© 2017 Global Market Insights, Inc. USA. All Rights Reserved Glass Packaging Market share by applications and regions for : Global Market Insights, Inc.

 Glass Packaging Market has been undergoing a plethora of changes over the recent years with regards to innovations, enhanced branding, and unconventional packaging formats. Glass being 100% recyclable, is one of the most trusted and proven packaging solutions related to health, taste, and sustainability. Glass Packaging Market  In fact, statistics claim that glass is the only extensively used food packaging material that have been granted with the highest standard certification, ‘GRAS’ (as a recognized safe material) by the Food and Drug Administration.  The impermeable and chemically unreactive characteristics of glass materials is further enhancing the application scope of glass material packaging industry across various domains, pharmaceutical and alcoholic beverages being at the pinnacle. As per a recent market speculation put forward by Global Market Insights, Inc., global glass packaging industry will surpass a valuation of USD 65 billion by the end of 2024, with an estimated CAGR of 4.5% over © 2017 Global Market Insights, Inc. USA. All Rights Reserved  Global Market Scenario of Packaging Industry

 Worldwide, glass packaging industry is fragmented with leading six companies representing only 30% of the revenue share. In this competitive scenario, it has been observed that industry biggies are adopting mergers and acquisitions and strategic collaborations to sustain their geographical presence. Companies are continuously trying to expand their production capacities by incorporating innovative products that are highly customized. Some of the renowned names in glass packaging market are Saint-Gobain, Owens-Illinois Inc, Gerresheimer AG, Vetropack Holding AG, Hindustan National Glass (HNG), Ardagh Group S.A., Piramal, Stölzle-Oberglas GmbH and Nihon Yamamura Glass Co., Ltd.  Pharmaceutical sector is one of the most outpacing domains actively driving glass packaging industry commercialization. The prime factor that can be credited for the market proliferation is the unprecedented rate of innovations outlining the business landscape. Continue :- © 2017 Global Market Insights, Inc. USA. All Rights Reserved

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 One such breakthrough is Corning’s revolutionary pharmaceutical glass packaging solution, Valor Glass. As it is proclaimed, Valor Glass offers superior strength, enhanced chemical durability, chemical resistance, assuring better protection of the drugs. Recently Corning and Stevanato Group have entered a strategic partnership focusing on merchandizing Corning’s Valor Glass to the glass packaging market.  Another instance of such collaborations which is expected to be a potential boost for the overall industry dynamics from pharmaceutical applications is the business alliance between Merck, Corning, and Pfizer over Valor Glass packaging. Keeping into consideration the chain of positive disruptive trends, it is certain that pharmaceutical sector will contribute a significant portion toward the global glass packaging industry in the coming years, with a projected CAGR of over 4% over  360° Industry Analysis © 2017 Global Market Insights, Inc. USA. All Rights Reserved Request for Browse Report

 The rising consumption of beer especially across APAC belt can be primarily attributed for the market revenue. In this regard, it is prudent to note that Asia Pacific almost represented 40% of the glass packaging industry in  In fact, as per statistics, consumption of beer in Mexico and Vietnam have experienced an increase of around 6.5% and 7.5% respectively over the period of © 2017 Global Market Insights, Inc. USA. All Rights Reserved Make An Inquiry To Purchase This  Regional Analysis:  The industry is faced by several challenges, the prime being the rising popularity of plastic packaging which has observed rapid advancements in recent years. The linear growth curve of plastic packaging market can be attributed to some of its adhered benefits like easy transportation, cost effectiveness, durability, and aesthetic features. However, with increasing consumer preference for sustainable packaging materials having a high grade environmental viability, glass packing market is forecast to witness an appreciable growth in the years ahead.

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