Glass Packaging Industry| COVID-19 Impact, Growth and Forecast

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 Segmentation:

On the basis of application, the Glass Packaging Industry has been segmented into food packaging, pharmaceutical packaging, beverages packaging, personal care packaging, and others. Among these, the beverages packaging segments are expected to have a favorable share of the global market in the foreseeable future. The increasing rate of alcohol consumption is anticipated to lead the expansion of the segment over the next couple of years. Also, glass bottles exhibit resistance against leaching, which is anticipated to drive the growth rate of the segment in the forthcoming years.

Regional Analysis:

A detailed geographical evaluation of the Glass Packaging Industry has been included in this MRFR analysis on regional and country-level analysis. The regional segments assessed in the report are - Asia Pacific (APAC), Europe, the Middles East, and Africa (MEA), North America, and Latin America. Asia Pacific is anticipated to witness a rapid growth rate over the next couple of years. Industrialization in the region is poised to impact the Glass Packaging Industry favorably in the years to come. Increasing disposable income is likely to push demand growth in the end-user industries. This, in turn, is prognosticated to influence the growth pattern of the market in region greatly in the forthcoming years. Also, the drive towards conservation of the environment in the regions is likely to promote the use of glass bottles instead of plastic ones. 

Competitive Dashboard:

Owens-Illinois Inc., Verallia, Vidrala S.A., Ardagh Group S.A, BA Vidro, Gerresheimer AG, Stölzle Glass Group, Vetropack Holding Company, Piramal Glass, Zignago Vetro S.P.A., Wiegand-Glas GmbH, Verescence,  Vetrobalsamo Spa, Luigi Bormioli Corporation, Allied Glass Containers Ltd, Vitro, Nihon Yamamura Glass Co., Ltd., and Heinz Glas GmbH & Co. KGAA are the prominent participants of the global Glass Packaging Industry. The innovative packaging solutions are expected to revolutionize the competitive landscape of the market in the near future.

Industry News:

In October 2019, Coca-Cola Philippines has taken steps towards World Without Waste vision. It has announced the company that the company will be collecting and recycling the company's packaging to use at least 50% of it in its packaging.

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