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Flat Glass Market Manufacturers | Size and Revenue | Business Share Forecast by Regions 2021-2026
According to a recently published report by Fortune Business Insights The global flat glass market is likely to gain traction from the rapid industrialization. It is driving the demand for flat glass as they are being used extensively in the commercial buildings to conserve energy. It is done by maximizing the usage of natural light. Fortune Business Insights™ provided this information in a recent report, The report further states that the flat glass industry share was USD 98.37 billion in 2018 and is projected to reach USD 153.21 billion by 2026, exhibiting a CAGR of 5.7% during the forecast period.

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

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Segment-

Ability to Improve Solar Gain will Drive Growth of the Coated Segment

Based on product type, the market is categorized into toughened, laminated, extra clear, coated, and others. Out of these, in 2018, the coated segment held 23.9%flat glass market share. This growth is attributable to the possession of numerous beneficial properties of coated flat glass. These include enhanced self-cleaning, hydrophobic, anti-reflection, and insulation properties. Such glass aids in improving solar gain and in maintaining the heat inside the building. The laminated segment, on the other hand, holds the major share fueled by their upsurging demand from the construction and automotive industries. It is because they are capable of remaining intact when broken.

Regional Analysis-

Asia Pacific to Remain at the Forefront Stoked by Rising Infrastructural Development

Geographically, the market is divided into the Middle East and Africa, South America, Asia Pacific, Europe, and North America. Amongst these, Asia Pacific generated USD 53.41 billion in 2018in terms of market revenue. This growth is mainly attributable to the rising investments by the governments of various countries in infrastructural development, as well as construction activities. Besides, China, being the largest contributor to the demand for flat glass, would propel the overall growth in this region. North America is expected to grow considerably backed by the presence of various government regulations on constructing energy efficient buildings.

Source:https://www.fortunebusinessins....ights.com/flat-glass

PET Packaging Market Size, Share Analysis, Growth, Recent Trends, Business Opportunities to 2029
The global PET packaging market size was valued at USD 37.85 billion in 2021. The market is projected to grow from USD 39.23 billion in 2022 to USD 55.46 billion by 2029, exhibiting a CAGR of 5.1% during the forecast period.

This information is provided by Fortune Business Insights, in its report titled, “PET Packaging Market, 2022-2029.”

COVID-19 Impact

Increasing Demand for Online Shopping Fueled the PET Packaging Market Growth

The pandemic has forced restaurants and other food services to remain close during COVID-19, and grocery demand varied drastically. The demand for packaging will therefore rise as customers continue to migrate to supermarket shopping. This trend is fueled by consumer desire to stock up on groceries, drinks, and home care items. However, when stores close and customers start to cut back on their spending, demand for luxury packaging other than food fell. As a result, the pandemic's effects on the packaging sector have been uneven.

Demand for PET Flexible Packaging as a Sustainable Solution to Gain Momentum

Based on product type, the market is segmented into bottles & jars, caps & closures, trays & clamshells, bags & pouches, films & wraps, sachets & stick packs, and cans & containers. In terms of market share, the films & wraps segment holds a dominant share of the global market due to the rising usage of flexible packaging in online delivery.

Demand for PET Containers in the Food & Beverage Industry to Gain Momentum
Food & beverages segment is the dominant segment of the market. Prepared meals mainly lead the food & beverage packaging market due to easy portability, long shelf life, and easy preparation. Prepared food consists of frozen meals, snacks, drinks, and more.


Driving Factors

Food & Beverage Segment Expansion Along with Pharmaceutical Growth is Boosting Sales

Leading companies in the pharmaceutical and food & beverage sectors have created innovative packaging solutions in response to consumer demand as a result of globalization. Due to rising preference for practical and portable options for transporting food in safety, PET packaging is predicted to see an increase in demand. In order to assure the safe handling of food and beverage goods, plastic packaging is being developed.

Browse Detailed Summary of Research Report with TOC:

https://www.fortunebusinessins....ights.com/pet-packag