Wine Packaging Boxes is Fastest Growing Segment Fueling the Growth of Wine Packaging Boxes Market

7.125 x 3.5 x 13" Natural Kraft Textured Rib Wine Bottle Gift Boxes – 2 (750ml) Bottles

The global Wine Packaging Boxes Market is estimated to be valued at US$ 1.74 Bn in 2023 and is expected to exhibit a CAGR of 7.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Wine packaging boxes are specially designed packaging solutions for wines to protect them from moisture, oxygen, and external damage during transportation and storage. Key features include tear-resistant layers, leak-proof sealing, custom printability, and structural rigidity.

Market Key Trends:

The rising demand for premium and luxury wines accompanied by growth of online wine retail channels are major factors propelling the wine packaging boxes market. Premiumization trend has led wineries to offer wines packed in innovative and aesthetically appealing boxes. Growing preference for recyclable and sustainable packaging over traditional bottles and jars is another key trend fostering market growth. Customizable designs and labels allow wineries to effectively market brand identity and story.

Segment Analysis:

The global wine packaging boxes market is dominated by corrugated boxes segment. Corrugated boxes account for over 70% share of the total market owing to their versatility, sturdiness, light-weight and cost effectiveness. Corrugated boxes provide protective cushioning and stacking strength which makes them ideal for storing and transportation of wine bottles without risk of breakage.

Key Takeaways:

The global wine packaging boxes market is expected to witness high growth, exhibiting a CAGR of 7.4% over the forecast period, due to increasing wine consumption globally.

Regional Analysis:

Europe dominates the global wine packaging boxes market with over 45% share, led by countries like France, Italy and Spain. High production and consumption of wine in the region has been the key driving factor. North America stands as the second largest market for wine packaging boxes owing to strong demand from U.S. and Canada.

Key Players Analysis:

Key players operating in the wine packaging boxes market are Super Wood Touch, Acorn Paper Products, DS Smith, International Paper, DIGRAF, Smurfit Kappa, Mos Packaging, Golden State Box Factory, Riverside paper Co., Cross Country Box Co. Inc, Sealed Air, Taylor Box, ALPPM, Evergreen, Spirited Shipper. DS Smith dominates the market with over 15% share due to its strong product portfolio and global distribution network.

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