The Size Of The European Glass Packaging Bottle Market Will Hit $ 21 Billion From 2019 To 2024

The Size Of The European Glass Packaging Bottle Market Will Hit $ 21 Billion From 2019 To 2024

Date:May 09, 2020

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

It is expected that by 2024, the increase in the consumption of beer and other alcoholic beverages in Europe will have a positive impact on the market size of glass packaging bottles. The beer industry is one of the important industries in Europe and plays an important role in promoting the development of European economy. The production and sale of beer brings about $ 60 billion in revenue to the government each year. In addition, Europe is one of the largest beer producers in the world, ranking second in the world. In Europe, about 44% of alcohol is consumed in the form of beer, and the rest is consumed in the form of wine and spirits. Since glass bottles are mainly used in beer and other alcoholic beverages, the growing consumption of alcoholic beverages in the region is expected to increase the size of the European glass bottle market.

The glass packaging bottle market is subdivided into soda lime glass, soda lime glass and borosilicate by product type. Borosilicate accounts for approximately 25% of the overall business scale. Borosilicate glass is generally used for packaging of medicines and medicines. There are several other uses, including cookware, ovens and microwaves, telescopes, semiconductors, etc. On the other hand, glass packaging products are widely used in many industries, including medicine, food and beverage, beer and alcoholic beverages. Glass containers are mainly used in the pharmaceutical industry due to their various properties. The material of the glass packaging bottle is easy to sterilize and has good chemical inertness, so it will not react with the contents of the bottle and is generally impervious to water. Various pharmaceutical companies also invest in glass-based packaging bottles around the world. For example, Merck and Pfizer announced a partnership with glass manufacturing company Corning to provide innovative solutions for drugs and cartridges.

The major European glass bottle companies include: Honeywell International, Amcor Co., Ltd., MTS Medical Technology, Sonoco, Bemis, Reynolds Packaging, Westpack, etc.

European glass packaging bottle market by product:

Borosilicate

Alkali glass

Soda lime glass

European glass packaging bottle market by application:

Alcoholic beverages (excluding beer)

  beer

  food and drinks

Medicine

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