However, the analyst company predicts that growth in the glass packaging market will be limited as companies face rising amounts of pressure and competition from other packaging materials trying to take market share and from producers looking to other packaging materials in order to cut down production costs.
The glass packaging market is therefore forecast by Visiongain to record modest continuous 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.
The visiongain report, Global Glass Packaging Market 2012-2022, notes: “Glass packaging is and will remain a key material for packaging, but it will lose out to flexible plastic packaging over the next 10 years.
“This loss in the glass packaging market share will only affect the lower-tier products that glass currently packages and will act to enforce glass as the packaging material of choice for any product wishing to portray an image of luxury or natural qualities.”
