The Glass Packaging Market Will See A Capital Expenditure (Capex) Of $58.98 Bn In 2018
02 August 2018
Visiongain’ has launched a new Materials report Glass Packaging Market 2018-2028 : Forecasts (CAPEX & Volume) by End-Use Sectors (Beverages, Food Industry, Healthcare, Personal Care & Other Industries) And By Region Plus Leading Companies in the Glass Packaging Market
The fast-economic growth in emerging economies is boosting the demand for glass packaging products in those markets. Emerging middle class, rising disposable income, increasing urbanisation level and improved infrastructure are all driving up consumption. Consumers demand more well-packed products in all end-markets glass will see a rapid expansion in the packaging market. The busier life and spread of fast-moving lifestyle are also requiring more convenient and easy-to-carry packaging for consumer products such as food and drink. Glass provides enough protection to products, and thus the demand for glass packaging will surge. The economic growth will also stimulate the growth in demand for glass industrial packaging.
From the approximate one million oil and gas wells producing in the world, around 5% flow naturally - leaving nearly all of the world’s oil and gas production reliant on some form of efficient artificial lift systems.
Factors such as rising demand for glass packaging in major Asian markets, such as India and China, and strong demand from the healthcare & beverage industry are some of the major drivers for the market. Glass packaging demand is cyclical to the economic growth like all commodities are and as so GDP annual growth can be used to estimate the growth potential of glass packaging in the long-term.
The visiongain report analyst commented, “Despite this stemming from demand for glass packaging, glass will maintain its position as a luxury packaging material and a packaging material preferred by environmentally and health-conscious consumers.”
Leading companies featured in the report who are involved in Glass Packaging include Owens-Illinois, Saint Gobain, Ardagh Group, Vidrala, Vetropack, Gerresheimer, Corning Inc. and AGC Group.
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