- The key vendors in the global glass packaging market 2015-2019 are Ardagh Group, Gerresheimer AG, Owens-Illinois Inc. and Saint-Gobain
London, 22 April 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global glass packaging market 2015-2019. Increased awareness about the environmental benefits of glass packaging is one of the key trends being witnessed in this market. The development of high grade glass through the implementation of cutting-edge technology to suit the needs of the B2B customers is taking precedence. In terms of revenue, the global glass packaging market is expected to grow moderately during the forecast period of 2014-2019, posting a CAGR of 4.45%.
The global glass packaging market is extremely fragmented with the presence of many micro, small, and medium enterprise vendors across the world. In addition to the larger vendors, many international and regional vendors exist in the market. The growth of the market is attributed to the need for companies to supply convenient glass packaging solutions to customers across all the consumables verticals.
“The research and development to develop new lightweight glass packaging to enhance end-user usability and reduce wastage is gaining momentum,” says Faisal Ghaus, Vice President of Technavio Research.
“This new kind of packaging is both recyclable and cost-effective. Because glass is heavy, it is cumbersome to transport, which scales up the cost of bottling and production.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3E%3Cspan%20style%3D%22line-height%3A%201….
