The global Europe glass packaging market is likely to rise prominently in the coming years on account of the increasing use of glass bottles for packaging food and beverage products. Glass packaging is considered safe for consumers and has been used for food and beverage products for a long time. A recent report by Fortune Business Insights, titled, “Europe Glass Packaging Market Size, Share Industry Analysis, By End-use Industry (Skin/Personal Care, Fragrance, Food, Beverages (Alcoholic beverages, Non-Alcoholic beverages}, Pharmaceuticals and others), and Regional Forecast, 2020-2027,” states that the value of this market was USD 19.24 billion in 2019 and will rise at a CAGR of 4.38% to reach USD 22.01 billion by the end of 2027.
The report answers the following questions:
- What is the competitive nature of this market?
- Who are the key players of the market for Europe glass packaging and what are their key strategies?
- Which are the key end-users present in the market?
- What are the major industry developments of this market?
Segmentation-
Beverages Segment to Cover Largest Share in the Coming Years
With respect to segmentation by end-use industries, the beverage segment earned 73.18% Europe glass packaging market share in 2019 and emerged dominant. The beer industry holds the major share, contributing to maximum shares in the beverage sector. Food industry, on the other hand, holds the second largest share.
Drivers Restraints-
Growing Popularity of Bottled Beverages to Add Impetus to Market
The increasing demand for glass packaging from the food and beverage sector is a key factor boosting the Europe glass packaging market growth. Most of the alcoholic and non-alcoholic beverages such as milk, beer, sauces, juices, and others are packed in glass containers and bottles as glass helps to maintain the authenticity of the product stored in it without disrupting the taste or smell, Additionally, the increasing awareness about health and fitness and the rising inclination of people towards healthy food and drinks are expected to aid in the expansion of the market in the coming years.
Information Source:
https://www.fortunebusinessinsights.com/europe-glass-packaging-market-103472
