Glass Packaging Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The global glass packaging market was estimated at USD 75.82 billion in 2021. It is expected to register a CAGR of 4.39%, reaching USD 97.78 billion within the next five years. Glass packaging is considered one of the most trusted forms of packaging for health, taste, and environmental safety. Glass packaging, considered premium, maintains the freshness and safety of the product. This can ensure its continuous usage worldwide, across a range of end-user industries, despite the heavy competition from plastic packaging.
Key HighlightsThe global glass packaging market is highly competitive due to the strong presence of major players worldwide. The competition is also intense due to the presence of substitutes, as many companies in the industry are trying to innovate consistently to retain their market share.
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