Glass Packaging Market To Be Worth $64.8 Billion By 2020 | Key Industry Players Amcor, Ardagh Group
San
Francisco, 1 November 2018 - The 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 By Grand View Research:
www.grandviewresearch.com/industry-analysis/glass-packaging-market-analysis
www.grandviewresearch.com/industry-analysis/glass-packaging-market-analysis
Further
key findings from the report 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 Category By Grand View Research:
www.grandviewresearch.com/industry/specialty-glass-ceramic-and-fiber
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
Access
Press Release Of This Research Report By Grand View Research:
www.grandviewresearch.com/press-release/global-glass-packaging-market
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
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