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Europe Glass Packaging Market will exhibit a CAGR of 4.38% and reach USD 22.01 billion by the end of 2027, and the market value as per 2019 was USD 19.24 billion.

Fortune Business Insights, titled, Europe Glass Packaging Market Size, Share & Industry Analysis, By End-use Industry (Skin/Personal Care, Fragrance, Food, Beverages (Alcoholic beverages, Non-Alcoholic beverages}, Pharmaceuticals and others), and Regional Forecast, 2020-2027”.

Europe Glass Packaging Market Drivers and Restraint :

The increasing demand for glass packaging from the food and beverage sector is a key factor boosting the Europe glass packaging market growth. Most of the alcoholic and non-alcoholic beverages such as milk, beer, sauces, juices, and others are packed in glass containers and bottles as glass helps to maintain the authenticity of the product stored in it without disrupting the taste or smell. Additionally, the increasing awareness about health and fitness and the rising inclination of people towards healthy food and drinks are expected to aid in the expansion of the market in the coming years.

On the contrary, the presence of substitutes such as plastic, paper and board, and metal packaging may hamper the market growth in the coming years. The increasing popularity of metal cans is likely to cause major hindrance to the market. Nevertheless, the rising awareness about environment-friendly products is propelling the use of sustainable and eco-friendly packaging, thereby creating lucrative growth opportunities for the market in the near future.

Some of the Key Players of the Market for Europe Glass Packaging include:

  • Ardagh Group S.A.
  • Steklarna Hrastnik, d. o. o.
  • Bruni Glass
  • Groupe Pochet
  • Vetropack Group
  • Gerresheimer AG
  • HEINZ-GLAS GmbH & Co. KGaA
  • Verallia
  • Bormioli Luigi SpA
  • Stolzle-Oberglas GmbH
  • Others

To gain more insights into the market with a detailed table of content and figures, Click Here: https://www.fortunebusinessinsights.com/europe-glass-packaging-market-103472

Some Industry Developments of the Market for Europe Glass Packaging include:

October 2020 – Renovation of clear-glass furnace was successfully completed by Gerresheimer AG. It installed a new and improved technology in the factory will help to reduce the energy needs and multiply the overall glass production capacity for its consumers in the healthcare and pharmaceutical industry.

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