Summary The crippling effect of the global COVID-19 pandemic has detained the growth potential of the Glass Packaging Market. This MRFR report on the Glass Packaging Market Size indicates critical pointers that may emerge as growth hubs in the future. Moreover, indepth data analysis is estimated to offer a clearer growth perspective to market participants. Glass Packaging Market Overview The market has noticeably grown due to the widespread use of glass packaging for alcoholic and non-alcoholic beverage packaging due to its non-porous and impermeable qualities. The Glass Packaging Market Size is expected to witness consistent growth over the forecast period due to its popularity and benefits. The market is anticipated to grow at a CAGR of 3.29 percent approximately while earning revenues worth USD 66,766.0 Million in the duration of the forecast period from 2017 to 2022. Get Sample Copy @ https://www.marketresearchfuture.com/sample_request/1258 Due to a considerably escalating population base, rise in purchasing power, and alteration in the lifestyle of users; individuals in these nations have started buying an escalated quantity of packaged food. Competitive Analysis The global packaging of glass market is benefitted by the incidence of several regional, global, and local players. The market is hugely competitive with all the players contending to gain market share. Concentrated competition and growing demand for various grades of products challenge the market’s growth. The vendors contend based on product quality, cost, and reliability. It is essential for the vendors to deliver cost-efficient and high-quality glass, to endure and succeed in a hugely competitive market environment. Vidrala S.A. BA Vidro Gerresheimer AG Wiegand-Glas GmbH Ardagh Group S.A Vetropack Holding Company Verallia Stölzle Glass Group Piramal Glass Nihon Yamamura Glass Co., Ltd. Vitro Heinz Glas GmbH & Co. KGAA Zignago Vetro S.P.A.
Verescence Luigi Bormioli Corporation Owens-Illinois Inc. Vetrobalsamo Spa Allied Glass Containers Ltd, and others. Detailed Regional Analysis The regional analysis of the glass packaging industry covers regions such as Europe, Americas, Asia Pacific, Middle East and Africa. The Asia Pacific had been controlling the Glass Packaging Market Size in 2017 with 34.3 percent share and is estimated to be the most rapidly increasing market through the forecast period. The increasing consumption of alcoholic beverage motivates the market in the region. Moreover, improved disposable income levels among individuals, fluctuating preferences, and lifestyles of consumers, also has had an encouraging effect on the development of the market. India, China, Japan, and South Korea are the important contributors in the market. China is the leading country for the market in the region. Therefore, the region is projected to observe the top CAGR of 3.60 percent and maintain its foremost position in the market through the forecast period. The Americas region is a significant market for glass packaging. The region has observed amplified investment in R&D and product innovation as far as packaging is concerned. Also, the strict food safety policies in countries like Canada and U.S. increased consumption of beverages, and the elevated growth rates in the pharmaceutical sector are the factors motivating the demand for glass packaging in the region. Segmental Analysis The Glass Packaging Market Size globally is segmented on the basis of applications, product, and region. The product-based segmentation of the market consists of premium glass quality, standard glass quality, and super premium glass quality. By Product, the premium quality glass controlled the Glass Packaging Market Size in 2017 with a share of 38.2 percent. The market is expected to increase at a CAGR of 3.36 percent during the forecast period. By applications, the market is segmented into beverage packaging, food packaging, personal care packaging, pharmaceuticals packaging, and others. The beverage packaging is controlling the Glass Packaging Market Size and is also estimated to develop with a rapidly growing CAGR in the forecast period. Access Full Report packaging-market-1258
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