Glass Packaging Is Fastest Growing Segment Fueling The Growth Of Glass Packaging Market
The global Glass Packaging Market is estimated to be valued at US$ 63.8 Billion in 2023 and is expected to exhibit a CAGR of 3.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Glass packaging products serve as great barrier packaging materials against moisture, oxygen, aroma, and light. Glass packaging is suitable for packaging medicinal products, food and beverages as glass doesn't react with the content and is highly reusable. Market Key Trends: One of the key trends driving the glass packaging market growth is surge in demand for glass packaging from the premium beverage industry. Premium and high-end alcoholic and non-alcoholic beverages demand innovative glass packaging solutions to appeal customers. Premium brands rely on unique glass packaging designs and finishes such as embossing, debossing and labeling to attract customers on shelves. This trend is fueling demand for specialized ...