Glass Packaging Market Growing At USD 64.8 Billion By 2020: Grand View Research Inc.
San Francisco, 23 October 2019: The Report Glass Packaging Market Size & Trend Analysis By Application (Alcoholic Beverages, Beer, Food & Beverages, Pharmaceuticals), By Region, And Segment Forecasts To 2020 The global glass packaging market is expected to reach USD 68.4 billion by 2020, 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. Alcoholic Beverages were the largest consumers of glass packaging and consumed over 25,000 kilo tons of glass in 2013. Beer is expected to witness fastest growth at an estimated CAGR of 4.2% from 2014 to 2020. Pharmaceuticals along with food and beverage were the other large applicati