Global Corrugated Wine Carrier Market to expand at 4.1% CAGR during 2021-2027

November 18, 2021

According to the research report titled, ‘Global Corrugated Wine Carrier Market Size study, by Product Type (Coated Corrugated Carrier, Non-Coated Corrugated Carrier) by Flute Type (F-Flute, E-Flute, Other) by Capacity (2 bottles, 4 bottles, 6 bottles, More than 6 bottles) and Regional Forecasts 2021-2027’, available with MarketStudyReport, global corrugated wine carrier market is anticipated to register an annual growth rate of 4.1% during 2021-2027.

As per the report findings, the growth of global corrugated wine carrier market can be attributed to the escalating demand for sustainable packaging solution among consumes and the recyclable and reusable nature of the wine carriers. As per, a survey states that nearly 67% of consumers prefer products which can be recycled.

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For the unversed, corrugated wine carrier is regarded as the most cost-effective and sustainable packaging solution. It also comes with an adjustable packaging that helps to reduce transit damage during transportation.

In addition, the availability of customization option that enables the manufacturers to provide buyers with the most attractive packaging solutions for their wine bottles is also augmenting the overall industry outlook.

On the contrary, increased penetration of other alternatives like tote bags and paper bags are likely to hamper the remuneration scope of global corrugated wine carrier market.

Based on type, the marketplace is split into coated corrugated carrier and non-coated corrugated carrier, whereas, bifurcation in terms of flute type includes f-flute, e-flute, and others.

With respect to capacity, the industry is classified into 2 bottles, 4 bottles, 6 bottles, and more than 6 bottles.

Speaking of the geographical landscape, regions like North America, Europe, Asia Pacific, and Latin America are considered to understand the dynamics of this industry vertical. Among these, North America presently holds a significant market share, primarily due to high wine consumption in the region.

Meanwhile, Europe market is projected to expand notably during 2021-2027 owing to growing demand for sustainable packaging solution and rising production of wine bottles.

Key players operating in global corrugated wine carrier market are Happy Packaging Co. Ltd., Shanghai Custom Packaging Co. Ltd., Napco National, Unipak Cyprus Ltd., Mondi Plc, WestRock Company, RTS Packaging LLC, Inno-Pak Inc., and The Smurfit Kappa Group Plc.

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