Glass Packaging Market Analysed by Visiongain27 Mar 2012 • by Natalie Aster
As the global glass packaging market undergoes regional shifts and technological changes, the industry will have to respond with innovation and flexibility. Growth will be uneven across regions, while developed markets are maturing; emerging markets appear to be pivotal for the industry growth. High growth regions grouped under acronyms such as BRIC's or CIVET's (Columbia, Indonesia, Vietnam, Egypt, Turkey) are experiencing rapid increase in disposable income which translates into higher consumer spending in the cosmetics, food and beverage sectors. Similarly, changing demographics of the world population and population ageing is likely to impact the glass packaging industry in term of design, consuming habits and should drive growth especially in the healthcare glass packaging market. The global glass packaging market is estimated to be worth $34.8bn in 2012.
According to the report “The Glass Packaging Market 2012-2022” by Visiongain, the glass packaging market still suffers from competition of plastic and paper packaging which capture most of the growth in the global packaging industry. Nonetheless, the premium image of glass and its natural characteristics, should allow glass to retain market share in high end products and benefit from solid growth in spirits, wine and beer consumption.
The Glass Packaging Market 2012-2022
Published: February, 2012
Price: US$ 2.642,00
Technology is at the core of the competition among materials and new production techniques will significantly improve the competitiveness of glass in the packaging market. Among them, tempered glass and new light weighting appears to be a major breakthrough in the industry and is discussed extensively in this report. Other sources of growth for the industry discussed in this report includes: food and safety issues, increasing demand in healthy and organic food but also of ethnic food, the rising importance of recyclable eco-friendly material, population ageing, increasing alcoholic beverage consumption in emerging markets and rising cosmetic sales in emerging markets.
More information can be found in the report “The Glass Packaging Market 2012-2022” by Visiongain.
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