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Container Glass Market Size, Growth, Trends, Production, Consumption, Revenue and Forecast 2020 to 2027

Post Time:Sep 23,2020Classify:Industry NewsView:944

Sep 22, 2020 (Profound via COMTEX) -- The global container glass market size was valued at US$ 52,780.1 Mn in 2019 and is projected to expand at a CAGR of 5.7%, during the forecast period (2020-2027).

Container glass is a kind of glass that is used in the production of bottles, bowls, and jars. Furthermore, the product possesses lesser amount of magnesium oxide amp; sodium oxide as compared to flat glass. It comprises of large proportion of aluminum oxide, silica, and calcium oxide. Additionally, the product is used for storing food amp; beverages.

The use of the glass containers to store beverages or drinks has been the part of tradition of many aristocratic families and royal families since ancient times/period. It has also been used for storing beverages and serving the guests in many eastern amp; western cultures since past many decades.

The growth of the market over the forecast timeline is attributed to huge consumption of alcoholic beverages such as beer, vodka, and red wine across the globe. In addition to this, rise in the demand for environment friendly products will further drive the industry landscape over the coming years. Consumers prefer container glass more over plastic containers as the latter contributes majorly towards environmental degradation. Apparently, container glass is light in weight and finds strong use for storing cold drinks and hot drinks as well as sodas amp; wines.

Furthermore, new designed glass containers to increase the visual appeal of the product will amplify the market growth over the forthcoming years. The low production cost of these materials have enhanced the popularity amp; utility of glass containers across the globe.

Key players profiled in the report include Becton, Dickinson and Company, Saverglass SAS, Ardagh Group, Piramal Glass Limited, Gerresheimer AG, Owens-Illinois, Inc., Beatson Clark Ltd., Adelphi Healthcare Packaging, Hindusthan National Glass amp; Industries Limited, Stevanato Group, Nipro Corporation, Schott AG, Vidrala S.A., Vitro, S.A.B. de C.V., Nampak Ltd., Consol Glass (Pty) Ltd., BA Glass, Wiegand-Glas GmbH, and AGI Glasspack Limited.

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

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