Global Glass Packaging Market has been Driven by Growing Consumption of Beer and 100% Recyclability and Re-Usability Properties Increases Demand in the forecast period of 2019 to 2026

Glass Packaging Market is projected to register a steady CAGR of 3.4% in the forecast period of 2019 to 2026. The new market report contains data for historic year 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026.

Glass Packaging Market

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Drivers: Global Glass Packaging Market

  • 100% recyclability and re-usability properties increases demand
  • Growing ban on plastics consumption in the developed countries

Restraints:

  • Declining consumption of alcoholic beverages in North America & Europe
  • Increased crimes rates and risk factors caused due to glass bottles

Opportunity:

  • Rising demand of lightweight glass material packaging

Challenge:

  • High losses incurred in the long distance transportation of glass packaged products

Market Trends:

Global Glass Packaging Market is segmented into four notable segments which are glass type, jar size, raw material and application.

  • On the basis of glass type, the market is segmented into type I, type II, type III and others. In 2019, Type II segment is expected to dominate the market with the largest market share because this type of glass is made from sodium silica material, which is the most common and widely preferred due to its non-toxic nature.
  • On the basis of jar size, the market is segmented into 20-50 mL, 51-100 mL, 101-250 mL, 251-500 mL and above 500 mL
  • On the basis of raw material, the market is segmented into segmented into cullet, selenium, cobalt oxide, limestone, dolomite, colouring material and others. In 2019, cullet segment is expected to dominate the with the largest market share because this raw material is used in all the glasses made for beverages, which accounts for largest number.
  • On the basis of application, the market is segmented into alcoholic beverage, non-alcoholic beverage, food, pharmaceuticals, personal care, beauty products and others

Key Market Players: Global Glass Packaging Market

Some of the major players operating in global glass packaging market are Saint-Gobain, Owens-Illinois, Inc., Amcor plc, Ardagh Group S.A., HEINZ-GLAS GmbH & Co. KGaA, BA GLASS GROUP, Bormioli Rocco S.p.A, Consol, Gerresheimer AG, Hindusthan National Glass & Industries Limited, Koa Glass Co., Ltd., Nihon Yamamura Glass Co., Ltd., Orora Packaging Australia Pty Ltd, Piramal Enterprises Ltd., Rockwood & Hines Glass Group, Shanghai Vista Packaging Co., Ltd., Şişecam Group, Stölzle-Oberglas Gmbh, Vetropack, Vidrala, and Wiegand-Glas GmbH among others.

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