Glass Packaging Industry| COVID-19 Impact, Growth Rate, Future scope, Analysis, Business Development and CAGR to 2022
Glass Packaging Industry| COVID-19 Impact
(firmenpresse) - Glass Packaging Industry Overview
Due to a considerably escalating population base, rise in purchasing power, and alteration in the lifestyle of users; individuals in these nations have started buying an escalated quantity of packaged food. The surge in demand for packaged foods such as beverages and more specifically alcoholic beverages, and carbonated soft drinks (CSD) are the key factors fuelling the demand for glass packaging.
Competitive Analysis
Vidrala S.A.
BA Vidro
Gerresheimer AG
Wiegand-Glas GmbH
Ardagh Group S.A
Vetropack Holding Company
Verallia
Stölzle Glass Group
Piramal Glass
Nihon Yamamura Glass Co., Ltd.
Vitro
Heinz Glas GmbH & Co. KGAA
Zignago Vetro S.P.A.
Verescence
Luigi Bormioli Corporation
Owens-Illinois Inc.
Vetrobalsamo Spa
Allied Glass Containers Ltd, and others.
Segmental Analysis
The Glass Packaging Industry globally is segmented on the basis of applications, product, and region. The product-based segmentation of the market consists of premium glass quality, standard glass quality, and super premium glass quality. By Product, the premium quality glass controlled the Glass Packaging Industry in 2017 with a share of 38.2 percent. The market is expected to increase at a CAGR of 3.36 percent during the forecast period. By applications, the market is segmented into beverage packaging, food packaging, personal care packaging, pharmaceuticals packaging, and others. The beverage packaging is controlling the Glass Packaging Industry and is also estimated to develop with a rapidly growing CAGR in the forecast period.
Regional Analysis
The regional analysis of the COVID-19 Impact covers regions such as Europe, Americas, Asia Pacific, Middle East and Africa. The Asia Pacific had been controlling the Glass Packaging Industry in 2017 with 34.3 percent share and is estimated to be the most rapidly increasing market through the forecast period. The increasing consumption of alcoholic beverage motivates the market in the region. Moreover, improved disposable income levels among individuals, fluctuating preferences, and lifestyles of consumers, also has had an encouraging effect on the development of the market. India, China, Japan, and South Korea are the important contributors in the market. China is the leading country for the market in the region.
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Datum: 03.06.2020 - 10:30 Uhr
Sprache: Deutsch
News-ID 613654
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Contact person: sagar
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Phone: 09876543207
Kategorie:
Packaging and Processing
Typ of Press Release: Product
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Date of sending: 3/06/2020
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