About Glass Packaging
Glass packaging uses glass for packaging beverages (alcoholic and non-alcoholic), food products, personal care products, pharmaceutical products, and household products. Glass packaging is widely used in the packaging of perishable goods and for products that can react with the packaging materials. Based on the application, glass packaging can be segmented as food and beverage packaging, personal care packaging, pharmaceutical packaging, and other applications.
Technavio’s analysts forecast the global glass packaging market to grow at a CAGR of 4.15% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global glass packaging market for 2017-2021. To calculate the market size, the report considers the revenue generated by the vendors operating in this market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Glass Packaging Market 2017-2021
Technavio recognizes the following companies as the key players in the global glass packaging market: Ardagh Group, DuPont, Gerresheimer, Orora, and Owens-Illinois.
Other Prominent Vendors in the market are: BA Glass, Beatson Clark, Berlin Packaging, Bormioli Rocco, HEINZ-GLAS, Hindusthan National Glass & Industries, Koa Glass, Piramal Glass, Stolzle Glas, Verallia, Vetropack Holding, Vidrala, and Wiegand-Glas.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Technological upheaval in glass packaging. Technological advances are trending in the global glass packaging market, which are driving the demand for glass packaging. Large companies are investing in R&D to develop innovative technology in glass packaging. Modern microprocessor-based controllers and digital control systems are used to develop hi-tech glass, which offers high resistance toward extreme conditions of pressure and temperature. The incorporation of packaging design upheaval, development of resistant quality packaging materials, and enhancing the aesthetic appeal of glass packaging through decorative visual designs are possible because of the high molding properties of glass.”
According to the report, one of the major drivers for this market is High recycling capacity of glass. The increasing environmental concerns are driving vendors and customers toward glass packaging. Unlike, plastics and other packaging materials, glass is made from natural materials, such as sand, limestone, and soda ash, which makes it 100% recyclable in nature. The chemical composition of glass does not leach materials or products inside the glass packaging. The recycling rate of glass bottles can be as high as 60%-80%. This also ensures significant saving of raw material for the end-users. Recycling of glass also saves money because the cullet from which it is made melts at a low temperature.
Further, the report states that one of the major factors hindering the growth of this market is Competition from alternative packaging solutions. Vendors operating in the glass packaging industry are facing tough competition from other packaging materials, such as plastics and metal cans. The rising use of PET bottles and metal cans for packaging by the food and beverage industry is posing a challenge to the glass packaging industry.
Ardagh Group, DuPont, Gerresheimer, Orora, Owens-Illinois, BA Glass, Beatson Clark, Berlin Packaging, Bormioli Rocco, HEINZ-GLAS, Hindusthan National Glass & Industries, Koa Glass, Piramal Glass, Stolzle Glas, Verallia, Vetropack Holding, Vidrala, and Wiegand-Glas.
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