Glass Packaging Market- COVID-19 Impact

1. Summary Global Glass Packaging Market information by Product (Standard Glass Quality, Premium Glass Quality, Super Premium Glass Quality), Application (Beverage Packaging, Food Packaging, Personal Care Packaging, and Others) and Region – Forecast to 2022 Glass Packaging Market Synopsis The ability to preserve the freshness of a product while maintaining its healthy content of food and beverages are the most important reasons for the expansion of the global market for glass packaging. The market has grown significantly due to the broad usage of glass packaging for alcoholic and non-alcoholic beverage packaging owing to its impermeable specifications. The glass packaging market is estimated to witness a constant expansion during the review period. Key Players The most significant players in the global Glass Packaging Market are Ardagh Group S.A, Owens-Illinois Inc., Verallia, Vidrala S.A., Gerresheimer AG, BA Vidro, Vetropack Holding Company, Piramal Glass, Stölzle Market Segmentation The global Glass Packaging Market is segregated on the basis of product, application, and region. On the basis of product, the global market for glass packaging can be divided into super-premium glass quality, premium glass quality, and standard glass quality. Among all, the premium glass quality dominates the glass packaging market. On the basis of application, the global market for glass packaging can be classified into food packaging, beverage packaging, personal care packaging, pharmaceutical packaging, and others. The beverage packaging dominates the glass packaging market is also likely to advance with a robustly expanding CAGR during the forecast period. Regional Analysis As per the Market Research Future Reports (MRFR), the regional analysis of America, Europe, Asia Pacific, Middle East, and Africa. COVID-19 Impact The APAC region has been reigning the global market for the glass packaging market since 2017 by acquiring 34.3% market share and is expected to expand at a very fast pace during the review period. The increased consumption of alcoholic beverages encourages the market in the region. Additionally, increased disposable income levels among individuals, lifestyles of consumers, fluctuating preferences also play an important role in expanding the glass packaging market. Japan, China, and India are the most crucial contributors to the market. China is dominating the APAC market. Hence, the region is likely to expand at a CAGR of 3.60% and retains its apex position during the forecast period. The American region is a lucrative market for glass packaging. The region has witnessed increased investment in research and development and product innovation in terms of packaging. Moreover, the strict food safety policies in nations like the U.S and Canada have observed a rise in the consumption of beverages, and the increased growth rates in the sector of pharmaceutical are some other factors expanding the regional market. Access Full Report @ https://www.marketresearchfuture.com/reports/glass-packaging-market-1258 About Market Research Future

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