New York – October 10, 2022 – The recent market research analysis of “Glass Packaging Market: Global Demand Analysis & Opportunity Outlook 2033” by Research Nester delivers an in-depth competitors analysis and a detailed overview of the global glass packaging market in terms of market segmentation by glass type, application, and by region over the forecast period, i.e., 2023-2033.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with a detailed discussion on current and future market trends that are associated with the growth of the global glass packaging market. These analyses help organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future. Additionally, the growth opportunities exposed by the market are poised to gain significant momentum in the next few years.

Glass packaging market to find numerous growth opportunities on the back of growing sales of snacks and pickles, finds Research Nester

The global glass packaging market is estimated to grow majorly on account of the skyrocketing export/import volume of alcohol and easy recycling of glass bottles. As of 2018, around 40% of beer and soft drink bottles were recycled. Additionally, the increasing utilization of glass packaging in the fragrance industry and tea & coffee is further expected to fuel the growth of the market over the forecast period. For instance, in 2021, about 300 billion liters of tea were consumed by the global population.

The global glass packaging market is segmented on the basis of application into food & beverage, personal care, cosmetics, pharmaceuticals, household care, agriculture, and others. The food & beverage segment is to garner the highest revenue by the end of 2033 by growing at a significant CAGR over the forecast period. The growth of the segment can be ascribed to the rising sales of packed food across the globe. For instance, the food and drink segment was anticipated to reach around USD 0.75 billion in 2022.

By region, the Asia Pacific glass packaging market is to generate the highest revenue by the end of 2033. This growth is anticipated by higher demand for ready-to-eat meals, alcohol, and soft drinks, and the constantly rising population of the region. As of 2018, the population of Asia Pacific was estimated to hit approximately 4500 million. Hence, all these factors are expected to hike the growth of the market over the forecast period.

The research is global in nature and covers detailed analysis on the glass packaging market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising of global glass packaging market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.

This report also provides the existing competitive scenario of some of the key players of the global glass packaging market which includes company profiling of Ardagh Group S.A., PGP Glass Private Limited, Verallia Group, Bormioli Luigi S.p.A., VITRO Flat Glass LLC, Stoelzle Oberglas GmbH, Amcor Limited, Mondi plc, Gerresheimer AG, Westpack LLC, and others.

The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global glass packaging market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.     

For more info visit our blog at: https://www.researchnester.com/reports/glass-packaging-market/4645