Glass Packaging Market to be Worth $36.8Bn in 2013

Monday 7 January 2013, Amsterdam

Analysis indicates that the global glass packaging market will reach a value of $36.8bn in 2013, as the emerging economies demand more premium food, beverage, healthcare and personal care products that are packaged in glass. However, growth in the glass packaging market will be limited as companies will face rising amounts of pressure and competition from other packaging materials trying to take market share and from producers looking to other packaging materials in order to cut down production costs.

The glass packaging market is therefore forecast to record modest continuous growth over the next decade, as glass as a packaging material has little room to manoeuvre in new markets and becomes synonymous with luxury and premium products.

The author of the Global Glass Packaging Market 2012-2022 report commented that ‘Glass packaging is and will remain a key material for packaging but it will lose out to flexible plastic packaging especially PET over the next 10 years. This loss in the glass packaging market share will only affect the lower tier products that glass currently packages and will act to enforce glass as the packaging material of choice for any product wishing to portray an image of luxury or natural qualities. Luxury products are currently being soaked up by the East Asian and South American markets and this is where the majority of demand for glass packaging comes from. This will continue to be the case until Europe and America Recover towards the end of the decade’.

The report contains 98 tables, charts and graphs that add visual analysis in order to explain developing trends and dynamics within the glass packaging market. This report provides forecasts for the period 2013-2023 in terms of value (US$) for the global glass packaging market, as well as for 5 subsectors (food, beverages, healthcare, personal care and other) of the glass packaging market. In addition, 12 leading national glass packaging markets are forecast and analysed by visiongain over the period 2013-2023. The report provides profiles of 13 leading companies operating within the market, and includes 4 interviews with principal companies and organisations dealing with the glass packaging market, providing expert insight alongside analysis.

The Global Glass Packaging Market 2013-2023 report will be of value to current and future potential investors into the glass packaging industry, as well as companies and research centres who wish to broaden their knowledge of the glass packaging market.