Press release
Glass Bottles/Containers Market at a CAGR of 4%
Glass Bottles/Containers , glass bottles/containers market analysis, glass bottles/containers market economy, glass bottles/conta
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Glass is a 100% recyclable material manufactured with raw materials that include sand, limestone, soda ash and other ingredients. Glass containers are made using processes such as blow-blow, press and blow, and NNPB (narrow-neck press and blow) - a recent innovation.
The global production of glass containers in 2016 was 48.64 MMT and is estimated to reach 59.27 MMT by 2021, at a CAGR of 3.35%, while in terms of revenue, the market was worth USD 48.30 billion in 2014 and is projected to reach USD 61 billion in 2021, at a CAGR of 4%.
APAC region leads the market with a market share of 34% in 2016 while, on the other hand, Europe had a share of 29% during the same period. Added to this, the estimated growth rate in glass bottle end use industry i.e., beer industry in India, will further boost the sales and increase market share in the APAC region.
From end-use industries side, alcoholic beverages lead the usage of glass containers with a market share of 50%. Glass bottles are preferred over plastic bottles because of its chemical inertness towards the alcohol and thus, can be substituted.
Glass container industry is undergoing tremendous innovative changes in order to be more sustainable and customer preferable. As such, light weighting of glass bottles has become a focal point in the industry and as a result, glass bottles have become light by 50% as compared to three years. Light weighting aids in decreasing the logistics costs and thus, manufacturers of glass containers are more focusing on the same.
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DRIVERS
Downstream demand
Light weight
RESTRAINTS
Increase in raw material prices
What the report offers
Market definition for the global glass bottles/containers market, along with identification of key drivers and restraints.
Market analysis for the global glass bottles/containers market, with region-specific assessments.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities and identification of key companies that can influence the market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share.
Identification and analysis of the macro and micro factors that affect the global glass bottles/containers market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
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