Global Glass Packaging Market - Forecasts From 2018 to 2023

Global glass packaging market is estimated to reach US$66.724 billion by 2023 at a CAGR of 3.76% over the forecast period from a market size of US$53.484 billion in 2017. Increasing consumption of alcoholic drinks and growing investment in the pharmaceutical sector will drive the demand for glass packaging solutions over the forecast period. Rising disposable income, changing lifestyle, growing demand for fruit and soft drinks are some of the other factors driving the demand for glass packaging solutions. Recyclability and inertness are some of the major advantages offered by glass packaging products, which makes them more suitable for various packaging applications. Even though this market is expected to witness moderate growth over the next five years, a significant challenge will be posed by plastic packaging solutions.

This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.

Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top-down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the pressure sensors value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.

Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the market.

Major industry players profiled as part of the report are Kaufman Container, Owens- Illinois, Vetropack Holdings Ltd., Ardagh Group, Nihon Yamamura, and PiramalGlass among others.

Segmentation

The glass packaging market has been analyzed through the following segments:

By Application

• Manufacturing
  
• Construction
  
• Transportation and Logistics
  
• Aerospace and Defense
  
• Automotive and Railway
  
• Others
  

By Geography

North America

• USA
  
• Canada
  
• Mexico
  
• Others
  

South America

• Brazil
  
• Argentina
  
• Others
  

Europe

• Germany
  
• France
  
• United Kingdom
  
• Spain
  
• Others
  

Middle East and Africa

• UAE
  
• Israel
  
• South Africa
  
• Others
  

Asia Pacific

• China
  
• Japan
  
• India
  
• South Korea
  
• Others