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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The global glass packaging market is segmented into various end-use industries namely alcoholic beverages (except beer), beer, food items & soft beverages, pharmaceuticals, and others. Alcoholic beverages (except beer) is the largest end-use industry segment, followed by beer. The alcoholic beverages and beer are experiencing rapid growth in Europe and Asia-Pacific regions. The wine and spirit manufacturers are widely preferring the attractive shape glass bottles for packaging. Adding to this, 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. Hence, the huge consumption of glass packaging in alcoholic beverages and beer end-use industry is fueling the growth of glass packaging market. Also, in pharmaceuticals industries, the product protection and safety are of the utmost importance. Owing to this, the inert material, namely, glass is the most ideal packaging option for the pharmaceutical industry, as glass packaging safeguards contents from oxygen ingress and cross-contamination, hence providing the ultimate protection. This in turn is coupling the growth of glass packaging over the following decade.
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