CLEVELAND, March 7, 2017 /PRNewswire/ -- While the first known wine production occurred in the Middle East more than 6,000 years ago, Europe has been the center of the global wine industry for many centuries. Although wine production occurs in several dozen countries and on all inhabited continents, Europe remains the leading wine producing and consuming region by a wide margin. The region accounted for more than 60 percent of global wine production and consumption in 2015, while accounting for less than 10 percent of the world's population. Wine consumption in Europe is projected to increase slightly to 15.2 billion liters in 2020. These and other trends are presented in World Wine Packaging: Containers, Closures, & Accessories, a new study from The Freedonia Group, a Cleveland-based industry research firm.
Demand for wine packaging in Europe is projected to increase 2.0 percent to $15.8 billion in 2020. Europe is by far the largest regional wine packaging market, although its share of the global market is expected to continue to slide gradually.
Europe's wine packaging market is remarkably diverse. It includes several countries (e.g., France, Italy and Spain) in which wine is a significant part of national economic output, as well as an inextricable part of everyday life. For these countries, the wine packaging market is multifaceted, with domestic markets generally receptive to alternative packaging formats. However, their wine packaging for export markets usually conforms to more traditional expectations. All three countries, also export wine in bulk.
More information about the study is available at http://www.freedoniagroup.com/industry-study/world-wine-packaging-containers-closures-accessories-3406.htm
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About The Freedonia Group – The Freedonia Group, a division of MarketResearch.com, is a leading international industrial research company publishing more than 100 studies annually. Since 1985 we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Each study includes product and market analyses and forecasts, in-depth discussions of important industry trends, and market share information. Packaging studies can be purchased at www.freedoniagroup.com and are also available on www.marketresearch.com and www.profound.com.
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SOURCE The Freedonia Group