The global market for Glass
Packaging is expected to reach USD 68.4 billion by 2020, according to a new
study by Grand View Research, Inc. Growing beer consumption, especially in
parts of Eastern Europe and Asia Pacific is expected to be a key driver for the
growth of the market over the next five years. In addition, the increasing
preference towards use of glass in packaging of food and beverage,
pharmaceuticals and cosmetics is further expected to boost the market in the
near future.
Alcoholic Beverages were the largest consumers of glass packaging and consumed over 25,000 kilo tons of glass in 2013. Beer is expected to witness fastest growth at an estimated CAGR of 4.2% from 2014 to 2020. Pharmaceuticals along with food and beverage were the other large application segments for glass packaging and are expected to witness substantial growth over the next five years. However, the substitution of glass by plastic as a medium of packaging is expected to be a key restraint for the growth of the market.
Alcoholic Beverages were the largest consumers of glass packaging and consumed over 25,000 kilo tons of glass in 2013. Beer is expected to witness fastest growth at an estimated CAGR of 4.2% from 2014 to 2020. Pharmaceuticals along with food and beverage were the other large application segments for glass packaging and are expected to witness substantial growth over the next five years. However, the substitution of glass by plastic as a medium of packaging is expected to be a key restraint for the growth of the market.
Browse full research report on Glass Packaging Market:
http://www.grandviewresearch.com/industry-analysis/glass-packaging-market-analysis
Further Key findings from the
study suggest:
- Global glass packaging market volume was estimated to
be 47,000 kilo tons in 2013 and is expected to reach 60,846.5 kilo tons by
2020, growing at a CAGR of 4% from 2014 to 2020.
- Asia Pacific is expected to maintain leadership
position in the market, and is estimated to account for close to 38% of
the global glass packaging demand by 2020. Europe, which is the second
largest market, is expected to play a key role in boosting the demand for
glass packaging owing to the increased beer consumption from countries of
Eastern Europe.
- Asia Pacific is also expected to be the fastest
growing regional market over the next six years, growing at an estimated
CAGR of 4.2% in terms of volume from 2014 to 2020.
- The global glass packaging market is highly
fragmented, with a couple of companies having significant share of the
market, in comparison to numerous companies catering to the local markets.
OI or Owens Illinois Inc and Saint Gobain are the key players in the glass
packaging market catering to majority of the application segments. Other
key companies in the market include Ardagh, Vidrala and Vetropack among.
Browse more reports of this type by Grand View Research:
http://www.grandviewresearch.com/industry/specialty-glass-ceramic-and-fiber
For the purpose of this study, Grand View Research has
segmented the global Glass Packaging market on the basis of application and
region:
• Glass Packaging Application Outlook
(Volume, Kilo tons; Revenue, USD Million, 2012 - 2020)
• Beer
• Food and Beverage
• Pharmaceuticals
• Alcoholic Beverages
• Others
• Glass Packaging Regional Outlook (Volume, Kilo tons; Revenue, USD Million, 2012 - 2020)
• North America
• Europe
• Asia Pacific
• RoW
• Beer
• Food and Beverage
• Pharmaceuticals
• Alcoholic Beverages
• Others
• Glass Packaging Regional Outlook (Volume, Kilo tons; Revenue, USD Million, 2012 - 2020)
• North America
• Europe
• Asia Pacific
• RoW
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For more information: http://www.grandviewresearch.com
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