Glass Packaging Market Key Players, Market Drivers, Emerging Opportunities & Growth Forecast to 2024
Some of the major factors driving the growth of the global glass packaging market are up surging demand for glass packaging in Asia-Pacific, increasing urbanization, and large population base in the Asia-Pacific. The increasing demand of glass packaging from pharmaceuticals and personal care industry is fueling the growth of the global glass packaging market.
The key trends identified in the glass packaging market are a shift in demand for packaging products, from traditionally favored plastic to glass, in the pharmaceutical, and food and beverage industries, and recent advancements in technology to make glass bottles compact and portable.
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Glass is non-crystalline solid that is manufactured from natural raw materials such as silica, limestone, and alumina. Glass is the most commonly used packaging material in various industries, such as pharmaceutical, food, alcoholic beverage, medical, and personal care.
On the basis of application, the glass packaging market is classified into alcoholic beverage packaging, non-alcoholic beverage packaging, food packaging, and pharmaceutical and personal care packaging. Alcoholic beverage packaging is expected to contribute significantly to the market growth in the future.
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Some of the major companies operating in the global glass packaging market are Bormioli Rocco SpA, Amcor Limited, Saint Gobain, Gerresheimer AG, Owens-Illinois Inc., Ardagh Group, Hindusthan National Glass & Industries Limited, Amcor, HEINZ Group, Koa Glass Co. Ltd., Tamron Co. Ltd., Piramal Glass Limited, Stolzle-Oberglas GmbH, and China Glass Holdings Limited.
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