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The global glass industry is divided into four major categories including container glass, flat glass, fiberglass and specialty glass. Container glass is utilized in the glass packaging industry in the form of bowls, bottles and jars. Many glass containers are also utilized in other industries such as pharmaceutical, personal care, food, spirits and perfumes. Among different categories of glass being produced globally, container glass accounts for a major market revenue share of about 45%.
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Global Glass Packaging Market Size 2017 by Application (Alcoholic Beverages, Beer, Pharmaceuticals, Food and Beverages, Others), by Region and Forecast 2018 to 2025 Single Use License: US$ 3500 Request Sample
Glass Packaging Market Size and Forecast 2018-2025 • The Glass Packaging Market trends including drivers, restraints, value chain and Porter’s Five Forces analysis. • The Glass Packaging Market revenue is estimated to reach USD 135.52 billion driven by the increasing demand for the product from numerous end-use industries, majorly from the beverage industry. • Additionally, the superior barrier properties of the material allow the item inside to remain unaltered, thus, making glass the preferable choice for packaging. • Glass being impermeable, non-porous and non-reactive, is the most preferred packaging material for various non-alcoholic and alcoholic beverages. Moreover, manufacturers are shifting their focus back to glass in light of numerous regulations banning the use of plastics as packaging materials. • Strong capital investments by companies in their plants and working with other industry stakeholders to improve the quality of recycled glass; and to produce innovative packaging solutions to attract more customers are some of the macro factors that are augmenting the growth of the global glass packaging market. Browse the complete report on @ https://adroitmarketresearch.com/industry-reports/glass-packaging-market
Glass Packaging Market Size and Forecast 2018-2025 • The key trend in the global glass packaging market includes recycling and reduction in the weight of these containers. Suppliers are gradually increasing the usage of cullet to reduce the production and landfill cost. • Furthermore, the weight of container glass has been reduced by nearly 30% since the earlier era resulting in the material posing a tough competition for its largest competitor, i.e., plastics. • Overall, the global glass packaging market has seen an increase from 26% to roughly 33% of recycled content over the past five years. Some companies in North America run their facilities at recycled glass rates of 50% or more, with one of the glass plants averaging above 90% recycled content. • The growing trend of immigration of people from other counties to the region, especially the U.S., is expected to augment the U.S. glass packaging market via numerous end-use industries. • The global glass packaging market is fragmented where the top three players accounted for a market share of over 30% in 2017. • The key players in the Glass Packaging Market report include Owens-Illinois, Ardagh, Verallia, and Vidrala. ther players in this market include AGI Glaspac, Carib Glassworks Ltd, Hindustan National Glass & Industries Ltd, Consol Glass, VITRO, Nampak Ltd, Amcor Ltd, Gerresheimer AG, Toyo Glass Co. Ltd, and Piramal Glass.
Key segments of the Glass Packaging Market • Type Overview, 2015-2025 (USD Million) • Phenol • Organosulfurs • Nitrogen • Organic Acids • Halogen Compounds • Metallic Compounds • Others • Application Overview, 2015-2025 (USD Million): Oil & Gas, Water Treatment, Paints & coatings, Food & Beverages, HVAC, Personal Care, Fuels, Boilers, Others. • Regional Overview, 2015-2025 (USD Million): North America, Europe, Asia Pacific, Rest of the World. Purchase a single user copy of the Glass Packaging Market report @ https://adroitmarketresearch.com/researchreport/purchase/438
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