Glass Packaging Industry| COVID-19 Impact, Growth Rate, Future Forecast to 2022

Glass Packaging Industry Overview

Due to a considerably escalating population base, rise in purchasing power, and alteration in the lifestyle of users; individuals in these nations have started buying an escalated quantity of packaged food. The surge in demand for packaged foods such as beverages and more specifically alcoholic beverages, and carbonated soft drinks (CSD) are the key factors fuelling the demand for glass packaging.

Competitive Analysis

Vidrala S.A.

BA Vidro

Gerresheimer AG

Wiegand-Glas GmbH

Ardagh Group S.A

Vetropack Holding Company

Verallia

Stölzle Glass Group

Piramal Glass

Nihon Yamamura Glass Co., Ltd.

Vitro

Heinz Glas GmbH & Co. KGAA

Zignago Vetro S.P.A.

Verescence

Luigi Bormioli Corporation

Owens-Illinois Inc.

Vetrobalsamo Spa

Allied Glass Containers Ltd, and others.

Segmental Analysis

The Glass Packaging Industry globally is segmented on the basis of applications, product, and region. The product-based segmentation of the market consists of premium glass quality, standard glass quality, and super premium glass quality. By Product, the premium quality glass controlled the Glass Packaging Industry in 2017 with a share of 38.2 percent. The market is expected to increase at a CAGR of 3.36 percent during the forecast period. By applications, the market is segmented into beverage packaging, food packaging, personal care packaging, pharmaceuticals packaging, and others. The beverage packaging is controlling the Glass Packaging Industry and is also estimated to develop with a rapidly growing CAGR in the forecast period.

Regional Analysis

The regional analysis of the COVID-19 Impact covers regions such as Europe, Americas, Asia Pacific, Middle East and Africa. The Asia Pacific had been controlling the Glass Packaging Industry in 2017 with 34.3 percent share and is estimated to be the most rapidly increasing market through the forecast period. The increasing consumption of alcoholic beverage motivates the market in the region. Moreover, improved disposable income levels among individuals, fluctuating preferences, and lifestyles of consumers, also has had an encouraging effect on the development of the market. India, China, Japan, and South Korea are the important contributors in the market. China is the leading country for the market in the region.

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