The Glass Packaging Market Will See A Capital Expenditure (Capex) Of $58.98 Bn In 2018

02 August 2018
Packaging

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.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongainglobal.com or call her on +44 (0) 207 336 6100

About visiongain
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

Recent News

Visiongain Publishes Beverage Packaging Market Report 2020-2030

Driving beverage packaging developments are beverage companies’ responses to what consumers expect from their beverage packages.

29 July 2020

Read

Visiongain Publishes Renewable Plastic Packaging Market Report 2020-2030

Favorable government policies, availability of bioplastic raw materials, plenty of suppliers, and environmentally friendly properties are expected to drive global renewable plastic packaging industry over the projected period.

27 July 2020

Read

Visiongain Publishes Packaging Automation Market Report 2020-2030

Packaging Automation Market is Driven by the increasing adoption of robotic technologies such as robotic process automation and automated conveyors.

27 July 2020

Read

Visiongain publishes E-Commerce Packaging Market Report 2020-2030

E-commerce has been designed to buy and sell goods via online services and is a fast-growing channel. E-commerce, a new distribution channel, offers new revenue pockets for the market players to reach a broader market, reduce costs, allows comparison shopping, and thus offer numerous opportunities.

30 June 2020

Read

Kelloggs
3m
Thales
Shell
TEVA
Lockheed-Martin
Pfizer
Raytheon
Halliburton
Du-Pont
Honeywell
Daimler
BASF
Bayer
BP
BAE-Systems
Unilever