The glass packaging industry is expected to witness an upswing in the years to come. In this report by Market Research Future (MRFR), it has been unfolded that the global glass packaging market is expected to register 3.29% CAGR during the review period 2017 to 2022. Also, the valuation of the global market is expected to grow from USD 57,050.5 Mn in 2017 to USD 66,766.0 Mn by 2022.
The revelation about the irreversible impacts on the global environment is expected to drive the growth of the glass packaging market in the forthcoming years. In addition, the carbon footprints left by plastic packaging s calling for its ban on the global front. It is poised to drive the growth of the glass packaging market in the nearby future. Glass also exhibits resistance against leaching, which makes it more preferable over plastic. It is expected to lead the expansion of the global market across the review period. Innovative packaging solutions are anticipated to drive the expansion of the glass packaging market in the near future.
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Competitive Dashboard:
Owens-Illinois Inc., Verallia, Vidrala S.A., Ardagh Group S.A, BA Vidro, Gerresheimer AG, Stölzle Glass Group, Vetropack Holding Company, Piramal Glass, Zignago Vetro S.P.A., Wiegand-Glas GmbH, Verescence, Vetrobalsamo Spa, Luigi Bormioli Corporation, Allied Glass Containers Ltd, Vitro, Nihon Yamamura Glass Co., Ltd., and Heinz Glas GmbH & Co. KGAA are the prominent participants of the global glass packaging market. The innovative packaging solutions are expected to revolutionize the competitive landscape of the market in the near future.
Industry News:
In October 2019, Coca-Cola Philippines has taken steps towards World Without Waste vision. It has announced the company that the company will be collecting and recycling the company’s packaging to use at least 50% of it in its packaging.
Intended Audience
- End-Users
- Government
- Research
- Education
- Distribution vendors
Market Segmentation:
On the basis of application, the Glass Packaging Market has been segmented into food packaging, pharmaceutical packaging, beverages packaging, personal care packaging, and others. Among these, the beverages packaging segments are expected to have a favorable share of the global market in the foreseeable future. The increasing rate of alcohol consumption is anticipated to lead the expansion of the segment over the next couple of years. Also, glass bottles exhibit resistance against leaching, which is anticipated to drive the growth rate of the segment in the forthcoming years.
By product, the segmental analysis of the glass packaging market covers the following segments – premium glass quality, standard glass quality, and super premium glass quality. Among these, the the premium glass quality segment is anticipated to maintain its pole position in the years to come. Increasing demand for the product from pharmaceutical and food & beverage industries is prognosticated to catalyze the expansion of the segment over the next few years.
Regional Analysis:
A detailed geographical evaluation of the glass packaging market has been included in this MRFR analysis on regional and country-level analysis. The regional segments assessed in the report are – Asia Pacific (APAC), Europe, the Middles East, and Africa (MEA), North America, and Latin America. Asia Pacific is anticipated to witness a rapid growth rate over the next couple of years. Industrialization in the region is poised to impact the glass packaging market favorably in the years to come. Increasing disposable income is likely to push demand growth in the end-user industries. This, in turn, is prognosticated to influence the growth pattern of the market in region greatly in the forthcoming years. Also, the drive towards conservation of the environment in the regions is likely to promote the use of glass bottles instead of plastic ones. The governments have started to ban the use of plastic, which is projected to impact the glass packaging market favorably.
Table of Contents
1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Scope of the Study
2.3 Market Structure
2.4 List of Assumptions
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
Continued……..
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List of Tables
Table 1 Market Synopsis
Table 2 List of Assumptions
Table 3 Alcohol Consumers, Ex-drinkers and Lifetime Abstainers, 2017
Table 4 North America: Import Analysis of Glass Products, 2013-2017 (Usd Thousand)
Table 5 Europe: Import Analysis of Glass Products, 2013-2017 (Usd Thousand)
Table 6 Asia-pacific: Import Analysis of Glass Products, 2013-2017 (Usd Thousand)
Table 7 Middle East & Africa: Import Analysis of Glass Products, 2013-2017 (Usd Thousand)
Continued……
List of Figures
Figure 1 Global Glass Packaging Market: Market Structure
Figure 2 Research Process of Mrfr
Figure 3 Top Down & Bottom Up Approach
Figure 4 Drivers, Restraints, and Opportunity of Global Glass Packaging Market
Figure 5 Global Spending on Medicines, 2012 and 2017, (Usd Billion)
Figure 6 Drivers Impact Analysis
Figure 7 Restraints Impact Analysis
Continued……..
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