Over the next five years, the Glass Mold market will register a 4.8% CAGR in terms of revenue, the global market size will reach US$ 599.5 million by 2026.
Glass is used in the manufacturing of bottles, vials, syringes, ampoules, and containers among other things. Glass is preferred in manufacturing of these applications as it does not react with the contents that are present in the packaging and hence maintaining the life of medicine or chemicals and hence manufacturers are preferring the glass packing solutions in order to improve the shelf life of the product.
The growth of the glass market is due to increasing demand for glass products like jars, vials, bottles, and lab-wares from end-user industries like healthcare, cosmetics, consumer electronics, food & beverages, and chemical which is boosting the growth of the market.
Furthermore, glass molds are used to create different types of colored & clean bottles which are required to store deodorants, perfume samplers, fragrances, dropper bottles, cosmetic ampoules, and more, which is expected to boost the growth of the market. The ceramic glass molds are preferred in manufacturing dinnerware, decorative objects, and manufacturing tableware. The main benefit of ceramic molds is their safe reusability as ceramic molds don’t need any coating in order to prevent the glass from sticking to the mold.
Based on the Glass Mold market development status, competitive landscape, and development model in different regions of the world, this report is dedicated to providing niche markets, potential risks, and comprehensive competitive strategy analysis in different fields of Manufacturing & Construction. From the competitive advantages of different types of products and services, the development opportunities and consumption characteristics, and structure analysis of the downstream application fields are all analyzed in detail. To Boost the Growth of Glass Mold during the epidemic era, this report analyzes in detail the potential risks and opportunities which can be focused on.
The report also assesses the key opportunities in the Glass Mold market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global Glass Mold Market has also been forecasted for the period 2021-2026, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
Top Key Players in the Glass Mold Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Glass Mold Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report includes Omco International, Ross International, Jianhua Mould, Jinggong Mould, ORI Mould, Weiheng Mould, UniMould, JCL Engineering Pte Ltd, RongTai mould, Xinzhi Industry, Donghai Glass Mould Co., Changshu Fuchang Glass Mould Factory, Changshu Ruifeng Mould, TOYO GLASS MACHINERY, TETA Glass Mould, Steloy Castings, Hunprenco Precision Engineers, Busellato Glass Moulds, Dameron Alloy Foundries, FUSO MACHINE & MOLD MFG.CO.LTD, HEBEI ANDY MOULD, Zitsmann, Strada, Perego, Inhom and others.
Global Glass Mold Market research provides a detailed Analytical Insights of global market size, regional and country-level scope, segmentation wise growth, global share, Competition Scenario, sales analysis, impact global market players on domestic players, value chain optimization, trade regulations, Latest developments, future opportunities, product launches, expanding marketplaces, and New technological innovations.
Among end-use industries, the chemical segment is anticipated to account for significant market share in the global glass mold market. Recently, the segment accounted for a 13.9% share in the global glass mold market in terms of revenue. Beakers, cylinders, colored & clear bottles, flasks, burettes, pipettes, and various other lab-wares have extensive demand in chemical industries. In addition to lab-wares, amber glass bottles and jars are used for storing light-sensitive chemicals in order to maintain the quality of chemicals.
The report offers an in-depth assessment of the growth and other aspects of the Glass Mold Market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific, and Latin America.
North America accounted for the largest market share in the global glass mold market in 2018, due to the favorable growth of the pharmaceutical industry in the region. According to International Trade Association, pharmaceuticals are one of the biggest, R&D-intensive industries in the U.S. The research-based industry invests over 15-20% of the total revenue produced on R&D per year (over US$ 50.2 Billion in 2016). Moreover, total sales of pharmaceuticals in Canada are anticipated to increase to US$ 20.6 billion by 2020.
The Asia Pacific is anticipated to witness the fastest growth in the global glass mold market over the forecast period. Government authorities such as Environmental Protection Agency (EPA), AFS, and others have implemented stringent regulations on effluents released during glass mold manufacturing.
The report incorporates an in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis, and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers, and so on to comprehend the prevailing market dynamics at present and their impact during the forecast period 2021-2026. The report presents the analysis of the Glass Mold Market for the historical period of 2017-2021 and the forecast period of 2021-2026.
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Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.