In a recent research report by Maximize Market Research, the Glass Bottles and Containers Market is expected to surpass US $XX billion by the year 2026, from US $ 60.91 billion in 2019.
Despite a huge decline in the sales of products during the initial phase of pandemic spread and lockdown restrictions all over the region, the market is observed to pick up a quick pace for registering a CAGR of almost more than XX%, during the tenure of 2020 – 2026.
The report published by Maximize encompasses the market dynamics, which could affect the market growth of glass bottles and containers in the region, the Value – Chain Analysis, and the PORTER’s analysis for the glass bottles and containers market at a global level.
The study is consolidated based on two major segments and further into sub-segments, Color (Amber, Flint, Green, Other Colors), End User (Beverages, Food, Cosmetics, Pharmaceuticals, Others), to forecast the market size by value; also includes the analysis of past market dynamics from 2016 – 2019, considering 2019 as the base year.
Glass packaging is becoming more popular in the cosmetics and fragrance sectors due to its numerous advantages. Furthermore, growing economies are expected to boost demand for cosmetics and fragrance items, as well as their packaging. India is one of the fastest-growing cosmetics consumption and manufacturing markets in the world.
Moreover, the government and relevant regulatory organizations are increasingly prohibiting the use of PET bottles and containers for medicine packaging and delivery, which is projected to reduce use. Over the projection period, this is likely to increase demand for glass bottles and containers.
Lastly, the market research report provides a regional comparison and a complete country-level analysis for the latest trends, along with the major key players- Owens-Illinois, Inc., Vidrala SA, Ardagh Packaging Group PLC, Wiegand-Glas GmbH, Verallia Packaging SAS (Horizon Holdings II SAS1), Vetropack Holding Ltd, Stolzle Glass Group (CAG Holding GmbH), AGI Glasspack Ltd, Hindustan National Glass & Industries Ltd, Vitro SAB de CV, Consol Glass (Pty) Ltd, Carib Glassworks Ltd, Gerresheimer AG, Middle East Glass Manufacturing Co SAE, Toyo Glass Co. Ltd, BA Glass BV, Piramal Glass Ltd, APG Europe in the global glass bottles and containers market.
You can browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on the “Global Glass Bottles and Containers Market.”
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