Market Revenue Glass Packaging Industry Key Opportunities, Value | Page 2

Rising demand for metal cans and plastic bottles in aerosols, perfumes, and chemicals is anticipated to act as a
restrain for the industry. Rising consumer awareness for hygiene packaging in food & beverage segment is
expected to offer new opportunities over the upcoming years. Alcoholic beverages were observed to dominate
the global market which accounted for more than 50% of the market share. The sector is anticipated to witness
noteworthy rise over the upcoming years in light of appealing appearance provided by glass when compared to
plastic. Increasing demand for alcoholic beverages in numerous countries which include Germany, the U.S.,
India, China, and Brazil is expected to augment the market growth.
The beer was observed to account for a noteworthy volume share in light of its increasing consumption by the
young age band, specifically in Asia Pacific and Eastern Europe. Additionally, accessibility of numerous graphics,
color, and shape in the packaging of beer is anticipated to be an important factor stimulating the growth rate of
the market. The sector is anticipated to grow at a CAGR of 4.8%. Growing requirement in pharmaceuticals
sectors in light of its reusability and non-toxicity is anticipated to propel the market growth. In addition, growing
pharmaceutical segment in the U.S., India, Canada, China, Brazil and Saudi Arabia will promote industry growth.
Food & beverages segment is anticipated to decrease its share as a consequence of rising demand for flexible
packaging such as plastics and paper.
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In 2013, Asia Pacific glass packaging market was observed to account for more than 35% of the global market
share. The market is anticipated to progress on account of escalating applications of glass in numerous
consumer-centric industries which include alcoholic beverages, pharmaceuticals and food & beverages in India
and China. High accessibility of raw materials such as silica is anticipated to impel sector growth. In 2013, Europe
market was valued at USD 15,713.2 million, and is expected to experience noteworthy growth on account of
rising number of beer industry majorly in Germany and France. Furthermore, increasing implementation of glass
packaging in Turkey and Russia is anticipated to augment the growth of the industry.
North America is anticipated to illustrate rise in pharmaceutical packaging in light of technological innovations
coupled with growing manufacturing base. Saudi Arabia is projected to experience enormous growth probability
in light of rising pharmaceutical industry over the next few years. Companies provide packaging for various uses
including non-alcoholic beverages, spirits, beer, food, wine, chemicals, cosmetics, and pharmaceuticals.
Moreover, on-going product advancements and technological innovations to make glass bottles lighter weight,
thus decreasing the energy needed to transport and produce them are anticipated to open new growth
opportunities over the upcoming years