Market Research group Freedonia, has recently published a new report, "World Wine Packaging: Containers, Closures & Accessories." Global demand for wine packaging including containers, closures and accessories is projected to increase 2.3%/pa to US$ 22.8bn in 2020. Growth will be sustained by continued, albeit moderate, increases in global wine production, despite declining per capita consumption rates in Europe, which accounted for about 60% of consumption and nearly 65% of production in 2015. Ongoing changes in where wine is produced and how it is packaged will lead to significant opportunities for newer packaging formats. Glass bottles have long been the preferred wine container, as they have excellent barrier properties and can protect wine nearly indefinitely. Also, glass bottles are considered by many to be an essential part of the wine experience. As a result, glass continues to dominate the container segment, accounting for around 85% of the global total in 2015. However, this share is declining. For more information, please visit: www.freedoniagroup.com/industry-study/3406/world-wine-packaging-containe...
