According to Value Market Research, the global Glass Packaging Market is expected to register a CAGR of 4% between 2018-2024 growing from USD 52 BN in 2017 to USD 68.4 BN by 2024. This syndicate report provides informative data and enlightens on the critical aspect of the market such as market size, share, growth, trends and market outlook on a global as well as regional level. In addition to this, the report also provides authentic information that supports the business to achieve their business goal. Further, this report also covers key players with their market share and analyzes the strategic development adopted by the industry players.
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Growing usage of glass for packaging of food & beverages and alcohol drinks worldwide along with the rising demand from pharmaceutical is driving the product demand. Also, growing demand from pharmaceutical for packaging drugs in order to protect the drugs and avoid contamination is further driving the market growth. Additionally, growing technological innovation in terms of packaging is further fueling the industry growth. On the other hand, growing usage of plastics as a packaging material is likely to hamper the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of Glass Packaging.
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The broad glass packaging market has been sub-grouped into product and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- De-alkalized Soda Lime
- Soda Lime
- Alcoholic Beverages
- Food & Beverages
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for glass packaging in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
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