Brandessence Market Research has published a new report titled “Glass Packaging Market 2018-2024″. According to the BMRC the Glass Packaging Market is expected to grow at 74.27 USD billion by 2024.
Glass packaging is an integral component of modern life. Communication, food, and consumer products are only a few of the things that are improved upon and more easily accessible as a result of glass packaging. Glass is a possible, tough, and recyclable packaging option that has excellent barrier properties, high sterility and remains unreactive when it comes into contact with other chemicals. It has other number of benefits such as it is nonporous and impermeable, so there will be no interactions between packaging and products to affect the flavour of food and beverages. It helps to sustain the quality and taste of the food product.
Glass is one of the most preferred materials for packaging of food, beverages, pharmaceuticals, personal care products and others. Properties like excellent barrier, sterility and reusability makes it superior packaging material. The other major advantage of it is that it can be moulded into various shape and sizes, facilitating its use across different industry verticals.
In order to be useful in everyday life, packaging must have some qualities. It should deliver a product from the manufacturer to the consumer. It should meet regulatory requirements, for instance, pharmaceutical and drug packaging are tightly controlled in contrast with the food. Also it must protect the contents from damage, leaking and moisture. Along with this it must meet expectations regarding aesthetics, merchandising, cost, ease of use, ease of opening and resealing, weight, fuel savings, greenhouse gas emissions, and so on.
Increasing demand of beverage is one of the major driving factors for this industry. Its demand is driven by the growth in the beverage market. Rising consumption of beverages, especially in developing regions, is stimulating the demand for beverage packaging and thus for glass beverage packaging. Asia-Pacific is the fastest-growing market for this industry. The growth is mainly the result of high economic growth, and the heavy investments in infrastructure, quickest development in the business sector for liquor. The developing middle-class population in the region also results in its demand for various applications. While the economy plays a central role in influencing the size and growth of the market, this industry is also being affected by numerous factors from year to years such as great consumer awareness of health and wellness, stronger influence of recycling and environmental issues, increasing disposable income as well as purchasing power. Other important regional trends that should be included are urbanisation, convenience, smaller pack sizes, branding strategies and internet retailing.
Rigid plastic packaging is expected to be the restraining factor of the glass packaging. It has taken a great share in the increasing market size of the global healthcare packaging market due to its favourable properties. Rigid plastic packaging is cost-effective, easy to store and transport, strong with sufficient barrier properties to meet the demand for most healthcare products and inert to most products.
Here are some leading industry participants of the glass packaging market.
A E Chapman and Son Ltd, all American Containers, Ampulla, AREXIM PACKAGING, COVIMUR ALIMENTARIA. S.L., Croxsons, Durobor, Elias Valavanis S.A, Encirc, GAYDON JEAN CHRISTOPHE DESIGN, Gerresheimer, Glosare, HARO S.L, Heinz Glas GmbH, HELIX, HIJOS DE A. CANO, BA GLASS POLAND SP. z o.o., Beatson Clark Ltd, CAN-PACK S. A., China Glass Holdings Ltd.
Global Glass Packaging Market by End-user Segment;
- Personal Care
Global Glass Packaging Market by Regional Segment;
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Rest of the World
- South Africa
- Other Countries