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Global Glass Packaging Market was valued at US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of XX % during the forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Global Glass Packaging MarketGlobal Glass Packaging Market Dynamics:
The rising adoption of glass packaging products in the pharmaceutical, food & beverage industries and also demand for glass in the APAC region for packaging are some of the major drivers in Global Generation Glass Packaging Market.
The surging demand for glass packaging solutions, rapid urbanization, and increasing population base in APAC are projected to support the glass packaging market growth in the region. Additionally, the market is anticipated to leverage the consumer sentiment toward the adoption of safer and sustainable products and observer high adoption in industry verticals such as pharmaceutical, food and beverage, and personal care.
The adoption of substitutes such as plastics and metal cans for packaging and saturation in the Western European glass packaging market are identified as the main factors restraining the growth of glass packaging industry to some extent.
Global Glass Packaging Market Segment Analysis:
On the basis of application, Alcoholic beverage packaging is projected to contribute significantly to the market growth in the future. Glass is chemically inert, so it does not react with the food, pharmaceuticals, alcoholic beverages, and personal care products. This helps in maintaining the texture and quality of the products, which, sequentially, permits their adoption and contributes to the demand for glass products for packaging purposes.
Global Glass Packaging Market Regional Insights:
Geographically, the major market for glass packaging is Asia-Pacific. The alcoholic beverage packaging market is anticipated to witness the fastest growth because of increasing consumption of alcoholic drinks in Asia-Pacific and Eastern Europe. The glass packaging market for pharmaceutical packaging will grow in North America and Europe on account of the introduction of new therapies. Likewise in North America, U.S. and Canada are mature markets in food containers. Therefore, food packaging growth is expected to decline in the region in forecast period.
Various authenticated sources have been used to refine and provide a complete and accurate research on the glass packaging market. Interviews with main industry leaders were conducted along with secondary research during the course of the study. Several governmental regulations and their effects on glass packaging market were studied in detail.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding global glass packaging market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence.
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Scope of the Global Glass Packaging Market Report:
Global Glass Packaging Market, By Application
• Alcoholic beverages (excluding beer)
• Beer
• Food & beverages
• Pharmaceuticals
• Others (Including personal care products and chemicals)
Global Glass Packaging Market, By Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating in the Global Glass Packaging Market
• Amcor Ltd.
• Ardagh Group
• Bormioli Rocco SpA
• Gerresheimer AG
• Hindusthan National Glass & Industries Ltd.
• Koa Glass Co. Ltd.
• Nihon Yamamura Glass Co Ltd.
• Owens-Illinois Inc.
• Piramal Glass Limited
• Saint-Gobain S.A.
• Stölzle-Oberglas GmbH
• Vetropack Holding AG
• Vidrala SA
• Wiegand-Glas
• Heinz-Glas GmbH.
• Koa Glass Co. Ltd
• Consol Specialty Glass (Pty) Limited
• Berry Global Inc
• Westpack LLC
• Schott A.G
• Verallia
This Report Is Submitted By : Maximize Market Research Company
Customization of the report:
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About Maximize Market Research:
Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
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