Global Glass
Packaging Market strategic research study
offers company accounts, industry investors, and industry members with
consequential insights to enable them to make reliable strategic decisions
regarding the opportunities in the global market.
In this report, we
thoroughly examine and analyse the Global market for Glass Packaging so that
market participants can improve their business strategy and ensure long-term
success. This report provides players with useful information and suggests
result-based ideas to give them a competitive advantage in the global Glass
Packaging industry. It will show how other players compete in the global Glass
Packaging Market and explain the strategies you use to differentiate yourself
from other participants.
This Research Report
Answers the Following Questions:
·
How Glass
Packaging market will
grow in the coming year?
·
Will the COVID-19 pandemic surge the demand for such platforms?
·
How are key companies planning to promote benefits of Glass Packaging?
·
What are the industry growth drivers, obstacles, and dynamics?
·
Which segment is expected to lead in the coming years?
Download Free Sample
Report Now @ https://www.millioninsights.com/industry-reports/glass-packaging-market/request-sample
Global glass packaging
market is expected to witness lucrative growth in the upcoming years on account
of rising trend for alcoholic beverages and increase in the number of the beer
industry. In 2013, the size of the industry was projected to be USD 48.97
billion. An increasing number of beer industry and increasing demand for
alcoholic beverages in Asia Pacific and Eastern Europe is anticipated to
escalate the growth of the industry over the upcoming years. Glasses do not
react with chemicals, and are reusable and highly sterile. Glass packaging has
its wide applications in pharmaceuticals, personal care products, food &
beverages, cosmetics, wines, beers and ciders. Glass bottles exist in numerous
colors, sizes and shapes. Beer, ciders and wines are packed in dark colored
bottles owing to resistance for over-fermentation.
Growing implementation of
glass packaging in food & beverages coupled with pharmaceuticals sector in
light of its non-corrosive property is anticipated to fuel the demand.
Moreover, numerous features including non-permeability, recyclability, and no
reactions chemicals makes it an appropriate packaging material for numerous
applications which include beverages, soft drinks, medical and beer. Rising
consumer health awareness coupled with improving living standards is expected
to stimulate glass packaging demand in pharmaceutical sector. Glass being
ecological coupled with various on-going research and development to improve
packaging, and to develop glasses which are 50% lighter when compared to the
traditional forms, thus, the demand is anticipated to witness enormous
potential over the next few years.
Metal cans and plastic
bottles act as substitutes to glass owing to their low cost and light weight.
Rising demand for metal cans and plastic bottles in aerosols, perfumes, and
chemicals is anticipated to act as a restrain for the industry. Rising consumer
awareness for hygiene packaging in food & beverage segment is expected to
offer new opportunities over the upcoming years. Alcoholic beverages were
observed to dominate the global market which accounted for more than 50% of the
market share. The sector is anticipated to witness noteworthy rise over the
upcoming years in light of appealing appearance provided by glass when compared
to plastic. Increasing demand for alcoholic beverages in numerous countries
which include Germany, the U.S., India, China, and Brazil is expected to
augment the market growth.
The beer was observed to
account for a noteworthy volume share in light of its increasing consumption by
the young age band, specifically in Asia Pacific and Eastern Europe. Additionally,
accessibility of numerous graphics, color, and shape in the packaging of beer
is anticipated to be an important factor stimulating the growth rate of the
market. The sector is anticipated to grow at a CAGR of 4.8%. Growing
requirement in pharmaceuticals sectors in light of its reusability and
non-toxicity is anticipated to propel the market growth. In addition, growing
pharmaceutical segment in the U.S., India, Canada, China, Brazil and Saudi
Arabia will promote industry growth. Food & beverages segment is
anticipated to decrease its share as a consequence of rising demand for
flexible packaging such as plastics and paper.
In 2013, Asia Pacific glass
packaging market was observed to account for more than 35% of the global market
share. The market is anticipated to progress on account of escalating
applications of glass in numerous consumer-centric industries which include
alcoholic beverages, pharmaceuticals and food & beverages in India and
China. High accessibility of raw materials such as silica is anticipated to
impel sector growth. In 2013, Europe market was valued at USD 15,713.2 million,
and is expected to experience noteworthy growth on account of rising number of
beer industry majorly in Germany and France. Furthermore, increasing
implementation of glass packaging in Turkey and Russia is anticipated to
augment the growth of the industry.
North America is
anticipated to illustrate rise in pharmaceutical packaging in light of
technological innovations coupled with growing manufacturing base. Saudi Arabia
is projected to experience enormous growth probability in light of rising
pharmaceutical industry over the next few years. Companies provide packaging
for various uses including non-alcoholic beverages, spirits, beer, food, wine,
chemicals, cosmetics, and pharmaceuticals. Moreover, on-going product
advancements and technological innovations to make glass bottles lighter
weight, thus decreasing the energy needed to transport and produce them are
anticipated to open new growth opportunities over the upcoming years
The key market players
operating the market include Saint-Gobain, Owens Illinois Inc., Vetropack,
Gerresheimer, and Ardagh were found to dominate the sector in 2015 and
accounted for more than 33%. Few more participants include Tamron Co., Ltd.,
Piramal Glass Limited. Hindusthan National Glass & Industries Ltd., Amcor,
Bormioli Rocco SpA, Stölzle-Oberglas GmbH, Nihon Yamamura, Koa Glass Co. Ltd.,
Wiegand-Glas, and Vidrala SA. The global industry is vastly fragmented in light
of the existence of various medium and small sized companies. Numerous
participants have to abide by the EU, the U.S. EPA and FDA regulations concerning
to usage, disposal of glass and manufacturing.
Know
More Insights @ https://newsonmarketblog.wordpress.com
No comments:
Post a Comment