Glass containers are the most preferred containers for storing beverages, food, and pharmaceutical drugs as they minimize the possibility of leaching of harmful chemicals. Glass is a high recyclable material and possesses characteristics that make it a highly desired packaging material. Recycling of glass saves many natural resources. It also reduces carbon dioxide emissions. The ability of glass containers to preserve the strength, aroma, and flavor of products makes them a favorable option for packaging food and beverages.
Glass stays chemically pure on contact with many substances. This makes it preferable for use in food and beverage packaging. Glass containers do not fade, strain, or deteriorate products inside. They keep products safe for long durations. Due to these properties, glass containers are widely preferred substitutes to plastic or metal containers for sustainable packaging.
The alcoholic beverages industry is a significant end-user of the global glass container market due to manufacturers’ preference for selling alcoholic beverages in glass bottles. Glass is a versatile container that maintains the original taste of any drink without changing its quality. Glass containers are available in different colors, sizes, and shapes according to the existing demand. Glass container manufacturers are undergoing significant changes to be more sustainable and increase customer preference for their products. The light weight of glass helps in reducing the cost of logistics. Other drivers influencing the market include rise in demand for healthy and organic food products and increase in emphasis on using eco-friendly recyclable materials.
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The global glass container market can be segmented based on product, material, end-use, sales channel, and geography. In terms of product, the market can be classified into glass bottles, glass jars, glass vials, and candle glass containers. Glass bottles are the most sought-after glass containers for beverages and other fluids. Glass bottles are extensively used as containers in the food and beverage industry to store liquids such as wines and sodas. Glass bottles are also a preferred form of packaging among manufacturers of pharmaceuticals. Based on material, the market can be divided into clear glass, amber glass, and green glass. In terms of end-use, the market can be categorized into cosmetics & perfumes, pharmaceuticals, food packaging, beverage packaging, and other products. Based on sales channel, the glass container market can be bifurcated into online and offline channel. In terms of geography, the market can be classified into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
Europe is a significant region of the glass container market. The region is expected to maintain its dominant position in the near future due to expansion in the alcoholic beverage industry. Countries such as Germany and France constitute a major share of the market in Europe. This is because glass containers are extensively used in beverage packaging applications in the countries. Germany is the most populated country in Europe and accounts for a prominent share of the health care and homecare products. This is a key factor driving the glass container market in the region. Demand for glass containers in France is anticipated to increase due to an increase in demand for wine and other food and beverages produced in the country.
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The glass container market is estimated to welcome new entrants in the coming years, owing to rise in consumer preference for environment friendly products. Multinationals and other established players in the market are likely to focus on expansion in the near future. Key players operating in the glass container market include AGI Glaspac, Saverglass Group, Ardagh Packaging Group PLC, Owens-Illinois Inc., Verallia, Vidrala SA, Amcor Limited, BA Glass, Nampak Ltd., Wiegand-Glass, VITRO, Carib Glassworks Ltd, Gerresheimer AG, Hindustan National Glass & Industries Ltd, Nampak Ltd, Amcor Ltd, Toyo Glass Co. Ltd, Consol Glass, and Piramal Glass.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
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The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
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