Glass Packaging Market Growth, Market Insights and Forecast to 2025Posted by rekha on November 12th, 2019 “The Global Glass Packaging Market was valued around US$ XX Mn by 2018 and growing at a significant CAGR over next seven years 2019-2025 due to growing consumption of glass packaging” The global glass packaging market accounted for US$ XX Mn in 2018 and burgeoning over the forthcoming years. Rising demand for alcoholic beverages along with rapid increase in the beer industry, growing consumption of glass packaging in pharmaceuticals along with food & beverages sector, increasing consumer health awareness and growing technological innovation in terms of packaging are some key factors influencing the market growth. However, factors such as growing usage of substitute products and rising operational costs are hindering the market growth. Global glass packaging market segmented on the basis of product, application and region. Request for Sample Report @ https://www.precisionbusinessinsights.com/request-sample?product_id=37931 Borosilicate Dominate the Global Glass Packaging Market Based on product, global glass packaging market segmented into borosilicate, de-alkalized soda lime and soda lime.Borosilicate held considerable market share during forecast period. Borosilicate glass is a type of glass, where silica and boron trioxide are the main constituents while the formation of it. Borosilicate glass contains 81% silica, 12% boric oxide, 5% soda and 2% alumina. It is manufactured by melting & combining silica sand, boric oxide, alumina, and soda ash. The geometry of the product decides the manufacturing process. Borosilicate glass possesses various properties including low thermal expansion coefficient, high thermal resistance, high chemical corrosion resistance, high mechanical strength and low gas melting temperature, among others. Borosilicate glass is widely used in electronic devices as well as in medical implantable devices. Asia Pacific Leads the Global Glass Packaging market PBI’s global glass packaging market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis.Asia Pacific accounted for larger revenue share in global glass packaging market with considerable CAGR. The growth in this region is due to accelerating use of glass in various end-use industries and rising trend of consuming alcoholic drinks. Also North America held significant market share during estimated period owing to rising pharmaceuticals industries and technical advancements along with high manufacturing base. In addition, Europe held steady growth during the period due to expansion of beer industry across France and Germany and high consumption of glass packaging Strategic Acquisitions are the key strategies adopted by market players
Global Glass Packaging market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For Instance, In April 2019: Owens Illinois acquired Nueva Fanal, which is located near Mexico City, and is a container glass manufacturing facility from Grupo Modelo. Key player’s profiles in the report are Piramal Glass Private Limited, Owens Illinois Inc., Amcor Ltd., Bemis Company Inc., WestPack LLC, Sonoco Products Company, Uhlmann Group, Gerresheimer AG, Hindustan National Glass & Industries Ltd., Ardagh Group and HEINZ-GLAS GmbH & Co. KGaA. Precision Business Insights (PBI) in its report titled “Global Glass Packaging Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. Moreover, the report also includes the total revenue and volume for the market. Detailed Segmentation
By Product o Borosilicate o De-alkalized Soda Lime o Soda Lime By Application o Alcoholic Beverage o Beer o Food and Beverage o Pharmaceuticals o Others By Geography o North America
o Europe
o Asia-Pacific
o Latin America
o Middle East and Africa (MEA)
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