The global glass packaging market has been forecast to exceed US$56.8 billion by 2018. Though the market faces a growing threat from plastics, the sector is expected to witness sustained growth as glass continues to remain a superior packaging choice for select food and beverages.
Furthermore, the industry is set to be driven by increasing demand from developing countries; increasing sales of cosmetic products; growing preference for eco-friendly packaging among consumers; rising consumption of packaged food and beverages especially in developing nations; and increasing importance of health awareness, safety, and food issues.
Packaging is meant to protect the product from damage and dirt and also to retain the freshness of the contents. Packaging is also being used for promotion and advertising and is hence being designed to attract customers. Glass has emerged as the material of choice for some industries owing to its unique properties such as the ability to preserve taste, aesthetic qualities, cleanliness, and recyclability.
Glass packaging industry is also significantly influenced by changing demographic profile, which in turn influence consumption habits and design of final products particularly in the healthcare glass packaging market.
The greatest threat to the glass packaging industry is posed by plastics, which has seen rapid advancements in recent years. The high growth in the plastics packaging market is mainly attributed to technological advancements, and the material's inherent recyclability and longer lasting properties.
In recent years however, glass is witnessing renewed focus following increasing health and environmental concerns over chemicals associated with plastics and other alternatives.
The global glass packaging market is highly fragmented, except in the US and Europe, where the top three players constitute about 80% -90% of the total sales. In Asia-Pacific as well as in South America, the glass packaging industry is flooded with numerous players, most of which are regional, serving a limited geographic area.
Major players currently dominating the glass packaging market include Anchor Glass Container Corporation, Anadolu Cam, Ardagh Glass Group, Gerresheimer Group, Koa Glass Co., Owens-Illinois Inc., Saint Gobain.
For more information on the glass packaging market, see the latest research: Glass Packaging Market
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