Post Time：Feb 27,2019Classify:Industry NewsView：1201
According to a new research report by Global Market Insights, Inc. Glass Packaging Market size is projected to exceed USD 65 billion up to 2024.Over the past few decades, global glass packaging industry has provided the pharmaceutical and food & beverage sectors with remarkable innovations in their packaging solutions. Owing to its negligible chemical interaction rate, glass has for long been a favorite material category used in packaging of medicines and other beverages.
Mexico and Vietnam observed the highest beer consumption rate gains, approximately 6.5% and 7.5% respectively during the same timeframe. Breweries present exclusive glassware for every brand of beer served by them. Contributing to the promotional activities, industry participants tend to engineer the bottles before the beer. These trends of beer consumption hike feature a positive outlook for the industry by 2024.
Geographically, Asia Pacific accounted for more than one-third of the total glass packaging industry. Rising alcohol consumption coupled with advances in pharmaceutical industry will present brighter growth aspects for the regional product market growth by 2024. Growing hospitality & tourism sector in China and India will drive the regional product market in coming years.
Key market players Amcor Ltd, Consol, Bormioli Rocco SpA, Heinz-Glas GmbH, Hindusthan National Glass & Industries Ltd, Nihon Yamamura, Gerresheimer AG, Ardagh Group, Saint-Gobain S.A., Koa, Owens-Illinois Inc., Stolzle-Oberglas GmbH, Vidrala S.A., Piramal, and Vitro.
Source: thecampingcanuck.comAuthor: Shangyi
