A recent report published by Infinium Global Research on glass packaging market provides in-depth analysis of segments and sub-segments in the global as well as regional glass packaging market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional glass packaging market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global glass packaging market. According to the report, the global glass packaging market is projected to grow at a CAGR of 4.8% over the forecast period of 2018-2024.
The growing demand for glass packaging from food & beverages, pharmaceutical, alcoholic beverages, personal care products and many other industries drive the market demand. Furthermore, growing demand for recyclable, natural sustainable raw materials have a positive impact in the glass packaging market.
The benefits offered by glass packaging such as product safety, display appeal, flavor brilliance and freshness and sustainable is expected to catalyze the demand for glass packaging in the food and beverages industry. Additionally, consumption of alcoholic beverages is increasing rapidly. Majority of glass bottles are produced for alcoholic beverages and 73% of glass bottles produced contains alcoholic beverages that include beer, wine, and liquor. Thus, the growing consumption of alcoholic beverages is expected to boost the demand for glass packaging. Furthermore, growing awareness for sustainability and increasing efforts to reduce waste, are the examples of developments that help to support future demand for packaging. However, the availability of substitutes such as Polyethylene terephthalate (PET), polyethylene and Polycarbonate is expected to affects the market growth. Nowadays, the number of manufacturers are inclined towards eco-friendly packaging solutions to keep medicines fluids, safe, which in turn, creates growth opportunities for the glass packaging market.
Among the regions, Asia Pacific dominates the
market of glass packaging. In the Asia-pacific region, the use of glass
packaging to manufacturing various products including food & beverages,
Pharmaceuticals chemicals and so on is rising rapidly among countries like
China and India. Increasing alcoholic drinks consumption, growth in investment
in the pharmaceutical sector will drive the demand for glass packaging
solutions in the North America region. European container glass industry
provides a wide range of glass packaging products for food and beverages
industry to their European and world customers as well as Europe experienced a
huge demand for cosmetics, flacons for perfumery, pharmacy. Furthermore, Middle
East and Latin American countries are expected to grow at a fast pace during
the forecast period.
The report on the global glass packaging market covers segments such as applications. On the basis of applications, the sub-markets include food & beverages, beer, pharmaceuticals, alcoholic beverages, personal care products, and chemicals.
The report provides profiles of the companies in the market such as O-I, Ardagh Group S.A, Piramal Glass, Gerresheimer AG, Vetropack, Vidrala SA, Hindusthan National Glass & Industries Ltd., Nihon Yamamura Glass Co Ltd., Burni Glass, and Beatson Clark.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the glass packaging market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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