Glass Packaging Market 2019-2028
New Study Reports “Glass Packaging Market 2019 Global Market Opportunities, Challenges, Strategies and Forecasts 2028” Added in Wiseguyreports.com.
This report provides in depth study of “Glass Packaging Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Glass Packaging Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
Increasing demand for alcoholic beverages along with the ongoing advancements and improvements in the beer manufacturing industry in the Asia Pacific and Eastern Europe region is anticipated to strengthen the Glass Packaging market growth during the forecast period. Glass packaging is supposed to be one of the most critical and trusted forms of packaging. Glass packaging is extremely beneficial for health, product taste, and environmental security. Glass packaging, which is also considered incredibly premium, can help in maintaining the safety and freshness of the food and beverage products. This factor can ensure continuous usage of glass packaging, across the world. Glass packaging is used across a broad range of end-user industry verticals.
However, glass packaging encounters huge competition from plastic packaging. Plastic, being lightweight and moldable, is utilized across numerous industries. However, strict government regulations and restrictions against the use of toxic plastic packaging materials have forced several industries to adopt eco-friendly product packaging alternatives. This factor is expected to drive the demand for glass packaging. Also, plastic-packaged food and beverages can lead to life-threatening diseases, such as cancer and ulcers. This factor has further encouraged industries to adopt glass packaging alternatives. Increasing consumer demand for healthier and secure food packaging alternatives has enhanced the applications of glass packaging across different food and beverage industries.
Also, the advent and adoption of innovative technologies for shaping, embossing, and creating artistic finishes to glass bottles have made glass packaging more desirable among consumers and end-user industries. Similarly, factors such as the rising demand for eco-friendly packaging products, and the increasing demand for glass packaging from the food and beverage industry is expected to strengthen the growth of the global glass packaging market. Furthermore, the recyclable and eco-friendly nature of glass packaging enhances its market value. The advent of lightweight glass has been a crucial innovation in recent times, providing similar resistance as the conventional glass materials.
Important Key Players Analysis: Owens-Illinois, Ardagh Glass Group, Veralia, Vidrala, BA Vidro, Gerresheimer, Vetropack, Wiegand Glass, Pochet Group, Zignago Vetro, Heinz Glass, VERESCENCE, Stolzle Glas Group, Piramal Glass, HNGIL, Vitro Packaging, Nihon Yamamura, Allied Glass, Bormioli Luigi, Vetrobalsamo, Ramon Clemente, Vetrerie Riunite and more.
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The global glass packaging market can be analyzed on the basis of product types, product applications, sales channels, and regional markets.
Based on product types, the global glass packaging market can be segmented into-
- Standard glass quality
- Premium glass quality
- Super-premium glass quality
Based on applications, the global glass packaging market can be segmented into-
- Beverage Packaging
- Food Packaging
- Pharmaceutical Packaging
- Personal Care Packaging
Glass packaging is considered as an attractive packing alternative. Rising concerns about the environment safety and increased consumer inclination towards using eco-friendly food and skincare products have compelled the market players to adopt the eco-friendly and secure product packaging options, such as glass packaging. This factor further strengthens the demand for glass packaging across different industry verticals.
Based on the distribution channel, the global glass packaging market can be segmented into-
- Direct Channel
- Distribution Channel
North America, South America, Europe, Asia Pacific, Southeast Asia, and the Middle East and Africa are the major regions driving the growth of the glass packaging market. The Asia Pacific is a prominent market for glass packaging. The growth of the Asia Pacific glass packaging market can be attributed to growing applications of glass packaging alternatives in different end-user industries, such as pharmaceutical, food & beverages, and alcoholic beverages in India and China. Also, some other factors, such as high availability of raw materials like silica and the presence of skilled labour are expected to propel the glass packaging industry growth in the Asia Pacific region. Some other primary factors, including growing demand for functional food and beverages and a surging urban population base, are expected to drive the demand for glass packaging in the Asia Pacific region.
Glass Packaging Manufacturers
Glass Packaging Distributors/Traders/Wholesalers
Glass Packaging Subcomponent Manufacturers
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In April 2019, Owens Illinois, a well-known organisation specialized in manufacturing container glass products, entered into an agreement to acquire Nueva Fanal, another leading manufacturing facility of container glass from Grupo Modelo. This acquisition can help the organization to cater to constantly rising consumer demands. Growing consumer inclination towards eco-friendly packaging alternatives has compiled the organization to adopt container glass packaging options.
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