VALLEY COTTAGE, N.Y., Sept. 06, 2018 (GLOBE NEWSWIRE) -- Compared to plastic bottles, glass bottles demonstrate diminutive competency with respect to their characteristics as a packaging commodity. Despite this, the global demand for glass bottles continues to surge like the effervescence of carbonated drinks. Consumers in developed markets such as Europe still prefer buying beer, wine or non-alcoholic beverages in glass bottles. Unlike plastic bottles, glass bottles continue to be identified for their characteristic advantage in terms of hygiene, aesthetic appeal, durability, and being impermeable.
Manufacturers of food and beverage products are actively adopting glass bottles as their packaging solutions, considering how these bottles can keep the item intact and also retain its true flavour over a long time period. Being diffusion-resistant, glass bottles have also been viewed as vital containers for storing volatile compounds, highly-reactive detergents and bleaching agents. Such products are predominantly used by consumers in the form of pharmaceuticals, domestic surfactants, and cosmetic goods.
According to Future Market Insights, the demand for glass bottles will soar steadily over the next five years. By 2022, the global glass bottles market is anticipated to have reached a value of US$ 71 billion, reflecting a CAGR of 4.9%. The report also projects that Asia-Pacific excluding Japan (APEJ) will remain at the forefront of market expansion during the forecast period.