Glass packaging products help to protect the food and beverages, which help to deliver a good quality of food product. Global glass packaging market is expected to be driven by shifting customers trend to processed and specialty foods, development in glass packaging material, companies marketing strategies, increasing demand for glass packaging material, and customer awareness regarding food safety in emerging economies.
The global glass packaging market report has been segmented on the basis of base material, antimicrobial agents, end-use industry, and region.
On the basis of application, the global glass packaging market has been segmented into alcoholic beverages (excluding beer), beer, food & beverages, pharmaceuticals, and others (personal care products and chemicals). The alcoholic beverages segment is estimated to account for significant share in terms of revenue in the global glass packaging market. The alcoholic beverages segment revenue growth is also projected to register highest CAGR over the forecast, owing to huge demand for the products from developing as well as developed countries. In addition, increasing demand for bakery & dairy products for food packaging is another major factor expected to drive growth of the segment. Moreover, development of healthcare industry and huge utilization of glass bottles for pharmaceuticals storage, owing to its reusability and sterility is also expected to fuel demand for glass packaging over the next ten years.
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On the basis of region, the global glass packaging market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Asia Pacific market is expected to dominate with major revenue share in the global glass packaging market in 2017. Asia Pacific market is also expected to register highest CAGR in terms of revenue in next ten years, owing to increasing demand for food and beverage products from countries in this region.
Key players operating in the global market include Amcor Limited, Owens-Illinois, Inc., Compagnie de Saint-Gobain S.A., Vitro Packaging, LLC, Hindusthan National Glass & Industries Limited, Gerresheimer AG, Bormioli Rocco SpA, Ardagh Packaging Holdings Limited, Vetropack Holding AG, and Vidrala SA.