A new report, now available on ASDReports, predicts that the world market for glass packaging will reach $55.71 billion in 2016. This forecast and others appear in the Glass Packaging Market Report 2016-2026: Forecasts, Analysis & Outlook For Leading Companies in Food, Beverage, Healthcare, Personal Care, Industrial And Other End-Use Sectors.
The global glass packaging market is expected to witness significant change in its regional outlook over 2016-2026. The BRIC markets will comprise approximately 30% of global demand, increasing as their economies further develop. The surging demand for glass packaging in emerging economies driven by a combination of economic growth, rising incomes, and the emergence of the ‘on-the-go’ lifestyle is a major stimulator of the growing demand for glass packaging.
Glass packaging is facing increasing competition from rival packaging materials that are stronger, lighter and cheaper to manufacture and transport, as experienced in many of the glass packaging submarkets. Glass is seven times heavier than the equivalent volume of plastic, a significant difference. This means that glass packaging is more expensive to transport than rival materials. Moreover, glass’s brittleness also adds an increased risk when transporting the material.
The development and growth of the global glass packaging market has illustrated how closely tied the market’s performance is to the state of the global economy. The effects of the past recession have been most significant in Europe and the US, and these are two markets that have experienced declining demand and weak growth. In contrast, the developing nations have performed strongly over the past few years and this has coincided with a booming economy. Whilst the state of the economy is not the sole factor for the growth of the global glass packaging market, it is an important factor as it can significantly affect disposable incomes and can cause permanent shifts in consumer trends.
This 290 page report contains 252 tables, charts and graphs that add visual analysis in order to explain developing trends within the glass packaging market. The key player provides forecasts for the period 2016 to 2026 in terms of value (US$) for the glass packaging market. In addition, 15 national glass packaging markets and 6 end-use submarkets are forecasted and analysed over the period 2016 to 2026. The report also provides market share, revenues and competitive positioning profiles of 9 leading companies operating within the market such as Owens-Illinois, Saint-Cobain, Ardagh Group, Vitro Packaging etc.