End-Use (Health-Care, Chemical, Food & Beverages, Laboratories)
In terms of end user segment, the food & beverage segment is expected to hold 40% share of the global glass forming machine market by the end of 2037. In the manufacture of large volumes of glass products for end-use sectors, a glass-forming machine shall also be used extensively. Glass packaging is highly used in the food & beverage sector owing to the high penetration of food globally. The majority of food and beverage sales are generated by supermarkets and shopping centers, representing an 85 percent market share in 2021. However, sales are likely to improve over the assessment period despite lockdown and shelter-at-home guidelines limiting production activities. As a result, the growth of the food and beverage sector has been driven by continuous investments in manufacturing as well as production linked to them, thereby maintaining market growth for glass-formed machinery throughout the pandemic period.
Method Type (Blow & Blow, Press &Blow Method)
Glass forming machine market from the press & blow segment is predicted to grow significantly registering a growth of 30% by the end of the forecast period. This method is highly utilized to make glass containers with narrow necks such as vials and jars. They offer amazing grip over the shape and thickness of the boxes. Manufacturers are increasingly investing in automated press & blow machines to enhance production efficiency and reduce labor costs. Furthermore, manufacturers are also developing press and blow machines that are lighter, stronger, and more durable.
Our in-depth analysis of the global glass forming machine market includes the following segments:
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Author Credits: Richa Gupta
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