Long term growth predicted in glass packaging market

09 December 2010 - Despite competition from plastic packaging solutions, the glass packaging market is forecast to exceed US$36 billion by the year 2015. Glass continues to be desirable for high-end food and drink packaging.

Environmental worries over recycling of alternative packaging and increased disposable income in developing markets mean that the market is set for further growth.

The global recession has severely dented a market already under pressure due to increased raw materials costs. Consequently, the status quo is likely to continue in the short term with the predicted growth taking place after 2011.

The report entitled Glass Packaging: A Global Strategic Business Report explains how Europe is predicted to remain the lead market for glass packaging. However, developments such as the increase in alcohol consumption in India and China are likely to lead to strong growth in the Asia glass packaging market. Similar sales increases are predicted in Turkey and Russia where tastes are developing for flavoured water and beer, respectively. The markets of United States, Canada, Japan, France, Germany, Italy, United Kingdom, Spain, Russia, Asia-Pacific and South America are also discussed.