Glass Packaging Market 2021 : Evolving Industry Trends and key Insights

Market Research Future published a research report on “Glass Packaging Market Research Report- Forecast 2021” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2021.
Global Glass Packaging Market Information by Application (Alcoholic beverages, food & beverages, pharmaceuticals and others) and by Region - Forecast to 2021

Global Glass Packaging Market - Overview

Glass is the material of choice for packaging; glass packaging is environment friendly as glass is infinitely recyclable. Glass is the trusted and proven packaging for health, taste and the environment. It uses for packaging beverages, food products, personal care products, pharmaceutical products, and household products. It is widely used in the packaging of perishable goods and for products that can react with the packaging materials. Food and beverages are stored in glass containers and bottles as it is impermeable and non-porous. This makes it easy to keep intact and preserve the flavours and smell of the food and beverages. Moreover, launch of new varieties of consumer goods such as soft drinks, alcoholic drinks, and spirits increased the volume sales of packaged goods.

Glass container manufacturers have been responsive to the numerous demands of consumers resulting in innovative designs, lighter weight packages, and establishment of various brands. Consumers have placed greater emphasis on greener packaging and healthier products which would have positive impact on glass packaging market. Glass is a wonderful substance. It can be recycled over and over again. The good thing about glass recycling is that the glass retains its quality. The aesthetic value of the environment is greatly improved through glass recycling. Many people tend to focus on glass packaging due to the inorganic nature of glass.

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Growing plastic packaging demand due to cost effectiveness, easy handling & transportation, durability, and aesthetic features will negatively affect the glass packaging market in coming years. Whereas, increase in demand from the different end-user, such as food & beverage sector, pharmaceutical products, and laboratory chemicals. Moreover, the eco-friendly production of glass is also one of the major drivers for the growth of the global glass packaging market. Glass packaging, due to its high cost, brittleness and transportation inconvenience is may face hindrance in growth in future period.

Global glass packaging market is growing with the rapid pace; mainly due to advancement in technologies. According to a recent study report published by the Market Research Future, The global market of Glass packaging is booming and expected to gain prominence over the forecast period. The market is forecasted to demonstrate a stunning growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the estimated period (2017 – 2023).

Glass packaging Market - Competitive Analysis

Glass Packaging Market appears to be competitive with the presence of several large and small players operating in the Glass packaging Market. These Key players compete based upon pricing, quality, Technology and reputation. Glass packaging market demonstrates a high growth potential which is likely to attract many entrants to the market resulting in to intensified competition further. The report also considers key trends that will impact the industry and profiles of leading suppliers of glass packaging market. Some of the top companies mentioned in the report are Amcor, Saint-Gobain S.A., Ardagh Packaging Holdings Limited, Hindusthan National Glass & Industries Limited, Bormioli Rocco SPA and Vetropack Holding AG. Moreover, manufacturers mainly ensure to deliver the best quality products based on innovative technologies, and best practices.

Glass packaging Market - Segments:

Global Glass packaging Market is segmented in to 2 Key dynamics for an easy grasp and enhanced understanding.
Segmentation by Application: Alcoholic beverages, food & beverages, pharmaceuticals and others
Segmentation by Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

Glass packaging Market - Regional Analysis

Asia Pacific region dominated the overall glass packaging market. Increasing glass packaging consumption in alcoholic beverages and pharmaceutical applications are some of the factors which helps to grow the market of glass packaging. The glass packaging market in Asia Pacific is primarily dominated by China and India owing to the vast consumer base, rising urban population levels and increasing demand of beverages.

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Industry/ Innovation/ Related News:

• June 09, 2015: Saint-Gobain to divest glass manufacturing unit Verallia at €2.95bn.

• July 24, 2017: Corning and Gerresheimer collaborate to deliver new corning valor™ glass to the pharmaceutical packaging market.

• September 7, 2017: Orora's glass facility expansion completed for USD 42 Million. Before this expansion, Orora had been forced to look to offshore bottle imports to keep up with demand. Orora’s Gawler facility is already one of the largest glass manufacturing facilities in the Southern Hemisphere and the $42 million investment enables us to service the increased demand for high quality glass bottles

Key Players

Owens Illinois Inc., Saint-Gobain, Ardagh Group, Gerresheimer AG, Vetropack Holding AG, Amcor Ltd, Nihon Yamamura Glass Co. Ltd, Tamron Co., Ltd., Piramal Glass Limited, Hindustan National Glass & Industries Ltd, Stolzle-Oberglas GmbH, Vidrala SA, Wiegand Glas, O.Berk Company LLC, and Shandong Pharmaceutical Glass Co., Ltd. are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global glass packaging market.

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