Global Glass Packaging Market Growth by 2022- Industry Analysis, Size, Share, Trends, Key Vendors, Drivers and Forecast

Report Description:
Glass is one of the most trusted and tested packaging materials in terms of health, taste and the environment safety. Glass packaging is 100% recyclable and can be recycled, repeatedly without loss in quality or purity. Presently, around 80% of the glass that is recovered is converted into new glass products. Additionally, glass consists of a single material, which reduces energy and material waste during production. .

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Glass packaging keeps the products safe and healthy for longer periods because glass is non-reactive with many consumable and non-consumable products. Glass is commonly known for its recyclability and reuse. This makes it the best packaging product for alcoholic, non-alcoholic beverages, and pharmaceutical products. Glass has a number of properties such as sterility, chemical inertness, and malleability, and water-resistance, which make it more appropriate for packaging a variety of perishable and non-perishable products.

The global glass packaging market consist of players such as, Owens-Illinois Inc. (U.S.), Ardagh Group (Luxembourg), Vidrala S.A. (Spain), BA Vidro (Portugal), Gerresheimer AG (Germany), and Vetropack Holding Company (Switzerland). Stölzle Glass Group (Switzerland), Verallia (France), Piramal Enterprises Limited (India)

The glass packaging market is mainly driven by various factors such as increased consumption of beverages, especially alcoholic beverages, and carbonated soft drinks (CSD) is considered one of the key factors behind the demand for glass packaging. Growth in pharmaceutical industry, and several environmental benefits associated with glass packaging are expected to be a few of the other drivers of the market during the forecast period. .

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For the purpose of study, the market has been segmented on the basis of product, application, and region. On the basis of product, in 2016, Standard glass quality held the largest share of the global glass packaging market. On the basis of application, the market has been segmented as beverage packaging, pharmaceutical packaging, food packaging, personal care packaging, and others. Beverage packaging has dominated the market during the forecast period.

The global glass packaging market is expected to progress at 3.29% CAGR during the forecast period. In 2017, the market was led by Asia-Pacific, with a 34.3% share, followed by Europe and North America with shares of 27.9% and 22.0%, respectively..

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