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Auguest 30, 2021, New York, USA - For health, taste, and environment, Glass is trusted and proven for packaging. It is also granted the FDA status of "GRAS" for widely used food packaging.
Glass is considered to be the oldest packaging material, and still, it plays an essential role today. Due to its property of recycling reuse and neutral reacting nature, it is extensively preferred as a packaging material.
Glass not only preserves food and beverages but also avoids contamination.
Moreover, it is used in chemical packaging because Glass doesn't react due to its neutral nature. Consumers are highly attracted to the interactive design of glass packaging.
Benefits of the Global Glass Packaging:
The Global Glass Packaging Market Forecast:
Glass is made of all-natural, sustainable raw materials. Glass packaging is preferred by consumers who are concerned about their environment and health. Glass packaging allows for long-term preservation of original food and beverage qualities. Glass is recyclable, non-permeable, and has zero chemical interaction. This makes it a suitable packaging material for many applications. Due to the rising disposable incomes of consumers in Asia-Pacific and the growing population in India and China, the demand for glass packaging is on the rise.
The global glass packaging market value was USD 56.64 billion in 2020. It is projected to grow at a CAGR of 4.39% to reach USD 73.2 billion by 2026.
Glass packaging is seeing a rise in demand from consumers for safer and healthier packaging. Glass packaging is becoming more attractive to end-users thanks to innovative technologies that allow for shaping, embossing, and artistic finishing. The market is also being stimulated by factors like the growing demand for eco-friendly products and the rise in demand for the food and beverage market.
The recyclable nature of Glass makes it the best packaging choice for the environment. Recent innovations include lightweight Glass, which offers greater resistance than older glass materials as well as higher stability. This reduces the number of raw materials required and the CO2 emissions.
Emerging markets like India and China are experiencing high demand for beer, soft drinks, and ciders. This is due to rising per capita spending and changing lifestyles. The market is being held back by rising operational costs and the increased use of substitute products like plastics and Tin.
The Market Trend and Dynamics of the Global Glass Packaging Market
The largest Market Share will be held by the Beverage Industry.
The glass packaging market is being challenged by the metal packaging segment in the form of cans. It is expected to retain its market share over the forecast period due to its use in premium products. This growth can be seen across a variety of beverage products such as juices, teas, coffee, soups, non-dairy drinks, and others.
Beer saw the most growth among alcoholic beverages in recent years. A majority of beer volume is sold via glass bottles, which has led to an increase in production rates for the glass packaging industry. Glass bottles are on the rise due to increased demand for premium versions of alcoholic beverages. India and other developing nations have a better perception of beer quality.
For companies looking to reduce costs, returnable glass bottles can be a cost-effective way to deliver their products. This packaging is widely used in the non-alcoholic beverage market. About 70% of bottles used to store natural mineral water are currently made from plastic. The demand for bottled water packaging materials is growing, taking into consideration environmental concerns.
PepsiCo and Coke are working together to eliminate plastic packaging. PepsiCo plans to stop the use of plastic bottles reaching 67 billion by 2025. Glass bottles will be the alternative for the same.
The Key Market Segmentation of the Global Glass Packaging Market:
Global Glass Packaging Market can be divided into Product Types, Product Applications, End-User Industry, and Geographical landscapes, etc.
Glass Packaging Market Segmentation By Product Type:
Glass Packaging Market Segmentation By Product Application:
Glass Packaging Market Segmentation By End User Industry:
Glass Packaging Market Segmentation By Geographical Landscape:
Top Key Players in the Global Glass Packaging Market:
The Global Glass Packaging Market Report Highlights:
During the COVID-19 pandemic, glass packaging was considered essential by many countries. Glass packaging is seeing increased demand from both the food and beverage and pharmaceutical industries. Glass packaging has seen an increase in demand from the F&B and pharmaceutical sectors. The COVID-19 pandemic, which has resulted in a greater need for medicine bottles, food containers, and beverage bottles, has also led to increased demand.
The U.K.'s glass industry has the expertise and knowledge to compete globally. The U.K.'s high-volume glass industry contributes about GBP 1.3 billion annually to its economy.
The global dairy industry has seen a shift to Glass from plastic bottles. This shift is due to consumer demand for more environmentally friendly milk. Parker Dairies and Milk & More noticed a significant rise in glass bottle demand as people are willing to pay a little more to get the service.
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