Glass Packaging Market Research Reports, Industry Analysis and Trends
Glass packaging is the process of packaging using glass materials. Such type of packaging requires an extreme cautiousness and fragility. Glass packaging is majorly done for products related to food and beverages industry. The global glass packaging market is growing; however, the overall demand is still not as exciting as for the plastic packaging. The glass packaging market as a whole is a mature sector and the growth rate attributed to the precise quality it produces. According to Visiongain, the glass packaging market will reach US $36.8bn by the end of 2013 and will continue to hold its steady sector with considerable increase with dynamic and innovative distribution and supply.
Glass packaging holds the market position along with other types of packaging but this position is slowly being challenged further by plastics which is perceived to be a more reliable and energised material in comparison to glass. For many beverage manufacturers, the keen interest is in the performance of glass packaging market over plastic packaging in the next ten years. Glass packaging will however solidify its image as being a luxury item and any product wishing to portray an image of sophistication and value will choose glass above all others.
The maximum growth the glass packaging industry can make is from the emerging economies as the developed economies which were hit hardest by the recession have reached a standstill in their demand for glass packaging and are increasingly drifting towards much lighter weight type of packaging. The emerging markets are however finding the value in the market in embracing the luxurious quality and glass packaging is situated at an extremely well place within these new markets to take advantage of this increased demand.
Glass Packaging Industry Current Trends
Glass is used for the most innovative and versatile packaging solutions, such as packaging solutions for food and beverages, cosmetics, healthcare, chemical, oil, and other industrial products. Glass packaging can be produced in all kinds of shapes and furnished with colourful decorative finishes so that it stands out from other packaging on the shelves. In recent years, glass packaging manufacturers have tuned in to the needs of the growing target group of environmentally aware, health conscious and lifestyle oriented consumers. The impermeable nature of glass makes it a safe form of protective packaging. In addition to being an excellent barrier against the external environment, glass packaging does not react or interact with and alter the taste, odour or composition of the products it contains. The most endearing quality that Glass packaging provides is the optimum long-term conservation of the original qualities and virtues of food and beverages.
Glass not only protects but also enhances a product’s quality, such as the transparency. Glass packaging allows the consumer to judge and choose much more easily and conveniently as it displays the content and reveals the quality, allowing the consumer to appreciate the product. The developments related to the changing demographics of the world population, has had a severe impact to glass packaging industry but with emerging economies, rising GDPs, shift in consumer preference towards eco-friendly packaging, increasing beverages consumption in the developing economies, rising importance of recyclable eco-friendly material, health awareness, food and safety issues, there is foreseeable demand growth in the near future.
The global glass packaging market is undergoing technological changes so the future of the industry looks different leading to more growth opportunities. Moreover, the industry is likely to experience several reformations, as new products and processes will be introduced to the world market, along with improved production and recycling processes.
Major Glass Packaging Players
Major players in glass packaging industry are China Glass Holdings Ltd, Consol Glass Ltd, Owens-Illinois, Saint-Gobain, Vitro Packaging, Zignago Vetro and Heinz Glass.