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The growth of the end-user industries in the fast-developing nations is also estimated to influence the growth of the market positively. However, the manufacturing of recyclable plastics and other alternatives is likely to check the expansion of the Glass Packaging Market Growth over the next few years. In addition, the fragility posed by glass packaging might cause losses to the end-user industry players. It is expected to hamper the expansion of the Glass Packaging Market Growth in the upcoming years.
Segmentation
By product, the global Glass Packaging Market Growth has been segmented into standard glass quality, premium glass quality, and super premium glass quality.
By application, the COVID-19 Impact has been segmented into food packaging, beverages packaging, pharmaceuticals packaging, personal care packaging, and others.
Regional Analysis
By region, the global Glass Packaging Market Growth has been segmented into Americas, Europe, Asia Pacific, the Middle East and Africa, and Latin America. Asia Pacific is highly influenced by the consumer behavior pattern of the western nations. It has led the way for the growth of the beverages industry, thus, favoring the expansion of the Glass Packaging Market Growth in the region. In addition, the region has also emerged as the manufacturing hub which is poised to attract investments from the key players of the market. A strong economic growth rate coupled with rising standards of living are poised to drive the growth of the regional Glass Packaging Market Growth indirectly.
Europe is placed in the second spot in the marketplace. It is projected to retain its prominence over the assessment period. The growth of the Glass Packaging Market Growth in the region is fueled by the concerns posed by the use of plastic, increasing consumption of cosmetics and alcohol.
Competitive Dashboard
Some of the key players identified in the report are Owens-Illinois Inc., Verallia, Vidrala S.A., Ardagh Group S.A, BA Vidro, Gerresheimer AG, Stölzle Glass Group, Piramal Glass, Vetropack Holding Company, Wiegand-Glas GmbH, Verescence, Luigi Bormioli Corporation, Zignago Vetro S.P.A., Vetrobalsamo Spa, Nihon Yamamura Glass Co., Ltd., Allied Glass Containers Ltd, Vitro, and Heinz Glas GmbH & Co. KGAA.
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