What is Glass Packaging Materials Market?
Glass packaging is one of the trusted forms of packaging for health, taste, and environmental safety. Growing consumption of glass packaging in pharmaceuticals along with the food & beverage sector is expected to drive the demand for glass packaging materials. Increasing consumer health awareness along with high living standards increase the growth of glass packaging materials.
The market study is being classified by Type (Standard Glass Quality , Premium Glass Quality and Super Premium Glass Quality), by Application (Beverage Packaging , Food Packaging , Pharmaceutical Packaging and Personal Care Packaging) and major geographies with country level break-up.
Owens-Illinois (United States), Ardagh Glass Group (Irland), Veralia (France), Vidrala (Spain), BA Vidro ( Portugal), Gerresheimer (Germany), Wiegand Glass (Germany), Pochet Group (France), Zignago Vetro (Italy) , Heinz GLass (Germany) and VERESCENCE (France) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Stolzle Glas Group ( Austria), Piramal Glass (India), HNGIL (India), Nihon Yamamura (Japan), Allied Glass (United Kingdom), Bormioli Luigi (Italy) and Vetrobalsamo (Italy).
Research Analyst at AMA predicts that Global Vendors will contribute to the maximum growth of Global Glass Packaging Materials market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Glass Packaging Materials market by Type, Application and Region.
On the basis of geography, the market of Glass Packaging Materials has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Demand for Safe and Healthier Packaging
- Rising Demand from the Food and Beverage Industry
Market Trend
- Increasing Demand for Eco-Friendly Products
Restraints
- High Operational Costs
- Issues related to Supply Chain
Opportunities
- Rising Demand For Glass In Pharmaceutical Packaging
- Growth in Product Innovation and Technological Advancements related to Glass Packaging
- Rising Consumption of Alcoholic and Non-alcoholic Beverages
Challenges
- Increasing Usage of Substitute Products like Plastic, Metal
Market Leaders and some development strategies
On July 2019, Owens-Illinois, Inc. has announced the acquisition of Nueva Fanal which produces and supply glass containers for Grupo Modelo brands and is located near Mexico City
As per the Food Safety and Standards (Packaging) Regulations, 2017, Manufacturer need to manufacture either from colourless glass or glass with a slight tinge of colour. They shall be free from blisters, mould marks, stones and chippings and as far as possible shall be free from bubbles, cords, seeds and other visible defects. They shall have a smooth surface without cracks, pinholes, sharp edges or broken bubbles. The sealing surface shall be free from hairline cracks and prominent seam marks.
Key Target Audience
Glass Packaging Materials Manufacturers, Glass Packaging Materials Distributors/Traders/Wholesalers, Glass Packaging Materials Subcomponent Manufacturers, Industry Association, Downstream Vendors, Government Bodies and Others