Glass Packaging Market for Food & Beverages, Pharmaceuticals, Beer and Other Alcoholic Beverages – Growth in the Near Future

Posted on 2018-05-01 by Mark Hub in Industrial // 0 Comments

Albany, USA, 2018-May-01 — /EPR Network/ —In order to study the various trends and patterns prevailing in the overall market for Glass Packaging, Market Research Reports Search Engine (MRRSE) has included a new report titled “Glass Packaging Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. Readers can access the regional as well as segment-wise analysis for acquiring precise information about the global market structure.

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Glass Packaging Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020.” According to the report, the global glass packaging market was valued at US$ 40.32 Bn in 2013 and is likely to reach US$ 55.24 Bn by 2020, expanding at a CAGR of 4.6% during the forecast period, between 2014 and 2020. In terms of volume, the global demand for glass packaging stood at 54,246.8 kilo tons in 2013.

Dark colored glass bottles are often used in packaging beer, as glass deflects UV rays, thereby reducing the occurrence of “skunky” beer. Rise in global consumption of beer is expected to be one of the primary factors driving the glass packaging market. Growth of the healthcare industry and higher usage of glass bottles for storage of medicines due to its sterility and reusability is also anticipated to increase demand for glass packaging over the next few years. However, rising popularity of plastics and its increasing scope of application for packaging are likely to hamper market growth. Increasing consumer preference for glass for packaging of food, beverages and chemicals is anticipated to offer new opportunities for market growth in the near future.

Alcoholic beverages (excluding beer) was the largest application segment of glass packaging, accounting for over 40% share of the global market in terms of volume in 2013. The segment is projected to witness the fastest growth during the forecast period, followed by beer, due to rising consumption of these beverages. Market dynamics of glass packaging for alcoholic beverages (excluding beer) and beer often interchange owing to changing patterns in consumption of drinks. Pharmaceuticals are anticipated to exhibit above-average demand for glass packaging in the next few years.

Asia Pacific was the largest market for glass packaging, accounting for over 35% of the market share in 2013. Rise in disposable income of consumers is expected to increase consumption of alcoholic beverages. This is anticipated to drive demand for glass over the next few years. Rest of the World is likely to experience a significant rise in market share due to growing consumption of alcoholic beverages.

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The report uses analytical tools such as Porter’s five forces model to provide a detailed view of the competition in the overall glass packaging market. Porter’s Five Forces model provides in-depth analysis of the impact of buyers, new entrants, suppliers, substitutes and degree of competition in the global glass packaging market. The report also includes value chain analysis, which studies the various components of the glass packaging market. Value chain analysis offers the degree of integration exhibited by leading companies in the market. Major raw material manufacturers and suppliers are identified using this tool. Major supply agreements signed among companies are also mentioned in detail in the report. Value chain analysis provides information of the distribution channels employed by major players in the market.

Profiles of leading companies have been covered in this report along with detailed analysis of their market share. The study profiles companies such as Amcor Ltd., Ardagh Group, Bormioli Rocco SpA, Gerresheimer AG, Hindusthan National Glass & Industries Ltd., Koa Glass Co. Ltd., Nihon Yamamura Glass Co Ltd., Owens-Illinois Inc., Piramal Glass Limited, Saint-Gobain S.A., Stölzle-Oberglas GmbH, Vetropack Holding AG, Vidrala SA and Wiegand-Glas. Company profiles include attributes such as company overview, financial overview, business strategies and recent developments. The glass packaging market has been segmented as below:

Glass Packaging Market – Application Analysis

Alcoholic beverages (excluding beer)
Beer
Food & beverages
Pharmaceuticals
Others (Including personal care products and chemicals)

Glass Packaging Market – Regional Analysis

North America
- U.S.

Europe
- France
- Germany
- Italy
- Portugal
- Turkey
Asia Pacific
- China
- India

Rest of the World
- Brazil

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