Glass packaging market to hit $60bn by 2019

The global glass packaging market will reach almost US$60 billion by 2019, according to a new report published by Transparency Market Research.    

The market was valued at US$47.73 billion in 2012 and Transparency has predicted it will reach US$59.94 by 2019, growing at a CAGR of 3.4% from 2013 to 2019. In terms of volume, global demand was 45.71 million tonnes in 2012 and is expected to grow at a CAGR of 3.1% from 2013 to 2019.

The rise in global beer consumption is expected to be one of the primary factors driving the glass packaging market, particularly in dark-coloured glass bottles which protect the beer from UV light.

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