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Global Glass Packaging Market Trajectory & Analytics Report 2020-2025

Post Time:May 26,2020Classify:Industry NewsView:945

The Glass Packaging market worldwide is projected to grow by US$17.3 Billion, driven by a compounded growth of 4.4%. Alcoholic Beverages (Excluding Beer), one of the segments analyzed and sized in this study, displays the potential to grow at over 4.9%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$28.4 Billion by the year 2025, Alcoholic Beverages (Excluding Beer) will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 3.4% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$610.2 Million to the region's size and clout in the next 5 to 6 years. Over US$501.8 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Alcoholic Beverages (Excluding Beer) will reach a market size of US$1.5 Billion by the close of the analysis period. As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 7% over the next couple of years and add approximately US$5 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.

Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Source: https://uk.finance.yahoo.com/news/Author: shangyi

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