According to a new report from Visiongain, the global glass packaging market will reach a value of US$ 36.8BN in 2013. The growth is a result of emerging economies demanding more premium food, beverage, healthcare and personal care products packaged in glass. However, growth will be limited as companies face rising pressure and competition from other packaging materials trying to take market share and from producers looking to other packaging materials to cut production costs. The glass packaging market is forecast to record modest growth over the next decade, as glass as a packaging material has little room to manoeuvre in new markets and becomes synonymous with luxury and premium products. For more information please visit: www.visiongain.com
