Container Glass Market is expected to expand at a CAGR of 3.7% from 2021 to 2028
Container Glass Industry Overview The global container glass market size was valued at USD 61.3 billion in 2020 and is anticipated to expand at a compounded annual growth rate (CAGR) of 3.7% from 2021 to 2028. The market growth is expected to be driven by the increasing consumption of beverages and the growing demand for vials and ampoules in the pharmaceutical industry. Moreover, the growing demand for premium packaging in the food processing industry is further accelerating market growth. The container glass market experienced a slight hindrance in its growth in 2020 owing to the outbreak of the Coronavirus pandemic. The shortage of raw material, transportation restrictions, and shut down of industries hampered the production of glass containers in 2020 which resulted in the tight supply of container glass in the end-user industries. However, high demand for container glass from the food and beverage and pharmaceutical industry resulted in remarkable resilie...