North America Glass Packaging Market Revenue to Exceed USD 8 Billion by 2024

The market study on North America Glass Packaging Market offers foolproof analysis on the industry with critical data regarding its foothold in the global industry along with laying emphasis on its applications across myriad end-user sectors.

According to the study, North America glass packaging industry registered a revenue share of USD 6.8 billion in 2018 and is projected to record USD 8 billion by the end of 2024, in terms of revenue, while increasing at an anticipated growth rate of 3.7% during 2019-2024. Additionally, the study also boasts of vital information on the current market scenario, advancing technologies, expansive competitive landscape, growth prospects, industry tactics, and vivid market segmentations.

The research report describes the factors that carry the ability potentially drive the growth curve of the overall industry over the foreseeable time period, along with focusing on intricate details of the ongoing trends that the North America glass packaging industry is characterized by. The North American glass packaging market, as per given report, is bifurcated on basis of application, product, regions, and competitive landscape.

Soda lime glass is commonly used glass packaging and will capture majority of market share during the forecast period owing to large number of applications in the production of jars and beverages for foods and beverages. Borosilicate glass will grow at a CAGR more than 2.5% between 2019 and 2024 due to high demand from pharmaceutical industry.

The overall North America glass packaging is diversified into various geographies such as U.S., Canada. A complete analysis if the has been enclosed in the report as well. It includes the factors that are currently supporting the growth of regional markets. Additionally, it also consists of details of trending growth opportunities existing in every region, their individual growth rates, technologies being used, stringent regulatory reforms, and much more.

Glass packaging is used for many alcoholic as well as non-alcoholic beverages as they preserve the freshness, taste and aroma along while ensuring quality. The market exhibits promising future trends due to high consumer acceptance levels. Most of the consumers favor glass to protect the taste of beverages. U.S. and Canada are among the top leading counties in terms of alcohol consumption per capita. According to World Bank, U.S. accounted for 9.8 liters of pure alcohol consumption per capita whereas Canada accounted for 8.9 liters of pure alcohol consumption per capita in 2016. The increasing popularity of craft beer coupled with rising demand of other beverages are likely to trigger the glass packaging market in upcoming years.

Based on the competitive landscape, glass packaging in North America is highly consolidated and includes mention of top-notch companies operating in the market like Gallo Glass Company, Ardagh Group, Saint Gobain, Owens-Illinois, etc.. The document envelops information on sales spectrum of each of these firms, their strategies to sustain their position in the market, individual company profiles and market share, along with their position in the overall ecosystem.