SOURCE: MarketResearch.com

MarketResearch.com

October 12, 2010 10:08 ET

Glass Packaging Market for Food & Drinks Valued at About $26 Billion in 2009

ROCKVILLE, MD--(Marketwire - October 12, 2010) -  MarketResearch.com has announced the addition of Business Insights's new report "Innovations in Glass Packaging for Food and Drinks: Premium and sustainable applications and the impact of emerging markets" to their collection of Food market reports. For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=2806021

The FDA in the US designates glass as a 'Generally Recognized as Safe' (GRAS) packaging material. The safety of glass is primarily attributed to its two features: inertness and impermeability. Glass containers offer better protection for sensitive food and drugs due to its impermeable nature.

The global glass packaging market for food and drinks was valued at about $26bn in the year ended December 2009. Asia-Pacific is the largest glass packaging market with 35.7% share by value while Europe registered a 30.7% share in this market in 2009.

Europe is the largest market with 47.3% share of all new food and drinks launched in glass packages in 2009. Asia-Pacific ranked second in order after Europe, recording 20.0% share of all NPD in food and drinks in glass packaging in 2009, an increase of 3.3 percentage points over 2006.

Among all new food and drinks launched in 2009, 15.5% were packaged in glass, a decline of 0.7 percentage points over 2006. Food products accounted for the largest share, 49.6% of all new launches made in glass packaging in 2009, an increase of 6.7 percentage points over 2006. Increasing use of glass packaging in sauces, dressings and condiments, and sweet and savory spreads contributed to the growth in share of foods with glass packaging through 2006-09.

Manufacturers of premium and delicate products still prefer ergonomically molded glass containers with sleek looks and designs that better highlights the upscale credentials of the product. Enabling technologies such as advanced narrow neck-press-blow, blow-blow technologies and internal embossing has reduced the overall weight of glass packaging. Apart from meeting sustainability norms set by the regulatory authorities, such lightweight packaging adds to the consumer's convenience, lowers their carbon footprint and reduces distribution costs for the manufacturers.

For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=2806021

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