Global Glass Packaging Market is Expected to Reach US$ 55.24 Bn by 2020

Transparency Market Research has published a new market report titled “Glass Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020.” According to the report, the global glass packaging market was valued at US$ 40.32 Bn in 2013 and is likely to reach US$ 55.24 Bn by 2020, expanding at a CAGR of 4.6% during the forecast period, between 2014 and 2020. In terms of volume, the global demand for glass packaging stood at 54,246.8 kilo tons in 2013.

Dark colored glass bottles are often used in packaging beer, as glass deflects UV rays, thereby reducing the occurrence of “skunky” beer. Rise in global consumption of beer is expected to be one of the primary factors driving the glass packaging market. Growth of the healthcare industry and higher usage of glass bottles for storage of medicines due to its sterility and reusability is also anticipated to increase demand for glass packaging over the next few years. However, rising popularity of plastics and its increasing scope of application for packaging are likely to hamper market growth. Increasing consumer preference for glass for packaging of food, beverages and chemicals is anticipated to offer new opportunities for market growth in the near future.

Get the PDF Brochure for more Professional and Technical industry insights @: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1614

Alcoholic beverages (excluding beer) was the largest application segment of glass packaging, accounting for over 40% share of the global market in terms of volume in 2013. The segment is projected to witness the fastest growth during the forecast period, followed by beer, due to rising consumption of these beverages. Market dynamics of glass packaging for alcoholic beverages (excluding beer) and beer often interchange owing to changing patterns in consumption of drinks. Pharmaceuticals are anticipated to exhibit above-average demand for glass packaging in the next few years.

Asia Pacific was the largest market for glass packaging, accounting for over 35% of the market share in 2013. Rise in disposable income of consumers is expected to increase consumption of alcoholic beverages. This is anticipated to drive demand for glass over the next few years. Rest of the World is likely to experience a significant rise in market share due to growing consumption of alcoholic beverages.

Browse The Full Report at:
http://www.transparencymarketresearch.com/glass-packaging.html

The market for glass packaging is highly fragmented, with the top six companies accounting for less than 35% share of the market in 2013. Companies such as Ardagh Group, Gerresheimer AG, Owens-Illinois Inc., Saint-Gobain S.A., Vetropack Holding AG and Vidrala SA lead the global glass packaging market. Companies such as Hindusthan National Glass & Industries Ltd., Piramal Glass, Koa Glass Co. Ltd., Heinz-Glas GmbH, Wiegand-Glas GmbH and Vitro Packaging Inc. are the prominent manufacturers of glass packaging products. A large number of small and medium scale glass container manufacturing companies also operate across various geographies.

The report segments the global glass packaging market as follows:

Glass Packaging Market - Application Analysis

· Alcoholic beverages (excluding beer)

· Beer

· Food & beverages

· Pharmaceuticals

· Others (Including personal care products and chemicals)

About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyses information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Superabrasives (Turning, Cutting, Buffing, Drilling, Boring, Grinding) Market Research Report 2025

An abrasive is a material which molds or provides finishing to a work piece through a process which includes buffing, grinding, cutting, as well as polishing. Abrasion typically depends on the difference in the hardness of the material and the abrasive (with the latter being the harder of the two). Unlike regular abrasion where any two solid materials that repeatedly rub against each other tend to wear away, superabrasives possess the kind of hardness that enables them to stay usable for a longer period of time. On the basis of hardness, the top two superabrasives include diamond and cubic boron nitride (CBN). Industrial diamonds used as superabrasives are exceptionally hard materials. However, they display several technological limitations. For instance, when a diamond comes in contact with a ferrous alloy such as steel or a nickel superalloy, the resulting formation of carbide leads to its abrasion. Also, a diamond-containing tool can only be used at moderate temperatures a...

Industrial Lubricants Market: Strong Demand Across Automotive Industry, Trends To 2025

Lubricants refer to the organic or inorganic material primarily being use to decrease friction between two surfaces in contact. Lubricants play a key role in several industries as well as in commercial and residential sectors. One of their most common uses is in the lubrication of bearings and gears, allowing for their easy movement at high speeds, without loss in energy, prevent excessive generation of heat, or most importantly, prevent damage that would be caused otherwise. Industrial lubricants are, therefore, essential in enhancing the overall efficiency of a machine that contains moving parts in contact with one another. The global industrial lubricants market is currently expanding at a solid growth rate, driven by several factors and spearheaded by the likes of BP, Total, Chevron Corporation, ExxonMobil, and Shell. Browse Market Research Report @ http://www.transparencymarketresearch.com/industrial-lubricants-market.html What Impact has the Oil and Gas Industry ...

Rapid Prototyping Market - Rapidly Gaining Importance in Aerospace Sector, Research By 2024

Rapid prototyping is a technique in which the physical modeling of a design is done with the help of specialized machining technology. It was developed initially in the mid-1980s, the principle used in this technology is of solid modeling with the help of computer programs (i.e. CAD). Solid modeling makes use of computer aided-design (CAD) data to completely describe not just the external shape of parts or equipment, but its interior volume as well as the outside surfaces. The computer model is sliced into thin layers and the part of the product or commodity to be modelled or developed as per the requirement, is eventually fabricated by adding layers onto each other. Obtain Report Details @ http://www.transparencymarketresearch.com/rapid-prototyping-market.html The primary benefit of the system is that almost any shape can be manufactured using computerized programs. Time and money savings vary from 50% to 90% compared to conventional systems. Types of rapid proto...

Market Research Reports

Search This Blog