Global Glass Packaging Market Will Be Worth of Us$ 55.24 Bn in 2020, Expanding at a Cagr of 4.6% by 2020

Transparency Market

Research

Glass Packaging Market - Global Industry Analysis,

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

Published Date

30-Dec-2014

102 Page Report

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Press Release

Development of Light-weight Glass to Hold Promising

Growth for Glass Packaging Industry, Says TMR

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Glass Packaging Market

REPORT DESCRIPTION

Glass Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 2020

The glass packaging market is highly fragmented, preventing companies from extending their operations

across international markets. As a result of this, the top six companies accounted for less than 35% of the

market in 2013. These companies are Saint-Gobain S.A., Owens-Illinois Inc., Ardagh Group, Vetropack

Holdings, Gerresheimer AG, and AGand Vidrala SA. These and other companies are forming strategic

partnerships and alliances to introduce new range of innovative glass packaging solutions. Transparency

Market Research (TMR), in its new study, states that the threat of substitutes is expected to be a concern in

the coming years owing to the growing popularity of aluminum cans, paper, and plastics for packaging.

According to the report, the global market opportunity in glass packaging is expected to rise from US$43.90 bn

in 2015 to US$55.23 bn by 2020. By application, the alcoholic beverages segment is expected to continue to

lead through the forecast. The alcoholic beverages segment is expected to account for 45.4% of the market by

2020, followed by the beer segment. The alcoholic segment is also expected to grow at a significant pace in

the coming years.

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