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Stock impact report

Glass Packaging Market to be Reach USD 81.74 Billion by 2031 | SkyQuest Technology [Yahoo! Finance]

O-I Glass, Inc. (OI) 
Last o-i glass, inc. earnings: 4/28 04:20 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Westford, USA, Dec. 06, 2024 (GLOBE NEWSWIRE) -- SkyQuest projects that the global glass packaging market will attain a value of USD 81.74 Billion by 2031 , with a CAGR of 4.5% during the forecast period (2024-2031). The glass packaging market in Japan, South Korea, and Singapore is driven by increasing demand for sustainable and premium packaging solutions. In Japan, the market is supported by the beverage, cosmetics, and pharmaceutical sectors, with a focus on eco-friendly packaging and high-end alcoholic beverages. South Korea sees growth from cosmetics, skincare, and traditional beverages like soju, along with strong sustainability efforts. Singapore, a trade hub, benefits from demand in food, beverages, and luxury goods, while government initiatives focus on recycling and sustainability. Overall, these regions are embracing glass packaging due to environmental awareness, regulatory support, and consumer preference for premium, sustainable options. The glass packaging has been Show less Read more
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