In this market research report, Technavio covers the market outlook and growth prospects of the global retail glass packaging market for 2017-2021. The market is further categorized into four application segments, including personal care packaging, food packaging, non-alcoholic beverages packaging and alcoholic beverages packaging.
Technavio’s heavy industry research analysts segment the global RGP market into the following regions:
In 2016, with a market share of over 36%, EMEA emerged as the market leader in the global RGP market, followed by APAC with over 34% and the Americas with close to 30%.
Retail glass packaging market in EMEA
EMEA is the largest market for glass packaging and will continue to dominate the market during the forecast period. The market is driven by the high consumption of alcoholic beverages in the region. Most European brewers are focusing on innovative glass packaging so that the product becomes more appealing to consumers. For instance, the limited edition of Carlsberg Nordic was launched across 13 European markets in 2014. This collection includes three premium design bottles decorated to showcase the landscape and industrial design of the Nordic region.
“The launch of low-calorie beers in Europe will create a demand for new beverage packaging products, which will add volume sales in the market. However, the prohibition of alcohol consumption in many countries in the Middle East will restrict the growth of the market in this region,” says Sharan Raj, a lead analyst at Technavio for packaging research.
Request a sample report: http://www.technavio.com/request-a-sample?report=56071
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Retail glass packaging market in APAC
The retail glass packaging market in APAC will show the fastest growth during the forecast period. The major revenue contributors to the market are China and India. Rising disposable income, changing lifestyles, and westernization are some of the factors driving the alcoholic beverage packaging market in APAC. The increasing demand for spirits in this region is one of the major factors for the growth of the alcoholic beverage market.
“APAC led the global whiskey market and accounted for 54% of the whiskey consumed globally in 2015. The growth of the alcoholic beverages market in the region augurs well for the growth of the glass packaging market,” says Sharan.
Retail glass packaging market in Americas
The retail glass packaging market in the Americas will grow at a steady rate during the forecast period. One of the major reasons for the growth of the market in this region is the launch of innovative products by vendors in the market. For instance, Rexam, a leading beverage can manufacturer in South America, launched the Germânia 55 beer in fusion bottles in 2014.
Also, the growing number of breweries, wineries, and distilleries in the Americas is driving the growth of the market. The production of hard cider in the US tripled during the period 2011-2013. One of the major reasons for the growth of the market in this region is the launch of innovative products by vendors.
The top vendors in the global RGP market as highlighted in this market research analysis are:
Browse Related Reports:
- Global Cider Packaging Market 2016-2020
- Global Packaging Market 2016-2020
- Global Recyclable Packaging Materials Market 2016-2020
Become a Technavio Insights member and access all three of these reports for a fraction of their original cost. As a Technavio Insights member, you will have immediate access to new reports as they’re published in addition to all 6,000+ existing reports covering segments like tags and labels; transportation and distribution; and warehouse and storage. This subscription nets you thousands in savings, while staying connected to Technavio’s constant transforming research library, helping you make informed business decisions more efficiently.
Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
If you are interested in more information, please contact our media team at email@example.com.