Market Research Report
Global Glass Packaging Market Size, Growth – Industry Forecast Report 2025
The global glass packaging market size was USD 87.61 billion in 2017. The market growth is rebounding due to the growing consumer demand for glass as a result of its natural antimicrobial properties.
The raw materials required for the production of glass including soda ash, silica sand and limestone, are easily available. Glass is an inert product manufactured by melting these materials with metallic oxides, to obtain the desired color to the final product.
Request a sample copy of this
report: https://www.adroitmarketresearch.com/contacts/request-sample/516
The global glass industry is divided into four major categories including container glass, flat glass, fiber glass and specialty glass. Container glass is utilized in the glass packaging industry in the form of bowls, bottles and jars. Many glass containers are also utilized in other industries such as pharmaceutical, personal care, food, spirits and perfumes. Among different categories of glass being produced globally, container glass accounts for a major market revenue share of about 45%.
Glass continues to be viewed as a luxury item, especially within the personal care & cosmetic sector. Other than this fast-paced sector, glass is also used for packaging alcohol including spirits and beers. Alcohol beverages (excluding beer) accounted for 49.3% of the global glass packaging volume share in 2017, followed by beer.
The growing consumption of alcohol and beer is expected to drive the growth of the global glass packaging market over the next few years. The global beer production stood at 1.3 billion hectoliters in 1998 and increased to 1.95 billion hectoliters in 2017. Increasing beer consumption, especially among the youth of emerging economies, is expected to drive market growth. The growing demand for premium and craft beer is expected to drive the global market, consequently, augmenting the growth of the global glass packaging market.
Pharmaceutical is another application within the global glass packaging industry anticipated to witness significant gains over the forecast period, at a volume CAGR of 3.9% over the forecast period. The hydrolytic stability of glass makes it a viable option for storing pharmaceuticals as they do not react with the solution. The growth of the pharmaceutical industry is expected to provide an impetus to the growth of the global glass packaging market over the forecast period.
Click to Continue Reading on https://www.adroitmarketresearch.com/industry-reports/glass-packaging-market
The presence of substitute materials such as plastics and paper are expected to hamper the growth of the global glass packaging market. Plastics are a major threat to glass within the global packaging industry on account of their durability, flexibility and lightweight. However, plastic packaging requires an external addition of antimicrobial chemicals (during the production of containers) and there is a risk of chemicals (polymers as well as antimicrobials) leeching into the packed substance. As these packaging materials are used for containing foods, beverages and personal care products, which come in direct contact, mixing of chemicals with the product may have adverse effects on human health. Thus, consumers prefer glass packaging due to their aseptic properties.
Countries such as China, India, and Brazil have seen significant growth in the glass packaging industry on account of the exploding development of the FMCG sector. The anticipated growth of the sector in these countries driven by increasing disposable income of consumers coupled with their substantial growth and size of economies is expected to drive the global glass packaging market.
Asia Pacific was the largest market for glass packaging closely followed by Europe. Together, these regions accounted for 69.5% of the global glass packaging market volume share in 2017. Preference for glass over other materials among consumers in these regions is expected to augment the growth of the market.
Key players in this market include Consol Glass, Owens-Illinois Inc., Ardagh Packaging Group PLC, Piramal Glass, AGI Glaspac, Vidrala SA, Hindustan National Glass & Industries Ltd, Nampak Ltd, Amcor Ltd, Carib Glassworks Ltd, VITRO, Gerresheimer AG and Toyo Glass Co. Ltd. among others.
About Adroit Market Research:
Adroit Market Research provide quantified B2B research on numerous opportunistic markets, and offer customized research reports, consulting services, and syndicate research reports. We assist our clients to strategize business decisions and attain sustainable growth in their respective domain. Additionally, we support them with their revenue planning, marketing strategies, and assist them to make decisions before the competition so that they remain ahead of the curve.
Contact Us:
Ryan Johnson
Adroit Market Research
3131 McKinney Ave #600
Dallas, TX 75204
Tel: +1-214-884-6068
