A Complete Study On Global Glass Packaging Market

Introduction 

The global glass packaging market growing with an attractive CAGR during the forecast period(2018-2023).Glass is made from all-natural sustainable raw materials.Glass packaging is the preferred packaging for consumers as they preserve a product’s taste or flavor, maintain the integrity or healthiness of food and beverages and are environmentally friendly. Due to these characteristics, it is widely considered as “generally recognized as safe” or “GRAS” packaging material by U.S. Food and Drug Association. Rising disposable income, changing lifestyle, and growing demand for fruits and soft drinks are some of the factors that are driving the demand for glass packaging solutions
global glass packaging market growth

. Increasing alcoholic drinks consumption and rising investments in the pharmaceutical sector are the driving factors that will further boost the global glass packaging market growth. 
Growing Pharmaceutical Industry
Glass is a preferred packaging material in the pharmaceutical industry because it is chemically inert, an excellent barrier against practically all harmful elements and it doesn’t deteriorate with time. It is considered as a “generally recognized as safe” by U.S Food and Drug Association. 
 global glass packaging market size
Increasing investments in the pharmaceutical industry have played an important role in the growth of the glass packaging market as not only they are economical but are also recyclable and impermeable. The aging population, overall increase in the consumption of generic drugs, and growing access to the healthcare facilities are cumulatively boosting the growth of the pharmaceutical industry and in turn influencing the glass packaging market positively.

Global Glass Packaging Market By Geography

Geographically, the global glass packaging market is segmented as North America, Europe, the Middle East and Africa, and Asia. These regions are further segmented into countries that are major glass packaging markets. North America and Europe hold a significant market share throughout the forecast period owing to the growing focus on “premiumization” of packaging solutions and high beer consumption while APAC will witness the fastest regional market growth owing to rising alcoholic consumption and growing demand for glass packaging solutions across the pharmaceutical industry in the region. According to the World Health Organization (WHO), South Koreans are the most prolific alcohol drinkers in Asia, with an average drink of 10.9 liters of alcohol a year by consumers over the age of 15.
                                                 
 global glass packaging market share by region

North America

North America is the major market for glass packaging solutions in the Americas region as well as globally. North America glass packaging market is anticipated to grow to US$XX.XX billion by 2023, from US$XX.XX billion in 2017 at a CAGR of XX%. The region is segmented as U.S., Canada, Mexico, and Others glass packaging markets. North America glass packaging market will witness significant growth on account of rising demand for premium and craft spirits and wine and other non-alcoholic beverages. Growing environmental concerns regarding the use of plastic packaging coupled with the increasing number of glass recycling facilities in countries like the U.S. and Canada further bolster the growth of the region’s glass packaging market. 
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