Research and Markets issued a global glass bottle Market Outlook (2019-2027) report.According to the report, the global glass packaged bottle market, which accounted for us $63.77 billion in 2019, is expected to reach US $105.44 billion in 2027, with a compound annual growth rate of 6.5% during the forecast period.Growing demand from the food, beverage and pharmaceutical packaging sectors and increased consumer demand for safe and healthy packaging materials are driving the growth of the glass bottle market.However, the use of alternatives such as plastics poses challenges to market growth.
Glass is considered the safest choice for packaging materials, especially for food and medicine.They are used to prevent contamination of food particles by any chemicals or other foreign elements.Glass and jars come in a variety of sizes, colors, and shapes.This ensures consistency of use across a range of end user industries worldwide.
In terms of applications, the pharmaceutical/health sector will see very good growth during the forecast period due to its non-toxicity and reusability, and developing countries will further expand the use of glass bottles in the pharmaceutical sector.Regionally, Europe is expected to grow profitably over the forecast period as beer consumption rises, the region’s ageing population is helping the pharmaceutical packaging market, and glass bottles will also be driven by increased consumer awareness of the health and environment of glass bottles.
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Post time: Nov-19-2020