Glass Bottles and Containers Market 2022 is estimated to clock a modest CAGR status during the forecast period 2022-2026 With Top Countries Data

The "Glass Bottles and Containers Market" provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the Market’s growth. The rise in the aviation sector is escalating the growth of the Glass Bottles and Containers Market. Increased adoption of superior technology consisting of synthetic intelligence and system learning, a developing quantity of records and growing utility of records answers through an extensive variety of ends person verticals consisting of banking, economic services, and insurance, authorities and public sector, telecommunications and IT, energy, healthcare and others are the foremost elements as a consequence of the increase of the market.

The Global Glass Bottles and Containers Market Size is Projected to Reach at a CAGR of 4.91% during 2022-2026.

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Market Overview:

- Glass packaging is 100% recyclable, which makes it a desirable packaging option from the environmental point of view. 6 tons of recycled glass directly save 6 tons of resources and reduce the emission of CO2 by 1 ton.
- One of the main factors driving the growth of the market is the increase in beer consumption worldwide. Beer is one of the alcoholic beverages that use glass bottles for packaging. It is packed in dark-colored glass bottles to preserve the contents, which are prone to spoilage when exposed to UV light. Additionally, according to the NBWA Industry Affairs, 2019, the US consumers who are 21 years and older consume over 26.5 gallons of beer and cider per person annually.

Key players in the global Glass Bottles and Containers Market covered:

Ampak Inc., Owens-Illinois Inc., Vitro Canada, Richards Packaging, Inc., Zenan Glass, Salbro Bottle Inc.,

Recent Development:

- January 2020 - Ardagh Group, Glass - North America, a business unit of the company and the largest domestic manufacturer of glass bottles for the US wine market, introduced six new sophisticated glass wine bottle designs.
- November 2019 - Owens-Illinois set up a glass collection center at its headquarters for America Recycles Day. O-I collected the glass and hauled it to a Rumpke Recycling facility to be processed. Some of the recyclables will later be sent to O-Is glass manufacturing sites in Zanesville, Ohio, and Lapel, Indiana, to be repurposed into fiberglass or new packages for wine and beer.

Market Segmentation by Type:

Transparent Glass
Opaque Glass

Market Segmentation by Application:

Alcoholic Beverage
Non-Alcoholic Beverage
Food
Cosmetic
Pharmaceutical
Other

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Key Market Trends

Liquor Beverages is expected to Account for Significant Market Share

- Glass is among the most preferred packaging material for packaging alcoholic beverages, such as spirits. The ability of glass bottles in preserving the aroma and flavor of the product is driving the demand. Various vendors in the market studied are also observing the increasing demand from the spirit industry. For instance, Piramal Glass, whose clients include Diageo, Bacardi, and Pernod Ricard, mentioned that it sees an increase in the demand for short-run specialty bottles for spirits.
- The glass bottle is most favored in wine packaging, especially colored glass; reason being, that wine should not be exposed to sunlight; otherwise, it gets spoiled. The growing consumption of wine is expected to spearhead the glass packaging demand over the forecasted period; for instance, according to OIV, the global wine production during fiscal 2018 stood at 292.3 million hectoliters.

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Asia- Pacific is Expected to Hold the Largest Market Share

- The Asia-Pacific region is expected to register a significant growth rate compared to other nations owing to an increase in demand for pharmaceutical and chemical industries, which prefers glass packaging because of the inert nature of glass bottles. China, India, Japan, and Australia among others are the prominent nations majorly contributing to the growth of the Asia Pacific glass packaging market.
- The pharmaceutical and healthcare sector in China is one of the largest markets in the world, mainly driven by its ageing population. Due to the recent regulatory changes in the country, the foreign pharmaceutical companies are facing difficulties in conducting business, especially when it comes to market entry and price control. Hence, there is a potential growth opportunity for the domestic players as they might experience an increase in demand for glass bottles and containers from these companies.

Table of Contents: Glass Bottles and Containers Market

- Chapter 1: outline of Glass Bottles and Containers marketplace

- Chapter 2: worldwide market reputation and forecast through areas

- Chapter 3: worldwide marketplace popularity and forecast by using types

- Chapter 4: worldwide marketplace repute and forecast by using Downstream enterprise

- Chapter 5: marketplace riding issue evaluation

- Chapter 6: market opposition reputation by major producers

- Chapter 7: essential producers Presentation and market data

- Chapter 8: Upstream and Downstream marketplace investigation

- Chapter 9: Fetched and net part investigation

- Chapter 10: marketplace file end

- Chapter 11: research technique and Reference

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