Glass Packaging Market Future Scope, Demands and Projected Industry Growths to 2024
Category: #world  By Ashwin Naphade  Date: 2019-01-29
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Glass Packaging Market Future Scope, Demands and Projected Industry Growths to 2024

The newly released research at Market Study Report titled “2017-2024 Global Glass Packaging Market Report” provides data, information, brief analysis, company profiles, statistics for past years and forecasts for next few years.

Meticulously analyzed in terms of pivotal industry segments, Global Glass Packaging market report effectively covers the scope of this space in terms By Product, By Application and the prominent contributors. Additionally, the report also outlines intricate details regarding the lucrative opportunities that industry contenders can expect in conjunction with the potential threats that have been envisioned for this business sphere in the forthcoming years.

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The report extensively bifurcates the various contenders of Global Glass Packaging market. Prominent contributors such as Huntsman International, Omnova Solutions,BASF, Solvay, Covestro AG, Clariant AG, Formulated Polymer Products, Sumitomo Chemical Company,  Lubrizol Corporation, Tanatex Chemicals, Sioen Coating, DSM, Textiles Coated International, National Coating Corporation, Conversion Technologies International, Vintex, Ajy Tech India, Nobletex, Arville, Reagent, Integra have been scrutinized in terms of their financials, strengths, weaknesses, potential threats in the market, and future opportunities.

Global glass packaging market is bifurcated on the basis of product into soda lime, de-alkalized soda lime, and borosilicate types. Popularly known as soda lime silica glass, soda lime product is commonly used in the food & beverages industry. It is also used for containers and windows. Soda lime product type holds a substantial share in the entire glass packaging market. Borosilicate type is formed using major constituents such as boron trioxide and silica. It is subject to less thermal stress and finds application in reagent bottles construction.

On the basis of application, the industry is classified into pharmaceutical, food & beverages, beer, alcoholic beverages and others. The others segment includes minor applications such as personal care, cosmetic products, fragrance & perfumes, etc. Increasing beer and alcoholic beverages consumption in emerging economies coupled with the changing lifestyles and increasing income levels will propel the glass packaging market in these regions. This segment holds almost a fifth of the entire industry.

Taking regions into consideration, Asia Pacific accounts close to 40% of the overall glass packaging market share. Development in pharmaceutical industry and rising amount of alcohol consumption will propel the industry in the next few years. India and China will dominate the regional glass packaging market owing to hospitality sector development and enormous customer base.

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Healthcare industry is one of the leading driver for the glass packaging market. In 2016, the global healthcare industry revenue was around USD 1.6 trillion and will grow at an exponential rate in the forecast period. Increasing pharmaceutical products and medicines demand will propel the glass packaging market owing to its chemically inert properties towards the liquid syrups. Glass is a 100% recyclable product without degradation of purity or quality. It also has a negligible chemical interaction rate which makes it a favorable material for the packaging of medicines and other chemicals. These factors have driven the industry in the healthcare sector on a large scale.

Food and beverages are stored in glass containers and bottles as it is impermeable and non-porous. This makes it easy to keep intact and preserve the flavors and smell of the food and beverages. Close to 80% of the product that goes into the recycle bin is used to make new bottles. Rising health awareness and potential risks from plastic packaging have shifted consumer focus on glass packed products over plastic or metal. These aspects will propel the glass packaging market in coming years.

Growing plastic packaging demand due to cost effectiveness, easy handling & transportation, durability, and moldability, and aesthetic features will negatively affect the glass packaging market in coming years. Glass packaging, due to its high cost, brittleness and transportation inconvenience is may face hindrance in growth in future years.

Global glass packaging market is bifurcated on the basis of product into soda lime, de-alkalized soda lime, and borosilicate types. Popularly known as soda lime silica glass, soda lime product is commonly used in the food & beverages industry. It is also used for containers and windows. Soda lime product type holds a substantial share in the entire glass packaging market. Borosilicate type is formed using major constituents such as boron trioxide and silica. It is subject to less thermal stress and finds application in reagent bottles construction.

Table of Content:

Chapter 1.    Methodology and Scope

Chapter 2.  Executive Summary

Chapter 3. Glass Packaging Industry Insights

Chapter 4. Glass Packaging Market, By Material

Chapter 5. Glass Packaging Market, By Technique

Chapter 6. Glass Packaging Market, By Application

Chapter 7. Glass Packaging Market, By Region

Chapter 8. Company Profiles

For More Details on this Report At: https://www.marketstudyreport.com/reports/glass-packaging-market

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About Author

Ashwin Naphade

Email: [email protected]   

Ashwin Naphade

Ashwin is into digital marketing since the last 2 years and has worked on multiple projects across various industries. He likes posting information and knowledge on multiple topics with an objective to create online visibility as well as share his inputs. His interest...

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