A Strategic Outlook for the Global Glass Packaging Market to 2026£1,695.00
The global glass packaging market has been passing through a difficult time. On one side it has been cannibalised by alternative packaging materials such as plastic and metal; while on the other side some of its attributes such as convenience and high costs restraining its growth in the mass container market. Commodity Inside expects that glass packaging will forgo a small proportion of its market share to its competitors over the next ten years. We have seen a number of glass packaging producers closing their facilities due to high capital required for their operations to be competitive. Moreover, some multinational companies ceased their operations due to stiff competition from local players, for instance Owens-Illinois (O-I) wind up a significant proportion of its production capacity in the Chinese market.
Commodity Inside expects that cost cutting strategy will remain a norm in the glass packaging industry. Producers in the mass container market will continue to sell on low margins to maintain their volumes elevated, which will be a very unsustainable strategy resulting market distortions and further reductions in profits. Commodity Inside expects that producers of premium, super premium and prestige containers products -particularly for beverage and personal care markets- will continue to command relatively higher margins. However, their products also need to be innovative, cost effective and adopt the changing market dynamics.
Besides downside risks and ongoing tough conditions in the glass packaging market, a number of expansion plans are lined up and new facilities are expected to come online in various regions. We have identified a number of regions and countries where there are still huge potential for growth through Greenfield, Brownfield or M&A.
The Global Healthcare Packaging Market out to 2026£1,695.00
Healthcare packaging market, an essential, though a very small component of the healthcare industry, has directly been affecting through changes in healthcare systems as well as evolving demographics. Every country wants to improve its healthcare system to meet demand pressures. On average 10% of the Gross Domestic Product (GDP) in the world was spent on the health sector in 2013. Health spending increased faster than economic growth across OECD countries over the past 20 years. Given the rise in population, urbanisation, aging population and increase in the healthcare spending, demand for healthcare products has been on the rise and so the demand for healthcare packaging.
Global demand for healthcare packaging materials reached $65.8 billion in 2015, which showed year-on-year growth of 5.6%. The growth was mainly driven by Asia while other regions have also registered notable growths and remained supportive in driving the global demand.
Commodity Inside anticipates that global demand for healthcare packaging will increase at a CAGR of 5.3% over the next decade. Demand for healthcare products as well as developments in medical practices will determine the growth of the market. In addition, demographics changes, macroeconomic indicators, growth in emerging markets, new regulations and changes in the healthcare sector will play a pivotal role in determining the global healthcare packaging market.