European Glass Bottle Market To Grow To $ 21 Billion By 2024

European Glass Bottle Market To Grow To $ 21 Billion By 2024

Date:Jan 14, 2020

It is expected that by 2024, the consumption of beer and other alcoholic beverages in the European region will positively affect the size of the glass packaging bottle market. The beer industry is one of the key industries driving European economic development. The production and sale of beer generates about $ 60 billion in revenue for the government each year. In addition, Europe is one of the world's well-known beer producers and ranks second globally.

In Europe, about 44% of alcohol is consumed as beer, while the rest is consumed as wine and spirits. As the product has a wide range of applications in beer and other alcoholic beverages, the European glass packaging bottle market is expected to increase in size over the forecast period.

According to a new forecast report from Graphical Research, the European glass packaging bottle market size will increase to $ 21 billion by 2024.

The major players in the European glass bottle market include Honeywell International, Amcor, MTS Medical Technology, Sonoco, Bemis, Reynolds Packaging, WestPa, etc.

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