DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Glass Bottles and Containers Market - By Regions and Vendors - Market Size, Demand Forecasts, Industry Trends and Updates, Supplier Market Shares (2014-2020)" report to their offering.
The global production of glass containers is estimated to reach 65.42MMT by 2022, at a CAGR of 3.73%, while in terms of revenue, the market is projected to reach $70.86 billion in 2022.
Factors like increasing disposable incomes, growing acceptability of alcohol consumption are mainly driving the market in APAC region. Glass bottles are the preferred source of packaging for Beer products. Majority of beer volume was sold in glass bottles while the other substitute being plastic bottles. Cost advantage and other properties also drive the market. But, on the other hand, it is losing its shine in the saturated markets like US and Western Europe. In India, however, this market is growing significantly, thanks to the greater penetration level availability from the end user perspective.
Industry trends, like light weight and sustainability, are being on more focus. Almost 30% of the glass bottles weight was reduced during the past decade. Since the profit margin is low for glass bottle manufacturers (8-10%), this trend would benefit the companies - due to reduced raw material cost. Glass packaging is witnessing increase in competition from other packaging materials that are stronger, lighter and cheaper to manufacture and transport; especially in many of the glass packaging sub-markets.
Key Topics Covered:
1. Glass Bottles and Containers Market
2. Global Glass Bottles and Containers Market - By Regions and Vendors - Market Trends and Forecasts (2015 - 2022)
3. Research Methodology
4. Executive Summary
5. Market Overview
6. Market Dynamics
7. Global Vendor Market Share Analysis
8. Investment Analysis
9. Recent Mergers and Acquisitions
10. Investment Scenario and Opportunities
11. Future of Glass Bottles/Containers Market
- AGI Glasspac
- Arab pharmaceutical glass
- BA Vidro
- Carib glass
- Central Glass
- Consol glass
- Frigo glass
- Meg glass
- Owen Illinois
- Quinn glass
- RAK Ghani
- Saudi glass
- Siam glass
- Thai glass
For more information visit http://www.researchandmarkets.com/research/sl6fnx/global_glass