The global glass container market will exhibit 2.1% Y-o-Y growth in 2021, after contracting in 2020 due to disruptions caused by unprecedented COVID-19 outbreak. According to a new study by Future Market Insights (FMI), the near-term opportunities for the market will remain positive, especially as application in beverages packaging continues surging. The report also projected to market to surpass a valuation of US$ 81 Bn through 2031.
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Ardagh Group S.A., Amcor Limited, Consol Glass (Pty) Ltd., Owens-Illinois, Inc., Saverglass Group, BA Glass, Hindusthan National Glass & Industries Limited, Nampak Ltd., Wiegand-Glas GmbH, Vidrala S.A. are prominent players in the glass containers market.
Glass container sales are strongly influenced by demand in the alcoholic beverage industry since a majority of alcoholic beverages are filled in glass containers. Due to the aesthetic appearance that can be accomplished by the use of glass in manufacturing of containers and its reflective design, sales within alcoholic beverages segment is poised to surge considerably. Glass containers also enable the alcohol manufacturer to present the premium quality of the product to their target consumers.
COVID-19 Impact on Glass Containers Market
The COVID-19 pandemic has affected the packaging industry owing to the instabilities in the supply chain. While businesses across food and beverages sector reported sluggish growth, pharmaceutical industry continues exhibiting demand for effective packaging amid pandemic crisis. Consequently, the market for glass containers have seen a decrease in revenue in Q1 and Q2 of 2020. This is partly due to government restrictions imposed on manufacturing industries and outlets that serve food & beverages to contain the spread of the virus.
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What is the potential of lightweight glass containers?
Bottle weight reduction is the key focus of manufacturers. Thanks to modern technologies light weight glass bottles are easily available, which has been aiding in overall expansion of the market. Lightweight bottles minimize the use of raw materials and the expense of logistics. With focus on sustainability rising, manufacturers are increasingly aiming towards optimally using resources and curbing wastage.
Increasingly used as a versatile material in manufacturing of containers, glass can retain the original flavour of beverage inside without altering its taste or consistency. Glass containers are available on the market in a range of colours, shapes and sizes. It has been reported that about 23% of Anchor Glass Container Corp’s revenue, a major player in glass container manufacturing, comes from its product sales of craft beer glass packaging and 24% from mass-market beer glass packaging.
Sustainability and Reusability of Glass Containers Boosting their Applications
Glass containers are increasingly preferred for handling drinks, food, and prescribed drugs since they eliminate the risk of leaching toxic chemicals. Glass is a highly recyclable medium and has features that make it a highly desirable material for containers. Many environmental resources are protected by recycling and reuse. A glass container’s ability to maintain the strength, fragrance, and seasoning of items makes it a desirable choice for food and beverage packaging.
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How is Future Outlook for Glass Container in Comparison to Historical Pattern?
Consumption of glass container is strongly influenced by the alcoholic beverage industry since a majority of manufacturers sell alcoholic drinks filled in glass bottles. Alcoholic drinks comprise one of the most lucrative segments within the beverages industry, accounting for higher market share in terms of volume in comparison to other end-use applications. Demand for glass is augmented by the strong growth evident in the luxury packaging world, particularly in liquor and cosmetics.
Get Sample of the report : https://www.futuremarketinsights.com/reports/sample/rep-gb-935
Ardagh Group S.A., Amcor Limited, Consol Glass (Pty) Ltd., Owens-Illinois, Inc., Saverglass Group, BA Glass, Hindusthan National Glass & Industries Limited, Nampak Ltd., Wiegand-Glas GmbH, Vidrala S.A. are prominent players in the glass containers market.
Glass container sales are strongly influenced by demand in the alcoholic beverage industry since a majority of alcoholic beverages are filled in glass containers. Due to the aesthetic appearance that can be accomplished by the use of glass in manufacturing of containers and its reflective design, sales within alcoholic beverages segment is poised to surge considerably. Glass containers also enable the alcohol manufacturer to present the premium quality of the product to their target consumers.
COVID-19 Impact on Glass Containers Market
The COVID-19 pandemic has affected the packaging industry owing to the instabilities in the supply chain. While businesses across food and beverages sector reported sluggish growth, pharmaceutical industry continues exhibiting demand for effective packaging amid pandemic crisis. Consequently, the market for glass containers have seen a decrease in revenue in Q1 and Q2 of 2020. This is partly due to government restrictions imposed on manufacturing industries and outlets that serve food & beverages to contain the spread of the virus.
Ask For Country-Specific Data: https://www.futuremarketinsights.com/ask-country-specific/rep-gb-935
What is the potential of lightweight glass containers?
Bottle weight reduction is the key focus of manufacturers. Thanks to modern technologies light weight glass bottles are easily available, which has been aiding in overall expansion of the market. Lightweight bottles minimize the use of raw materials and the expense of logistics. With focus on sustainability rising, manufacturers are increasingly aiming towards optimally using resources and curbing wastage.
Increasingly used as a versatile material in manufacturing of containers, glass can retain the original flavour of beverage inside without altering its taste or consistency. Glass containers are available on the market in a range of colours, shapes and sizes. It has been reported that about 23% of Anchor Glass Container Corp’s revenue, a major player in glass container manufacturing, comes from its product sales of craft beer glass packaging and 24% from mass-market beer glass packaging.
Sustainability and Reusability of Glass Containers Boosting their Applications
Glass containers are increasingly preferred for handling drinks, food, and prescribed drugs since they eliminate the risk of leaching toxic chemicals. Glass is a highly recyclable medium and has features that make it a highly desirable material for containers. Many environmental resources are protected by recycling and reuse. A glass container’s ability to maintain the strength, fragrance, and seasoning of items makes it a desirable choice for food and beverage packaging.
Request Special Price : https://www.futuremarketinsights.com/request-special-price/rep-gb-935
How is Future Outlook for Glass Container in Comparison to Historical Pattern?
Consumption of glass container is strongly influenced by the alcoholic beverage industry since a majority of manufacturers sell alcoholic drinks filled in glass bottles. Alcoholic drinks comprise one of the most lucrative segments within the beverages industry, accounting for higher market share in terms of volume in comparison to other end-use applications. Demand for glass is augmented by the strong growth evident in the luxury packaging world, particularly in liquor and cosmetics.
