Trends Favorable for Growth in Glass Packaging Industry: Market to Exceed $45.9 Billion in 2018
Global Glass Packaging Industry 2013-2018: Trend, Forecast, and Opportunity Analysis
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IRVING, Texas, May 21, 2014 /PRNewswire-iReach/ -- According to a new market research, global glass packaging industry is likely to remain profitable for the next five years. Asia has become a dominant force driving the growth of glass packaging industry. China and India will lead the growth of glass packaging industry during the forecast period. Lucintel, a leading global management consulting and market research firm, with over 1000 clients worldwide has analyzed the global glass packaging industry by segments and region, and has come up with a comprehensive research report "Global Glass Packaging Industry 2013-2018: Trend, Forecast, and Opportunity Analysis."
The global glass packaging industry is expected to reach an estimated $45.9 billion by 2018. Lucintel forecasts that market will be benefited by growing consumer preference for glass for the packaging of food, beverages, and chemicals as glass has an almost zero rate of chemical reaction and it does not affect the flavor of food and beverages. Awareness about the health benefit among the consumer and increasing preference towards glass in packaging of food, pharmaceuticals and beverages is expected to open new opportunities for the growth of the industry in forecast period. Glass packaging manufacturers are continuously adopting new strategies to gain market share in this industry. By further leveraging its quality, the property of high barrier, and its green credential, the glass market would never lose its sheen.
This report provides an analysis of the global glass packaging industry including analysis of the market trend, competitive landscape, company profiles, emerging trends, and key drivers of industry growth. The study also includes global forecasts for glass packaging through 2018, segmented by four regions and end user segments such as food and beverage, personal care, and healthcare glass packaging.
According to Lucintel, the major driver of glass packaging industry is the increased demand of glass packaging for beverages. Demand for glass packaging in alcoholic beverages is likely to maintain strong market position in forecast period. Growing concerns for health and environment, and increasing use of glass bottles for storage of medicines due to their sterility and reusability helps to drive the industry. Internal embossing technology is a new trend in glass packaging industry. However, the major challenge of the industry is its substitute material like plastic due to its light weight and reduced space. Consumer's inclination towards plastic bottles may affect the growth of the glass packaging market.
This 126-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents and pricing information on these timely, insightful reports, contact Lucintel at +1-972-636-5056 or via email at email@example.com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, market insight, and cost efficiency. To learn more, visit www.lucintel.com . You can also contact us through Live Chat in its website to answer your questions in real time.
Lucintel, the premier global management consulting and market research firm creates winning strategy for growth—whether you need to understand market dynamics, identify new opportunities, or increase your profitability. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M & A and due diligence services to executives and key decision-makers in a variety of industries. Over the last 15 years, Lucintel has served over 1,000 corporations in 70 countries. For further information, visit www.lucintel.com.
Media Contact: Roy Almaguer, Lucintel, +1-972-636-5056, firstname.lastname@example.org
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