Global Glass Packaging Market to be Driven by the Rising Consumption of Alcohol in Emerging Economies in the Forecast Period of 2021-2026.
M2 PRESSWIRE-July 30, 2021-IMARC (Expert Market Research): Global Glass Packaging Market to be Driven by the Rising Consumption of Alcohol in Emerging Economies in the Forecast Period of 2021-2026
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The new report by Expert Market Research titled, 'Global Glass Packaging Market Report and Forecast 2021-2026', gives an in-depth analysis of the global glass packaging market, assessing the market based on its segments like application, type, product, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.
Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.
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The key highlights of the report include:
Market Overview (2016-2026)
Forecast CAGR (2021-2026): 4.0%
The growing eco-consciousness of consumers is driving the growth of the glass packaging industry, as glass packaging is a reusable and environmentally friendly alternative to plastic packaging. Consumers' changing lifestyles and disposable incomes are expected to propel the industry forward. The increasing consumption of alcohol in emerging economies is helping the industry. The rising premiumisation of alcoholic drinks, as well as the consumption of creative alcoholic beverages such as craft beer, are expected to boost consumer growth in Western markets.
India's, North America's, and the Middle East's burgeoning pharmaceutical industries are propelling the market forward. Because of its ability to keep products sterile and contamination-free, glass packaging is widely used in the pharmaceutical industry. The growing personal care industry is also fueling market expansion. The industry is being boosted even further by the rising branded generics market. The industry is expected to expand further in the coming years as major industry players optimise and invest in making their manufacturing processes more competitive and cost-effective.
Industry Definition and Major Segments
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