Report on Glass Industry
It is being used for innumerable consumer products ranging from tableware to automotive glass, for lighting and construction, and most importantly as packaging material food and beverages, cosmetics, and chemicals. The ever increasing demand for container glass for both conventional as well as new and specialty products as a result of pioneering researches ensure the continued success of global container glass market. The global market for container glass is projected to grow at a CAGR of approximately 7. 9% for the period spanning 2011-2013.Glass as a packaging material is being increasingly preferred by consumers inclined towards a healthy and sustainable lifestyle. At the same time, the industry is also encouraging the use of glass packaging due to features of better shelf life, design possibilities and recyclability.
The factors driving the global container glass market include mainly the growth in beverage, cosmetics, and pharmaceutical industry. However, the development of plastic and PET containers has provided a packaging alternative thus creating a challenge for the global container glass market.The global container glass industry is dominated by Europe and the US, where the container glass category accounts for a sizeable amount of the overall glass market revenues. Both the US and European regions reported an increase in container glass revenues in 2010, in response to improving economic conditions, and rising consumer awareness about the benefits of using glass packaging. In addition, continuous efforts on the part of the governments to promote recycling of glass containers will lead to an unprecedented growth in 2