Gurugram, India, April 24, 2023 (GLOBE NEWSWIRE) — Driven by growing beverage consumption and increasing demand for eco-friendly packaging products, the global glass packaging market is expected to reach US$85 billion by 2028, it says Ken Research Study.

Glass packaging is a mixture of different chemical materials such as silica, boric acid, sodium oxide, aluminum oxide, sodium carbonate, calcium oxide and others. The type of glass product depends on the chemical material used in the manufacture of glass. Among all other packaging material types, glass is the only material that has received FDA “GRAS” status, generally recognized as safe. It maintains the freshness and safety of the product and is considered a tried and tested type of packaging for health, taste and the environment.
Glass packaging is widely used in food and beverage, cosmetics, pharmaceuticals, personal care products and others. Glass materials have non-porous and impermeable properties, so there is no interaction between the glass packaging and the product. Because of these properties, it is considered the most suitable packaging material for the pharmaceutical industry. Accordingly Ken Research estimates that Global glass packaging market — which grew by $65 billion in 2022 — is expected to grow to more than $85 billion by 2028.

“Ken Research shares 5 key takeaways about this high opportunity market from their latest research study”

1. The global increase in beverage consumption is one of the main reasons behind the market expansion

The global glass packaging market is anticipated to witness strong growth during the forecast period owing to the increasing consumption of beverages around the world. There is a steady demand in the beverage industry and glass bottles are the only solution used to package any kind of alcoholic or non-alcoholic beverages. The increase in beer consumption around the world is one of the main reasons behind the market expansion. Beer is one of…