© 2016 Global Market Insights. All Rights Reserved F&B Applications boosting Glass Packaging Market by 2017 to 2024

© 2016 Global Market Insights. All Rights Reserved  The 2017 Glass Packaging Market forecast report focuses on regional growth for 15+ countries, leading industry companies, applications of Aluminum Alloys Market and more with an aim to help take business decisions.  Glass Packaging Market size will surpass USD 65 billion by 2024; according to a new research report by Global Market Insights, Inc. Glass Packaging Market  Healthcare industry is one of the leading driver for the glass packaging market. In 2016, the global healthcare industry revenue was around USD 1.6 trillion and will grow at an exponential rate in the forecast period. Increasing pharmaceutical products and medicines demand will propel the glass packaging market owing to its chemically inert properties towards the liquid syrups.  Glass is a 100% recyclable product without degradation of purity or quality. It also has a negligible chemical interaction rate which makes it a favorable material for the packaging of medicines and other chemicals. These factors have driven the industry in the healthcare sector on a large scale. Global Market Scenario of Glass Packaging Industry

© 2016 Global Market Insights. All Rights Reserved  Food and beverages are stored in glass containers and bottles as it is impermeable and non- porous. This makes it easy to keep intact and preserve the flavors and smell of the food and beverages.  Close to 80% of the product that goes into the recycle bin is used to make new bottles. Rising health awareness and potential risks from plastic packaging have shifted consumer focus on glass packed products over plastic or metal. These aspects will propel the glass packaging market in coming years.  Growing plastic packaging demand due to cost effectiveness, easy handling & transportation, durability, and moldability, and aesthetic features will negatively affect the glass packaging market in coming years.  Glass packaging, due to its high cost, brittleness and transportation inconvenience is may face hindrance in growth in future years. Continue:-

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© 2016 Global Market Insights. All Rights Reserved Product Analysis:-  Global glass packaging market is bifurcated on the basis of product into soda lime, de-alkalized soda lime, and borosilicate types. Popularly known as soda lime silica glass, soda lime product is commonly used in the food & beverages industry.  It is also used for containers and windows. Soda lime product type holds a substantial share in the entire glass packaging market.  Borosilicate type is formed using major constituents such as boron trioxide and silica. It is subject to less thermal stress and finds application in reagent bottles construction.  Application Analysis:-  On the basis of application, the industry is classified into pharmaceutical, food & beverages, beer, alcoholic beverages and others. The others segment includes minor applications such as personal care, cosmetic products, fragrance & perfumes, etc.  Increasing beer and alcoholic beverages consumption in emerging economies coupled with the changing lifestyles and increasing income levels will propel the glass packaging market in these regions. This segment holds almost a fifth of the entire industry. Request for customization:

© 2016 Global Market Insights. All Rights Reserved Regional Analysis: Taking regions into consideration, Asia Pacific accounts close to 40% of the overall glass packaging market share. Development in pharmaceutical industry and rising amount of alcohol consumption will propel the industry in the next few years. India and China will dominate the regional glass packaging market owing to hospitality sector development and enormous customer base. Competitive Analysis: With top six players accounting for a 30% industry share, global glass packaging market is highly fragmented in nature. The key top players in the market are: Vetropack Holding, Vidrala, Gerresheimer, Saint-Gobain, Ardagh Group, and Owens-Illinois Inc. Other prominent players in the industry include Wiegand-Glas, Amcor, Vitro Packaging, Stolzle- Oberglas, Piramal, Nihon Yamamura, Koa, Heinz-Glas, Hindusthan National Glass & Industries, Consol, and Bormioli Rocco SpA to name a few.

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