the cider industry such as cider packaging industry manifests significant surge. Various innovative designs and lucrative packaging method have been implicated by the packaging companies to attract customers. Various packaging methods from various packaging companies delineate designs such as vintage packing, Pint, Cola style packing and metallic cans. Apart from engaging packaging styles, the cider package also involves various characteristics such as taste preservation and freshness.
Market Size and Forecast
The global cider packaging market manifests a strong CAGR of approximately 5% during the forecast period. Increase in cider consumption is due to the increase in demand of beverages with lesser alcohol content and strengthened by lucrative packaging. Additionally, portfolio inclusion of cider in the beverage offerings of elite beverage companies also catalyzes the market by luring new players. On the basis of regional platform, cider packaging market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
European region dominates the cider packaging market due to the presence of major cider producing companies in the region. The region also retains social acceptance of alcoholic beverages with low alcohol content which further enhance the consumption. Countries situated in Western Europe mainly U.K. are responsible for prime consumption in the region further translate into the developed cider packaging Industry. North America is also a significant consumer of cider hence manifests a significant cider packaging market in the region. The region also entails relevant capacity to develop further since a major portion of the market in the region is untouched.
Cider packaging market in the Asia-Pacific region falls under growth stage of industry life cycle and is anticipated to register maximum growth with highest CAGR during the forecast period. The growth is mainly due to the strengthening of economy of several countries such as India and China. Moreover, increase in disposable income in the region enhance the consumption of cider and further improve the cider packaging market. The packaging will also be facilitated in the region due to the low cost manufacturing and cheaper raw material.
Our-in depth analysis of the global cider packaging market includes the following segments:
By Material type
By Packaging Volume
By Unit Packaging Quantity
By Magnitude of Regulation
Global cider packaging market is further classified on the basis of region as follows:
Growth Drivers and Challenges
Increasing demand of low alcoholic content drink among the European and North American countries tends to increase the cider consumption, propagating the cider packaging Industry to grow further. A number of cider brands available in the key markets of European and North American countries, increased the commercialization of cider which tends to boost cider packaging industry as well.
Relevant increase in the rate of consumption of alcohol in developing countries mainly in India and China will raise the proportion of cider consumption. The significant increase in per capita income in forthcoming years will further strengthen the quality consumption of alcohol among these countries, leads to the increased sales of packaged alcohol thereby increasing the consumption of packaged ciders. Furthermore, the low priced raw material and cheap labor delineates into low cost of packaging in the Asia pacific region, will further strengthen the cider packaging market in the region.
However, the stringent regulations at global level carve a barrier in the growth of cider packaging and sales. The regulations such as prohibition of direct advertisement of alcoholic beverages are among some obstacles hindering the further sale of alcohol content Cider. Also the saturated market of Western Europe and North America manifests low or stagnated growth of cider packaging market.
Scope and Context
Overview of the Parent Market
The global cider packaging market is segmented as follows:
Supply & Demand Risk
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in current dynamic environment
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