Glass Packaging Market Regional Analysis

As per the glass packaging market outlook, the Asia-Pacific region held a considerable share of the market in the previous years and will continue dominance in future owing to speedy economic growth and increasing population. Countries such as India and China have witnessed major growth in urbanization and economic development, which expanded the demand for packaged products. Moreover, the ever-increasing population is fueling increased consumption of packaged goods in different sectors like personal care, food and beverages, and healthcare. The key players operating in Asia-Pacific include Berry Global Inc., Amcor Group GmbH, Silgan Holdings Inc., Alpla Werke Alwin Lehner GmbH & Co KG, and Sonoco Products Company among others.

North America is expected to be the fastest-growing region due to advanced infrastructure and heavy adoption of innovative technologies. The North America region in the glass packaging market is anticipated to grow at 4.1% over the forecast period attributed to advance primary, secondary, and tertiary-care healthcare facilities. Furthermore, the well-developed government funding, reimbursement system and rising health consciousness have contributed to integrating sensors into medical devices. Moreover, the region is a center for modernization and technological improvements in packaging, comprising creation of smart packaging, sustainable materials, and enhanced manufacturing processes, driving the glass packaging market growth.