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Container Glass Market Segmentation Success Stories How to Identify and Target Your Audience Effectively
Container Glass Market
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Prime Determinants of Growth
- Increasing demand from food & beverage and pharmaceutical sectors drives global container glass market growth.
- Environmental hazards from manufacturing hinder growth but lightweight product emergence offers new opportunities.
Covid-19 Scenario
- Global lockdown led to temporary food & beverage hub closures, reducing container glass demand.
- Reduced construction and infrastructure activities during lockdown also impacted container glass consumption.
Post-pandemic recovery expected with increased demand from healthcare, pharmaceuticals, and e-commerce sectors.
Market Segmentation
Forming Method: Press & blow segment maintained highest market share in 2020, projected to lead through 2030. Narrow neck press & blow segment to witness highest CAGR (7.2%) due to increased alcoholic drink consumption and fashion trends.
End Use: Food & beverages segment dominated in 2020 and expected to maintain lead position. Pharmaceuticals segment to exhibit largest CAGR (7.5%) due to disease severity and increased adoption of container glass for packaging.
Region: Asia-Pacific, followed by Europe & North America, held highest market share in 2020 and is expected to witness fastest CAGR (7.3%) from 2021 to 2030.
Leading Market Players
- Amcor Limited
- FrigoGlass
- Owens-Illinois Inc.
- Consol Glass Pty Ltd.
- Central Glass Co. Ltd.
- Vitro S.A.B de C.V.
- Vidrala
- Hindusthan National Glass Industries Limited
Conclusion
The container glass market is anticipated to witness significant growth from 2021 to 2030, driven by increasing demand from the food & beverage, pharmaceutical, and e-commerce sectors. The press & blow segment is expected to maintain its leadership status, with the narrow neck press & blow segment projected to exhibit the highest CAGR. Asia-Pacific, Europe, and North America are expected to maintain their dominance in the market.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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