Global Glass Packaging Market to Rise at 4.6% CAGR Due to Growing Demand From Beer Industry: Transparency Market Research
By Business Wire News
By Business Wire News
Transparency Market Research has recently published a research report titled “Glass Packaging Market for Food & Beverages, Pharmaceuticals, Beer and Other Alcoholic Beverages – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020”.
According to the research report, the global glass packaging market was worth US$40.32 billion in 2013. It is estimated to reach US$55.24 billion by 2020, growing at 4.6% CAGR during 2014 to 2020. In 2013, the global demand for glass packaging was held at 54,246.8 kilo tons, in terms of volume. The global glass packaging market is analyzed on the basis of applications and geography.
Based on applications, the glass packaging market is classified into beer, pharmaceuticals, food and beverages, alcoholic beverages excluding beer, and others such as chemicals and personal care products.
In 2012, glass packaging dominated the beer packaging market, with 60% of beer packaged in glass bottles. Metal cans accounted for around 20% of beer packaged that year. Although plastic bottles and metal cans are likely to experience significant growth in beer packaging market, glass is anticipated to continue to be the preferred material for packaging of beer.
Regionally, on a rough scale, the market for glass packaging is classified into North America, Europe, Asia Pacific, and Rest of the World.
The United States is the key market for glass packaging in North America, while Europe is further divided into Turkey, Portugal, Italy, Germany, and France. The market for glass packaging in Asia Pacific is categorized into India and China, whereas Brazil is the key glass packaging market in Rest of the World.
The global glass packaging market is highly fragmented; the top 6 companies accounted for less than 35% of the total market between them.
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Transparency Market Research (TMR) is a U.S. based market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.