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The report provides an in depth evaluation of the affect of the COVID-19 pandemic available on the market below optimistic, possible and pessimistic forecast eventualities.
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Glass packaging market: growing beverage consumption to drive development.
The elevated use of single-serve containers, elevated disposable earnings and improved residing requirements are growing the demand for glass beverage containers. The proliferation of distinct packaging codecs, the introduction of contemporary produce, and the elevated consumption of more healthy drinks, comparable to bottled water, ready-to-drink (RTD) tea, and non-dairy milk substitutes, will increase the market. market. The principle gamers are transferring in direction of sustainable packaging merchandise. One other main issue within the development of the worldwide glass packaging market is the rising reputation of craft beer. As well as, the growing consumption of wine and comfortable drinks is growing the market. These elements will drive the demand for glass packaging throughout the forecast interval.
Is there any reduction throughout this COVID pandemic?
In keeping with Technavio, the rising demand for pharmaceutical packaging will positively affect the market and contribute considerably to its development throughout the forecast interval. This analysis report additionally analyzes different important market tendencies and drivers that may affect the market development over 2021-2025.
Glass packaging market: rising demand for pharmaceutical packaging.
A big improve in demand for pharmaceutical packaging globally is propelling the adoption of glass packaging. The demand for glass packaging is growing, because of the development of the pharmaceutical {industry} on the earth. The growing old of the inhabitants and the growing incidence of continual illnesses are driving the demand for medication and, in flip, for product packaging. The sterile medical packaging market is rising because of the growing demand for contamination-free medical merchandise. These elements will drive the demand for glass containers in pharmaceutical purposes which, in flip, will drive the expansion of the worldwide glass packaging market throughout the forecast interval.
“The growing reputation and acceptance of assorted alcoholic and non-alcoholic drinks will additional drive market development over the forecast interval,” says a senior analyst at Technavio.
Glass packaging market: main suppliers
- Amcor Plc
- Ardagh Group SA
- BA Glass BV
- China Glass Holdings Ltd.
- Gerresheimer AG
Glass packaging market: segmentation evaluation
This market analysis report segments the glass packaging market By Software (Meals & Beverage Packaging, Private Care Packaging, Pharmaceutical & Others Packaging) and Geography (APAC, Europe, North America, South Americaand MEA).
APAC area dominated the glass packaging market in 2021, adopted by Europe, North America, South Americaand MEA respectively. Through the forecast interval, APAC area is anticipated to register the best incremental development as a result of elements comparable to elevated consumption of shopper merchandise.
Technavio’s pattern stories are free and get aggressive intelligence on market gamers. Monitor key {industry} tendencies, alternatives and threats. Inform your advertising and marketing, your model, your technique and the event of your market.
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Associated materials stories embrace:
World Tubes and Cores Market– The tubes and cores market is segmented by finish person (paper {industry}, textile {industry}, and many others.), geography (North America, Europe, APAC, South Americaand MEA) and main suppliers.
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World contract packaging market– The contract packaging market is segmented by finish person (meals and beverage, shopper items, private care, prescribed drugs and others), geography (North America, APAC, Europe, MEA and South America) and the principle suppliers.
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A number of the important matters lined within the report embrace:
Market challenges
Market elements
Market tendencies
Vendor Panorama
- Coated suppliers
- Provider classification
- Positioning of suppliers available on the market
- Aggressive situation
About Technavio
Technavio is a number one world know-how analysis and consulting firm. Their analysis and evaluation focuses on rising market tendencies and offers actionable insights to assist corporations determine market alternatives and develop efficient methods to optimize their market positions.
With greater than 500 specialist analysts, Technavio’s report library consists of greater than 17,000 stories and counts, masking 800 applied sciences, in 50 nations. Their buyer base consists of corporations of all sizes, together with greater than 100 Fortune 500 corporations. This rising buyer base depends on Technavio’s complete protection, in-depth analysis and actionable market information to determine alternatives in present markets and potentials and assess their aggressive positions in altering market eventualities.
Contacts
Technavio analysis
Jesse maida
Media and Advertising and marketing Supervisor
United States: +1 844 364 1100
United Kingdom: +44 203 893 3200
E-mail: [email protected]
Web site: www.technavio.com/
Report web page: https://www.technavio.com/report/glass-packaging-market-industry-analysis
SOURCE Technavio
