Glass Packaging Market Perspective by Comprehensive Analysis Growth Prediction to 2026

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Packaging is a technology that involves enclosing and protecting various types of products for storage, distribution, sale and use. The increasing demand for healthy, safe, convenience food & beverages and major growth of alcoholic beverages and beer industry in the recent past, especially in Asia Pacific, Europe and North America has been rapidly driving growth of the global glass packaging market. Glass packaging products can keep consumables safe and healthy for prolonged periods of time, as glass is largely non-reactive with most products. Also, it inhibits chemical interaction between the liquid and body.

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The global glass packaging market was valued at US$ 53,616.38 million and 72,030.27 kilo tons in 2016 and is expected to expand at a CAGR of 4.9% in terms of revenue and 4.8% in terms of volume during 2017 – 2025.

Multinational players

Major players in the global glass packaging market include Saint-Gobain S.A, Amcor, Bormioli Rocco, Ardagh Group, China Glass Holdings, Gerresheimer AG, Hindusthan National Glass & Industries, Heinz-Glass, Koa Glass, Orora Packaging Australia, Nihon Yamamura Glass, Owens-Illinois Inc., Piramal Glass and Consol Glass.

Market Dynamics

Asia Pacific and Europe are the most dominant regions in the global glass packaging market in 2016 and the trend is expected to remain the same during 2017-2025. The increasing demand for glass packaging in various end-use industries such as alcoholic beverages (except beer), beer, food & soft beverages, and pharmaceuticals due to low production cost, ability to keep the beverages safe & healthy and coupled with the increasing demand of attractive shape bottles by the spirit and wine manufacturers are the major growth drivers of glass packaging in Asia-Pacific and Europe over the following years. Moreover, North America market is expected to experience a steady growth due to the decreasing rate of beer consumption in the region, during the forecast period.

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About Author

Latisha Diaz is a general assignment reporter at Plains Gazette. She has covered sports, entertainment and many other beats in his journalism career, and has lived in City Houston for more than 8 years. Latisha has appeared periodically on national television shows and has been published in (among others) The National Post, Politico, The Atlantic, Harper’s, Wired.com, Vice and Salon.com.