New York – October 10, 2022 – The recent market research analysis of “Glass Packaging Market: Global Demand Analysis & Opportunity Outlook 2033” by Research Nester delivers an in-depth competitors analysis and a detailed overview of the global glass packaging market in terms of market segmentation by glass type, application, and by region over the forecast period, i.e., 2023-2033.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with a detailed discussion on current and future market trends that are associated with the growth of the global glass packaging market. These analyses help organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future. Additionally, the growth opportunities exposed by the market are poised to gain significant momentum in the next few years.
Glass packaging market to find numerous growth opportunities on the back of growing sales of snacks and pickles, finds Research Nester
The global glass packaging market is estimated to grow majorly on account of the skyrocketing export/import volume of alcohol and easy recycling of glass bottles. As of 2018, around 40% of beer and soft drink bottles were recycled. Additionally, the increasing utilization of glass packaging in the fragrance industry and tea & coffee is further expected to fuel the growth of the market over the forecast period. For instance, in 2021, about 300 billion liters of tea were consumed by the global population.
The global glass packaging market is segmented on the basis of application into food & beverage, personal care, cosmetics, pharmaceuticals, household care, agriculture, and others. The food & beverage segment is to garner the highest revenue by the end of 2033 by growing at a significant CAGR over the forecast period. The growth of the segment can be ascribed to the rising sales of packed food across the globe. For instance, the food and drink segment was anticipated to reach around USD 0.75 billion in 2022.
By region, the Asia Pacific glass packaging market is to generate the highest revenue by the end of 2033. This growth is anticipated by higher demand for ready-to-eat meals, alcohol, and soft drinks, and the constantly rising population of the region. As of 2018, the population of Asia Pacific was estimated to hit approximately 4500 million. Hence, all these factors are expected to hike the growth of the market over the forecast period.
The research is global in nature and covers detailed analysis on the glass packaging market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).
In addition, analysis comprising of global glass packaging market size, Y-O-Y growth & opportunity analysis, market players’ competitive study,
investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
This report also provides the existing competitive scenario of some of the key players of the global glass packaging market which includes company profiling of Ardagh Group S.A., PGP Glass Private Limited, Verallia Group, Bormioli Luigi S.p.A., VITRO Flat Glass LLC, Stoelzle Oberglas GmbH, Amcor Limited, Mondi plc, Gerresheimer AG, Westpack LLC, and others.
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global glass packaging market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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/516The 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.
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.
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.
Glass Packaging Market:WiseGuyReports.com adds “Global Glass Packaging Market Size, Status and Forecast 2020-2025” reports to its database.Executive SummaryThe Global Glass Packaging Market, valued at USD 50.25 Billion in the year 2019 has been witnessing unprecedented growth in the last few years on the back of increasing demand for safe and healthier packaging, increased consumption of alcoholic beverages, and rising environmental concerns.
Additionally, increasing demand of food and Beverage and Pharmaceutical Industry will drive the Glass Packaging market value in the near future.Among the Glass Type of the Glass Packaging market (Type-I, Type-II and type-III), Type-II has been gaining popularity globally and is expected to keep growing in the forecast period.
The increasing demand of Alcoholic beverages and food and beverages is expected to infuse market growth tremendously.However, the market for glass packaging will witness dramatic fall in the year 2020 because of the COVID-19 pandemic that has resulted in shutting down of production facilities, restrictions in the movement of finished products and economic slowdown.Scope of the Report• The report analyses the Glass Packaging market by Value.• The report analyses the Glass Packaging Market by Glass Type (Type-I, Type-II, Type-III).• The report analyses the Glass Packaging Market by End user (Alcoholic Beverages, Food and non- alcoholic beverages, Pharmaceutical, Others).• The Global Glass Packaging Market has been analysed By Region (Americas, Europe, Asia Pacific, and Rest of World) and By Country (United States, Mexico, Brazil, Canada, Germany, France, United Kingdom, China, Japan, India).• The attractiveness of the market has been presented by region, by Glass Type and By End user.
Also, the major opportunities, trends, drivers and challenges of the industry has been analysed in the report.• The report tracks competitive developments, strategies, mergers and acquisitions and new product development.
The companies analysed in the report include Amcor ltd., Verallia, Ardagh group, Owens-Illinois, Bormioli Rocco, HNGIL, Heinz-glas, Piramal Glass, Vetropak and Vidrala.• The report analyses the impact of Covid-19 on glass packaging market.• The report presents the analysis of Glass Packaging market for the historical period of 2015-2019 and the forecast period of 2020-2025.Key Target Audience• Glass Manufacturers• Food and Beverage Companies• Consulting and Advisory Firms• Government and Policy Makers• Investment Banks and Equity Firms• Regulatory AuthoritiesTable of Contents1.
Global Glass Packaging Market: Regional Analysis8.
