Growing implementation of glass packaging in food & beverages coupled with pharmaceuticals sector in light of its non-corrosive property is anticipated to fuel the demand.
Global Glass Packaging Market is expected to witness lucrative growth in the upcoming years on account of rising trend for alcoholic beverages and increase in the number of the beer industry. In 2013, the size of the industry was projected to be USD 48.97 billion. An increasing number of beer industry and increasing demand for alcoholic beverages in Asia Pacific and Eastern Europe is anticipated to escalate the growth of the industry over the upcoming years. Glasses do not react with chemicals, and are reusable and highly sterile. Glass packaging has its wide applications in pharmaceuticals, personal care products, food & beverages, cosmetics, wines, beers and ciders. Glass bottles exist in numerous colors, sizes and shapes. Beer, ciders and wines are packed in dark colored bottles owing to resistance for over-fermentation.
Growing implementation of glass packaging in food & beverages coupled with pharmaceuticals sector in light of its non-corrosive property is anticipated to fuel the demand. Moreover, numerous features including non-permeability, recyclability, and no reactions chemicals makes it an appropriate packaging material for numerous applications which include beverages, soft drinks, medical and beer. Rising consumer health awareness coupled with improving living standards is expected to stimulate glass packaging demand in pharmaceutical sector. Glass being ecological coupled with various on-going research and development to improve packaging, and to develop glasses which are 50% lighter when compared to the traditional forms, thus, the demand is anticipated to witness enormous potential over the next few years.
The key market players operating the market include Saint-Gobain, Owens Illinois Inc., Vetropack, Gerresheimer, and Ardagh were found to dominate the sector in 2015 and accounted for more than 33%. Few more participants include Tamron Co., Ltd., Piramal Glass Limited. Hindusthan National Glass & Industries Ltd., Amcor, Bormioli Rocco SpA, Stölzle-Oberglas GmbH, Nihon Yamamura, Koa Glass Co. Ltd., Wiegand-Glas, and Vidrala SA. The global industry is vastly fragmented in light of the existence of various medium and small sized companies. Numerous participants have to abide by the EU, the U.S. EPA and FDA regulations concerning to usage, disposal of glass and manufacturing.
