LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global glass packaging market report. This research report also lists 13 other prominent vendors that are expected to impact the market during the forecast period.
The global glass packaging market is expected to witness a substantial growth rate during the forecast period. This is mainly due to the increase in demand from the different end-user segments, such as craft beers, wine, luxury goods, packed food, carbonated soft drinks, pharmaceutical products, and laboratory chemicals. Moreover, the eco-friendly production of glass is also one of the major drivers for the growth of the global glass packaging market.
Competitive vendor landscape
The global glass packaging market is highly competitive because of the presence of a large number of big and small firms in the glass packaging industry. Domestic and regional players have started providing glass packaging with a high degree of customized solutions at lower prices than that of multinational companies.
“As the global glass packaging market is growing at a considerable growth rate, several new vendors are also emerging in the market. However, they find it difficult to compete with the established vendors in the market in terms of service, quality, and features of the products offerings,” says Sharan Raj, a lead packaging research analyst from Technavio.
Vendors in the global glass packaging market compete on the basis of volume, price, capacity, technological innovations, and product quality. Moreover, vendors in the glass packaging industry are expanding their businesses by launching innovative products and establishing new manufacturing facilities.
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Top five glass packaging market vendors
Ardagh Group
Ardagh Group deals in packaging solutions. It supplies glass and metal packaging mainly to the food and beverage industry. The company's products are used to package fruits and vegetables, wines and spirits, beer, soups and sauces, and seafood. The company operates in 22 countries and has established 109 manufacturing facilities worldwide.
DuPont
DuPont, through its electronics and communications segment, provides semiconductor fabrication and packaging materials. It offers a portfolio of materials for semiconductor fabrication and packaging, besides innovative materials for circuit applications to address the requirements of electronic components and device manufacturers.
Gerresheimer
Gerresheimer manufactures and markets specialty glass and plastic products, mainly for healthcare and pharma industries. The comprehensive product portfolio of the company includes pharmaceutical packaging and products for the safe and simple administration of medicines; inhalers, insulin pens, prefilled syringes, ampoules, injection vials, bottles and containers for solid and liquid medicines with safety and closure systems, as well as packaging for the cosmetics industry.
Orora
Orora packaging was listed in the Australian Securities Exchange in 2013. Orora has its operations in seven countries. The company has 40 manufacturing plants and 87 distribution sites employing around 6,200 employees.
Owens-Illinois
Owens-Illinois is a prominent glass container manufacturer. As of December 2016, the company had 79 glass manufacturing plants across 23 countries with approximately 27,000 employees. The company posted annual net sales of USD 6.70 billion in 2016.
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