Rising beer consumption to propel glass packaging market to $55.24 Billion by 2020
According to a market study recently published by Transparency Market Research (transparencymarketresearch.com/plastic-packaging), the global market for glass packaging stood at $40.32 billion in 2013. Analysts project the market to rise moderately at a CAGR of 4.60% during the period from 2014 to 2020 and reach a market value of $55.24 billion by the end of the forecast period.
The report, titled “Glass Packaging Market for Food & Beverages, Pharmaceuticals, Beer and Other Alcoholic Beverages - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020”, further states that the demand for glass packaging amounted to 54,246.8 kilo tons across the globe in 2013.