Plastics Create Huge Concern for Glass Packaging Market -- Waxing at Tepid Pace, Sales to Reach $36.5 Billion by 2010, According to New Report by Global Industry Analysts, Inc.

Share Article

Exhibiting a meager growth rate, the global glass packaging market is portended to garner sales of 319 billion units worth US$36.5 billion by 2010. Plastics, owing to its performance benefits and technological innovations, continue to be a major threat to the glass packaging market.

Glass Packaging A Global Strategic Business Report

Glass industry in the developed and mature markets represents a premium and superior quality packaging material image, as compared to the other packaging materials. Prestige drinks such as champagne, beer and other fizz drinks, traditionally marketed in glass bottles are important for maintaining the brand image and quality consciousness of the consumer. In addition, glass containers can be fully recycled and reused and unlike their plastic counterparts, can be easily sorted for recycling on the basis of different colors and shapes. Although Europe retains the largest chunk of over 42% of the glass packaging demand, Asia-Pacific market is expected to post strong results in the coming years, mostly due to promising performance from the Chinese market. Increasing per capita and household incomes are expected to bolster the growth of indigenous demand for consumer products, including glass markets.

Consumer beverage represents the largest end-use segment for the global glass packaging market, as stated by Global Industry Analysts, Inc. In 2006, the end-use accounted for a whopping 75% of the total world consumption. The segment is also the fastest growing, with a projected CAGR of 2.9% in value terms and 2.6% in volume terms. Food represents the second largest end-use market, with consumption of US$6.7 billion or 75.2 billion units, in 2006.

The strongest threat to the glass packaging industry of late is posed by the plastic industry, which has seen rapid advancements in recent years. Plastic packaging industry is expected to far outpace not only glass, but other packaging materials also. The high growth has been anticipated mainly on account of the technological advancements in the industry, coupled with above-average performance in the past and the performance benefits of the material. The usage of plastic is most evident in the packaging market in general, and in particular the food and beverage segments.

Leading players in the worldwide glass packaging market include ACI Glass Packaging, Anchor Glass Container, Anadolu Cam Sanayii A.S., Ardagh Glass, Gerresheimer Group, Koa Glass Co., Ltd., Owens-Illinois, Saint Gobain, and Toyo Seikan Kaisha.

The report titled "Glass Packaging A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides key trends, in-depth analyses of the glass packaging market by end-use application independently for all the major geographic markets. The report includes competitive scenario, product launches, developments, mergers, acquisitions, alliances, and other strategic industry activities.

For more details about this research report, please visit http://www.strategyr.com/MCP-2762.asp.

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Web Site http://www.StrategyR.com

###

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Public Relations
Visit website