Crystal Clear: Trends and Forecasts in the Global Glass Packaging Market
The global glass packaging market size is expected to reach USD 85.9 million by 2030, registering a CAGR of 4.5%, according to a new study by Grand View Research, Inc. Growing beer consumption, especially in parts of Eastern Europe and Asia Pacific is expected to be a key driver for the growth of the market over the next five years. In addition, the increasing preference towards use of glass in packaging of food and beverage, pharmaceuticals and cosmetics is further expected to boost the market in the near future. Pharmaceuticals along with food and beverage were the other large application segments for glass packaging and are expected to witness substantial growth over the next five years. However, the substitution of glass by plastic as a medium of packaging is expected to be a key restraint for the growth of the market. Glass Packaging Market Report Highlights Soda-lime glass dominated the market and accounted for the largest revenue share of 67.0% in 2023 a...