Visiongain, one of the growing independent business intelligence companies in Europe, has published a report on the global glass packaging market. According to the report, the glass packaging market is expected to reach $34.8 billion in 2012.
The report includes comprehensive study on glass packaging and its applications, strengths, weakness, opportunities and threats (SWOT) analysis; forecasts of the market from 2012 to 2022; and opinions from experts in the glass packaging market. In addition, the report includes assessment of the political, economical, sociological and technological (PEST) developments that influence the market growth.
Regions grouped as Columbia, Indonesia, Vietnam, Egypt, Turkey (CIVET) and Brazil, Russia, India and China (BRIC) are showing a rapid boost in disposable income, which in turn increases consumer spending in food and beverage and cosmetics. In addition, changing demographics is expected to impact the global glass packaging sector in terms of design and consuming habits. Nevertheless, the glass packaging market suffers from competition of paper and plastic packaging. The superior glass image and its natural properties have to allow glass to maintain market share in premium product segment.
The market analysis suggests that new technologies and production techniques will considerably enhance the competitiveness of glass material in the packaging industry. New light-weight glass and tempered glass are major innovations in the industry. Other factors that contribute to the growth of the glass packaging industry include increasing alcoholic beverage consumption; population ageing as well as the increasing importance of recyclable eco-friendly material and food and safety issues.
Source: http://www.visiongain.com/