Glass packaging is used for many alcoholic as well as non-alcoholic beverages as they preserve the freshness, taste and aroma along while ensuring quality. The market exhibits promising future trends due to high consumer acceptance levels. Most of the consumers favor glass to protect the taste of beverages. U.S. and Canada are among the top leading counties in terms of alcohol consumption per capita. According to World Bank, U.S. accounted for 9.8 liters of pure alcohol consumption per capita whereas Canada accounted for 8.9 liters of pure alcohol consumption per capita in 2016. Key North America glass packaging market participants includes Gallo Glass Company, Ardagh Group, Saint Gobain, Owens-Illinois, etc.
Request for a sample of this report @ https://www.graphicalresearch.com/request/1212/sample
The increasing popularity of craft beer coupled with rising demand of other beverages are likely to trigger the glass packaging market in upcoming years. According to the Graphical Research new growth forecast report titled North America Glass Packaging Market By Application (Alcoholic Beverages, Beer, Food & Beverages, Pharmaceuticals), By Product (Borosilicate, De-alkalized Soda Lime, Soda Lime), Industry Analysis Report, Regional Outlook (U.S., Canada), Growth Potential, Competitive Market Share & Forecast Estimated to surpass USD 8.0 billion by 2024.
Growing ageing population and rising number of acute and chronic diseases will generate the demand for pharmaceutical products. Glass packaging is the perfect fit for pharmaceutical industry as they offer superior chemical resistance to medicines and restrict the entry of air and moisture. Additionally, they can get easily sterilized by application of heat. High investments in research & development and supportive government spending will positively influence the pharmaceutical sector. This in turn will spur the growth of market in near future.
Soda lime glass is commonly used glass packaging and will capture majority of market share during the forecast period owing to large number of applications in the production of jars and beverages for foods and beverages. Borosilicate glass will grow at a CAGR more than 2.5% between 2019 and 2024 due to high demand from pharmaceutical industry.
Alcoholic beverages will capture over 10% of volume share and will register CAGR more than 4.0% by 2024. High spending propensity and lifestyle trends will surge the demand of alcoholic beverages in North America. This will catapult the market between 2019 to 2024. Food and beverages sector will grow over 2,000 kilo tons of glass packaging production at the end of forecast period.
Table of Content
Chapter 1. Methodology & Scope
- Market scope & definitions
- Research methodology
Chapter 2. Executive Summary
Chapter 3. Industry Insights
- Industry segmentation
- Industry ecosystem analysis
- Industry impact forces
- Growth drivers
- Growth restraints
- Regulatory overview
- Porter’s analysis
- PESTEL analysis
- Competitive landscape
Browse key industry insights from this Report along with TOC@ https://www.graphicalresearch.com/table-of-content/1212/north-america-glass-packaging-market
Segments Covered in this Report:
North America Glass Packaging Market Size by Product
- De-alkalized soda lime
- Soda lime
North America Glass Packaging Market Value by Application
- Alcoholic Beverages
- Food & Beverages
Browse key industry insights along with Full TOC @ https://www.graphicalresearch.com/table-of-content/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.