Glass Packaging Market to Grow USD 79300 Million by 2028 at a CAGR of 4.2% | Valuates Reports

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31 Mar, 2023, 14:30 GMT

BANGALORE, India, March 31, 2023 /PRNewswire/ -- The Global Glass Packaging Market is Segmented by Type (Standard Glass Quality, Premium Glass Quality, Super Premium Glass Quality), by Application (Beverage Packaging, Pharmaceutical Packaging, Food Packaging, Personal Care Packaging): Global Opportunity Analysis and Industry Forecast, 2023-2029. It is published in Valuates Reports under the Packaging Category.

Due to the COVID-19 pandemic, the global size is estimated to be worth USD 61950 million in 2022 and is forecast to be a readjusted size of USD 79300 million by 2028 with a CAGR of 4.2% during the review period.

Major factors driving the growth of the Glass Packaging market:

Glass packaging market growth will be aided by rising packaged food consumption. a lot of it, a lot of it. Glass packaging is growing in a variety of categories due to rising consumer demand for safer and healthier packaging. In addition, new technologies for embossing, shaping, and adding artistic finishes to glass make it more appealing to end users. Furthermore, factors such as rising demand for environmentally friendly products and rising demand from the food and beverage market drive Glass Packaging market growth.

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TRENDS INFLUENCING THE GROWTH OF GLASS PACKAGING MARKET:

Glass is more easily recycled than plastic. Almost every piece of glass you come across contains some recycled material, making it an environmentally friendly option. Glass is the most stable of all packaging materials because it is virtually inert and impermeable. There is no danger of harmful chemicals leaching into glass-packaged food or beverages. There is no need for any additional barriers or additives. Glass is made from naturally occurring, abundant ingredients. The unique alchemy of sand, soda ash, limestone, and recycled glass continues to produce a wonderful material beloved by people all over the world. It does not require any additional materials or chemical layers to be completed. This factor is expected to drive the growth of the Glass Packaging market.

Glass has numerous advantages in the packaging of medical preparations. It is extremely strong, ideal for bulk transportation poses a little health risk, and does not chemically react with the product. Beer has grown dramatically in popularity among alcoholic beverages in recent years. The majority of beer is sold in glass bottles, necessitating higher production rates in the glass packaging industry. The growing demand for premium alcoholic beverages is propelling the growth of glass bottles. Developing countries, such as India, have a much higher quality perception of beer. This in turn is expected to fuel the Glass Packaging market.

Consumer demand for environmentally friendly milk has prompted a shift in the global dairy industry from plastic to glass bottles. Glass bottle demand has increased significantly for dairy companies such as Milk & More and Parker Dairies, as consumers are willing to pay a little more for the service rather than plastic in their efforts to help the environment. This in turn is expected to fuel the Glass Packaging market.

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GLASS PACKAGING MARKET SHARE ANALYSIS:

The main Glass Packaging players include Owens-Illinois, Veralia, Ardagh Glass, Vidrala, BA Vidro, Gerresheimer, etc. The top six Glass Packaging companies control approximately 27% of the global market.

The largest consumer market for Glass Packaging is Asia-Pacific, followed by North America and Europe. Changing trends are expected to continue in this region as a result of various investments and the increasing diffusion of beer in different regions, which can stimulate the glass bottles and containers market.

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Key Companies:

Owens-Illinois
Verallia
Ardagh Glass Group
Vidrala
BA Vidro
Gerresheimer
Vetropack
Wiegand Glass
Pochet Group
Zignago Vetro
Heinz Glas
VERESCENCE
Stölzle Glass Group
Piramal Glass
HNGIL
Vitro Packaging
Nihon Yamamura
Allied Glass
Bormioli Luigi
Vetrobalsamo
Ramon Clemente
Vetrerie Riunite.

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SIMILAR REPORTS:

- The global Pharmaceutical Glass Packaging market was valued at USD 4211.7 million in 2022 and is anticipated to reach USD 5870.5 million by 2029, witnessing a CAGR of 4.8% during the forecast period 2023-2029.

- Due to the COVID-19 pandemic, the global Cosmetic and Perfume Glass Packaging market size is estimated to be worth USD 4268.3 million in 2022 and is forecast to a readjusted size of USD 5037.5 million by 2028 with a CAGR of 2.8% during the review period.

- Due to the COVID-19 pandemic and Russia-Ukraine War Influence, the global market for Glass Bottles and Containers estimated at USD 74030 million in the year 2022, is projected to reach a revised size of USD 103190 million by 2028, growing at a CAGR of 5.7% during the forecast period 2022-2028.

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- The global electrochromic glass market was valued at USD 1.4 Billion in 2019 and is projected to reach USD 2.6 Billion by 2027, growing at a CAGR of 9% from 2020 to 2027.

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- In 2020, the global Fiberglass market size was USD 8191.2 Million and it is expected to reach USD 10740 Million by the end of 2027, with a CAGR of 4.4% during 2021-2027.

- The global pharmaceutical packaging market accounted for D 88,880 million in 2019 and is expected to reach D 144,233 million by 2027, registering a Compound Annual Growth Rate (CAGR) of 6.1% from 2020 to 2027.

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- The global Industrial Packaging market size is projected to reach USD 66090 million by 2026, from USD 49000 million in 2019, at a Compound Annual Growth Rate (CAGR) of 4.3% during the forecast period 2021-2026.

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- Due to the COVID-19 pandemic, the global Paper and Paperboard Packaging market size is estimated to be worth USD 189320 Million in 2022 and is forecast to a readjusted size of USD 224740 Million by 2028 with a CAGR of 2.9% during the review period.

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