European glass packaging market 2018-2022
According to a new report by Technavio, the glass packaging market in Europe will grow at a CAGR of over 2% during the forecast period 2018-2022. The compatibility of glass as packaging material is one of the main drivers. Concern about the environment is another driver.
The beverages industry segment held the largest market share in 2017, accounting for nearly 63%. The market share for this end-user is expected to decrease nearly 3% by 2022. The fastest growing end-user is food industry, which will account for nearly 18% of the total market share by 2022. Key players in the market include Ardagh, O-I, Verallia, Vetropack and Vidrala (Press Release Technavio, 14 May 2018).
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