Container Glass Market Resilience A Comprehensive Roadmap for Future Proofing Your Business

Allied Market Research recently released a report titled "Container Glass Market," forecasting significant growth in the industry from 2021 to 2030. The report highlights several key points:

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.alliedmarketresearch.com/request-sample/9992

Market Size and Growth: The global container glass market was valued at $82.2 billion in 2020 and is projected to reach $155.9 billion by 2030, indicating a compound annual growth rate (CAGR) of 6.7% during the forecast period.

Drivers of Growth: Increased demand from the food and beverage, as well as pharmaceutical sectors, is identified as a prime driver of market growth. However, environmental concerns related to manufacturing pose challenges. The emergence of lightweight container glass products presents new opportunities for the market.

Segment Analysis: The press & blow segment dominated the market in 2020, driven by the trend of reusable bottles in the food and beverage industry. The narrow neck press & blow segment is forecasted to witness the highest CAGR, attributed to increased consumption of alcoholic drinks and growing fashion consciousness.

End-User Analysis: The food and beverages segment led in 2020, owing to its use in food storage and premium alcoholic beverages. The pharmaceuticals segment is expected to exhibit the highest CAGR due to increased adoption for storage and packaging of medicines, alongside rising R&D activities.

Regional Insights: Asia-Pacific, followed by Europe and North America, held the highest market shares in 2020. Asia-Pacific is projected to witness the fastest CAGR, driven by utilization in pharmaceuticals, foods & beverages, and chemical manufacturing.

Key Players: Major players in the market include Amcor Limited, FrigoGlass, Owens-Illinois Inc., Consol Glass Pty Ltd., Central Glass Co. Ltd., Vitro S.A.B de C.V., Vidrala, and Hindusthan National Glass Industries Limited.

The report provides a comprehensive analysis of the container glass market, offering valuable insights for stakeholders and investors.

𝐎𝐛𝐭𝐚𝐢𝐧 𝐑𝐞𝐩𝐨𝐫𝐭 𝐃𝐞𝐭𝐚𝐢𝐥𝐬: https://www.alliedmarketresearch.com/container-glass-market-A09627

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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.

This release was published on openPR.