Raleigh News Now

Glass Packaging Market Is Expected To Growing at Remarkable Pace Owing To Increased Application Scope In Pharmaceuticals and Food And Beverages Sectors Till 2020: Grand View Research, Inc.

Glass Packaging Market Is Expected To Growing at Remarkable Pace Owing To Increased Application Scope In Pharmaceuticals and Food And Beverages Sectors Till 2020: Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, Global Glass Packaging Market size was estimated at USD 48.97 billion in 2013. Glass being eco-friendly along with numerous ongoing R&D to develop packaging, which is 50% lighter as compared to traditional forms, is expected to witness immense potential over the next six years.

Global Glass Packaging Market is expected to reach USD 68.4 billion by 2020, according to a new study by Grand View Research, Inc. Growing beer consumption, especially in parts of Eastern Europe and Asia Pacific is expected to be a key driver for the growth of the market over the next five years. In addition, the increasing preference towards use of glass in packaging of food and beverage, pharmaceuticals and cosmetics is further expected to boost the market in the near future.

Alcoholic Beverages were the largest consumers of glass packaging and consumed over 25,000 kilo tons of glass in 2013. Beer is expected to witness fastest growth at an estimated CAGR of 4.2% from 2014 to 2020. Pharmaceuticals along with food and beverage were the other large application segments for glass packaging and are expected to witness substantial growth over the next five years. However, the substitution of glass by plastic as a medium of packaging is expected to be a key restraint for the growth of the market.

Full Research Report on Global Glass Packaging Market Analysis: 
http://www.grandviewresearch.com/industry-analysis/glass-packaging-market-analysis

North America glass packaging market revenue by application, 2012-2020, (USD Million)

 

North America glass packaging market revenue by application, 2012-2020, (USD Million)

Further key findings from the study suggest:

  • Global glass packaging market volume was estimated to be 47,000 kilo tons in 2013 and is expected to reach 60,846.5 kilo tons by 2020, growing at a CAGR of 4% from 2014 to 2020.
  • Asia Pacific is expected to maintain leadership position in the market, and is estimated to account for close to 38% of the global glass packaging demand by 2020. Europe, which is the second largest market, is expected to play a key role in boosting the demand for glass packaging owing to the increased beer consumption from countries of Eastern Europe.
  • Asia Pacific is also expected to be the fastest growing regional market over the next six years, growing at an estimated CAGR of 4.2% in terms of volume from 2014 to 2020.
  • The global glass packaging market is highly fragmented, with a couple of companies having significant share of the market, in comparison to numerous companies catering to the local markets. OI or Owens Illinois Inc and Saint Gobain are the key players in the glass packaging market catering to majority of the application segments. Other key companies in the market include Ardagh, Vidrala and Vetropack among.


View more reports of this category by Grand View Research at: 
http://www.grandviewresearch.com/industry/specialty-glass-ceramic-and-fiber

Grand View Research has segmented the Global Glass Packaging Market on the basis of application and region:

Glass Packaging Application Outlook (Volume, Kilo tons; Revenue, USD Million, 2012 – 2020)

  • Beer
  • Food and Beverage
  • Pharmaceuticals
  • Alcoholic Beverages
  • Others

Glass Packaging Regional Outlook (Volume, Kilo tons; Revenue, USD Million, 2012 – 2020)

  • North America
  • Europe
  • Asia Pacific
  • RoW


View Press Release Of This Report by Grand View Research:
http://www.grandviewresearch.com/press-release/global-glass-packaging-market           

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials, and healthcare.

For more Information visit: www.grandviewresearch.com

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:28 2nd Street, Suite 3036
City: San Francisco
State: California
Country: United States
Website: http://www.grandviewresearch.com/industry-analysis/glass-packaging-market-analysis

Calendar

November 2017
M T W T F S S
« Oct    
 12345
6789101112
13141516171819
20212223242526
27282930