Global Glass Packaging Market for Food and Beverages 2015-2019
About glass packaging for food and beverages products
Glass is used in the packaging of food and beverages products. Glass bottles and jars can be molded into a variety of shapes and dimensions, making them highly applicable for packaging. Its inert nature and its ability to preserve products for a long period of time make glass a popular choice for packaging in the F&B industry.
Technavio's analysts forecast the global glass packaging market for food and beverages to grow at a CAGR of 2.71% over the period 2014-2019.
Covered in this report
The report covers the current scenario and the growth prospects of the global glass packaging market for food and beverages for the period of 2015-2019. To calculate the market size, the report considers the revenue generated from the sales of the vendors present in the global glass packaging market for food and beverages. Alcoholic beverages (excluding beer) are not included in the scope of this research. The market can be segmented as follows:
Technavio Announces the Publication of its Research Report – Global Glass Packaging Market for Food and Beverages 2015-2019
Technavio recognizes the following companies as the key players in the Global Glass Packaging Market for Food and Beverages: Ardagh Packaging, HNGI, Owens-Illinois and Saint-Gobain
Other Prominent Vendors in the market are: Amcor, Consol Glass, Orora, Allied Glass Containers, Piramal Glass, Vetropack Holding, Vidrala, Vitro Packaging, Wiegand-Glass, Gerresheimer, and Anchor Glass Container.
Commenting on the report, an analyst from Technavio’s team said: “Glass is heavy and cumbersome to transport. This scales up the cost of bottling and production. However, manufacturers are investing in R&D to develop lightweight glass packaging. Frozen polymers are blasted with lasers, and the liquid is cooled rapidly to produce lightweight glass. This type of glass enhances end-user usability and reduces wastage. Lightweight glass packaging is both recyclable and cost-effective.”
According to the report, beer is one of the major commodities that require glass packaging because it is sensitive to UV light. The rate of beer consumption is high in the growing economies of APAC and Eastern Europe. In addition, the availability of a wide range of beer options in the untapped market and an increase in the purchasing power of consumers has led to a rise in the consumption of beer.
Further, the report states that vendors in the global glass market are experiencing high competition because of the use of PET bottles and metal cans in the packaging of food and beverage products. High shatter resistance makes PET products the preferred choice in the food and beverage industry to ensure greater compliance with hazard analysis.
Ardagh Packaging, HNGI, Owens-Illinois, Saint-Gobain, Amcor, Consol Glass, Orora, Allied Glass Containers, Piramal Glass, Vetropack Holding, Vidrala, Vitro Packaging, Wiegand-Glass, Gerresheimer, Anchor Glass Container.