Glass Packaging Market To Undergo Transformative Phase While Grossing Revenues Worth USD 66,766.0 Million
The glass material is among one of the oldest and most naturally sustainable raw materials used for packaging various medicines and food products. The characteristics of glass packaging such as the ability to preserve a product’s taste or flavor while maintaining the integrity or healthiness of foods and beverages are driving the progress of the market substantially. The market has noticeably grown due to the widespread use of glass packaging for alcoholic and non-alcoholic beverage packaging due to its non-porous and impermeable qualities. The glass packaging market is expected to witness consistent growth over the forecast period due to its popularity and benefits.
The market is anticipated to grow at a CAGR of 3.29 percent approximately while earning revenues worth USD 66,766.0 Million in the duration of the forecast period from 2017 to 2022.
Get Sample Report with Complete TOC @ https://www.marketresearchfuture.com/sample_request/1258
Due to a considerably escalating population base, rise in purchasing power, and alteration in the lifestyle of users; individuals in these nations have started buying an escalated quantity of packaged food. The surge in demand for packaged foods such as beverages and more specifically alcoholic beverages, and carbonated soft drinks (CSD) are the key factors fuelling the demand for glass packaging. Furthermore, the use of glass in pharmaceutical packaging is also displaying growth mainly due to its superior protective qualities and rigidity. As an extensive range of pharmaceutical formulations is currently being packaged in glass containers, they are typically the top choice of packaging material in this industry. Consequently, the mounting demand for packaging stemming from the pharmaceutical industry is expected to stimulate the overall growth of the glass packaging market meaningfully. Moreover, the personal care industry in developing nations which is growing rapidly due to the high demand for cosmetic products and fragrances is also projected to add favorably to the expansion of the market during the forecast period.
The emerging economies in nations such as India, China, Vietnam, Thailand, Indonesia, and Brazil are motivating the demand of the market further. These emerging economies are increasing the market‘s growth pace by drawing numerous foreign companies to set up their businesses through FDI incentive schemes which will benefit and revitalize their economy and reinforce the impact of industrialization in the economy on the one hand, while leading to the successful development of the glass packaging industry through the forecast period.
Global Glass Packaging Market: Competitive Landscape
The global glass packaging market is characterized by the presence of many global, regional, and local players. The market is highly competitive with all the players competing to gain market share. Intense competition, and increasing demand for various grades of products confront market growth. The vendors compete based on cost, product quality, and reliability. It is crucial for the vendors to provide cost-efficient and high-quality glass, to survive and succeed in an intensely competitive market environment.
Owens-Illinois Inc. is leading manufacturer and seller of glass containers in the food and beverage segment industries. The company manufactures glass containers for the alcoholic beverage which include Flavoured malt beverages, Wine, Spirits and Beer, food, tea, Juice, Pharmaceutical & Chemical segment and Tableware. The company offers its product in different ranges of sizes, colors. Owens-Illinois operates in 23 countries and has 79 manufacturing and processing plants in these countries. Owens-Illinois also provides engineering support to its manufacturing operations located in Australia, France, Poland, Peru, Colombia, and the United States. The company mostly uses recycled material in its production process so that they could be more sustainable company and an environmentally concerned company. Owens-Illinois strategy is to focus on providing innovative competitive solutions to its customers in the food and beverage sector. The company’s goal is to enhance the shareholders wealth and enable the future success of its customers and employees.
Ardagh Group S.A. is leading supplier of glass packaging solutions, metal packaging solutions and infinitely recyclable. The company believes in continuous innovations in quality and customer services and by the strong investment has underpinned to their growth over 2 decades. The company operates 108 facilities across 22 countries worldwide. The company aims to operate its business sustainably. Thus, they only supply those materials, which can be 100% infinite recycled and reused. The company also offers packaging solutions to the other markets sectors are beverage cans, beers and spirits, food and aerosols. The company has an annual sales of USD 8.6 billion, globally. The company uses leading technology and expertise in the field in its operations and has focus on operational excellence and optimization of manufacturing base.
Verallia is one of the leading manufacturers and suppliers in glass packaging industry. The company supplies glass jars and bottles for the food and beverage industry, globally. Verallia also manufactures stock containers of different ranges and sells all over the global market. The company has different operations in Argentina, Brazil, Espana, Italia, North America, Ukraine and Deutschland. The company is the former subsidiary of the Compagnie de Saint-Gobain S.A. Verallia is the third largest producer of the glass packaging for the food and beverages industry and supplies innovative and environment-friendly solutions to more than 10,000 customers in the global market. The company’s key focus area is increasing the market share in glass packaging market through internal growth and acquisitions. It uses well-established strategy to develop technologies that generate attractive cash returns. As a result, it expects to continue to increase the number of their product offerings in the market and acquire new customers and distribution channels.
Vidrala S.A. is a privately held company with 9 production sites in over 5 countries Spain, Portugal, Belgium, England, Italy. The company supplies different varieties of product in the food and beverage industry. The company has its business activities in complete value chain of glass, starting from raw material procurement, melting process, forming, to packaging and distribution. Vidrala has the production capacity of 8 billion containers of glass bottles, per year. The company uses 51% recycled glass in its operations. The company operates through two regional segments, namely European Union and Spain union. Vidrala sees its key strategy in expansion. The company has improved its operational efficiencies and has expanded its geographic presence by setting up facilities, across the globe, to cater to the standard and customized needs of the client base.
BA Vidro is a manufacturer and a marketer of glass bottles. The company has a partnership with CVC Capital Partners financial group, which had purchased USA’s Anchor Glass, which has six manufacturing facilities, 11 furnaces and 31 machines that have a production capacity of nearly 5 billion glass containers, per year. Anchor Glass serves various segments such as food and beverage, beer, ready to drink and liquor products and its manufacturing facilities are located in Georgia, Indiana, Oklahoma, New York and Florida, which will increase their market share. The company is focusing on its current and future customers and building the image of the best premium quality goods provider through innovation, and consistent services, which will build and keep the trust within the customer. BA Vidro is encouraging and developing the talent of its employees so that they can create an opportunity for them as well as for the company and build its core competency
Early Diners Are Offered Free Customization- Up to 20%
Get Attractive Discount @ https://www.marketresearchfuture.com/check-discount/1258
Segmental Analysis
The glass packaging market globally is segmented on the basis of applications, product, and region. The product based segmentation of the market consists of premium glass quality, standard glass quality, and super premium glass quality. By Product, the premium quality glass controlled the glass packaging market in 2017 with a share of 38.2 percent. The market is expected to increase at a CAGR of 3.36 percent during the forecast period. By applications, the market is segmented into beverage packaging, food packaging, personal care packaging, pharmaceuticals packaging, and others. The beverage packaging is controlling the glass packaging market and is also estimated to develop with a rapidly growing CAGR in the forecast period.
Detailed Regional Analysis
The regional analysis of the glass packaging market covers regions such as Europe, Americas, Asia Pacific, Middle East and Africa. The Asia Pacific had been controlling the glass packaging market in 2017 with 34.3 percent share and is estimated to be the most rapidly increasing market through the forecast period. The increasing consumption of alcoholic beverage motivates the market in the region. Moreover, improved disposable income levels among individuals, fluctuating preferences, and lifestyles of consumers, also has had an encouraging effect on the development of the market. India, China, Japan, and South Korea are the important contributors in the market. China is the leading country for the market in the region. Therefore, the region is projected to observe the top CAGR of 3.60 percent and maintain its foremost position in the market through the forecast period. The Americas region is a significant market for glass packaging. The region has observed amplified investment in R&D and product innovation as far as packaging is concerned. Also, the strict food safety policies in countries like Canada and U.S. increased consumption of beverages, and the elevated growth rates in the pharmaceutical sector are the factors motivating the demand for glass packaging in the region.
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
4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Increased Consumption Of Beverages
4.2.2 Growth In The Pharmaceutical Industry
4.2.3 Several Environmental Benefits
4.2.4 Drivers Impact Analysis
4.3 Restraints
4.3.1 Availability Of Other Alternatives
4.3.2 Restraints Impact Analysis
4.4 Opportunity
4.4.1 Scope In Developing Nations
Continued…….
Ask for your specific company profile and country level customization on reports.
Get More Information on Glass Packaging Market Research Report – Forecast to 2022 @ https://www.marketresearchfuture.com/reports/glass-packaging-market-1258
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/glass-packaging-market-1258