According to the business analysis 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 expected to record a healthy growth rate of 4.1% during 2021-2027.
 

Industry experts are of the opinion that the growth of global corrugate wine carrier market is fueled by rise in the demand for sustainable packaging and reusability and recyclability of corrugate wine carriers.
 

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Reliable sources cite that about 67% of consumers prefer reusable products as compared to other packaging options. Apart from this, the choice for a customizable package will likely aid in boosting product demand over the forecast period.
 

However, accessibility to alternatives such as paper and tote bags may hinder the growth of the market in the upcoming years.
 

Elaborating further on the subject, a corrugated wine carrier is a cost-effective, environmentally sustainable packaging solution that helps in minimizing transit damage during transportation or shipping.
 

Moving on to the regional landscape, North America, Europe, Asia Pacific, and Latin America are the major geographies contributing to worldwide corrugate wine carrier industry growth. Among these, North America is the most promising in terms of market share owing to a rise in the consumption of wine in the area.
 

The European market also has the potential to grow exponentially as a result of an increase in the production of wine bottles in Italy, as well as a growing preference of consumers in the area for eco-friendly packaging solutions.
 

With respect to the competitive landscape, companies that boast of a strong presence in the business sphere are Happy Packaging Incorporated, RTS Packaging LLC, Innovative Packaging Solutions (InnoPak), Smurfit Kappa Group, Unipak Cyprus Ltd, WestRock, Napco National, Mondi plc, International Paper Company, and Shanghai Custom Packaging Co., Ltd. These players are thoroughly analyzed in the research report on the basis of recent developments, product summary, company overview and financial standing.