Global Glass Packaging Market 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.
Full Research Report on Global Glass Packaging Market
Analysis:
http://www.grandviewresearch.com/industry-analysis/glass-packaging-market-analysis
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.
View more reports of this category by Grand View Research
at: http://www.grandviewresearch.com/industry/specialty-glass-ceramic-and-fiber
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
Access Press Release of this research report by Grand
View Research: http://www.grandviewresearch.com/press-release/global-glass-packaging-market
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: www.grandviewresearch.com