Growing demand of food and beverage facilitating glass packaging market

Date: 8 May 2020

According to a research report published by Azoth Analytics in April 2020, the Global Glass Packaging Market was valued at USD 50.25 Billion in the year 2019. The Glass Packaging market is expected to grow at a rapid pace during the forecast period. Demand for safe and healthier packaging, increased consumption of Alcoholic Beverages and Rising Environmental Concern is the key drivers of the market across the globe. Additionally, increasing demand of food and Beverage and Pharmaceutical Industry will drive the Glass Packaging market value in the near future.

The main growth in Glass Packaging Market has been registered from Asia-Pacific countries in 2019. These nations are fast developing and urbanisation is also rising due to which consumption of beer and alcoholic beverage is increasing which is one of the largest factors to drive Glass Packaging market. Growing demand of food and Beverage and demand for Pharmaceutical Industry are some of the driving factors which is anticipated to propel the market value in forecast period. 

Some of the factors such as growth in developing countries, demand of sustainable and eco-friendly packaging material, demand of glass as material, rising consumption of alcoholic beverages, are expected to augment the market growth rate. Despite of the advantages of glass over other packaging material, it has some disadvantages also, so the development of innovative technologies to reduce the cost and increase benefits of Glass Packaging has put the Glass Packaging market among the top ranks in the global packaging competition arena. Additionally, the competitiveness of Glass Packaging manufacturing companies is strongly linked to demand of healthier and safe packaging, which is making every country to invest in this sector. The driving factor for the Glass Packaging market during the historical period was the demand of food and beverage. And the need of sustainable and eco- friendly packaging material was the primary reason for the introduction of glass as packaging material.

The Azoth Analytics research report titled Glass Packaging Market has analysed and segmented the Glass Packaging market by Value (USD Billion). The report has also further analysed the Glass Packaging market by Glass Type (Type-I, Type-II and type-III) and by End user (Alcoholic Beverages, Food and non- alcoholic beverages, Pharmaceutical and others). The Global Glass Packaging market has been analysed By Region (Americas, Europe, Asia Pacific, and Rest of World) and By Country (United States, Canada, Mexico, Brazil, Germany, France, United Kingdom, China, Japan and India) for the historical period of 2015-2019 and the forecast period of 2020-2025.