Glass Packaging Market Analysis Top Key player Included Saint-Gobain S.A, Amcor, Bormioli Rocco, Ardagh Group, China Glass Holdings, Gerresheimer AG, Hindusthan National Glass & Industries, Heinz-Glass, Koa Glass, Orora Packaging Australia

The global glass packaging market was valued at US$ 53,616.38 million and 72,030.27 kilo tons in 2016 and is expected to expand at a CAGR of 4.9% in terms of revenue and 4.8% in terms of volume during 2017 – 2025.

Regional Insights

Asia-Pacific, followed by Europe, and North America, respectively accounted for major share in the global glass packaging market both in terms of revenue and volume in 2016 and the trend is estimated to remain the same over the forecast period. In 2016, Asia-pacific held a market share of 38.5% in terms of value in the global glass packaging market. The rising population, increasing beer consumption in China, India, and ASEAN countries, and rise in the standard of living are the major factors fueling the growth of glass packaging market in Asia-Pacific. In Europe, the alcoholic beverages and beer consumption is increasing at a huge pace, especially in France, Italy and Germany. Also, there is a huge demand of attractive shape glass bottles by wine and spirit manufacturing companies in Europe, which in turn is allowing glass packaging market to grow at a significant pace over the following years.

Download PDF Brochure of This Report Made by an Industry Experts @ https://www.coherentmarketinsights.com/insight/request-pdf/407

Alcoholic Beverages (except Beer) is the largest end-use industry, followed by Beer for glass packaging market

Alcoholic end-use industry segment is expected to be the dominant industry, followed by beer in the global glass packaging market over the forecast period and are also expected to witness fastest growth over the following decade. The rapid increase in alcohol consumption, especially in the Asia-Pacific and Europe regions is the major driving force for the growth in glass packaging market. Also, the growing population coupling with high standard of living are the also the key factors driving alcohol consumption around the world. The glass bottles are mostly preferred by beer and wine manufacturers, thus, the increasing beer consumption in China, India, and other developing economies are adding up to the significant growth in global glass packaging market. Furthermore, the ability of glass materials to occur in different attractive shapes are propelling wine manufactures to use the glass bottles for packaging. Hence, the rise in wine market in Europe and Asia-pacific region is coupling the growth of glass packaging market globally.

Multinational players

Major players in the global glass packaging market include Saint-Gobain S.A, Amcor, Bormioli Rocco, Ardagh Group, China Glass Holdings, Gerresheimer AG, Hindusthan National Glass & Industries, Heinz-Glass, Koa Glass, Orora Packaging Australia, Nihon Yamamura Glass, Owens-Illinois Inc., Piramal Glass and Consol Glass.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

This release was published on openPR.