ID: MRFR/PNT/3708-HCR | February 2021 | Region: Global | 111 pages
Glass container market is expected to grow at ~ 5% CAGR during the forecast period.
Life has not been the same since the onset of the delay coronavirus. Most of the businesses in every market across the globe have faced significant setbacks due to continuous lockdown and the individuals' deteriorating health. But what stays as the hope for many is the ability to get back to normal under the guidance of those who have extensive knowledge about the glass container Industry. The report prepared has everything that a business needs to ensure that they overcome the losses that they have suffered since the onset of the pandemic. After the intensive research on the glass container Market Analysis by the experts from the industry by using the current scenario of the glass container Market, historical outlooks, and the strategized implementation techniques that have been covered in the report. Moreover, the competitors' situation has also been considered so that the business owners and the staff can self analyze themselves.
Out of all these, Asia Pacific was a dominant leader in the glass container Market Size in 2013/and had almost 37.2% of the total glass container Market Revenue. These areas are still witnessing massive expansion in the glass container Market with the increased demand if beverages and packaged food material. Moreover, the region also has high availability of silica, one of the primary raw materials in glass manufacturing.
The region that follows after the Asia Pacific is Europe which accounts for 31.9%of the total glass container Market Revenue of the glass container Market Share. The significant factors that promote the growth of the market in Europe are the increasing demand for beer across countries like Germany and France.
The factor that would speed up the glass container Market Growth in North America's market is the increasing demand for the pharmaceutical industries in the area.
In the year 2020, the new symbol of packaging was unveiled in Brussels, specially designed to benefit from using glass packaging in the limelight. According to FEVE, also called a European container glass federation, this symbol is indeed a milestone for brands and the industry's consumers.
Also, A directive by European parliaments and council to ensure that the manufacturers' necessary actions to implement disposal of packaging waste, a law was passed.
In January, six new and sophisticated glass wine bottles were designed by Adrah group, which is a corporate unit of the most significant wine producer.
A glass collection center was established in November 2019 by Owens Illinois at its headquarters. The glass was sent for recycling to the Rumpke recycling plant. This was then repurposed into fiberglass or the new wine packages.
In March 2020, a significant acquisition of three major companies was announced, which led to the decrease in the dependency of these on external sources.
In November 2020, Vidrala and Encirclit launched an industrial furnace in Chesire. This is a giant given which can process almost 900 tons of glass container each day giving a new horizon to the glass container Market Outlook.
Wen's Illinois and Krones AG made a collaboration in 2020 to increase the glass packaging industry's innovation. The aim of this collaboration was significant to provide the products with efficiency and high quality.
Recyclable material from raw materials Like limestone, sand, soda ash, and other ingredients is called Glass. Further, these glasses undergo a process like Press and blow, blow-blow, and narrow neck press blow to manufacture Glass containers. There are numerous options available in the market for packaging purposes. Still, glass has been the best option and is likely to stay the beat, too, unless something beyond comparison is invented. As a matter of fact that it is not only reusable and durable but also sterile and chemically stable been making it more popular each day. It is also eco-friendly and hygienic. Glass container market is mainly utilized in food products, chemicals, alcoholic beverages, and personal care products. Not only this but according to the standards that have been marked for the most derided product for packaging that is environment friendly, glass containers have ranks number one.
|Market Size||2027: Significant Value|
|CAGR||5% CAGR (2020-2027)|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Product Type and End-use|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Amcor Limited (Australia), Frigoglass (Greece), Owens-Illinois Inc. (U.S.), Consol Glass (Pty) Ltd. (South Africa), Central Glass Co., Ltd. (Japan), Vitro, S.A.B de C.V. (Mexico), VIDRALA (Spain), Industries Limited. (India), Hindusthan National Glass and Ardagh Group S.A. (Luxembourg).|
|Key Market Opportunities||New product launches and R&D Amongst major key Players|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
The global Glass Container Market is expected to record a substantial market valuation by 2027.
The global Glass Container Market is projected to register a moderate 5% CAGR in the forecast period.
The glass jar segment is slated to expand as the fastest-growing segment.
The food and beverage segment is slated to expand as the fastest-growing segment.
A few major market players operating in the global Glass Container Market are VIDRALA (Spain), Amcor Limited (Australia), Central Glass Co., Ltd. (Japan), Owens-Illinois Inc. (U.S.), BA Vidro, S.A. (Portugal), among others.
The expected market value for the market would be substantially at the end of 2027.