As per this study, the Global Glass Packaging Market was valued at USD 52 BN (by revenue) in 2017 and is anticipated to reach USD 68.4 BN by 2024 with a CAGR of 4%. By volume, the market was estimated at XXX KT in 2017 and is expected to reach XXX KT by 2024 with a CAGR of X.X%.
 
The glass is considered as the safest choice for the packaging products especially food products and drugs. They are basically used to avoid contamination of any chemical or another foreign element to the food particles. Glass is made up of natural materials such as sand, soda ash, and limestone. Further adding to this, it the only packaging material that is approved as fully safe by the FDA.
 
Objectives of the Study:

• Define and measure the global glass packaging market
• Volume and revenue forecast of the global glass packaging market and its various sub-segments with respect to main geographies
• Analyze and identify major market trends along with the factors driving or inhibiting the market growth
• Study the company profiles of the major market players with their market share
• Analyze competitive developments

 
Market Dynamics
 
Growing usage of glass for packaging of food & beverages and alcohol drinks worldwide along with the rising demand from pharmaceutical is driving the product demand. Also, growing demand from pharmaceutical for packaging drugs in order to protect the drugs and avoid contamination is further driving the market growth. Additionally, growing technological innovation in terms of packaging is further fueling the industry growth. On the other hand, growing usage of plastics as a packaging material is likely to hamper the market growth.
 
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of glass packaging.
 
Market Segmentation
 
The broad glass packaging market has been sub-grouped into product and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
 
By Product

• Borosilicate
• De-alkalized Soda Lime
• Soda Lime

 
By Application

• Alcoholic Beverages
• Beer
• Food & Beverages
• Pharmaceuticals
• Others

 
Regional Analysis
 
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for glass packaging in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
 
Europe Glass Packaging Market By Revenue (USD MN)
 

 
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the glass packaging market include Ardagh Group, Gerresheimer AG, Owens-Illinois Inc, Saint-Gobain, Vetropack Holding AG, and Vidrala S.A. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
 
 
METHODOLOGY:
 
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.