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After the earliest known creation of manmade glass, estimated to date back to 4000BC according to archeologists, it was around 1500BC that first hollow glass containers were made by covering sand core with a layer of molten glass. Since first century BC glass containers were commonly being made by blowing glass, a technology closely guarded by Romans. It was only after disintegration of the Roman Empire that the technology spread to Europe and the Middle East. Through constant research and development over the past centuries glass proved to be a material having unparalleled property of preservation of organic products and gave scope to satisfy man's fancy for beauty and creativity. The man gave free vent to his imagination in shaping glass in infinite ways for pleasure along with its need for preservation, which made the glass containers market grow without hitch despite competitive products.
Europe and the US represent the largest markets for container glass products, world over, offering immense potential for continued and sustainable growth of the global container glass market. Within Europe, Germany emerged as the fastest growing regional market, followed by France and Spain. Over the recent past, the developing regions of the world, such as India, have been witnessing exponential growth in the demand for container glass, given the distinctive features of appearance, usability, and preservation offered by the product.
Man's unending quest for better quality of life has resulted in heightened usage of glass containers, owing to the products unique properties of better preservation, aesthetic values, and recyclability. Over the past years, glass has emerged as the preferred choice of packaging material for food and beverage, cosmetics, and pharmaceutical industries, in particular. Moreover, growing consumer awareness about the benefits of using glass packaging and its contribution in achieving environmental sustainability has played a key role in the industry's unmatched growth. However, the alternative forms of packaging such as plastic or PET continue to be widely accepted among the consumers, thus posing a serious challenge for the future growth of container glass market.
The global container glass market is intensely competitive and highly fragmented, with several large and small players operating in the market. The companies compete mainly on the basis of quality, price, reliability, functionality, and other marketing attributes of the product. The leading players in the manufacturing of glass containers include: Owens-Illinois, Inc.; Saint-Gobain S.A.; Vetropack Holding Ltd.; Vitro, S.A.B. de C.V.; and Ardagh Group, amongst others.
The report analyzes the global container glass industry with focus on the US and Europe. The report presents the competitive structure of the industry and profiles major players in the glass packaging market. Also, key trends in the container glass industry have been identified and major factors that are expected to drive growth have been analyzed.
By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the market. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.
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