Global Glass Packaging Market Is Expected to Reach Us$ 55.24 Bn by 2020

Transparency Market

Research

Glass Packaging Market- Global Industry Analysis,

Size, Share, Growth and Forecast 2014 – 2020

Published Date

30-Dec-2014

102 Page Report

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Press Release

Global Glass Packaging Market is Expected to Reach US$ 55.24

Bn by 2020: TMR

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Glass Packaging Market

REPORT DESCRIPTION

Glass Packaging Market for Food & Beverages, Pharmaceuticals,

Beer and Other Alcoholic Beverages - Global Industry Analysis,

Size, Share, Growth, Trends and Forecast 2014 – 2020

Transparency Market Research has published a new market report titled “Glass Packaging Market Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020.” According to the

report, the global glass packaging market was valued at US$ 40.32 Bn in 2013 and is likely to reach US$

55.24 Bn by 2020, expanding at a CAGR of 4.6% during the forecast period, between 2014 and 2020.

In terms of volume, the global demand for glass packaging stood at 54,246.8 kilo tons in 2013.

Browse The Full Report at: http://www.transparencymarketresearch.com/glass-

packaging.html

Dark colored glass bottles are often used in packaging beer, as glass deflects UV rays, thereby

reducing the occurrence of “skunky” beer. Rise in global consumption of beer is expected to be one of

the primary factors driving the glass packaging market. Growth of the healthcare industry and higher

usage of glass bottles for storage of medicines due to its sterility and reusability is also anticipated to

increase demand for glass packaging over the next few years. However, rising popularity of plastics

and its increasing scope of application for packaging are likely to hamper market growth. Increasing

consumer preference for glass for packaging of food, beverages and chemicals is anticipated to offer

new opportunities for...