Global Glass Bottles/Containers Market

NEW YORK - Aug. 16, 2019 - PRLog -- Glass is a 100% recyclable material manufactured with raw materials that include sand, limestone, soda ash, and other ingredients. Glass Containers are made using processes such as Blow-Blow, Press and Blow, and NNPB (Narrow Neck Press and Blow) - a recent innovation.

Demand Scenario

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%.

Growth by Region

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.

Make an Enquiry @ https://markgenes.com/industry-reports/packaging/Global-Glass-Bottles-Containers-Market

View other packaging market research reports @ https://markgenes.com/industry-reports/packaging

Drivers vs. Constraints

• Growing end use market

• Light weighting

• Sustainability

• Substitutes

Industry Updates

Glass 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.
Visit website @ https://markgenes.com