According to Technavio’s latest market research study, the global retail glass packaging market is expected to grow at a CAGR of over 4% during the forecast period 2017 to 2021.
This report by Technavio provides an in-depth analysis of the global retail glass packaging market in terms of revenue and emerging market trends.Tohe market study also includes a current analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the application
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The top three revenue contributing product segments are discussed below
Global alcoholic beverages glass packaging market: The rising demand for single-serve and multipacks in alcoholic beverages segment will drive the growth of the retail glass packaging market. The surge for wine packaging across the world and especially from North America will result in the development of this market segment over the next four years. The vendors in the market are also offering a wide range of packaging solutions to attract more consumers and increase their revenues.
“The increasing demand for easier to carry, distribute, and store disposable packaging materials in the global market is encouraging vendors to introduce innovations in products to increase their profitability and sustain the competition in the market. Moreover, the increasing number of single-person households will boost the demand for single-serve packs in the alcoholic beverage packaging industry,” says Sharan Raj, a lead analyst at Technavio for research on the packaging.
Global non-alcoholic beverages glass packaging market: The growing need for dairy beverages across the globe is driving growth in this market segment. The most common type of dairy packaging materials used in the market is glass bottles and jars. This market segment is driven by vendors that supply convenient glass packaging solutions to customers across all verticals. Moreover, dairy organizations across the US are undertaking several initiatives that encourage people to use glass bottles.
Global food glass packaging market: The increasing requirement for packaging materials that extend the shelf life of the stored food products and can be easily recycled and reused, is augmenting the evolution of this market segment. The manufacturers in the market are introducing consumer goods packaging solutions that offer customer convenience, product features, aesthetic appeal, and material compatibility to sustain the competition in the market. In addition, glass bottles and jars have a lesser risk of chemical interaction with food products and maintain their flavor and taste.
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The top vendors operating in the global retail glass packaging market are:
- Amcor
- Ardagh
- Gerresheimer
- Owens-Illinois
- Verallia
Other prominent vendors in the market include Anchor Glass Container, CONSOL, Orora Packaging Australia, Piramal Glass, Vetropack Holding, Vidrala, Vitro, and Wiegand-Glas.
A comprehensive breakdown is available in the Technavio report titled, ‘Global Retail Glass Packaging Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports
- Global Packaging Market 2016-2020
- Global Aluminum Foil Packaging Market 2016-2020
- Caps and Closures Market in North America 2016-2020
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