Glass Packaging Market Size, Share, Growth, Trends and Industry Analysis Report, 2020
The global glass packaging market size was estimated at USD 48.97 billion in 2013, growing at a CAGR of 4.5% from 2014 to 2022.
(firmenpresse) - The 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.
Further key findings from the study suggest:
creased beer consumption from countries of Eastern Europe.
jority of the application segments. Other key companies in the market include Ardagh, Vidrala and Vetropack among.
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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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888-202-9519
Email: sales(at)grandviewresearch.com
For More Information: www.grandviewresearch.com
Datum: 23.12.2019 - 05:43 Uhr
Sprache: Deutsch
News-ID 1554937
Anzahl Zeichen: 2389
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Phone: 1-888-202-9519
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Typ of Press Release: Financial
type of sending: send
Date of sending: 23.12.2019
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