@ 2016 Global Market Insight, Inc. USA. All Rights Reservedwww.fractovia.org Glass Packaging Market growth drivers in 2017 & Challenges by 2024

@ 2016 Global Market Insight, Inc. USA. All Rights Reservedwww.fractovia.org  Overview  The worldwide Glass Packaging Market stood at USD 45 billion in 2016 and is anticipated to exceed a valuation of USD 65 billion by 2024, growing at an annual rate of 4.5% over Over the past few decades, global glass packaging industry has provided the pharmaceutical and food & beverage sectors with remarkable innovations in their packaging solutions.Glass Packaging Market  Glass is a 100% recyclable product that can be reused without any deprivation in the quality or the purity of the material. Owing to its negligible chemical interaction rate, glass has for long been a favorite material category used in packaging of medicines and other beverages.  The very recent collaboration between Merck, Pfizer, and Corning Inc., has significantly accelerated the innovation trends in the pharmaceutical glass packaging market. Once such breakthrough by Corning in glass container & packaging is Valor Glass engineered for the storage and conveyance of advanced injectable drugs.  Valor Glass packaging exhibits superior strength, damage resistance, chemical durability, and higher levels of quality assurance which is fueling its demand in the medical fraternity. With regards to the aforementioned factors, healthcare sector can rightly be termed as one of the leading drivers for the expansion of glass packaging industry.

@ 2016 Global Market Insight, Inc. USA. All Rights Reservedwww.fractovia.org  As per estimates, glass packaging market share from pharmaceutical applications is anticipated to record a CAGR of more than 4% over  Alcoholic beverage is set to emerge as a key sector generating lucrative avenues for the global glass packaging industry, having procured a major chunk of the total demand over the past few years. Another chief factor stimulating the glass packaging demand is the rise in global consumption of beer.  As dark shade glass helps in deflecting the UV rays and keeps the beer from being ‘skunky’, glass bottles are most commonly used in the packaging of beer. Easy availability, cost effectiveness, and influence of western lifestyle have increased the consumption of beer particularly in Mexico and Vietnam recording the highest increase of 6.5% and 7.5% respectively form  Eastern Europe and Asia Pacific are the two prominent regions spectating a significant rise in the consumption of alcoholic beverages and pharmaceuticals. Subject to this fact, glass packaging industry is expected to show robust growth in these regions over the coming years.

@ 2016 Global Market Insight, Inc. USA. All Rights Reservedwww.fractovia.org Browse Full Research Request for a Sample of this Research

@ 2016 Global Market Insight, Inc. USA. All Rights Reservedwww.fractovia.org  Eastern Europe and Asia Pacific are the two prominent regions spectating a significant rise in the consumption of alcoholic beverages and pharmaceuticals. Subject to this fact, glass packaging industry is expected to show robust growth in these regions over the coming years. As stated by the report on glass packaging market, Asia Pacific represented the largest market worldwide, closely followed by Europe. Asia Pacific accounted for more than 40% of the overall glass packaging market in 2016, subject to huge customer base and growing hospitality sector in China, India, Thailand, and other countries.  One of the largest threats faced by glass packaging industry is the growth of plastic pouch packaging. Factors such as less brittleness, light weight, and easy handling & transport of plastics pouches is likely to make a dent in glass packaging market share. However, proliferation of various technological breakthroughs in the glass packaging industry has allowed the products to become much lighter in weight and easy for transportation.  Moreover, despite the increasing popularity of plastic packaging materials, customers are preferring highly sustainable products with high grade of recyclability, on account of which glass is still the most preferred packaging material.  360 Analysis

@ 2016 Global Market Insight, Inc. USA. All Rights Reservedwww.fractovia.org Competitive Trends: The notable industries in Glass Packaging are  Saint-Gobain,  Gerresheimer AG,  Owens-Illinois Inc,  Vetropack Holding AG,  Ardagh Group S.A.,  Hindustan National Glass (HNG),  Piramal,  Stölzle-Oberglas GmbH  Nihon Yamamura Glass Co., Ltd. Inquire Before Buying This Request for a Sample of this Research

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