Overview:
The global market report on the glass packaging market includes a proper study of how various dynamics are impacting the industry to move forward. The increasing demand for eco-friendly packaging, growing inclusion of it in the beverage and pharmaceutical industry, its feature like zero chemical leaching, and non-reactive nature are expected to play in favor of the market growth. Market Research Future (MRFR) predicted that the market has a chance to surpass USD 74.87 billion during the forecast period of 2022 to 2030. However, the durability of glass packaging may hinder the plans regarding the expansion of the glass packaging market.
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Regional Segmentation:
North America and Europe would bolster their regional glass packaging markets with advanced technologies and research & development results. The Asia Pacific market would gain from the pressure piled on by the massive population.
The global Glass Packaging Market Growth has been studied on the basis of a segmentation that includes products and applications. MRFR analysts have reviewed all these changes to understand dynamics that can impact the market outcome.
By product, the global glass packaging market has been studied on the basis of standard glass quality, premium glass quality, and super-premium glass quality.
By application, the study of the glass packaging market includes segments like beverage packaging, food packaging, personal care packaging, pharmaceutical packaging, and others. The pharmaceutical packaging segment is gaining substantial traction due to the growing demand for vials and other types of packaging for medicines. The beverage segment is also creating a huge scope for the glass packaging market to expand.
Industry News:
In September 2020, the Government of Nigeria announced the ban on alcohol sales using the packaging of polyethylene terephthalate (PET or PETE) and glass bottles. The National Agency for Food and Drug Administration and Control (NAFDAC) recently revealed a document on alcohol consumption in sachet and how it is endangering the lives of normal people. The decision from the government came just two days after the publication of the report and this highlights how people are consuming unregistered products. The main intent is to safeguard the interests of the Nigerian people who are often consuming liquors without knowing the impact it can have on their bodies.
In September 2020, Lumson, an Italian-based primary packaging provider for the skincare and make-up sector, declared the launching of two new glass bottles for foundations. They have named these glass bottles I-Conic and Marylin, respectively. The design is sophisticated and contemporary and will be available in 30mL format. Lumson has paid special attention to its design to highlight the formulation inside the bottle. I-Conic is expected to generate traction for its slender and conical lines, with a thick base and rounded corners. Marylin has an oval shape and would highlight the color of the substance inside.
During the COVID-19 crisis, various sectors, from food & beverage to healthcare, inspired a substantial demand for pharmaceutical glass packaging initiatives, owing to which the market stands to benefit significantly in the coming years.
Competitive Landscape:
The global market report on the Glass Packaging Market Competition Strategy includes a proper study of companies on the basis of their latest contributions. These companies are Ardagh Group S.A, Owens-Illinois Inc., BA Vidro, Gerresheimer AG, Verallia, Vidrala S.A., Piramal Glass, Wiegand-Glas GmbH, Vetropack Holding Company, Stölzle Glass Group, Luigi Bormioli Corporation, Zignago Vetro S.P.A., Verescence, Allied Glass Containers Ltd, Vetrobalsamo Spa, Vitro, Nihon Yamamura Glass Co., Ltd., and Heinz Glas GmbH & Co. KGAA.
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Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
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