Global Glass Packaging Market is expected to rise from its initial estimated value of USD 72.65 billion by 2026

Global Glass Packaging Market is expected to rise from its initial estimated value of USD 72.65 billion by 2026, registering a CAGR of 4.97% in the forecast period of 2019-2026. This rise in market value can be attributed to the increasing demand for sustainable methods of packaging products.  

The Glass Packaging Market Report additionally gives a far reaching review of key market players dependent on an association’s different objectives, for example, profiling, product plot, generation amount, the association’s raw material required, and overall health of the organization.  It like provides technical and financial details of the market for the estimated time period i.e. 2019-2026. This is a kind of a research tool that helps the readers to evaluate the market within a short span of time as market research done by themselves requires a lot of time and efforts.

Some of the major players in global Glass Packaging market are:

Amcor Limited; Ardagh Group S.A.; Luigi Bormioli Corporation; Gerresheimer AG; Hindusthan National Glass & Industries Limited; Koa Glass Co., Ltd.; Nihon Yamamura Glass Co.,Ltd.; O-I; Piramal Glass Private Limited; Saint-Gobain; Stölzle-Oberglas GmbH; Vetropack; Vidrala; Wiegand-Glas GmbH; Berlin Packaging; HEINZ-GLAS GmbH & Co. KGaA; China Glass Holdings Limited; Consol and Vitro.

Market Definition:

Glass packaging is a rigid packaging method which involves the usage of protecting the contents with the help of covering it with different shapes, sizes and density of glass packaging products. The different varieties of glass packaging products available are bottles, containers, etc. The major benefits associated with this packaging method are they do not affect the taste, composition and texture of the contents.

Major Market Drivers:

Increased consumption of alcoholic beverages specifically beer which is one of the major applications for this product is expected to positively affect the growth of the market

Increasing demand and adoption of this method of packaging from the end-user industries is one of the major factors driving the growth of the market

Increasing demand for personal care and cosmetics packaging from the developing regions due to the increasing consumption of these products

Market Restraints:

Availability of lightweight, cheaper substitutes is one of the major factors restraining the growth of the market

Increasing demand for plastic packaging products is one of the major factors restraining the growth of the market