Cost hinders growth in global glass packaging market

According to a new report by Commodity Inside, a trend which has strongly emerged recently in the global glass packaging industry is the stiff competition from plastic packaging (rigid and flexible) and metal cans. Glass packaging has already lost a small proportion of its share in beverage and food sectors.
The most prominent cause is the high cost of production. Stakeholders in the glass packaging industry have been trying to devise ways to overcome the falling growth and dwindling margins. Reducing production costs remain the ultimate goal. One approach is to use more cullet (recycled glass) instead of virgin raw materials to save on energy usage (News Item Commodity Inside, 4 May 2016).
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