GLASS PACKAGING MARKET

 In 2019, the global glass packaging market is estimated at $ 56.64 billion, CAGR is expected to record 4.39%, by 2025 it will reach $ 73.29 billion. Glass packaging is known as one of the most reliable forms of packaging for health, taste, and environmental safety. Despite the great competition of plastics, the ability of the glass to paint the premium image on its own, while maintaining the freshness and safety of the product, can ensure its presence worldwide in a number of end-user industries.

Healthy Packaging

 Helps glass grow in different categories. In addition, innovative technologies for adding artistic limbs to tattoos, moldings, and glass make glass through Custom Packaging more desirable among end-users. Moreover, factors such as the growing demand for environmentally friendly products և the growing demand from the food և beverage market are driving the market growth.

In addition, the recyclable nature of glass makes it the most environmentally friendly type of packaging also called custom packaging for small business. Lightweight glass is a significant innovation in recent years, producing the same resistance as older glass materials - higher stability, reducing the amount of CO2 emitted from the raw material used.

From a regional point of view, emerging markets such as India և China are experiencing high demand for beer, soft drinks, cider, per capita spending, and changing lifestyles. However, rising operating costs աճ increasing use of substitute products such as plastic և tin continues to drive market growth.

The Scope of the Visit

Glass is one of the most preferred packagings for consumers who are concerned about their health and the environment. They are made from all-natural durable raw materials. Glass packaging preserves the taste and flavor of the product preserves the integrity or health of food մ beverages. The glass is considered "GRAS" or "generally safe" by the US Food and Drug Administration. It is also 100% recycled, can be used endlessly without loss of quality, purity.

Main Market Trends

Beverage industry to maintain the highest market share

The glass packaging market in the alcoholic beverage industry is facing intense competition from metal packaging in the form of cans but is expected to retain its share of premium products over the forecast period due to its preference for premium products. It is expected that the growth will be observed in the products of various beverages, such as juices, coffee, tea, soups, non-dairy drinks, etc.

Over the past few years, the range of alcoholic beverages has grown exponentially, as most of the beer is sold in glass bottles, creating a growing need for production in the glass packaging industry. The growing demand for premium spirits is driving the growth of glass bottles. Developing countries like India also have a much higher perception of beer.

In addition, returnable glass bottles remain a significant form of product delivery for all major companies in the non-alcoholic beverage industry as they provide a cost-effective method. For example, about 70% of the bottles currently used for natural mineral water are made of plastic. The choice of bottled water packaging material is growing taking into account environmental considerations.

Competitive Landscape

The global glass packaging market is highly competitive due to the strong presence of major players around the world. The competition is also intense due to the availability of substitutes, as many companies in this industry are trying to innovate consistently to maintain market share.

Forming a competitive market with Cumming Glass, Chaoda is committed to development and innovation.