Glass Returns to Growth: The Outlook in Food and Beverages29 Nov 2011 • by Natalie Aster
The glass packaging industry has suffered losses from the economic downturn and constraints placed on consumer spending. The performances in 2010 and 2011, however, provide reasons for optimism, as, despite the threats from competing packs, especially from within the soft drinks industry, expansion potential exists in the core end-uses of beer, wine and spirits, with emerging regions proving particularly fruitful. Polarisation and wellness present opportunities for value-added glass to exploit.
The report “Glass Returns to Growth: The Outlook in Food and Beverages” by Euromonitor International Ltd offers an insight into to the size and shape of the packaging market, highlights the effect of emerging geographies, categories and consumer trends on the packaging landscape. It identifies the leading pack types, offers strategic analysis of key factors influencing the packaging market - be they packaging innovations, consumption growth, category switching, economic/lifestyle influences, legislation or environmental issues. Forecasts illustrate how the market is set to change and criteria for success.
Glass Returns to Growth: The Outlook in Food and Beverages
Published: November 2011
Price: US$ 2,000.00
More robust growth for glass was witnessed across core categories for glass after the recession, especially in beer, the most important retail end-use for glass. Fast developing market economies of China will lead global growth in 2011 and beyond. Russia is registering a better than anticipated performance despite the rises in excise duties.
The global spirits category registered a 5% increase in retail glass bottle sales in 2010, buoyed by Asia Pacific. A range of pack sizes in India to suit the pockets of both a rural and growing urban customer base ensures all-round appeal. An appreciation of the health benefits of wine will see China lead global light grape wine sales in glass in 2014.
The rise in disposable incomes in Asia Pacific, Latin America and MEA augurs well for glass revenues. However, growth is harder to find in developed Western Europe and North America. Added-value offerings can aid glass and employ its quality, tradition and heritage attributes. High-end and health-oriented drinks are avenues to pursue.
More information can be found in the report “Glass Returns to Growth: The Outlook in Food and Beverages” by Euromonitor International Ltd.
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