Increasing beer and other alcoholic beverages consumption in the region is anticipated to positively influence glass packaging market size by 2024. Beer industry is one of the most crucial sectors of Europe which is responsible for driving European economy. Production as well as sales of beer generates around USD 60 billion annually for the government. Furthermore, Europe is among world’s top beer producer and ranks second globally. In Europe, around 44% of alcohol is consumed in the form of beer and rest in the form of wine and spirits. As the product has major application in beer and other alcoholic beverages, increasing consumption in the region is expected to uplift the Europe glass packaging market size in the forecast spell. According to the Graphical Research new growth forecast report titled Europe Glass Packaging Market By Application (Alcoholic Beverages, Beer, Food & Beverages, Pharmaceuticals, Others), By Product (Borosilicate, De-alkalized Soda Lime, Soda Lime), Industry Analysis Report, Regional Outlook (Germany, UK, France, Spain and Italy) size to rise at USD 21 billion by 2024.
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Glass packaging market is segmented on the basis of product types as de-alkalized soda lime glass, soda lime glass and borosilicate. Borosilicate accounted for approximately 25% of the overall business size. Borosilicate glasses are generally used in packaging of drugs and medicines. The product has several other applications including cookware, oven & microwave, telescopes, semiconductors, etc. On the other hand, glass packaged products has applications in ample number of sectors including pharmaceuticals, food & beverages, beer and alcoholic beverages. Glass containers are primarily used in pharmaceutical industry owing to various properties offered by glass. Glass based packaging materials are easy to sterilize, chemically inert and therefore do not react with the content and are generally impermeable with water. Various pharmaceutical companies are also investing in glass-based packaging worldwide. For instance, Merck and Pfizer announced collaboration with glass manufacturing company Corning to offer innovative solutions for drugs and cartridges.
Key Europe Glass packaging market participants includes Honeywell International, Inc., Amcor Ltd, MTS Medication Technologies, Sonoco Products Company, Bemis Company, Inc., Reynolds Packaging, WestPack, etc.
Europe Glass Packaging Market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2013 to 2024, for the following segments:
Segments Covered in this Report:
Europe Glass Packaging Market Share, By Product
- Borosilicate
- De-alkalized soda lime glass
- Soda lime glass
Europe Glass Packaging Market Trend, By Application
- Alcoholic beverages (excluding beer)
- Beer
- Food & beverages
- Pharmaceuticals
Browse key industry insights along with Table of Content @ https://www.graphicalresearch.com/industry-insights/1219/europe-glass-packaging-market
Related Reports:
Asia Pacific Glass Packaging Market : https://www.graphicalresearch.com/industry-insights/1217/asia-pacific-glass-packaging-market
North America Glass Packaging Market : https://www.graphicalresearch.com/industry-insights/1212/north-america-glass-packaging-market
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The global glass packaging market size was USD 87.61 billion in 2017.
The market growth is rebounding due to the growing consumer demand for glass as a result of its natural antimicrobial properties.The raw materials required for the production of glass including soda ash, silica sand and limestone, are easily available.
Glass is an inert product manufactured by melting these materials with metallic oxides, to obtain the desired color to the final product.Request a sample copy of this report: https://www.adroitmarketresearch.com/contacts/request-sample/516The global glass industry is divided into four major categories including container glass, flat glass, fiber glass and specialty glass.
Container glass is utilized in the glass packaging industry in the form of bowls, bottles and jars.
Among different categories of glass being produced globally, container glass accounts for a major market revenue share of about 45%.Glass continues to be viewed as a luxury item, especially within the personal care & cosmetic sector.
Alcohol beverages (excluding beer) accounted for 49.3% of the global glass packaging volume share in 2017, followed by beer.The growing consumption of alcohol and beer is expected to drive the growth of the global glass packaging market over the next few years.
