New report on glass packaging shows forecasts to 2018
The global glass packaging industry growth is likely to recover and reach an estimated $45.9 billion by 2018. Glass used for the packaging of beverages is expected to retain major market share in future. Increasing usage of glass as a packaging material in perfume bottles and the use of glass bottles for storage of medicines due to its sterility and reusability will drive the glass packaging industry. Glass packaging is influenced by such economic factors as rising disposable income, percapita income, urbanization, and population.
The report from Research and Markets (researchandmarkets.net) indicates that the industry faces challenges due to availability of substitutes such as paper, plastic, steel, and metal for packaging. Secondly, volatility in feedstock prices, energy inputs, and transportation are expected to be major challenges for the industry.