“Glass does leech any chemicals into the packed product. 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.”
Global Glass Packaging Market Size 2017 By Application (Alcoholic Beverages, Beer, Pharmaceuticals, Food & Beverages, Others), By Region and Forecast 2018 to 2025. The study covers the global glass packaging market value and volume for a period ranging amid 2015 to 2025, where 2015 to 2017 imply the annual consumption with forecast between 2018 and 2025.
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Glass Packaging Market: Key Players are Consol Glass, Owens-Illinois Inc., Ardagh Packaging Group PLC, Piramal Glass, AGI Glaspac, Vidrala SA, Hindustan National Glass & Industries Ltd, Nampak Ltd, Amcor Ltd, Carib Glassworks Ltd, VITRO, Gerresheimer AG and Toyo Glass Co. Ltd. among others.
The Global Glass Packaging Market is fragmented where the top three players accounted for a market share of over 30% in 2017. Furthermore, North America and Europe are the most consolidated marketplaces across the globe with two to three players accounting for nearly 50%. China has the largest number of glass converters of about 900. China is also the largest producer as well as exporter of container glass.
The key trend in the 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.
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Key segments of the Global Glass Packaging Market
Application Overview, 2015-2025 (Kilo Tons) (USD Million)
• Alcoholic beverages (excluding beer)
• Beer
• Food & beverages
• Pharmaceuticals
• Others
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. market via numerous end-use industries.
Some Key Highlight Points from TOC:
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. Global Glass Packaging Market Overview, By Application
Chapter 5. Company Profiles
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