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The revelation about the irreversible impacts on the global environment is expected to drive the growth of the glass packaging market in the forthcoming years. In addition, the carbon footprints left by plastic packaging s calling for its ban on the global front.
Regional Analysis:
A detailed geographical evaluation of the glass packaging market has been included in this MRFR analysis on regional and country-level analysis. The regional segments assessed in the report are - Asia Pacific (APAC), Europe, the Middles East, and Africa (MEA), North America, and Latin America. Asia Pacific is anticipated to witness a rapid growth rate over the next couple of years. Industrialization in the region is poised to impact the glass packaging market favorably in the years to come. Increasing disposable income is likely to push demand growth in the end-user industries.
Segmentation:
On the basis of application, the glass packaging market has been segmented into food packaging, pharmaceutical packaging, beverages packaging, personal care packaging, and others. Among these, the beverages packaging segments are expected to have a favorable share of the global market in the foreseeable future. The increasing rate of alcohol consumption is anticipated to lead the expansion of the segment over the next couple of years. Also, glass bottles exhibit resistance against leaching, which is anticipated to drive the growth rate of the segment in the forthcoming years.
By product, the segmental analysis of the glass packaging market covers the following segments - premium glass quality, standard glass quality, and super premium glass quality. Among these, the the premium glass quality segment is anticipated to maintain its pole position in the years to come. Increasing demand for the product from pharmaceutical and food & beverage industries is prognosticated to catalyze the expansion of the segment over the next few years.
Competitive Dashboard:
Owens-Illinois Inc., Verallia, Vidrala S.A., Ardagh Group S.A, BA Vidro, Gerresheimer AG, Stölzle Glass Group, Vetropack Holding Company, Piramal Glass, Zignago Vetro S.P.A
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