Packaging Market is expected to reach USD 83,318.55 million by 2026 in the forecast period of 2019 to 2026. The years considered for study are as mentioned below:
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Global glass packaging market is a fragmented market which includes key players and local players. The market is growing owing to the favourable market scenario. The market has a prominent growth in upcoming years due to growing consumption of beer and 100% recyclability and re-usability properties increases demand.
The market has witness developments in terms of merger and acquisitions or product launches to enhance the product portfolio to meet the rising demand of innovative technologies. For instance, In July 2019, Owens-Illinois Inc. acquired Nueva Fábrica Nacional de Vidrio, S. de R.L. de C.V. which is affiliate of Anheuser-Busch InBev SA/NV. The acquisition will initiate the strategy in the growth of sustainable glass packaging. It will also help the company to expand its business in the global market.
Saint-Gobain dominated the global glass packaging market. The other key players existing in the market includes 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.
Saint-Gobain is headquartered in Courbevoie, France and it was founded in 1665. The company designs, produces and distributes materials that help creating great living places and improving daily life. The company operates through three business segments which include innovative materials, construction products and building distribution. Innovative materials segment is the market focused segment. The product categories of the company include exterior finishing, interior finishing, technological materials, energy efficiency solutions, distribution and services solutions in which technological materials is the market focused category. The company has more than 180,000 employees.
The company has its global networks in Northern Europe, Southern Europe-MEA, Americas and Asia-Pacific. It operates through its subsidiaries, which are Placoplatre (France), CertainTeed Corporation (U.S.), Jewson (U.K.), Saint-Gobain Rigips (Germany), British Gypsum (U.K.), Norton Abrasives (U.S.) among others.
Owens-Illinois, Inc. is headquartered in Ohio, U.S. and was founded in 1903. The company is engaged in the manufacturing of glass containers. The company operate through three geographical business segments which include Americas, Europe and Asia-Pacific. The product categories of the company include wines, non-alcoholic beverages, beer, food, spirits, drug & chemical. The company has 26,500 employees as of 31st December, 2018.
The company has its global networks in Americas, Europe and Asia. It operates through its subsidiaries, which are Continental PET Holdings Pty. Ltd (Australia), O-I Business Service Center Sp. Z.o.o. (Poland), O-I Global Holdings C.V (Netherlands), Owens Vimosa, S. de R.L. de C.V (Mexico), O-I (Tianjin) Glass Container Co., Ltd (China) among others.
Amcor plc is headquartered in Zurich, Switzerland and was founded in 1860. The company is engaged in developing responsible packaging solutions for beverage, food, pharmaceutical and other industries. The company operates through two business segments which include flexibles and rigid plastics. Flexibles is the market focused segment. The product categories of the company include beverages, food, healthcare, home care, personal care, pet care and technical applications in which food and beverages is the market focused category. The company has 33,000 employees as of 30th June, 2018.
The company has its geographical presence in Americas, Asia-Pacific, Europe and Middle East & Africa. It operates through its subsidiaries which are Vinisa Fueguina S.R.L. (Argentina), Amcor Flexibles Transpac BVBA (Belgium), Amcor Flexibles Denmark ApS (Denmark), Amcor Flexibles Selestat SAS (France), Amcor Flexibles Zutphen BV (Netherlands) among others.
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