Container Glass Market Growth, Trends, Absolute Opportunity and Value Chain 2015-2025
Global Container Glass Market: Drivers & Restraints
The global container glass packaging is booming on the back of rising consumer demand for pure, green and sustainable food and beverage packaging. As glass containers remain chemically inert, pure, and thus safer to be used, their popularity and demand is notably rising among end users. As container glass does not deteriorate, fade or stain the products inside the glass container remain as fresh as they were bottled. Further the perception of glass containers as having a high quality or superior image compared to plastic and metal containers is also accelerating the growth of global container glass market during the forecast period. The key property of container glass being chemically inert and highly transparent makes the container glass most suitable medium of packaging of liquor, pharmaceuticals, live saving drugs and other food and beverage items. Significant growth in the packaging and healthcare industry acts as a major driver in the global container glass market. The recyclable property of container glass is another major advantage of container glass which makes it the most preferred choice of packaging and drive the global container glass market through the forecast period.
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Global Container Glass Market: Segmentation
On the basis of product type, the global container glass market is segmented into
On the basis of end use industry the global container glass market is segmented into
Food & Beverage Packaging
Cosmetics & Perfumery
Other (consumer products) packaging
Global Container Glass Market: Region-wise Outlook
In terms of geography, the global container glass market has been divided in to seven key regions including North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific excluding Japan, Middle East & Africa and Japan. The global container glass market is expected to register a double digit CAGR during the forecast period. Asia Pacific followed by North America is expected to dominate the global container glass market by the end of 2025. Asia Pacific, especially its emerging economies of India and China is expected to register a high CAGR among all other regions by the end of 2025. High growth of food and beverage packaging industry globally, coupled with rising cosmetic sales, changing consumer lifestyles and rising disposable income is driving the demand of global container glass market during the forecast period.
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Global Container Glass Market: Key Players
Key players in the global container glass market Owens Illinois Inc., Saint Gobain S.A, Vitro ,S.A.B de CV, Vetropack Holding Ltd, Hindustan National Glass & Industries Ltd and HNG glass.
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