According to the
report analysis, ‘Global Glass Packaging Market Research
Report – Forecast To 2022’
states that some of the major companies which are currently functioning in this
market more effectively for acquiring the handsome amount of share across the
globe and defect the extensive demand of the potential consumers includes
Owens-Illinois Inc., Ardagh Group, Vidrala S.A., BA Vidro, Gerresheimer AG,
Vetropack Holding Company, Stolzle Glass Group, Verallia, Piramal Enterprises
Limited, Wiegand-Glas GmbH, ZIGNAGO VETRO S.P.A., VERESCENCE, Luigi Bormioli
Corporation, Vetrobalsamo S.p.A and several others. Moreover, the glass
packaging keeps the goods safe and healthy for longer period because glass is
having non-reactive property with many consumable and non-consumable products.
Furthermore, the glass is frequently known for its recyclability and reuse.
This makes it the best packaging product for non-alcoholic, alcoholic and
pharmaceutical products. Glass has numerous properties and advantages such as
chemical inertness, malleability, water-resistance, sterility and several
others which make it more appropriate for packaging a variety of perishable and
non-perishable products.
The glass packaging
market has become very much prominent in the recent trend as it attracted many
consumers through its attractiveness and other applications. The glass is one
of the most reliable and experienced packaging material in terms of taste,
health and the environment safety. Glass packaging is 100.0% biodegradable and
can be recycled, repeatedly without loss in purity and quality. Recently,
nearby 80.0% of the glass that is recovered has been converted into new glass
product. In addition, glass consists of a single material, which decreases
energy and material waste in the time of production. Moreover, on the basis of
application the glass packaging has been split into the global glass packaging
market which includes Beverages packaging, Food packaging, personal care
packaging, pharmaceuticals packaging and several others. Not only has this, by
product also it is divided in the market differently which includes Standard
Glass Quality, Premium Glass Quality, and Super Premium Glass Quality.
Therefore, with the increase in the usage the global market of glass packaging
will grow more significantly across the globe with the further development in
the technology by which glass packaging will become more reliable and
attractive.
The market of glass
packaging is mainly operated by numerous key factors such as increased in the
consumption of beverages which majorly includes alcoholic beverages and
carbonated soft drinks is measured as one of the key factors behind the need
for glass packaging. Moreover, the
growth in pharmaceuticals industry and several other benefits linked with glass
packaging are predictable to be a few of the other drivers of the market in the
near future. Whereas, on the basis of product in 2016, the standard glass
quality held the largest market share of the global glass packaging market and
on the basis of application, the beverage packaging has dominated the market
during the coming years.
Geographically, the
market of glass packaging is spread across the globe which include major
regions such as North America, Europe, Asia-Pacific and rest of the world which
majorly includes Middle East & Africa and South America. Whereas, the
Europe is the second largest market for the global glass packaging as Europe
has the highest alcohol consumption in the world. Moreover, the market of glass
packaging will grow more significantly across the globe in the near future over
the decades with the growing demand for alcoholic beverages and more
innovations and development of personal care.
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Ankur Gupta, Head Marketing & Communications
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