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.
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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.
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.
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