Global Retail Glass Packaging Market 2017-2021
About Retail Glass Packaging
Glass packaging is convenient to use, is sturdy, and provides a firm grip. Glass is used as the primary material for packaging a variety of products due to its thermal and chemical resistance. It can withstand temperatures up to 380º F. For instance, borosilicate glass material is water-resistant and neutral to acids and concentrated acid mixtures (including chlorine, bromine, iodine, and organic substances).
Technavio’s analysts forecast the global retail glass packaging market to grow at a CAGR of 4.33% during the period 2017-2021.Covered in this report
The report covers the present scenario and the growth prospects of the global retail glass packaging market for 2017-2021. To calculate the market size, the report provides the vendor landscape which includes key vendors who supply glass packaging solutions to the manufacturers of retail products.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Retail Glass Packaging Market 2017-2021
Technavio recognizes the following companies as the key players in the global retail glass packaging market: Amcor, Ardagh, Gerresheimer, Owens-Illinois, and Verallia.
Other Prominent Vendors in the market are: Anchor Glass Container, CONSOL, Orora Packaging Australia, Piramal Glass, Vetropack Holding, Vidrala, Vitro, and Wiegand-Glas.
Commenting on the report, an analyst from Technavio’s team said: “One trend in market is growing demand for premium alcoholic beverages. The presence of popular brands like Kopparberg, Woodchuck, and Angry Orchard has increased the demand for premium-quality cider. Premium brands are in high demand compared with economically priced products due to the rise in disposable income, consumption of alcohol as a status symbol, and the association of premium labels with beverage quality and taste. The high demand for premium alcohol among consumers is because it is smoother and is perfect for sipping. Premium cider accounts for 34.5% of the overall cider volumes. Even in mature markets like the US and France, premiumization is driving the market, and consumers are shifting from local spirits to premium spirits. Hence, this trend across all product categories will drive the growth of the packaging market during the forecast period.”
According to the report, one driver in market is increased demand for several beverages. The market share of the CSD segment has been declining for the last 10 consecutive years, and there is a growing demand for other types of drink, especially in dairy segment. Growing urbanization and high levels of disposable income have increased the consumption of dairy beverages. An increase in per capita income has increased the purchasing power of people worldwide, which has a major implication on the global beverages packaging market. There is an increased demand for dairy beverages and products in different forms, such as condensed milk, buttermilk, casein, homogenized milk, yogurt, and frozen dihydrogen monoxide creams, which has increased the demand for packaging in the market.
Further, the report states that one challenge in market is competition from PET bottles and metal cans. Vendors face competition in the global retail glass package market due to the high demand for PET bottles and metal cans used for packaging food and beverage products. PET plastic bottles accounted for a major share in the beverage segment, comprising 63.2% of the market share in the global PET market, whereas in the food segment, it comprised 10.30% of the market share in 2015. Products such as water bottles and carbonated soft drinks generate major revenue in terms of volume sales in the global PET bottles market. The metal cans industry is also seeing a high demand in the canned food segment for packaging of products such as soups, vegetables, fruits, poultry and baby foods. Europe and APAC account for a major share in terms of regions due to a high demand for metal cans in Eastern Europe and the growth of the retail industry in APAC. Therefore, an increase in the demand for PET bottles and metal cans has led to a decline in the demand for glass packaging for food and beverages in these regions.
Amcor, Ardagh, Gerresheimer, Owens-Illinois, Verallia, Anchor Glass Container, CONSOL, Orora Packaging Australia, Piramal Glass, Vetropack Holding, Vidrala, Vitro, Wiegand-Glas.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook