The Insight Partners Spirit Glass Packaging Market | Page 5

Regional Framework
Europe accounted for the largest market share in the global spirit glass
packaging market. The growth of the spirit glass packaging market in this
region is primarily attributed to the rising spending power of the customers
and higher demand for spirit products in the country. Moreover, a significant
shift in the customer’s interest in new and innovative glass packaging
products will continue to drive the Europe spirit glass packaging market.
Consumers are looking for sustainable packaging options to reduce the
environmental impact. Glass is a sustainable and fully recyclable packaging
material which provides environmental benefits such as contributing to
mitigating climate change and saving natural resources. Thus, glass spirit
packaging is preferred by the spirit and other alcohol beverage
manufacturers. Furthermore, the production of spirit is enhanced over the
past few years. These factors provide a lucrative growth opportunity for the
spirit glass packaging market players.