Glass Forming Machine Market Trends

Growth Drivers

• Growing Demand for Sustainable Products - Growing emphasis on environmentally friendly and sustainable glass manufacturing is one of the most recent developments in the glass forming machine market. Although the manufacture of glass is already 30% lighter and 70% less energy-intensive compared to it was fifty years ago, the glass industry has already made significant progress toward decarbonization; zero carbon emissions are the ultimate aim. The glass sector is not an exception to the growing demand for sustainable products. Glass producers are searching for methods to lower their environmental impacts and use more environmentally friendly production techniques. This entails cutting back on waste, utilizing renewable energy sources, and employing less dangerous chemicals throughout production. It is anticipated that the need for environmentally friendly glass-forming equipment would increase as more people adopt sustainable habits.
• Demand for 3D Printing in Glass - Another big trend in the glass forming machine market is the application of 3D printing technology in the glass manufacturing process. Glass shapes that are complex and elaborate can be precisely and accurately produced by 3D printing. Because it produces glass goods with little material waste, this method can also reduce waste. Even while 3D printing is still relatively new in the glass industry, it is predicted to grow in popularity over the next few years, especially for products made to order.

Challenges

• High Initial Investment Required – Setting up a glass forming machine line requires significant capital expenditure making it difficult for small and medium-sized businesses to enter the market. The limits competition and hinders market expansion in the upcoming period.
• Fluctuation in Raw Material Prices are Set to Hamper the Market Growth in the Forecast Period.
• Challenges in Recycling and Reusing the Glass Containers are Predicted to Pose Limitation on the Market Growth Further