Glass bottle packaging to reach $71 billion by 2022
According to Future Market Insights (futuremarketinsights.com), the demand for glass bottles will soar steadily over the next five years. By 2022, the global glass bottles market is anticipated to have reached a value of US$ 71 billion, reflecting a CAGR of 4.9%. The report also projects that Asia-Pacific excluding Japan (APEJ) will remain at the forefront of market expansion during the forecast period.
Compared to plastic bottles, glass bottles demonstrate diminutive competency with respect to their characteristics as a packaging commodity. Despite this, the global demand for glass bottles continues to surge like the effervescence of carbonated drinks. Consumers in developed markets such as Europe still prefer buying beer, wine or non-alcoholic beverages in glass bottles. Unlike plastic bottles, glass bottles continue to be identified for their characteristic advantage in terms of hygiene, aesthetic appeal, durability, and being impermeable.