Glass Packaging Market Trends

Drivers

• Rising Demand for Glass Packaging in the Healthcare and Cosmetic Industry

Growth in the healthcare sector and availability of cosmetic industry are also driving the global market. The design and manufacture of appropriate packaging materials is essential to confirming the safe storage, distribution and management of pharmaceutical products. Healthcare packaging is primarily made of glass. Cosmetic containers that use glass materials for high-end cosmetic packages are rapidly increasing. It further contributes to the growth of the overall market.

• Food & Beverage Industry Fosters the Growth of the Market

The beverage industry is growing rapidly, and its dominance in reducing the demand for glass packaging. Nevertheless, the liquor industry in countries like India is driving the need for manufacturing in this sector. Glass packaging is the biggest innovation in the market for the food industry. Glass is a safe material not only because it does not react with the environment or its components, but also because it does not release any harmful chemicals into storage containers.

Restraints

• Regulatory Pressure and Environmental Impact

Glass provides greater environmental benefits with its ability to be recycled indefinitely and the fact that it releases zero harmful emissions. However, plastic packaging is ideal for applications in which cost, weight, or space efficiency is a major concern. Concerns over pollution, plastic waste, and its contribution to the degradation of the environment are fueling the demand for sustainable substitutes. Moreover, the growing bans and regulations on disposable plastics are challenging the market to implement stringent standards for the environment and reduce carbon footprint.

• Higher Maintenance and Operation Costs

The costs related to development of efficient recycling technologies and complexity of recycling particular plastics is significantly high, hindering the growth of the market. Furthermore, fluctuations in raw material prices, such as petrochemicals might affect the manufacturing costs and market stability.