Glass Packaging Market Growth Accelerated by Growing Demand for Recycled Glass Packaging Materials
Glass packaging materials are durable and provide good protection against hazardous chemicals, oxygen, and moisture. Glass packaging is hygienic and retains flavors of food and beverages for a long time. Growing consumer demand for premium packaged products along with increasing environmental concerns is augmenting the demand for recycled glass packaging materials. The global Glass Packaging Market is estimated to be valued at US$ 63.8 billion in 2024 and is expected to exhibit a CAGR of 3.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: Growing demand for recycled glass packaging materials: The use of recycled glass packaging materials helps reduce carbon emissions in glass manufacturing as well as minimizes waste generation. Recycled glass requires significantly less energy to produce new glass containers as compared to manufacturing glass from raw materials. Emerging technologies enable effici...