10.13.15
A new study states that demand for wine packaging in the US is projected to increase 4.4% annually to $3 billion in 2019. Growth will be supported by continued favorable gains in domestic wine consumption and production. In addition, advances will be spurred by increasing disposable personal incomes and changing alcoholic beverage preferences occurring with younger consumers.
These changes include the preference for wine over beer among millennials and a larger share of millennials consuming wine on a daily basis than that in other age groups. These and other trends are presented in Wine Packaging, a new study from The Freedonia Group, a Cleveland, OH-based industry market research firm.
Glass bottles, the long-time traditional wine container, will continue to dominate the container mix in value and volume terms. However, analyst Esther Palevsky notes, “competition is increasing from a growing variety of alternative package formats and sizes offering greater economy or convenience.”
The fastest gains for containers will be outside the dominant 750-milliliter size, including both smaller- and larger-sized offerings. Robust advances will occur for single-serving container options such as plastic bottles, aseptic cartons, aluminum cans, and cups and goblets.
Bag-in-box packaging will experience above average growth due to its lower cost per unit of volume and greater adoption of the format for 1.5- and 3-liter premium offerings, thereby changing the image of “boxed wine” as being inferior in quality to bottled wines.
Wine closure opportunities will be driven by rising packaged wine production, with changes in the container mix necessitating a widening array of closure types. This trend will fuel strong opportunities for aluminum and plastic screw caps and plastic dispensing closures.
Though continuing to face intensified competition from alternative closures, cork demand will be sustained by the entrenched position of glass bottles in the wine industry and the cost-competitiveness and improved performance of technical corks. Among other wine packaging products, labels will provide the best opportunities through 2019, aided by the importance of value added bottle labels that add visual appeal.
These changes include the preference for wine over beer among millennials and a larger share of millennials consuming wine on a daily basis than that in other age groups. These and other trends are presented in Wine Packaging, a new study from The Freedonia Group, a Cleveland, OH-based industry market research firm.
Glass bottles, the long-time traditional wine container, will continue to dominate the container mix in value and volume terms. However, analyst Esther Palevsky notes, “competition is increasing from a growing variety of alternative package formats and sizes offering greater economy or convenience.”
The fastest gains for containers will be outside the dominant 750-milliliter size, including both smaller- and larger-sized offerings. Robust advances will occur for single-serving container options such as plastic bottles, aseptic cartons, aluminum cans, and cups and goblets.
Bag-in-box packaging will experience above average growth due to its lower cost per unit of volume and greater adoption of the format for 1.5- and 3-liter premium offerings, thereby changing the image of “boxed wine” as being inferior in quality to bottled wines.
Wine closure opportunities will be driven by rising packaged wine production, with changes in the container mix necessitating a widening array of closure types. This trend will fuel strong opportunities for aluminum and plastic screw caps and plastic dispensing closures.
Though continuing to face intensified competition from alternative closures, cork demand will be sustained by the entrenched position of glass bottles in the wine industry and the cost-competitiveness and improved performance of technical corks. Among other wine packaging products, labels will provide the best opportunities through 2019, aided by the importance of value added bottle labels that add visual appeal.