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Latin America Glass Bottles and Containers Market Growing Demand, Supply and Revenue 2020 to 2025

Post Time:May 29,2020Classify:Industry NewsView:939

The report presents an in-depth assessment of the Latin America Glass Bottles and Containers including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Latin America Glass Bottles and Containers investments from 2020 till 2025. 

 

The glass bottles and containers in Latin America was estimated at USD 4785.59 million in 2019, and is expected to reach USD 5763.5 million, witnessing growth at a projected CAGR of 3.1% over the forecast period 2020-2025.

  

The Latin America Glass Bottles and Containers market is highly competitive and consists of a number of major players. Companies, like Vitro, S.A.B. de CV, Cattorini Hnos SA, Wheaton Brasil Group, Orora Limited, Saverglass SAS, Owens-illinois Inc., Ardagh Group S.A., Verallia SA, Gerresheimer AG among others.

 

Scope of the Report

The Latin America glass bottles and containers market are growing have been attracted from foreign glass bottle makers and other companies, owing to the factors like rich natural resources, low-cost labor, and increasing consumer expenditure. Apart from cosmetics and carbonated drinks, the region also has registered an upsurge in alcoholic beverages. Beer is the highly demanded alcoholic beverage in the regions, such as Columbia, Mexico (including Caribbean), and Argentina.

 

Latest news and developments:

February 27, 2019: Vitro, S.A.B. de C.V. (BMV: VITROA), hereinafter "Vitro" or the "Company", the leading glass producer in North America, announced that the Board of Directors approved the investment of USD$60 million in new technologies. The Executive Team will be working over the next 18 months to implement these investments according to the Board's guidelines. The investments will be focused on North America to reinforce Vitro's market leadership in automotive glass, supplying both original equipment manufacturers and aftermarket customers.

 

Key Market Trends:

Milk and other Dairy Products to Hold a Significant Share 

-Latin America's dairy market is one of the fastest growing markets in the world. While wider prosperity has helped shift demand from glass to rigid plastic and metal, demand for value added packaging like reusable glass is still high. Refillable glass bottles have long made beverages, like milk more affordable for consumers in this region.

 

-Amcor has developed glass-look-a-like clear polyethylene terephthalate (PET) bottles to address the growing demand for transparent dairy packaging in Latin America. To protect the contents, the container includes a 38-mm finish and an ultraviolet (UV) blocker.

 

-The production of fluid milk is increasing in Mexico. According to the US Department of Agriculture, in Mexico, production of fluid milk increased by 12% during 2010-2019. Glass bottles are mainly used for packaging of milk as it preserve the flavor of dairy products, such as milk, much longer than other types of packaging. This is because glass is less likely to allow contents to mix with air or other possible chemicals.

 

-Large number of firms in Mexico has increased the shelf-life of pasteurized fresh milk from 7 days to 15 days. This is achieved by incorporating silver-based microparticles with antimicrobial, bactericidal, and self-sterilizing properties into the plastic bottles that are used for packaging milk.

Source: https://www.openpr.com/Author: shangyi

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