Increasing use of glass in food and pharmaceutical packaging driving market growth
Glass is extensively preferred as a packaging material due to its properties like recycling reuse and neutral reacting nature. It preserves food and beverages for a long term and avoids contamination. For example, beer is stored in dark glass bottles to avoid spoilage. In addition, this packaging is used in chemicals as glass has a neutral nature and does not react. Glass packaging uses interactive design as a major aspect to attract consumers.
Glass jars, lids, containers and bottles are made of various shapes, size and colour according to requirements. Glass is widely used in packaging of food, beverages, chemicals, pharmaceuticals, cosmetics and other materials. Products segment the global glass packaging market by glass ampoules, glass bottles and glass lids and stoppers. The applications market is segmented as food packaging, alcoholic beverage packaging, non-alcoholic beverage packaging, pharmaceutical packaging, personal care packaging and others.
Alcoholic beverage packaging is the major application in the global glass packaging market. Increasing use of glass packaging in food and pharmaceutical packaging is a significant factor driving this market. Properties of glass packaging like long-term preservation, recycling and reuse are remarkable factors anticipated to drive the glass packaging market for the forecast period. Innovative design and use of advanced technology are key aspects of glass packaging. High cost and use of plastic over glass packaging is a major factor restraining the global glass packaging market.
Europe and Asia Pacific are the leading geographies for the global glass packaging market, with players Amcor Ltd., Bormioli Rocco SpA, Ardagh Group, Hindustan National Glass & Industries Ltd., Gerresheimer AG, Koa Glass Co. Ltd., Nihon Yamamura Glass Co. Ltd., Owens-Illinois Inc., Saint- Gobain S.A., Piramal Glass Limited, Vetropack Holding AG, Stolzle-Oberglas GmbH, Wiegand Glas and Vidrala SA.