Glass Packaging in Europe Market to Exceed Valuation Worth $21 bn by 2024

Graphical Research has reported the addition of the “Glass Packaging Market: Europe Industry Analysis and Opportunity Assessment 2019 - 2024" report to their offering.

India - August 8, 2019 /MarketersMedia/ —

According to the Graphical Research new growth forecast report titled Europe Glass Packaging Market By Application (Alcoholic Beverages, Beer, Food & Beverages, Pharmaceuticals, Others), By Product (Borosilicate, De-alkalized Soda Lime, Soda Lime), Industry Analysis Report, Regional Outlook (Germany, UK, France, Spain and Italy) size to rise at USD 21 billion by 2024

Increasing beer and other alcoholic beverages consumption in the region is anticipated to positively influence glass packaging market size by 2024. Beer industry is one of the most crucial sectors of Europe which is responsible for driving European economy. Production as well as sales of beer generates around USD 60 billion annually for the government. Furthermore, Europe is among world’s top beer producer and ranks second globally. In Europe, around 44% of alcohol is consumed in the form of beer and rest in the form of wine and spirits. As the product has major application in beer and other alcoholic beverages, increasing consumption in the region is expected to uplift the Europe glass packaging market size in the forecast spell.

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Glass packaging market is segmented on the basis of product types as de-alkalized soda lime glass, soda lime glass and borosilicate. Borosilicate accounted for approximately 25% of the overall business size. Borosilicate glasses are generally used in packaging of drugs and medicines. The product has several other applications including cookware, oven & microwave, telescopes, semiconductors, etc. On the other hand, glass packaged products has applications in ample number of sectors including pharmaceuticals, food & beverages, beer and alcoholic beverages. Glass containers are primarily used in pharmaceutical industry owing to various properties offered by glass. Glass based packaging materials are easy to sterilize, chemically inert and therefore do not react with the content and are generally impermeable with water. Various pharmaceutical companies are also investing in glass-based packaging worldwide. For instance, Merck and Pfizer announced collaboration with glass manufacturing company Corning to offer innovative solutions for drugs and cartridges.

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Key Europe Glass packaging market participants includes Honeywell International, Inc., Amcor Ltd, MTS Medication Technologies, Sonoco Products Company, Bemis Company, Inc., Reynolds Packaging, WestPack, etc.

Europe Glass Packaging Market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2013 to 2024, for the following segments:

Segments Covered in this Report:

Europe Glass Packaging Market Share, By Product
Borosilicate
De-alkalized soda lime glass
Soda lime glass

Europe Glass Packaging Market Trend, By Application
Alcoholic beverages (excluding beer)
Beer
Food & beverages
Pharmaceuticals

Browse key industry insights from this Report @ https://www.graphicalresearch.com/industry-insights/1219/europe-glass-packaging-market

Related Report:

Asia Pacific Glass Packaging Market : https://www.graphicalresearch.com/industry-insights/1217/asia-pacific-glass-packaging-market

North America Glass Packaging Market : https://www.graphicalresearch.com/industry-insights/1212/north-america-glass-packaging-market

About Graphical Research:

Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.

Contact Info:
Name: Parikhit B.
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Organization: Graphical Research
Website: https://www.graphicalresearch.com/industry-insights/1219/europe-glass-packaging-market

Source URL: https://marketersmedia.com/glass-packaging-in-europe-market-to-exceed-valuation-worth-21-bn-by-2024/88905619

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Release ID: 88905619