Project Report For Glass Bottle Manufacturing
Introduction
Project report for Glass Bottle Manufacturing is as follows.
Glass containers can be made using one of two methods: the Blow and Blow technique or the Press and Blow procedure. Based on the required characteristics of the bottle, silica soda ash, limestone, and cullet (furnace-ready, recycled glass) are mixed into a particular combination.
Increasing material and utility costs in the West will create opportunities for development in growing markets such as Turkey, Poland, and the UAE, where both local and global suppliers are projected to boost production.
The global market for glass bottles is anticipated to reach 65.4 MMT by 2022, expanding at a 3-4 per cent CAGR. Increased use of alcoholic drinks in developing economies such as India and China will increase demand. The global glass container market is projected to be operating at 60-70 per cent of its installed capacity. This might lead to a slowing of demand for alcoholic beverages, with a 1-2 per cent increase in the West.
Market potential & Strategy
Alcoholic drinks, which account for more than 70% of the glass bottle market in the end-user sector, will continue to dominate the glass bottle industry for the foreseeable future. This is attributed to increased beer and wine consumption in APAC. With a 35 per cent market share, the APAC region is a significant driver in the glass container industry. The maturing use of alcoholic drinks in the West may encourage purchasers to extend into growing countries such as India, China, Vietnam, Thailand, Mexico, and so on. The rising consumption and trade attractiveness of the glass packaging industry in emerging economies has resulted in significant development potential.
The worldwide glass container market is anticipated to expand at a CAGR of 1–2 per cent between 2020 and 2025, reaching 63.4 MMT by 2025, owing to reduced alcoholic beverage consumption across markets in 2020.
The pharmaceutical category is anticipated to grow at the fastest rate among end-use categories, with a CAGR of 4–6 per cent from 2020 to 2025, owing to rising worldwide medication demand. The worldwide glass container industry is expected to expand at a CAGR of 1–2 per cent over the next three years as a result of the COVID-19 impact and its ripple effect. However, a strong rise in food and beverage consumption in the Asia area is projected to fuel glass container growth over the next five years. Globally, the container glass industry is projected to be operating at 60–70% of its installed capacity, owing to market overcapacity and weak demand for alcoholic drinks, which is rising at a rate of 1–2% in the West.
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