Glass Packaging Market To Surpass US$ 78.0 Billion By 2027

The global glass packaging market was estimated to be valued more than US$ 60.0 billion in terms of revenue in 2019 and is predicted to grow at a CAGR of 3.4% during the forecast period (2020 to 2027).
Glass is widely preferred and used as a packaging material globally. Glass is made from all-natural sustainable raw materials and are widely used as a packaging material by end-users concerned about their health and the environment. Consumers prefer glass packaging for preserving a product’s taste or flavour and maintaining the integrity or healthiness of foods and beverages due to its nonporous & impermeable nature, and also it has zero rate of chemical interactions. Glass is made from sustainable raw materials such as silica, limestone, soda, and others.

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Market Opportunities
Product innovation and technological advancement in order to develop a lightweight bottle and recycle bottle are expected to offer potential opportunities to the market. For instance, in January 2020, Verescence has partnered with start-up What Matters to launch a range of 100% recyclable bottles with a non-slip effect. Thus, product innovation by the manufacturer is expected to propel the market growth of the glass packaging over the forecast period.

Global Glass Packaging Market - Impact of Coronavirus (Covid-19) Pandemic
Glass packaging manufacturers are encouraging recycling of packaging on during the pandemic so that these materials can be converted into new products. This scenario is expected to prevent disturbance in supply chain.

Competitive Section
Key players are operating in the global glass packaging market are Amcor Ltd, Ardagh Group, Gerresheimer, Hindustan National Glass & Industries Ltd, Koa Glass Co. Ltd., Owens Illinois Inc, Piramal Glass Limited, Saint-Gobain, Heinz-Glas, Wiegand-Glas, Vidrala SA, Vitro Packaging, Nihon Yamamura, Bormioli Rocco Spa, China Glass Holdings Limited, Consol Glass Limited, Stolzle-Oberglas GmbH, and Vetropack Holding AG

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Market Taxonomy
By Application
• Alcoholic beverages
• Beer
• Food & beverages
• Pharmaceuticals
• Others (personal care products, chemicals)
By Region
• North America
• Europe
• Asia Pacific
• Rest of the World

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This release was published on openPR.