27 July 2018
Visiongain’s analysis indicates that the global glass packaging market will reach a value of $59.0bn in 2018 and this will largely be driven by emerging market growth and a higher level of disposable income. Of this global market value, 38.5% in market share can be attributed to the leading 20 glass packaging companies.
The glass packaging market will experience modest growth in the developed markets, as glass will still retain its lure as a premium product. Developments in innovation will lead to lower costs and this will benefit demand. The developing markets will be characterised by strong economic growth and a higher level of disposable income. This will positively benefit the glass packaging market as consumers will increase the quantity and quality of their purchases.
The leading Visiongain analyst of Global 20 Leading Glass Packaging Companies 2018-2028: Competitive Landscape Analysis commented that ‘Historically, glass has had a number of attributes superior to competing materials, but this situation is beginning to change. Innovation in competing materials such as plastic has led to developments in visual appeal, as well as developments in sustainability. Presently, glass still has a number of advantages over competing materials; however innovation will be required to maintain these advantages. In the current economic situation, costs have become more pertinent and innovation can be utilised as a way to reduce costs through concepts such as lightweighting’.
The report contains 70 tables, charts and graphs that add visual analysis in order to explain developing trends within the glass packaging market. Visiongain provides analysis of both the overall landscape of the glass packaging market in 2017, as well as for each individual company listed among the top 20. The analysis of individual companies includes the latest information on news, acquisitions, awards, and the competition that each company faces in the material submarket within which it may focus its operations. Visiongain also determines the market share of each company and ranks the companies based upon this information.
Global 20 Leading Glass Packaging Companies 2018-2028: Competitive Landscape Analysis 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 competitive landscape of the glass packaging market.
For sample pages and further information concerning the Visiongain report Global 20 Leading Glass Packaging Companies 2018-2028: Competitive Landscape Analysis please visit http://www.visiongain.com/Sector/133/Packaging
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