FDBusiness.com

Luxury products to fuel glass demand in next decade, study finds

 Breaking News
  • HKScan Strengthens its Meals Offering With Investment in Estonia HKScan, the leading Nordic food company, plans to invest in its Rakvere unit in Estonia. The €8 million investment will go towards modernising the unit’s frying department, including the expansion of the building and the installation of new cooking and packaging lines enabling implementation of new technologies and packaging solutions. Construction is to commence in [...]...
  • Food and Drink is at the Heart of the UK’s Largest Packaging Show Packaging Innovations, Empack and Label&Print returns to Birmingham’s NEC on 28 February-1 March 2018, and is set to be the most innovative show to date. With over 290 exhibitors already signed up, the UK’s largest annual event for the entire packaging supply chain will feature the latest industry innovations and technologies, alongside a major free-to-attend [...]...
  • AGRO Merchants Group Acquires Grocontinental AGRO Merchants Group, a global leader in cold storage and logistics solutions, announced today the acquisition of UK-based Grocontinental Limited. This transaction reinforces AGRO’s position as the leading cold storage and logistics provider in the United Kingdom and Ireland, deepens its commodity expertise, and substantially enhances its value-added service offerings for customers. David Grocott and Linda Grocott, third generation owners of [...]...
  • Trade Fair and More – The Event and Congress Programme For Anuga FoodTec 2018 Resource efficiency will be the primary focus of Anuga FoodTec 2018, the leading international supplier fair for the food and beverage industry, which will be held in Cologne, Germany from 20 to 23 March 2018. Around 1,700 suppliers from more than 50 countries will be presenting their new products for the production and packing of [...]...
  • TINE to Invest €77 Million in New Jarlsberg Plant in Ireland TINE, Norway’s largest farmer-owned dairy co-operative, is to invest €77 million in a dairy with the capacity to produce 20,000 tonnes of Jarlsberg cheese a year. The goal is to secure and strengthen Jarlsberg sales outside of Norway as export supports are phased out in 2020. This will make export of Jarlsberg from Norway unprofitable. “Jarlsberg [...]...

Luxury products to fuel glass demand in next decade, study finds

January 12
11:04 2013

Glass will be the packaging material of choice for any company wishing to portray their product as an image of luxury, in the next ten years, according to a new report

A report from British research firm Visiongain suggests that emerging economies will require more glass packaging for more premium food, beverage, healthcare and personal care products. It said that glass will be the pack material choice for any product wishing to portray an image of luxury.

It also found that the global glass packaging market will reach a value of $36.8bn in 2013, but its growth will be limited in the next 10 years as it loses out to competition from plastics.

However, the analysis also indicates that growth will be curtailed as pressure mounts on producers to look to alternative packaging materials in order to cut down production costs.

Plastics

Visiongain claims that the change from glass to more flexible plastic packaging such as PET, will be most dramatically noticeable in the beverage industry.

It claims that during the next ten years the landscape of the packaging industry will change and glass will take a step back as plastics moves forward.

Despite this, Visiongain is confident that glass will not completely fly off the radar, claiming it will solidify its image as a luxury item, providing products with an image of sophistication and value.

Demand

Visiongain’s author of the report Sree Selvan said: “This loss in the glass packaging market share will only affect the lower tier products that glass currently packages and will act to enforce glass as the packaging material of choice for any product wishing to portray an image of luxury or natural qualities.

“Luxury products are currently being soaked up by the East Asian and South American markets and this is where the majority of demand for glass packaging comes from. This will continue to be the case until Europe and America Recover towards the end of the decade.”

About Author

colin

colin

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • January 8, 2018RAI Exhibition
  • January 16, 2018Sival Plant Production Trade Show
  • January 17, 2018Dutch Organic Trade Fair
  • January 17, 2018Anfas Food Product
AEC v1.0.4

Jobs: Food Packaging

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements