Major Suppliers In Glass Processing Equipment 2030: BENTELER International, IGE Glass Technologies, LandGlass Technology, LiSEC, Shenzhen Handong Glass Machinery, Siemens, SK Glass Machines, Biesse Group

Introduction
Glass is a traditional packaging material and has undergone continuous innovation and reinvention. Glass processing equipment is extensively utilized in several end-use sectors, for instance, automotive, consumer electronics, construction, food & beverages, and other sectors. The global processing equipment market shows impressive growth prospects during the forecast period.

Growing construction projects are utilizing curtain walls as an alternative to the traditional walls. Technological progressions have further led to the modification of the attributes of glass particularly based on strength and weight, which has escalated large-scale application and demand for glass in the construction industry and consecutively boosted sales of glass processing equipment.

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Glass Processing Equipment Market - Key Trends

Glass packaging is widely preferred by the food & beverage industry across geographies. The glass packaging does not get contaminated with the product since it does not trigger any chemical reaction with the product inside and keeps its safety, flavor brilliance, and freshness.

The market is also gaining traction as various glass packaging plants are setting up glass processing equipment which will further help them to reuse and redesign new packaging.

Furthermore due to glass packaging's eco-friendly nature manufacturers are increasingly employing glass processing equipment in the facilities. Major raw materials utilized in the manufacturing process are limestone, sand, and soda ash.

Glass Processing Equipment Market - Growth Restraints

Manufacturers of soft drinks are moving from glass to paper packaging, which will hamper the market growth in the coming years.

Fluctuating raw material costs is anticipated to negatively affect the worldwide glass processing equipment market. The cost of silicon is unstable at the worldwide level which limits the development of the glass processing equipment market.

COVID-19 Impact on Glass Processing Equipment Market

The COVID-19 pandemic has put a strain on packaging companies as individuals strictly following stay at home orders. The glass processing equipment market has been experiencing a supply-demand gap at the onset of the crisis.

Manufacturing units are confronting short terms operations delays as fewer employees have access to the sites. However, gradually, market players will be rethinking their business strategies to stay afloat amid the crisis, while ensuring safety and health in the industrial sites.

Glass Processing Equipment Market - Region-wise Analysis

South Asia and East Asia is the main contributor to the global glass processing equipment market over the assessment period, 2020-2030. Rising application of glass in several products comprising chemicals, pharmaceuticals, food & beverages, and others is growing rapidly in nations like India and China. This, in turn, boosts the market growth in the Asian region.

North America and Europe will be accounting for gaining a substantial share in the global market as a result of the growing consumption of wine and beer. Furthermore, both the regions are home to pioneers of the glass processing equipment market.

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Glass Processing Equipment Market - Competitive Analysis

Major companies operating in the worldwide market includes OCMI-OTG, Glaston OYJ Abp, HEGLA GmbH & Co. KG, CMS Glass Machinery, Conzzeta Management, Biesse Group, Bottero Glass Technologies, BENTELER International, Siemens AG, LandGlass Technology, and IGE Glass Technologies.

Manufacturers are focusing on developing machinery with advanced technology that can diminish the entire processing time. Moreover, manufacturers are engaging in mergers and acquisitions to boost their global footprint. For instance,

GMMP (GMM Pfaudler) entered into an agreement with De Dietrich Process Systems India to take over their Glass Lined Equipment manufacturing unit at Hyderabad. The acquisition will help GMMP access to ready-made Glass Lined Equipment production capacity which will further boost its existence in the region.

Siemens launched SIMOTICS-S 1FK7 servo motor and SINAMICS S120 drive system to offer higher precision and reliability solutions while manufacturing flat glass.

Global Glass Processing Equipment Market: Market Segmentation

Based on type
Machinery for cutting glass
Machinery for breaking glass
Glass-grinding machine
Glass drilling machine
Others

Based on application
Food & Beverage
Construction
Automotive
Consumer Electronics and Furniture
Others


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Global Glass Processing Equipment Market: Key Players
BENTELER International
ZHONGSHAN DEWAY MACHINERY MANUFACTURE
IGE Glass Technologies
LandGlass Technology
LiSEC
Shenzhen Handong Glass Machinery
Siemens
SK Glass Machines
Biesse Group
Bottero
CMS Glass Machinery
Conzzeta Management
Glaston
HEGLA
OCMI-OTG

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This release was published on openPR.