Global Glass Packaging Market- Insights, Size, Share, Opportunity Analysis

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Global Glass Packaging Market to surpass us 82
billion by 2025
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REPORT DESCRIPTION

• The Global Glass Packaging Market was valued at
  US 53.61 billion in 2016, according to a new
  report published by Coherent Market Insights.
  Increasing alcoholic beverages and beer packaging
  end-use industry to meet the demand from ever
  increasing population, and the consumer and
  industry preference for the use of glass products
  to keep consumables safe is surging demand for
  glass packaging market. Glass packaging are made
  from sustainable materials such as soda, lime,
  silica, and others. The glass products derived
  from these sources are completely recyclable and
  can be reused to make into new products as well.
  The plastics bottles used for packaging are very
  harmful, and leads to lot of chemical interaction
  with the consumables. 

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Glass Packaging Market Taxonomy

• The global glass packaging market is segmented
  into various end-use industries namely alcoholic
  beverages (except beer), beer, food items soft
  beverages, pharmaceuticals, and others. Alcoholic
  beverages (except beer) is the largest end-use
  industry segment, followed by beer. The alcoholic
  beverages and beer are experiencing rapid growth
  in Europe and Asia-Pacific regions. The wine and
  spirit manufacturers are widely preferring the
  attractive shape glass bottles for packaging.
  Adding to this, the beer manufacturing companies
  are only relying on glass bottles due to their
  ability to keep the liquid safe for a longer
  period of time even after non-refrigeration. 
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Market Segmentation

• Asia-Pacific is projected to be the largest
  region in global glass packaging market. The
  region has accounted for around 38.5 share of
  overall glass packaging market in 2016, in terms
  of revenue. The market in this region is expected
  to be primarily driven by rampant consumption of
  glass packaging in alcoholic beverages, and beer
  end-use industries. The increasing population,
  increasing production due to economical raw
  material cost, and rise in the standard of living
  are the major factors for positioning
  Asia-Pacific as the largest market for glass
  packaging. Whiskies, beer, brandy, cognac and
  local spirits in glass bottles are experiencing a
  particularly sharp increase in ASEAN, China and
  India countries owing to largely country-specific
  factors. Local spirits are particularly dynamic
  in China, where baijiu is widely purchased and is
  set to account for the strongest unit volume
  growth in Asia-Pacific region. Also, alcohol is
  now most widely accepted in Indian culture. This
  is due to various communal changes which are
  enabling brand owners to make their products more
  widely available through retail expansion,
  especially in more remote rural areas. Adding to
  this, a well-established returnable glass bottle
  system in India, which involves low-income
  earners retrieving empty glass bottles, also
  favors glass.

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Key Strategies
In the following years, there is a key challenge
which could be a key restrain factor for the
growth of glass packaging market. KHS, a company
based in Germany has launched an InnoPET Plasmax
20Q barrier coating system, which is specially
designed for large production lines. This
technology covers the inner walls polyethylene
terephthalate (PET) bottles with a wafer-thin
protective coating of SiOx glass (pure glass).
This will allow the end-users to fill sensitive
products such as beer, wine and juice, into PET
containers, resulting in a longer shelf life and
enabling the quality, flavor and vitamin content
of your bottled products to be maintained over a
long period. The InnoPET 20Q can process bottles
of between 0.1 and 1.5 liters in size and
achieves outputs of up to 40,000 PET bottles per
hour. This technology can majorly replace glass
bottles from beer, wines, and soft beverages
end-users due to the biodegradable or recyclable
nature of PET. Owing to this, Van Pur a brewing
company, based in Poland has invested on InnoPET
Plasmax technology, which is the first company in
Poland, and second in Europe to opt for this
technology. 
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