Press release
Glass Packaging Market to exceed $65bn by 2024| Top Key Players Ardagh Group, Vidrala S.A., Owens-Illinois Inc, Vitro Packaging LLC, Amcor Ltd, Gerresheimer AG
Glass Packaging Market
The ever-growing healthcare industry will be a significant factor behind the glass packaging market development in the near future. In 2016, healthcare industry had observed revenue gains exceeding USD 1.5 trillion and is probable to follow the similar trend during forecast timespan. Rising demand for medicines and pharmaceutical products will boost the glass packaging market due to its chemical inertness towards liquid syrups.
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According to a new research report by DecResearch Glass Packaging Market size is projected to exceed USD 65 billion up to 2024.
Certain limitations of glass such as transport related difficulties, brittleness and high cost have led to the rising popularity of plastic bottles and metal cans in recent times. Ease of transportation and handling, moldability and other favorable properties of plastics might have a negative impact on the glass packaging market by 2024. Yet, glass contributed to over 60% share in beer packaging industry in the year 2015 with promising gains in future. The factors like tolerance towards corrosive effect of alcohol, heat-tolerance during the pasteurization process, higher viscosity compared to plastics and recyclability will contribute to the product's usage in packaging during timeframe.
Intensifying beer consumption amongst the emerging nations is likely to propel the glass packaging market development for its extensive use in beer bottle production. Beer consumption rate in India, Romania and Columbia witnessed an annual growth of 6% in 2015. Mexico and Vietnam observed the highest beer consumption rate gains, approximately 6.5% and 7.5% respectively during the same timeframe. Breweries present exclusive glassware for every brand of beer served by them. Contributing to the promotional activities, industry participants tend to engineer the bottles before the beer. These trends of beer consumption hike feature a positive outlook for the industry by 2024.
Certain limitations of glass such as transport related difficulties, brittleness and high cost have led to the rising popularity of plastic bottles and metal cans in recent times. Ease of transportation and handling, moldability and other favorable properties of plastics might have a negative impact on the glass packaging market by 2024. Yet, glass contributed to over 60% share in beer packaging industry in the year 2015 with promising gains in future.
Borosilicate products provides better resistance against shock and hydrolysis, which enables its usage in production of cookware, glassware and laboratory equipment. Soda lime segment has been frequently used in food & beverages sector. This segment is likely to occupy a considerable share of glass packaging market through 2024.
Geographically, Asia Pacific accounted for more than one-third of the total glass packaging industry. Rising alcohol consumption coupled with advances in pharmaceutical industry will present brighter growth aspects for the regional product market growth by 2024. Growing hospitality & tourism sector in China and India will drive the regional product market in coming years.
Key Point Table of Content:
Chapter 7. Company Profiles
7.1. Amcor Ltd
7.1.1. Business overview
7.1.2. Financial data
7.1.3. Product landscape
7.1.4. SWOT analysis
7.1.5. Strategic outlook
7.2. Ardagh Group
7.2.1. Business overview
7.2.2. Financial data
7.2.3. Product landscape
7.2.4. SWOT analysis
7.2.5. Strategic outlook
7.3. Bormioli Rocco SpA
7.3.1. Business overview
7.3.2. Financial data
7.3.3. Product landscape
7.3.4. SWOT analysis
7.3.5. Strategic outlook
7.4. Consol Specialty Glass (Pty) Limited
7.4.1. Business overview
7.4.2. Financial data
7.4.3. Product landscape
7.4.4. SWOT analysis
7.4.5. Strategic outlook
7.5. Gerresheimer AG
7.5.1. Business overview
7.5.2. Financial data
7.5.3. Product landscape
7.5.4. SWOT analysis
7.5.5. Strategic outlook
7.6. Hindusthan National Glass & Industries Ltd
7.6.1. Business overview
7.6.2. Financial data
7.6.3. Product landscape
7.6.4. SWOT analysis
7.6.5. Strategic outlook
7.7. Heinz-Glas GmbH
7.7.1. Business overview
7.7.2. Financial data
7.7.3. Product landscape
7.7.4. SWOT analysis
Continue...
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Key market players Amcor Ltd, Consol, Bormioli Rocco SpA, Heinz-Glas GmbH, Hindusthan National Glass & Industries Ltd, Nihon Yamamura, Gerresheimer AG, Ardagh Group, Saint-Gobain S.A., Koa, Owens-Illinois Inc., Stolzle-Oberglas GmbH, Vidrala S.A., Piramal, and Vitro.
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Phone: 1-302-846-7766
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