The Global Glass Packaging Market was valued at US$ 53.61 billion in 2016, according to a new report published by Coherent Market Insights. Increasing alcoholic beverages and beer packaging end-use industry to meet the demand from ever increasing population, and the consumer and industry preference for the use of glass products to keep consumables safe is surging demand for glass packaging market. Glass packaging are made from sustainable materials such as soda, lime, silica, and others. The glass products derived from these sources are completely recyclable and can be reused to make into new products as well. The plastics bottles used for packaging are very harmful, and leads to lot of chemical interaction with the consumables. Thus, the glass bottles are the ideal packaging option for alcoholic & soft beverages and beer manufacturers, as they have the ability to keep the consumable safe, and healthy for a longer period of time. There are various types of glass used for packaging such as Type I, Type II, Type III, and Type IV glasses. Type I and Type III glass are most widely preferred for packaging in food, different beverages, and pharmaceutical end-users.
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On the basis of end-use industries, global glass packaging market is segmented into alcoholic beverages, beer, food items & soft beverages, pharmaceuticals, and others. Alcoholic beverages segment account for the largest market share, followed by beer, owing increasing inclination of population towards its consumption in Europe and Asia Pacific. The wine and spirit manufacturers are prefer attractive shape glass bottles for packaging to attract consumers, which is fueling market growth. Furthermore, the beer manufacturing companies are only relying on glass bottles due to their ability to keep the liquid safe for a longer period of time even after non-refrigeration. Therefore major use of glass packaging in alcoholic beverages and beer is fueling growth of the glass packaging market. Product protection and safety are importance in pharmaceuticals industries due to which inert material such as glass is preferred for packaging, as it safeguards contents from oxygen ingress and cross-contamination, which in turn is driving growth of the glass packaging market over the forecast period.
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