Global Glass Container Market Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Country-level Analysis for Every Segment, Key Player's Market Share Analysis, Competitive Landscape and Supply Chain Analysis.
Leading players profiled in the glass container market include Frigoglass (Greece), Consol Glass (Pty) Ltd. (South Africa), S.A.B de C.V. (Mexico), Vitro, Hindusthan National Glass & Industries Limited (India), Ardagh Group S.A. (Luxembourg), VIDRALA (Spain), S.A. (Portugal), BA Vidro, Central Glass Co., Ltd. (Japan), Owens-Illinois Inc. (U.S.), Amcor Limited (Australia), and others.
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Market Analysis
The global glass container market is predicted to have an incredible growth at 5% CAGR over the estimated years (2017-2023). Glass is a proven and trusted packaging for taste, health and the environment. Besides, it is the sole widely utilized food packaging that has received the “GRAS” FDA status and is usually recognized as safe. Glass is 100% recyclable, is impermeable and nonporous and has almost zero chemical interactions thereby ensuring that any product inside the glass container keeps its flavor, strength and aroma. The key application areas of glass containers include chemicals, cosmetics, pharmaceuticals, food products and beverages.
There are ample factors that is boosting the growth of the Glass Container Market. These factors in accordance to the Market Research Future (MRFR) report include increasing consumption of alcoholic beverages, rising sales of personal care and beauty care products in emerging markets, burgeoning demand for organic, ethnic and healthy food products and growing emphasis on using eco-friendly recyclable materials. On the contrary, fluctuations in the price of raw materials may deter the glass container market growth over the estimated years.
Industry News
May 2019- Eco Meal Prep has introduced its latest range of Bento Glass Meal Prep Containers which is currently available in plenty in Australia, and exclusively on Kickstarter. This range provides non-toxic and optimized portion control for meal preparation. It is made of high borosilicate glass that is thermal shock-resistant. This reusable product is also oven, microwave, freezer and dishwasher safe. Most importantly, it is resistant to odors and are free from phthalate, PVC and BPA and no plastics that are petroleum based which can leach toxins into food. The material is more durable compared to regular glass and can be recycled efficiently. It has specially been designed for resisting extreme temperature changes as well as is absolutely safe.
Market Segmentation
MRFR report offers a wide segmental analysis of the glass container market on the basis of product type and end-use.
Based on product type, the glass container market is segmented into candle glass containers, glass vials, glass jars and glass bottle. Of these, glass bottles will have the largest share in the market over the estimated years as it is the most widely used container for beverages as well as other fluids. Right from wines to sodas, these bottles are used extensively in the food and beverage industry. Its presence is also identified through the growing preference of pharmaceutical manufacturers for glass bottle packaging.
Based on end-use, the glass container market is segmented into beverage packaging, food packaging, pharmaceuticals, cosmetics and perfumes and others. Of these, beverage packaging will domineer the market over the estimated years owing to increasing demand from consumers for sustainable, pure and green packaging for beverages.
Regional Analysis
By region, the glass container market covers growth opportunities and latest trends across Rest of the World, Asia Pacific, Europe and North America. Of these, Asia Pacific will rule the market over the estimated years. It is predicted to grow at the fastest pace and at the highest CAGR. Emerging markets namely India and China are experiencing increased consumption of glass packaging and is driven by increasing demand for cider soft drinks, and beer, changing lifestyles, rising per capita income, rising disposable income and others. The region’s growing food market will offer the needed impetus for growth, supported via the popularity products namely seasonings, sauces, dressing, syrups, spreads, and dairy products in various Asian countries. The glass container market in Europe will have a healthy growth over the estimated years. The demand for containers here is chiefly driven via the East European countries namely Russia and Turkey. Rising consumption of beer in Germany is the main driver of glass packaging.
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