Global Glass Bottles/Containers Market to Surpass $72 Billion by 2025 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Oct 5, 2018--The “Global Glass Bottles/Containers Market - by Color, Vertical, Region - Market Size, Demand Forecasts, Industry Trends and Updates (2018-2025)” report has been added to ResearchAndMarkets.com’s offering.
The global production of glass containers in 2018 is 55.66 MMT and is estimated to reach 70.15 MMT by 2025,at a CAGR of 3.36%, while in terms of revenue, the market is $55.86 billion in 2018 and is projected to reach $72.57 billion in 2025, at a compound annual growth rate of 3.81%.
APAC region leads the market with a market share of one-third in 2018 while; on the other hand, Europe had a share of 30% during the same period. Added to this, estimated growth rate in glass bottle end use industry i.e., Beer industry in India, will further boost the sales and increase market share in the APAC region. From end-use industries side, Alcoholic beverages lead the usage of glass containers with a market share of 50%. Glass bottles are preferred over plastic bottles because of its chemical inertness towards the alcohol and thus, can be substituted.
Drivers vs. ConstraintsGrowing end use market Light weighting Sustainability Substitutes
Industry UpdatesGlass Container industry is undergoing tremendous innovative changes in order to be more sustainable and customer preferable. As such, light weighting of glass bottles has become a focal point in the industry and as a result, glass bottles have become light by 50% as compared to 3 years. Light weighting aids in decreasing the logistics costs and thus, manufacturers of glass containers are more focusing on the same.Companies ProfiledOwen IllinoisCentral GlassVidralaArdaghBa VidroAGI GlasspacHNGVitroConsol GlassFrigo GlassNampakQuinn GlassAmcorFevisaCarib Glassand more...
Key Topics Covered
1. Research Methodology
2. Executive Summary
3. Market Overview
4. Market Dynamics
5. Glass Bottles/Containers Market Segmentation, Forecasts & Trends - by Color
6. Glass Bottles/Containers Market Segmentation, Forecasts & Trends - by Vertical
7. Glass Bottles/Containers Market Segmentation, Forecasts & Trends - by Region
8. Global Vendor Market Share Analysis
9. Supplier Intelligence - Profiles
10. Investment Analysis
11. Future of Glass Bottles/Containers Market
For more information about this report visit https://www.researchandmarkets.com/research/3nnwnr/global_glass?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181005005339/en/
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Related Topics:Glass,Beverage Packaging
INDUSTRY KEYWORD: MANUFACTURING PACKAGING
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 10/05/2018 10:56 AM/DISC: 10/05/2018 10:56 AM