Transparency Market Research delivers the key insights on the container glass market in its published report, titled “Container Glass Market: Global Industry Analysis and Opportunity Assessment, 2018–2026”. In terms of revenue, the global container glass market is estimated to expand at a CAGR of 5.0% during the forecast period, owing to numerous factors, about which TMR offers thorough insights and forecast in this report.
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The large pharmaceutical industry of the U.S. to drive the demand for container glass in the country
The U.S. is not only the largest market for pharmaceuticals and leading in terms of pharmaceutical research & development expenditure, but also one of the leading producer of pharmaceuticals in the world. As container glass is highly preferred for packaging of pharmaceuticals, the large pharmaceutical industry of the U.S. is one of the primary drivers of container glass market in the North America region. The research & development on pharmaceuticals has also led to a large variety of container glass materials and packaging solutions.
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Gradually developing demand for beverages attracting leading beverage brands to operate in the Latin America region and create a significant opportunity for the container glass market
Although the overall manufacturing sector of the Latin America region has shown almost no growth in the last few years, the beverage industry in the region is developing at a significant pace. This is due to the increasing demand for packaged beverages, alcoholic as well as non-alcoholic, among the consumers in the emerging countries of the geography. Globally, leading beverage companies such as Coca-Cola Company are making efforts to expand business in the region, in turn, creating a lucrative opportunity for the container glass market.