Want a bigger picture? Try a FREE sample of this report now!
See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.
Overview of the global RGP market
The global RGP market is anticipated to grow at a steady rate and will post a CAGR of more than 4% during the forecast period. The increasing demand for several beverage items will drive the growth prospects for the global retail glass packaging market in the forthcoming years. According to the industry research report, the market share of the carbonated soft drinks (CSD) segment is declining with the increasing demand for other types of drinks, especially the dairy segment. Some of the major factors responsible for the growing consumption of dairy beverages such as condensed milk, buttermilk, casein, homogenized milk, yogurt, and frozen dihydrogen monoxide creams include the growing rate of urbanization and high levels of disposable income. However, the packaging product manufacturers are constantly making profits by making necessary changes in the packaging formats with the changing shift from CSD to dairy beverages. Furthermore, the packaged water segment is also witnessing a growth since 2015 and will continue to grow in the future as seen in single-serve PET water bottles, driving the retail glass packaging market size.
The growing demand for premium alcoholic beverages will drive the growth prospects for the global retail glass packaging market for the next four years. Some of the major factors responsible for growing demand for premium alcoholic beverages is the rising disposable income, rising consumption of alcohol as a status symbol, and the association of premium labels with beverage quality and taste.
Competitive landscape and key vendors
The global retail glass packaging market is highly competitive and diversified due to the presence of a large number of big and small firms, local and regional vendors across the globe. It has been observed that several regional vendors provide highly customized products at lower prices in comparison to international vendors. However, they find it difficult to compete with international vendors in terms of features, quality, and services.
Key vendors in this market are -
- Amcor
- Ardagh
- Gerresheimer
- Owens-Illinois
- Verallia
Other prominent vendors in the market include Anchor Glass Container, CONSOL, Orora Packaging Australia, Piramal Glass, Vetropack Holding, Vidrala, Vitro, and Wiegand-Glas.
Get more value with Technavio’s INSIGHTS subscription platform! Gain easy access to all of Technavio’s reports, along with on-demand services. Try the demo
Segmentation by application and analysis of the RGP market
- Alcoholic beverages glass packaging
- Non-alcoholic beverages glass packaging
- Food glass packaging
- Personal care glass packaging
According to the retail glass packaging industry analysis, the alcoholic beverages glass packaging segment accounted for the maximum market share during 2016 and will continue to dominate the market for the next few years. Some of the major factors responsible for the market segment’s growth is the favorable economic conditions, environmental conditions, and the changing consumer’s behavior such as the increasing preference for fast food that necessitates the use of special types of packaging.
Segmentation by geography and analysis of the RGP market
According to the retail glass packaging market research report, EMEA accounted for the maximum market share in terms of revenue during 2016 and will continue to dominate the market until the end of 2021. Some of the countries that majorly contribute towards this growth include the UK, France, and Germany. Furthermore, the increased demand for food and beverage items, alcoholic beverages, and cosmetics will further drive the market’s growth during the forecasted period.
Want to dial in on a specific region or segment? We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global retail glass packaging (RGP) market?
- What are the key market trends impacting the growth of the global retail glass packaging (RGP) market?
- What are the challenges to market growth?
- Who are the key vendors in the global retail glass packaging (RGP) market?
- What are the market opportunities and threats faced by the vendors in the global retail glass packaging (RGP) market?
- What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
- What are the key outcomes of the five forces analysis of the global retail glass packaging (RGP) market?
Technavio also offers customization on reports based on specific client requirement.
Related reports: