Glass Packaging market 2021 Global Industry Analysis By Size, Share, Growth Factors, Competitive Landscape, With Regional Forecast To 2027

 Market Analysis 

The Global Glass Packaging Market will touch USD 66,000 million at a 3.29% CAGR between 2016- 2022, reveals the latest Market Research Future (MRFR) report. Glass packaging or glass containers are highly preferred to pack chemicals, liquid-based pharmaceutical products, alcoholic and non-alcoholic beverages, and other non-perishable/perishable products. 

Several factors are adding to the global glass packaging market growth. Some of these factors as per the MRFR report include increasing adoption in cosmetics, pharmaceuticals, and food and beverage industries, the growing preference for eco-friendly packaging solutions, increase in shipments of containers for non-alcoholic beverages, spirits, and wine end markets, alluring features of glass packaging such as non-reactive nature, malleability, and zero chemical leaching, changing consumer lifestyle, rapid urbanization, worldwide economic growth, increasing health risks, and growing health and fitness awareness. 

On the other hand, the scarcity of raw materials needed for production and fluctuating prices may limit the glass packaging market growth during the forecast period. 

Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/1258

COVID-19 Analysis 

The on-going crisis had a mixed impact on the glass packaging market. On the one hand, the market faced a couple of problems such as limited workers and shortage of raw materials due to the government-imposed lockdowns and social distancing trends. On the other hand, the increase in alcoholic and non-alcoholic beverage intake during the pandemic and the reopening of bars and restaurants following the lifting of the lockdown had a positive impact on the market growth. Besides, a surge in the demand for glass packaging to pack healthcare products and medical supplies to address the novel coronavirus also had a favorable impact on the market growth. There has been a burgeoning demand for glass vials for their significance in producing and distributing COVID-19 vaccines. 

Market Segmentation

The MRFR report highlights an inclusive segmental analysis of the global glass packaging market based on application and product.

By product, the glass packaging market is segmented into standard glass quality, super-premium glass quality, and premium glass quality. Of these, the premium glass quality segment will lead the market over the forecast period.

By application, the glass packaging market bifurcated into pharmaceutical packaging, personal care packaging, food and beverage packaging, and others. Of these, the food and beverage packaging segment will dominate the market over the forecast period.

Glass Packaging Market – Regional Analysis

The Asia Pacific region dominates the global glass packaging market. The region shows some rapid developments in the healthcare and food & beverage industries, which drives the market growth. Besides, the market growth attributes to increased investments in the development of packaging materials and solutions.  Vast consumption of glass packaging material across the end-user industries, alongside the increased consumption of alcoholic beverages in the region, positively impacts the market growth. The APAC Glass packaging market is projected to retain its dominance, growing at 3.60% CAGR throughout the estimated period. 

North America stands second in the global glass packaging market. The region has witnessed increased investment in research and development and product innovation. Market growth attributes to the rapid growth in the food industry due to impressive urbanization and high dependency on packaged food products in the region. Additionally, the rapidly growing pharmaceutical industry in the region substantiates the size of the regional market. The North American glass packaging market is expected to expand at a substantial CAGR over the forecast period.

The European glass packaging market is growing rapidly. Factors such as the high demand for glass packaging materials and spurring rise in the region's food and beverage industry drive the regional market growth. Moreover, stringent food safety policies in nations like the UK and Germany influence the region's market growth. 

Furthermore, a rise in beverages' consumption, alongside the increased growth rates in the pharmaceutical sector, expands the regional market. The Europe glass packaging market is predicted to grow at a considerable CAGR during the assessment period.

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/glass-packaging-market-1258

Key Players 

Top industry players profiled in the global glass packaging market report include Vitro, Heinz Glas GmbH & Co. KGAA, Nihon Yamamura Glass Co., Ltd., Vetrobalsamo Spa, Allied Glass Containers Ltd, Luigi Bormioli Corporation, Zignago Vetro S.P.A., Verescence, Wiegand-Glas GmbH, Stölzle Glass Group, Piramal Glass, Vetropack Holding Company, BA Vidro, Gerresheimer AG, Vidrala S.A., Verallia, Owens-Illinois Inc., and Ardagh Group S.A. 

Industry Updates 

February 2021- Leading glass packaging provider Stoelzle Glass Group has opened its fifth production line in its plant in France. 

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact

Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune 411028
Maharashtra, India
+1 646 845 9312
Email:sales@marketresearchfuture.com

Comments

Post a Comment

Popular posts from this blog

Aerospace Ceramics Market: Prospective Growth Trends & Incremental Opportunity Assessment till 2028

Global Aerospace Ceramics Market Report - Market Size, Share, Price, Trend and Forecast is a professional and in-depth study on the current state of the global Aerospace Ceramics Market industry. Get Sample Copy of This Report @ https://www.quincemarketinsights.com/request-sample-58763?utm_source=OFPG&utm_medium=SG Research report on the Aerospace Ceramics Market provides analysis and insight into the various factors that are expected to prevail over the forecast period, while at the same time providing their effect on market growth. This report on the Aerospace Ceramics Market provides details of recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and local market players, analysis of opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, market growth categories, applications, etc. Today's compa...
Read more

Prefabricated Buildings Market 2023 Size, Share, Industry Key Features, Growth Drivers, Key Expansion Strategies, Upcoming Trends and Regional Forecast by 2030

  Introduction: The  prefabricated buildings market  has experienced remarkable growth in recent years, driven by the need for faster, cost-effective, and sustainable construction solutions. Prefabricated buildings, also known as modular or off-site construction, involve the manufacturing of building components in a factory setting and their subsequent assembly on-site. This article explores the key factors driving the growth of the prefabricated buildings market, highlights the advantages and applications of these structures, and discusses the future trends and innovations shaping the industry. Efficiency and Time Savings: One of the significant advantages of prefabricated buildings is the enhanced efficiency and time savings they offer compared to traditional  construction  methods. The off-site manufacturing process allows for simultaneous activities to take place, such as site preparation and construction component fabrication. This parallel workflow signifi...
Read more

Aromatic Solvents Market to reach USD 9.15 billion by 2028

The Global Aromatic Solvents Market is projected to reach USD 9.15 billion by 2028, growing at a CAGR of 3.1% during the forecast period. The worldwide increase in construction activities & consequent growth of paints industry is expected to propel the aromatic solvents market during the forecast period. Click Here To Get Sample of The Premium Report What are aromatic solvents? Aromatic solvents are composed of aromatic hydrocarbons such as xylene, naphthalene, and toluene. The aromatic solvents are used to dissolve solid materials to form homogeneous solutions. Aromatic solvents are produced by fractional distillation of crude oil in oil refineries. Due to their high levels of solvency, the demand for aromatic solvents is on the global rise. Market dynamics by QMI- The paints & coating industry is the principal end user of aromatic solvents. Toluene is utilized as a base material for the production of toluene diisocyanate, cement for polystyrene kits, and fullerene indicato...
Read more