A recent report by the IMARC group put the global market value of food bottles at $289.5 billion in 2018, with a projected growth of 4.3% by 2024. Food bottles account for a large share of the global packaging industry, helping to package, process and deliver food to consumers. Food Glass Bottle Packaging, which typically consists of glass, plastic, paper, cardboard, metal and wood, plays a key role in protecting food from outside influences and damage. Today, food Glass Bottle Packaging also provides consumers with detailed nutrition and ingredient information; It provides better traceability and convenience
The main factor driving the growth of the food packaging market is the increased demand for specialty food Glass Bottle Packaging. A growing number of dual-income families have shifted from traditional eating habits to snacks and frozen foods. In addition, rural-to-urban migration, busy lifestyles and time constraints have all led to the increasing popularity of single-meal packages, which will increase the activity of product consumption. In addition, manufacturers are carrying out research and development activities to adopt high-performance antibacterial materials to improve the shelf life, barrier and safety of food Glass Bottle Packaging. In addition, demand for sustainable and environmentally friendly packaging has soared in recent years as consumers become more aware of global warming and environmental pollution. Other factors driving market growth include the rise of online food retailing by manufacturers and the expansion of production facilities. Looking ahead, the food Glass Bottle Packaging and bottle market is expected to exceed $356.7 billion by 2023, with a compound annual growth rate of 4.3% between 2019 and 2024.