A significant change in lifestyle and a greater health awareness among consumers are the factors that drive the demand for products

Market Overview:

The global glass packaging market is expected to grow at a 3.89% annual compound rate between 2020 and 2025 to reach a value of $ 59,813.9 million by the end of 2025. Glass is made from totally natural and sustainable raw materials. It is the preferred packaging for consumers who care about their health and the environment. The glass container guarantees optimal long-term preservation of the original qualities of food and beverages. Glass is recyclable, non-permeable, and has a zero chemical interaction rate, making it a suitable packaging material for a variety of applications. Call for the product is escalating in the Asia Pacific and will continue to escalate owing to the escalation in disposable income of customers in the region.

Market drivers and restraints:

A significant change in lifestyle and a greater health awareness among consumers are the factors that drive the demand for products such as juices and beverages or functional beverages, which indirectly increases the demand for glass containers. The wide application of glass containers in the pharmaceutical industries in terms of supplying drugs free of contamination, as well as its anti-corrosion property and its high resistance to sterilization make it also applicable in the medical industry. One of the main factors responsible for the growth of the glass packaging market is the high demand for alcoholic beverages, mainly packaged in glass bottles in various quantities. Furthermore, the growing population and the high consumption of food and beverages, as well as various consumer goods by consumers, are driving the global market for glass containers. On the other hand, the development of various alternatives such as plastic with similar properties may slow the growth of the glass packaging market in the future.

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Report segmented as:

By type of materials:

Sand
sodium carbonate (soda ash)
calcium carbonate (limestone)
cullet
By metal composition:

iron pyrite
iron oxide
cobalt oxide
selenium
By end user application:

food
beverages
personal care
pharmaceuticals
alcoholic
medical industries
Geographical analysis:

Asia-Pacific is expected to be the largest market for glass containers and also to grow in the coming years due to the increase in the consumption of food and beverages and the upward trend in consumption. of alcoholic beverages. Europe is expected to experience rapid growth due to technological developments and high beer consumption, as well as increased industrialization, mainly in France and Germany. In addition, North America and the Middle East are expected to grow at a steady rate due to the growth of the pharmaceutical industries in these regions. Geographically, Asia-Pacific represented a significant part of the glass packaging market during the historical period. This can be attributed to the increased consumption of alcoholic beverages and the increasing demand for glass as packaging material in the food and personal care industries in the region. Furthermore, the growth of the pharmaceutical industry in Asia-Pacific is indirectly driving market growth in the region.

Important market players:

Some of the major players operating in glass packaging industry include. CVC Capital Partners, Amcor, Ardagh Group, Gerresheimer, Koa Glass, Owens Illinois Inc., Saint Gobain, Heinz Glass, BA Glass, Weigand Glass, Vidrala SA, Nihon Yamamura, China Glass Holding Limited, Consol Glass Limited, Stolzle-Oberglas GmbH, Piramal Glass Limited, and Tamron Co., Ltd.

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The Scope of the report:

This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.

Apart from the syndicated report, our in-house team has expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.

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