This market research report segments the glass packaging market in North America according to its application in the beer industry, food industry, wine industry, and others. It details the key impacting drivers for industry growth and the relative impact on the leading vendors such as Amcor, Ardagh, Gerresheimer, and Owens-Illinois.
Technavio has released updated information on the packaging market, with the publication of its new market research report, glass packaging market in North America. The glass packaging market in North America is expected to grow at a modest CAGR of around 2% between 2015 and 2019. Much of this market’s growth can be attributed to the considerable demand coming from beverages and pharmaceutical industries. Countries such as the US, Mexico, and Canada are major revenue contributors to the glass packaging market in North America.
“Growing awareness about the benefits of glass packaging for pharmaceutical products is propelling the growth for healthcare glass packaging in North America. Pharmaceutical packaging products have to meet international regulatory compliance standards for safety. Low reactivity, durability, transparency, lightweight nature, and ease of cleaning of glass packaging make it preferable for bottling medical products,” says Sriram Mohan, Lead Analyst, Transportation & Logistics, Technavio Research.
Of late, packaging manufacturers are making huge investments on product innovations. They are aiming for light-weighting packaging materials with improved features, quality, automation of manufacturing activities and low costs. For instance, microprocessor-based controllers and intelligent control systems are used to make hi-tech glass, which is resistant to extreme conditions of temperature and pressure. Major companies such as Amcor and Ardagh are developing new injection molding, blow molding, and extrusion molding processes to increase the variety of the end products.
The leading vendors in the glass packaging market in North America include Amcor, Ardagh, Gerresheimer, and Owens-Illinois. The market vendors are concentrating on product innovation, light-weighting, product features, quality, and automation of manufacturing activities. Also, big brewers and micro brewers in the region are expected to scale up their investments in in-house development of glass bottle production during the forecast period.
A more detailed analysis is available in the Technavio report, Glass Packaging Market in North America: Trends and Forecast 2015-2019.
We can customize this reports by other regions and specific segments upon request.
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