Increase in Demand for Alcoholic Beverages & Beer Set to Boost Glass Packaging Market Growth
The Glass Packaging Market
is highly fragmented with the presence of a sizeable number of players and raw material suppliers. Basically, glass is the most chosen product for various applications such as beverages, pharmaceuticals and personal care. It has various characteristics such as chemical inertness, sterility and re-usability.
Glass can also be used in creative food packaging because its material is efficient by its characteristics. Most vital functionality of glass packaging is that it can be shaped into numerous designs and sizes. Also, it can be used across different industries. The Glass Packaging Market is highly capital intensive with an expensive manufacturing process, equipment and technology. Glass package is preferred in alcoholic beverages to reduce the effect of light and heat on the beverage to extend its shelf life. Generally, glass is considered to be chemically stable, therefore it avoids the chances of leaching the alcohol in the glass.
The Glass Packaging Market is expected to drive the growth by alcoholic beverages due to demand for wine packaging which possess health benefits in it. Personal care applications includes spray bottle packaging, packaging of shampoo bottles and beauty packaging supplies are rising the market growth with a high demand.
However, the increase in use of plastic as a substitute for glass and the developments of usage of plastics across various applications restrains the market growth. Additional characteristics of glass such as recyclability, non-permeability as well as zero rate of chemical interaction makes it to use in soft drinks, beer and medical promotes the Glass Packaging Market growth.
Asia Pacific holds dominant shares in Glass Packaging Market and is expected to maintain likely until 2020. In this region the leading markets for glass packaging are India, Japan and China due to economic growth. Europe is estimated to grow rapidly due to technological developments and high consumption of beer along with rising industrialization majorly in France and Germany. North America is anticipated to grow due to rising pharmaceuticals industries in these regions.
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