Research and Markets’ most recent report indicates that Amcor, Owens-Illinois, Saint-Gobain, Hindusthan National Glass & Industries lead the glass packaging industry, forecasting that the market is projected to grow at a CAGR of 3.9% from 2014 to 2019 and reach USD 59,814.3 million by 2019.
Research and Markets has announced the release of the “Glass Packaging Market by Applications and by Geography – Global Trends & Forecast to 2019” report.
The Glass Packaging market is projected to grow at a CAGR of 3.9% from 2014 to 2019 and reach USD 59,814.3 million by 2019. The growth in the glass packaging market can be attributed to the rising income levels of population in countries such as China and India and the ageing population of Eastern Europe nations and some countries of Asia-Pacific.
Regional data has been provided for North America, Europe, Asia Pacific, and Rest of the World (RoW). It also provides detailed analysis, historical data, and statistically refined forecast for the segments covered.
This report also includes Porter’s five forces model analysis and value chain analysis. Some of the key market participants that deal in glass packaging include Amcor Limited (Australia), Owens-Illinois, Inc. (US), Saint-Gobain S.A. (France), Hindusthan National Glass & Industries Limited (India). The report provides an overview of these companies followed by their financial revenue, business strategies, and recent developments.
The major market for glass packaging is Asia-Pacific. The alcoholic beverage packaging market is expected to witness the fastest growth on account of increasing consumption of alcoholic drinks in Asia-Pacific and Eastern Europe. The market for pharmaceutical packaging will grow in North America and Europe because of the introduction of new therapies. Moreover in North America, US and Canada are mature markets in food containers. Thus, food packaging will undergo declining phase in th