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The global market report on the glass packaging market includes a proper study of how various dynamics are impacting the industry to move forward. The increasing demand for eco-friendly packaging, growing inclusion of it in the beverage and pharmaceutical industry, its feature like zero chemical leaching, and non-reactive nature are expected to play in favor of the market growth. Market Research Future (MRFR) predicted that the market has a chance to surpass USD 66,000 mn during the forecast period of 2021 to 2028. However, the durability of glass packaging may hinder the plans regarding the expansion of the glass packaging market.
North America and Europe would bolster their regional glass packaging markets with advanced technologies and research & development results. The Asia Pacific market would gain from the pressure piled on by the massive population.
The globalGlass Packaging Markethas been studied on the basis of a segmentation that includes products and applications. MRFR analysts have reviewed all these changes to understand dynamics that can impact the market outcome.
By product, the global glass packaging market has been studied on the basis of standard glass quality, premium glass quality, and super-premium glass quality.
By application, the study of the glass packaging market includes segments like beverage packaging, food packaging, personal care packaging, pharmaceutical packaging, and others. The pharmaceutical packaging segment is gaining substantial traction due to the growing demand for vials and other types of packaging for medicines. The beverage segment is also creating a huge scope for the glass packaging market to expand.
In September 2020, the Government of Nigeria announced the ban on alcohol sales using the packaging of polyethylene terephthalate (PET or PETE) and glass bottles. The National Agency for Food and Drug Administration and Control (NAFDAC) recently revealed a document on alcohol consumption in sachet and how it is endangering the lives of normal people. The decision from the government came just two days after the publication of the report and this highlights how people are consuming unregistered products. The main intent is to safeguard the interests of the Nigerian people who are often consuming liquors without knowing the impact it can have on their bodies.
In September 2020, Lumson, an Italian-based primary packaging provider for the skincare and make-up sector, declared the launching of two new glass bottles for foundations. They have named these glass bottles I-Conic and Marylin, respectively. The design is sophisticated and contemporary and will be available in 30mL format. Lumson has paid special attention to its design to highlight the formulation inside the bottle. I-Conic is expected to generate traction for its slender and conical lines, with a thick base and rounded corners. Marylin has an oval shape and would highlight the color of the substance inside.
During the COVID-19 crisis, various sectors, from food & beverage to healthcare, inspired a substantial demand forpharmaceutical glass packaging initiative, owing to which the market stands to benefit significantly in the coming years.