Transparency Market
Research
Glass Packaging Market - Global Industry Analysis,
Size, Share, Growth, Trends and Forecast 2014 - 2020
Published Date
30-Dec-2014
102 Page Report
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Press Release
Development of Light-weight Glass to Hold Promising
Growth for Glass Packaging Industry, Says TMR
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Glass Packaging Market
REPORT DESCRIPTION
Glass Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 2020
The glass packaging market is highly fragmented, preventing companies from extending their operations
across international markets. As a result of this, the top six companies accounted for less than 35% of the
market in 2013. These companies are Saint-Gobain S.A., Owens-Illinois Inc., Ardagh Group, Vetropack
Holdings, Gerresheimer AG, and AGand Vidrala SA. These and other companies are forming strategic
partnerships and alliances to introduce new range of innovative glass packaging solutions. Transparency
Market Research (TMR), in its new study, states that the threat of substitutes is expected to be a concern in
the coming years owing to the growing popularity of aluminum cans, paper, and plastics for packaging.
According to the report, the global market opportunity in glass packaging is expected to rise from US$43.90 bn
in 2015 to US$55.23 bn by 2020. By application, the alcoholic beverages segment is expected to continue to
lead through the forecast. The alcoholic beverages segment is expected to account for 45.4% of the market by
2020, followed by the beer segment. The alcoholic segment is also expected to grow at a significant pace in
the coming years.
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Rise in Beer Consumption...