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North America Glass Containers Market: forecast to 2020

Post Time:May 18,2016Classify:Industry NewsView:468

The annual production of glass containers in North America was 13.23 MMT in 2014 and is estimated to reach 15.81 MMT by 2020 growing at a rate of 3.01%.

China Glass Network

From the demand side, the glass containers market was 12.41 billion USD in 2014 and is forecasted to reach 15.30 billion USD by 2020 at a CAGR of 3.55% for the period.

The glass container market in North America was led by United States in 2014 with a market share of around 60%. Alcoholic beverages industry lead the glass container market with around half of the market share in 2014. These products are being the preferred source of packaging over plastic containers as a result of its advantages.

Factors like growing end use industries market, sustainability, and industry trends like light weight products are driving the market while factors like fluctuations in raw material prices, logistics are hindering the growth of the market.

Glass bottles industry is a consolidated market with top companies holding the crux of the market share. The industry is striving on bringing in innovations to the products making them more eco-friendly and customer preferable. Light weighting - an important industry trend, resulted in reduction of glass bottles weight by 40% over the past decade. The industry is witnessing a lot of mergers and acquisitions, consolidation of the companies to be able to compete in the market.

For more information please visit http://www.researchandmarkets.com/publication/mkscl9c/3515910

 

Source: http://www.glassonline.com/site/news/topic/MarketsAuthor: shangyi

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