Glass Packaging Market Business Outlook 2020 to 2025 | Linde AG, Messer Group GmbH, Praxair Inc., Shanghai Chinllenge Gases Co. Ltd

Glass Packaging - A Market Overview and Forecast 2020 - 2025, This report presents a profound evaluation of basic elements of Glass Packaging industry such as production scale and profit generation. Market driving factors, newly adopted technologies, latest business methodologies have been discussed in this report. The report also forecasts the potential of the market and reviews thorough analysis of vital segments and regional markets.

The global glass packaging market was estimated at USD 56.64 billion in 2019, and it is expected to register a CAGR of 4.39%, to reach USD 73.29 billion by 2025.

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The Glass Packaging Market is competitive owing to the presence of various international and domestic manufacturers. The market appears to be fragmented with the vendors competing in terms of price, capacity, volume, product quality, and technological innovation in the market. Some of the major players in the market are Linde AG, Messer Group GmbH, Praxair Inc., Shanghai Chinllenge Gases Co. Ltd, Taiyo Nippon Sanso Corporation, and Air Liquide SA.

Industry Latest News:

26.01.2020: Flex Hungary is a company that manufactures numerous automotive and electronic components. They are produced on fully automated production lines and the plastic parts of the components need to be cleaned prior to the coating process. Flex Hungary performs this task with the quattroClean snow cleaning technology, for which Messer in Hungary supplies liquid CO2 as the cleaning agent. Together with the partner acp systems, Messer has also supplied the necessary application technology for gas pressure and temperature control. The advantage of the quattroClean snow cleaning technology is that a fine CO2 snow jet envolves a combination of thermal, mechanical, sublimation and solvent effects after impacting the surface to be cleaned. Thanks to these four effective cleaning mechanisms, the system reliably and reproducibly removes particulate and filmic contamination from the entire surface or, if required, only from a specific area. The cleaning process is so gentle on materials that it can even be used to clean delicate and finely-structured surfaces. In this way, Flex Hungary ensures greater efficiency and consistently high product quality, along with reduced amounts of waste.

Glass Packaging is known as one of the most trusted forms of packaging for health, taste and environments safety. Despite facing heavy competition from plastics, the ability of glass to self-portray a premium image while maintaining the freshness and safety of the product can ensure its presence, worldwide, across a range of end-user industries.

- Rising consumer demand for safe and healthier packaging is helping glass grow in different categories. Also, innovative technologies for embossing, shaping and adding artistic finishes to glass are making glass packaging more desirable among end-users. Furthermore, factors such as the increasing demand for eco-friendly products, and the rising demand from the food and beverages market are stimulating the growth of the market.
- Also, the recyclable nature of glass makes it environmentally the most desired packaging type. The lightweight glass has been the significant innovation in recent times, offering the same resistance as the older glass materials and higher stability, reducing the volume of raw materials used and CO2 emitted.
- From a regional point of view, emerging markets like India and China are witnessing high demand for beer, soft drinks, and ciders, owing to the increasing per capita spending of the consumers and their changing lifestyles. However, the increasing operational costs and growing usage of substitute products such as plastics and tin are restaining the market growth.

Scope of the Report

Glass is one of the most preferred packagings for consumers who are concerned about their health and the environment. They are made from all-natural sustainable raw materials. Glass packaging preserves the product's taste or flavor and maintains the integrity or healthiness of foods and beverages. Glass is considered GRAS or generally recognized as safe by the U.S. Food and Drug Administration. It's also 100% recyclable and can be reused endlessly with no loss in quality or purity.

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Competitive Insights

April 2019: Owens Illinois has entered into a definitive agreement to acquire Nueva Fanal,which is located near Mexico city, and is a container glass manufacturing facility from Grupo Modelo.
November 2018: Piramal Glass has deployed Microsofts Azure IoT platform to digitally transform its manufacturing operations. The company is an early adopter of the technology and has implemented Real-Time Manufacturing Insights (RTMI), on 46 production lines across their four plants.

Beverage Industry To Hold The Highest Market Share

- The market for glass packaging in the alcoholic beverage industry is facing intense competition from metal packaging in the form of cans, but it is expected to maintain its share during the forecast period, due to its preference in the premium products. The growth is expected to be observed across different beverage products like juices, coffee, tea, soups, non-dairy beverages, and others.
- Amongst alcoholic beverages, beer witnessed tremendous growth in the past few years, as the majority of beer volume is sold in glass bottles and is driving the need for increased production rates in the glass packaging industry. The increasing demand for premium variants in alcoholic drinks is driving the growth of glass bottles. Developing nations like India are also showing much higher quality perception for beer.
- Also, returnable glass bottles remain a significant form of product delivery for all major companies in the non-alcoholic beverage industry as they provide a cost-effective method. For instance, currently, about 70% of the bottles used for natural mineral water are made of plastic. The choice of the bottled water packaging material is increasing, taking into account, the environmental considerations.

Furthermore, this study will help to solve the following issues:

Cyclical dynamics-Report foresees dynamics of industries by using core analytical and unconventional market research approaches.
Identifying key cannibalizes- Strong substitute of a product or service?is that the?most prominent threat. Report includes key cannibalizes of a market, by procuring?marketing research. This helps in aligning new product development/launch strategies?before.
Spotting emerging trends- Report helps?to identify?upcoming hot market trends. Report also track possible impact and disruptions which a market would witness by?a specific?emerging trend.
Interrelated opportunities-This report will allow making decisions based on data, thereby increasing the chances that the strategies will perform better.

Customization of the Report:

The report could be customized according to the client's specific research requirements. No additional cost will be required to pay for limited additional research.

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