Spain Brazil Russia France Germany China Korea Japan

Artificial Intelligence driven Marketing Communications

Jun 30, 2020 3:07 AM ET

Glass Packaging Market Overview by Recent Revenue, Growth, Business Opportunities and Challenges Created by COVID-19 | Fortune Business Insights™




iCrowd Newswire - Jun 30, 2020

Glass Packaging Market Size, Share & Industry Analysis, By End-use Industry (Alcoholic beverages, Food, Non-Alcoholic beverages, Pharmaceuticals, and Others), and Regional Forecast, 2020-2027

Glass Packaging Market Overview by Recent Revenue, Growth, Business Opportunities and Challenges Created by COVID-19 | Fortune Business Insights™

 

The globalglass packaging marketsize is projected to reachUSD 81 billion by the end of 2027. The rising demand for glass material across the world will aid the growth of the market in the coming years. According to a report published by Fortune Business Insights, titled“Glass Packaging Market Size, Share and Industry Analysis, By End-use Industry (Alcoholic beverages, Food, Non-Alcoholic beverages, Pharmaceuticals, and Others), and Regional Forecast, 2019-2027,”the market was worthUSD60.32 billion in 2019and will exhibit aCAGR of 3.95%during the forecast period, 2019-2027.

 

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. Some industries are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

 

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

 

To Get The Short-Term and Long-Term Impact of COVID-19 on this Market,

 

Please Visit:https://www.fortunebusinessinsights.com/enquiry/covid19-impact/glass-packaging-market-102812

 

List of top companies profiled in the glass packaging market are:

 

 

 

 

 

 

 

 

 

 

 

 

The rising demand for glass and glass material is consequential to the lesser environmental effects it has. The exceptional properties of this material including rigidity and durability will contribute to the growing demand. The high investment in the research and development of efficient glass material, coupled with the presence of several large scale manufacturers across the world will aid the growth of the overall market in the coming years. The adverse effects of plastic and the strict regulations imposed by governments of several countries towards the use of plastic will lead to a huge adoption of glass as alternative solution to plastics. The product is most widely used in the food and beverage industry for beverage supply and distribution. The increasing consumption of bottled and packaged beverages will aid the growth of the overall market in the foreseeable future.

 

Browse Summary of This Research Insights with Detailed TOC:https://www.fortunebusinessinsights.com/glass-packaging-market-102812

 

Increasing Efforts to Maximize Glass Packaging Use Will Aid Growth

 

The report encompasses several factors that have contributed to the growth of the market in recent years. Among all factors, the growing efforts put in to maximize the use of glass by major companies as well as governing bodies across the world will have a huge impact on the growth of the market. This will also influence the companies operating in the market towards making large investments in the development of efficient products.

 

In March 2020, BG Container Glass announced that it has allocated USD 92.2 million for the acquisition of 3 companies engaged in the manufacturing of glass packaging. The company claims that it will look to decrease its dependency on external sources and in-house capabilities. These three firms are associated with labels, lids, and boxes for glass packaging. Through the acquisition of these three companies, BG Container will look to establish a stronghold in the market.

 

Asia Pacific Accounts for Dominant Share; Huge Consumption of Bottled Beverages will Aid Growth

 

The report analyzes the ongoing market trends across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Among these regions, the market in Asia Pacific is projected to emerge as the dominant region in the coming years. The increasing consumption of bottled beverages in several countries across this region will aid the growth of the regional market. The rising consumption of alcoholic beverages and the use of glass packaging material in the beverages industry in India will contribute to market growth. Furthermore, strict government regulations regarding the use of plastic and plastic bans in several countries will emerge in favor of the growth of the market in this region. As of 2019, the market in Asia Pacific was worth 22.20 billion and this value is projected to increase further in the coming years. The market in North America will also witness considerable growth driven by the presence of several large scale companies in this region.

 

Industry Developments:

 

March 2020:BG Container Glass (BGC announced that it has allocated USD 92.22 million for the acquisition of three major companies in the glass packaging chain to decrease its dependence on external sources and increase in-house capabilities.

 

Quick Buy Glass Packaging Market Research Report:https://www.fortunebusinessinsights.com/checkout-page/102812

 

 

About Us:

 

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

 

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

 

At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

 

 

 

Contact Us:

 

Fortune Business Insights™ Pvt. Ltd.

 

308, Supreme Headquarters,

 

Survey No. 36, Baner,

 

Pune-Bangalore Highway,

 

Pune – 411045, Maharashtra, India.

 

Phone:

 

US: +1 424 253 0390

 

UK: +44 2071 939123

 

APAC: +91 744 740 1245

 

Email:[email protected]

 

Fortune Business Insights™

 

Linkedin|Twitter|BLogs

 

 

Press Release Distributed by The Express Wire

To view the original version on The Express Wire visit Glass Packaging Market Overview by Recent Revenue, Growth, Business Opportunities and Challenges Created by COVID-19 | Fortune Business Insightsâ„¢








iCrowdNewswire




Tags:    Wire, Research Newswire, English