Big Market Research has released its latest report on the global glass packaging market for food and beverages.
This research report segments the global glass packaging market by hot drinks, packaged drinks, milk and dairy drinks, CSD, beer and cider, juice drinks, iced tea and coffee, spirits, wine, sports energy drinks, and others. Year-on-year growth forecast of the market with key trend analysis until 2019. Market shares for APAC, Europe, Americas, and MEA. The leading vendors analyzed by this market include Ardagh Packaging, HNGI, Owens-Illinois, Saint Gobain.
The market research analysts estimate the global glass packaging market for food and beverages to grow at a CAGR of around 3% between 2015 and 2019. Rise in the consumption of beer worldwide and growing demand from APAC are expected to boost the volume sales of glass packaging products during the forecast period. Geographically, APAC leads the global market for glass packaged food and beverages, accounting for around 37% of the overall revenue. Rapid urbanization in APAC countries and rise in the demand for convenience beverages products adds to the growth of this region.
The new market research report provides a breakdown and analysis of the glass packaging segments by technology.
“The market is witnessing increased investments in lightweight glass packaging by the market vendors. The manufacturers are using frozen polymers with lasers to produce lightweight glass. Such glass improves the end-user usability and reduces wastage. Also, lightweight glass packaging is recyclable as well as cost-effective,” According to report.
Preference for PET plastic bottles and metal cans due to their lightweight nature lowers the demand for glass packaging products. This has encouraged various technological advancements in the glass packaging market. Vendors are using modern microprocessor-based controllers and intelligent control systems to develop hi-tech glass, which is resistant to extreme weather and pressure conditions. Several companies like Amcor and Ardagh are using new injection molding, blow molding, and extrusion molding processes to offer different packaging products.
The key vendors in the global glass packaging market for food and beverages include Ardagh Packaging, HNGI, Owens-Illinois, Saint Gobain. The market is competitive because of the presence of several vendors. Regional vendors provide glass packaging solutions with high levels of customization at a price lower than those of global vendors. The probability of new players entering this market is moderate because the initial investment required is high.
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