The Asia Pacific (APAC) Glass Packaging Market is estimated to grow from US$16.171 billion in 2015 to US$22.739 billion by 2021, at a CAGR of 5.85% over the forecast period.
The region will witness fastest growth compared to other regional glass packaging markets over the next five years. Rising demand for soft drinks, growing alcohol consumption due to rise in disposable income coupled with rapid urbanization, improving standard of living and growing social acceptance of alcohol consumption especially in China and India, are driving the demand for glass packaging solutions in the region. However, growing flexible packaging industry will pose a great challenge to this market, thereby restraining the Asia Pacific glass packaging market growth over the forecast period.
The first section of the report deals with detailed research methodology for calculating market size and forecasts, secondary data sources used and the primary inputs which were taken for data validation. This section also outlines various segmentations which have been covered as part of the report.
The following section provides comprehensive market dynamics through an overview section along with growth drivers, challenges, and opportunities which exist in the current market. This section of the report also provides supplier and industry outlook as a whole; key industry and regional regulations which are determining the product specifications and a brief technological aspect of glass packaging solutions. Complete industry analysis has also been covered by Porter’s five forces model as a part of this report section.
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