As per Persistence Market Research, the global glass processing equipment market is expected to witness exuberance between 2020 and 2030.
The glass processing equipment market is driven by the ever-increasing demand for glass in construction industry around the world. The other verticals where these equipment make their presence felt include automotive, furniture, consumer electronics, and several other industries. The basic purpose is cutting, drilling, and gridding the glass. The exploding population, especially in the countries of the Asia-Pacific is driving the growth of construction industry. Besides, the construction industry calls for glass due to reduction in operating costs coupled with low consumption of energy by buildings. Green construction consists of usage of highly efficient, low e-glass that lowers emissions of carbon. Plus, organizations like China Association of Building Energy Efficiency and India Green Building Council are into promotion of green buildings.
As such, demand for green buildings will escalate. It could be inferred that efforts in the direction of maintenance of ecological balance are expected to augment the glass processing equipment market going forward.
Glass Processing Equipment to Combat Plastic Pollution caused by Food and Beverages and Pharmaceutical Vertical?
These days, glass processing equipment is amongst the primary packaging materials in pharmaceutical and food and beverages vertical. Glass as an alternative to plastic, helps in curbing plastic pollution. The other advantages include retention of flavour, safety of product, and freshness. As such, hoards of hard and soft drinks are packaged in glass.
The major trend towards environmental-friendliness is likely to take the glass processing equipment market to greater strides in the forecast period. The basic raw materials used in manufacturing glass processing equipment include soda ash, sand, and limestone.
Glass Processing Equipment Market Challenges
Certain manufacturers of soft drinks are shifting towards paper packaging, which is expected to restrain the market. Also, the cost of raw materials is fluctuating day after day. For instance – silicon’s cost is unstable at the global level, which does act as a glitch to the glass processing equipment market.
What’s the latest on the Agenda?
There are many developments happening on an offbeat front.
For instance –
- Of late, Ann Arbor, The Glass Recycling Coalition, did confer upon a gold-level MRF Glass Certification upon MRFs (material recovery facilities) into operation by Rumpke Waste & Recycling and SMR (Sims Municipal Recycling).
- In May 2020, GMM Pfaudler Ltd. Did give an in-principle approval to set up greenfield manufacturing facility to cater to the demand for Glass Lined Equipment. The facility is slated to come up at Hyderabad, Telangana.
The “stay at home” orders enforced by governments all across have started having repercussions in the form of demand-supply gap. The manufacturers are witnessing operations delays as only a handful of people can visit sites. This trend is expected to persist till the end of 2020. The year 2021 is expected to come up with normalcy on this count.
Glass Processing Equipment Market: Region-Wise Analysis
Europe and North America collectively do hold more than 50% of market share due to growing consumption on the part of wine, beer. The Asia-Pacific is adopting glass for usage in chemicals, pharmaceuticals, food & beverages, and last but not the least – green buildings. These factors will upscale the glass processing equipment market in the near future.
How far is the Competition Going?
The key players in the glass processing equipment market include Glaston OYJ Abp, CMS Glass machinery, Bottero Glass technologies, LandGlass Technology, Conzzeta Management, HEGLA GmbH & Co. KG, OCMI-OTG, Biesse Group, and BENTELER International.
Both – organic and inorganic modes of expansion are on the anvil. For instance – BauMart, in Jun 2020, did agree upon selling its “Lisec glass processing equipment” to “Ventus Aqua”. Before that, the equipment was leased to Sydney Sunny Glass. On the other hand, Siemens did launch SIMOTICS-S 1FK7 servo motor along with SINAMICS S120 drive system for offering high reliability and precision solutions while producing flat glass.
In all, the glass processing equipment market, though disrupted by Covid-19 as of now, is bound to stand in a good stead later.
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